Trade the Cycles

Wednesday, January 11, 2006

SPX (S & P 500) Strength Led To Gold/Silver Stock Strength

NEM just took out Monday's high, so the minor int term upcycle is still heading higher until proven otherwise. The massive Fed credit spike of recent weeks is still being felt. Last Thursday was +16.75 Billion which is huge. The fact that the punch bowl was removed the last 3 days should lead to weakness soon. Today's credit hasn't been released yet. http://www.newyorkfed.org/markets/omo/dmm/temp.cfm?SHOWMORE=TRUE

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