.......Too Much Bullishness - From Mark Hulbert

See http://www.marketwatch.com/news/story/mark-hulbert-whats-holding-gold/story.aspx?guid=%7BCD0EE00B%2D4A3D%2D4B69%2DA011%2DB895665FC5BF%7D.

Gold manipulation is nonsense. How did gold average 30-35%/year in the 5+ year Wave 1 Cyclical Bull Market (April 2001 until May 2006) if it was being suppressed??? GLD tends to follow SPX due to program trading, see http://finance.yahoo.com/q/ta?s=GLD&t=1y&l=off&z=l&q=c&p=&a=m26-12-9,m26-12-9,p12,m26-12-9,p12,fs,m26-12-9,p12,fs,w14&c=%5EGSPC. Do you know anyone who can overcome 70% of the dollar volume on the NYSE and manipulate gold (now securitized as GLD and IAU)???

HUI/XAU's Wave 2 Cyclical Bear Market began 5-11-06, see charts 7 and 9 at http://www.joefrocks.com/GoldStockCharts.html. NEM's Wave 2 Cyclical Bear Market that began on 1-31-06 ended on 10-4-06 at 39.84, so, reliable lead indicator NEM is probably in a 5-6 yearish Wave 3 Cyclical Bull Market since 10-4-06, see chart 8 at http://www.joefrocks.com/GoldStockCharts.html. ....... http://www.JoeFRocks.com/ .

HUI NEM XAU