TEOTWAWKI comes and goes. Ike Spike lingers.

• Print
• E-Mail

But he concludes:

"Our upside gold targets are still valid, as soon as the currency/metal/oil corrections exhaust themselves, as all storms do."

Schultz' upside target, at last report, was $1,600 in fairly short order."

Nervous, choppy conditions will dominate - specs have further reduced long positions last week. Dollar direction and Ike will remain in the driver's seat. There is a definite absence of gold pundit comments about gold being up due to the Frannie news. Evidently, and by elimination, it must be Ike. Not a good omen for the short-term. See Gustav.

Happy Trading.