TLM Talisman March 31, by special request.


I have tried to avoid being too opinionated on either gold or energy simple because I think we may be entering a deflationary environment, and , I do not understand what is going on. Now I know that that does not stop your average broker from telling you what to do, but then I am not interested in being an average broker. Anyway lets look at the E-wave position on this stock. It is 5 down from the top, then an a-b-c correction back up (there are no 5-waves, a lot of overlap and we have retraced about 1/3 already) which may have a dollar or two to go further but that is about it. Right here it is not a buy as best as I can tell.