Bears eager to stay out of harm's way might want to consider taking a week's vacation, since just about every stock we track looks like it's headed higher ' including mining shares. Issues favored by the bullish lunatic fringe in particular look explosive at the moment -- none quite so powerfully, perhaps, as Research in Motion (RIMM). Take a look at the chart below if you want to see a violent short-squeeze in action. A $3 gap on Monday's opening left bearish bettors with no way to exit, other than by diving out an upper-story window. And it only got worse for them, since the stock barely corrected over the course of the six-hour session. Concerning bullion, the Gold Bugs Index (HUI) showed poor relative strength, falling slightly on a day when the Dow was up 130 points. However, we don't see this weakness continuing for long, even if precious metal shares seem likely to lag well behind crazies like RIMM, Apple, Google et al. in the days and weeks ahead. Our short-term forecast for the HUI, which settled yesterday ay 419.77, calls for a rally to at least 439.76. If things play out as expected, that would amount to a gain of slightly less than five percent. Nature in the News There were no headlines to drive stocks, only the unmitigated energy of short-covering in a news vacuum. Actually, the big story concerned the weather and nature on a rampage. With huge death tolls from the Burma tycoon still in the news, disaster struck in China in the form of an earthquake that shook an area almost as large as the U.S. Add to that the killer tornadoes that struck in Oklahoma, Georgia and Missouri over the weekend, and you might think 'mother' nature was on a planetary rampage.
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