Precious Metals mutual funds (gold, silver, PGMs) Message Board

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Strategies & Market Trends : Precious Metals mutual funds (gold, silver, PGMs)

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To: Wade who wrote (893)	11/27/2004 8:25:48 AM
From: Dan P	Read Replies (1) of 972

Wade, Larry et al.: All indices are looking good. A few gold funds are at new highs, and most are near breaking to new high ground. HUI and XAU are also near breakout. It is interesting to look back, long term. One of my favorite chart sites is bigcharts.com, where they keep some very old data e.g. on the XAU. bigcharts.marketwatch.com This suggests that we still have quite a bit more to go to the upside, and my guess is we'll see 150 on the XAU before this is over. Beyond that? I am not sure, but we may go a lot higher. This rally in gold and the stocks has been excellent, but seems a lot more work than 2003. If you look at the chart above, sure seems to provide some guidance long term on when major trends change. Regards Dan

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