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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: crustyoldprospector6/23/2006 1:40:44 AM
   of 78416
 
Do or die time for miners.

Ratio HUI:GOLD put in a black candle today on what could be the end of a 3-wave corrective flat. The 50 DMA is about to cross the 200 DMA, also not good. Although the rise in HUI on Wednesday was large, volume wasn't there.

I sense another test of HUI 270 coming up, and a good chance that 255 will get hit. I'll likely be a buyer for a trade in that 270-255 area, if the drop down there comes to pass.

FWIW,

crusty
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