joel, i posted that weekly wave count xau chart to stinky specter for a reason, it piqued his interest, but he stuk to his one more leg up on spx, which is wat the crowd will be juicing for at the top, a final rally from an oversold bottom.
i believe the gold stocks will act as an inverse to the market, at some point, even though they haven't during the tribulations of 2000 yet.
the sentiment in gold and gold stocks lately is the complete reverse of the tech stocks going into the march top, gold suks, gold stocks suk more.
if you look at the volitility chart that i posted from yvan augers site several weeks ago, the volitility from the october 99 top, which was massive, has now narrowed into a tight funnel.
since the bottom on the 26th of october, gold has traded in a super narrow range with closes within 20 cents to a $.
i believe this is the inverse of the boring market of the nyse going into the sept 1 top with a whole bunch of narrow change days in a row and narrow change readings in the mcosillator.
the dimpled buttheads are going to create a really nice gold rally imo -g- |
