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Strategies & Market Trends : Coming Financial Collapse Moderated

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To: rails99 who wrote (514)7/18/2001 5:43:27 PM
From: pater tenebrarum  Read Replies (2) of 974
 
Rails, i think patience is the key here. the not much followed index of unhedged gold and silver stocks, the HUI, has a clear impulsive e-wave pattern from the November low. this index has risen almost 100% from its lows, with several component stocks rising even more than that. amazingly, this has gone completely un-noticed by the finan-shill media. i take that as another confirmation that a bull market in this sector is indeed underway. as it is still in the first inning, it is erratic, suffers frequent and strong pullbacks, iow does whatever it can to shake people out. the increasing divergence between the metals themselves and the stocks making up the index is another bullish sign. it is the 'hook', so to speak. most people can't believe the pm stocks can hold their gains or go higher without a wild rally in the metals. it's what is keeping them out....
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