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Strategies & Market Trends : Strictly: Drilling II

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To: gold$10k who wrote (6798)1/25/2002 4:07:01 PM
From: Paul Shread  Read Replies (1) of 36161
 
HUI closed right on the highs - could be the beginning of 5 of 1 of 3 up if it can make a new high. Otherwise, it just looks like a 3-wave correction off the November lows. A critical moment here for gold stocks. It's a big plus that it held the breakout on a weekly chart.

stockcharts.com[l,a]daclyyay[pb50!b200!b20][vc60][iLl14!La12,26,9]

HGMCY may have nailed the low in the Rand on their recent currency hedge. If so, that's a big plus for the company's earnings this year.

investavenue.com
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