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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: sea_urchin who wrote (14404)6/13/2002 7:19:59 PM
From: Alan Whirlwind  Read Replies (2) of 81765
 
I have kept to charts of stocks I own in the past. The HUI seems to have a strong bottom in. Nas. seems to be a basket case and also somewhat of a mirror image of the XAU/HUI...even the AMEX. If you note on that 1 year chart, Dow doesn't look so bad. Nas. is pathetic and S&P somewhere inbetween.

We've had some important warnings so far this year. Gold stocks and mining indices with solid bottoms in, gold industry consolidation culminating in the spectacular OK Corral showdown between AU and NEM over Harmony, a Dutch bank signaling the time to sell is over, BOE in political fallout for squandering the country's gold reserves, definitive double bottom in gold formed on charts, and metals shortfalls continuing in the midst of world recession. UP from here--not down.

And if gold closes up tomorrow this round of corrections will not see new lows IMO.
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