Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: nspolar who wrote (16131)	7/20/2002 4:58:04 PM
From: Rainier	Read Replies (1) of 36161

ns: Great chart and now in my bookmarks. I think it well illustrates that the Naz 100 seems to have the best inverse relationship with the HUI, which would confirm that those are two good sectors to play in tandem, as I believe your trades the past few months would confirm. The chart also shows that this year, gold started its big runs just as the naz reached local peaks (early Jan and early Mar), with the inverse relationship between the two sectors holding up best at the early part of the moves (as the naz decline continued in each instance, gold also became weaker). This is readily apparent in the simultaneous decline we've had since June. Don't know if this observation has any predictive value or is just coincidental, as my gold experience is very limited. If the broad market can start a multi-week rebound this week and gold is relatively stronger as you suggest (and I believe), it should be able to resist any serious technical damage and thus keep hope alive for a good (new high?) rally later this summer. What I wouldn't give to see the next few months on that chart now... Best regards, Rainier

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