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Strategies & Market Trends : Strictly: Drilling II
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To: Frank Pembleton who wrote (16798)8/1/2002 9:08:16 PM
From: Roebear  Read Replies (4) of 36161
 
Frank,
Longer term view here, no quibble about your st Kinross trade. Heaven knows I've made plenty short term trades
myself, ggg.

Just want to point out that the XAU has now formed the right shoulder of a five year Inverse H&S, neckline about 85, head at lows Nov 17 2000 41.85, measured target is XAU 128.15.

I believe last winter I made a similar chart observation on the HUI targeting 95-100 and then 110. At the time that may have seemed a stretch, but of course we achieved those targets and are now retesting them from above.

I've noticed some of the regular posters are off chasing techies and others stuff which is OK short term.

But just wanted to remind the thread that besides May's tidbits, which have not satisfied, the Yellow Dog has not eaten for a long time. Before his appetite is satiated, he will eat Bear and Bull alike!

Best Regards,

Roebear
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