Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Crimson Ghost who wrote (21489)	11/7/2002 11:21:35 AM
From: ItsAllCyclical	Read Replies (2) of 36161

Stock market down, US Dollar down, gold up...gold stocks down. I expected that we may close the gaps on the charts today, but wasn't expecting the weakness to persist. I think we'll get some strength at the end of the day to take us mildly positive again on gold stocks. If not it looks like a near term pullback/consolidation may be in order. XAU hitting the top line in it's pennant formation, but HUI, NEM, KGC, DROOY and many others have plenty of room to run. Not selling anything here even if we don't rally EOD. With the EU not cutting rates it just puts even more downward pressure on the Dollar. Just a matter of time now.

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