Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Canuck Dave who wrote (23734)	12/18/2002 11:09:04 AM
From: rolatzi	Read Replies (2) of 36161

The weekly price of gold chart shows a rising channel. The upper line is currently a tad below $350 and the lower line is a tad below $320. This current updraft has a bit more to run before it hits the resistance of the upper line. The weekly HUI on the other hand is forming a pennant which should resolve in the next four months at around 132. The daily HUI seems to find support a little below the 200dma which could take a correction down to 113 or so. If it actually tests and holds that level I would load the boat. Of the shares that I watch, GG is about the best having broken out the day before yesterday from the previous high and having held above that level yesterday. Ro

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