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Gold/Mining/Energy : Precious and Base Metal Investing

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To: LLCF who wrote (12709)6/19/2003 3:58:47 AM
From: jimsioi  Read Replies (1) of 39344
 
Miners and Gold

Below is a three year chart of the HUI and its relation to GOLD. Basically I come away saying they are pretty well linked, except the shares rise and fall more than the metal...The HUI right now is toward the better levels of its relationship with gold and technical indicators are at the top of the scale. Pretty normal for little peaks the index has taken along its path to fuller valuation. We're quite away from the 200 and 40 day moving averages which are best to buy near.

A post earlier rings in my ears about the weak hands being worked out of their shares in even an ascending consolidation like we've seen for two years in the HUI. A/D lines for many miners are pretty strong.

HUI (the miners) / Gold
stockcharts.com[h,a]dblaynay[df][pc200!b40!f][iut!Uj[$gold]!Lb14!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G

A/D Line for NEM
stockcharts.com[h,a]dblaynay[df][pc50!c200!f][iut!Uf!Lb14!Ll14!Lb14!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G
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