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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Ceedee who wrote (20221)	9/11/2003 10:46:13 PM
From: jimsioi	Read Replies (2) of 39344

Ceedee, hoping for the best.... Me too though I notice GOLD is doing the Asian Swoon in the overnights, back down to the $378 area again...The last three daily candlesticks Valutrader pointed out in an earlier post are troublesome and seemingly have to be overcome for the miners to follow through on their last hour firmness of Thursday, Friday...Of course we know that... Holding on to 30% in miners which for me is slightly aggressive....32% cash...I'm wondering if these hedge funds and large specs aren't hitting their position limits....of which for the commercials there are none, if I'm not mistaken....Have to find new buyers to keep fueling the rocket....chewing through the paper.... Refer again to Valutrader's chart of gold....anything below $380 will be slightly bearish on a close basis for the week, being lower than half way in the range, anything below $375 plain bearish, being below the opening for the week, and anything below $370 heavens forbid, horridly bearish, taking out last couple week's lows...$380 or bust it looks like it is..... stockcharts.com Prints below 198 on the HUI, especially late in the day would negate the turn of Thursday and signal further downside in the next week...imho. siliconinvestor.com

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