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Strategies & Market Trends : Natural Resource Stocks

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To: Andrew who wrote (2788)	10/31/2003 1:25:59 PM
From: jimsioi	Read Replies (1) of 108860

Andrew, Gold's coiling... Yes, one could indeed make that observation...show me a close over $386 and I'll think the spring has a chance to release...however, I don't think it is going to happen as long as the dollar firms up above 92.. It appears GOLD is going out close to its lows...this will further tarnish the GAllemore's trend indicator reading and be suggestive of more downside before upside... chartingyourfutures.com Action could indeed be sckewed by month end business and the seasonal improves immediately as November begins....but currently I'm in the "show me" camp as far as gold and certainly silver miners are concerned.

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