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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who started this subject12/16/2003 1:27:07 PM
From: jimsioi  Read Replies (2) of 108759
 
HUI weak in the face of weaker dollar...

Hardly enthralled with the disconnect taking place between gold stocks and the dollar...Now they, the stocks, go down regardless of the direction in the dollar and much more than the metal when it eases. Coorelation with the QQQ seems to be increasing.

GG and NEM quite weak today...Lower gold tomorrow and we'll see the test of last week's low some of us predicted...indicators have another good down left....Overhead at 243 and the downtrend off the highs are now the selling points...

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