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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Claude Cormier who wrote (26075)	12/30/2003 12:17:02 PM
From: TrueScouse	Read Replies (2) of 39344

Claude: We're at a critical point here IMO. The London PM gold fix was the highest in 14 years today. And silver is trying to take out $6 at this moment. March silver just printed $5.99. I had really expected a major pull back at $5.95, and also stronger resistance at $415 POG -- but it doesn't seem to be there. What if they just go sailing through these levels? Technically, there's not much resistance until $7 silver and $500 gold. <g> Another key indicator is the Gold/Silver ratio. This is about to break a trendline going back to July 1999. stockcharts.com[w,a]whlayyay[d19961230,20031230][pb14!b52][vc60][iut!Ll14!Lah12,26,9!La12,26,9!Lb14]&pref=G Both the 14 and 52 week MAs are now moving down and the ratio could go below 70 today. Could be a great New Year present! Best regards, Howy

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