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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who started this subject	2/13/2004 12:03:01 AM
From: gold$10k	Read Replies (2) of 108759

Nothing is for certain. I have been reading gold sector views today from knowledgeable people which span a large spectrum of possibilities. What else is new? Each of us must make our own decisions. A rising POG and falling XAU/HUI such as we saw today is one of the most reliable indicators of a reversal that I have seen in my 5 years of closely watching the gold sector. How low does it go? Some say HUI 180 because of the double top neckline measurement (even though that measures only 91 on XAU), but I would expect XAU/HUI 97/220, 93/210, or 89/200. XAU 89 is also the neckline of the 6 year reverse H&S which was broken to the upside last July and projects a target of XAU 135. bigcharts.marketwatch.com Rather than fix on a target, I prefer to re-buy using a combination of slowly accumulating at/near previous lows of individual stocks which seem extremely cheap (not all stocks bottom at the same time and some are 10% or more above their lows by the time XAU/HUI bottoms), and waiting for a signal from XAU/HUI that the decline is ending. Just my 2 cents, vt

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