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Strategies & Market Trends : Natural Resource Stocks

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To: gold$10k who wrote (7703)2/13/2004 8:02:36 AM
From: Roebear  Read Replies (1) of 108760
 
vt,
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.

I agree that this (and its reverse) have been among the most reliable indicators for gold stocks.

That said, we must always be aware that all indicators eventually become less useful as their efficacy becomes more apparent to more market players.

Best,
Roebear
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