Wade, and Larry:
Nice article, and quite interesting.
I was just looking at the charts myself, and find a similar situation. I.e. the best chart that I am aware of is the gold/HUI, as the xau doesnt really represent the precious metal sector very well, but it seems to work pretty well. actually, Larry's index calculation would be of interest here as well.
Here is that chart:http://stockcharts.com/def/servlet/SC.web?c=$gold:$hui,uu[e,a]daolyyay[de][pc50!c200][vc60][iua12,26,9!la90,200,50!lh15,5,5!ld20!ll14][J50856751,Y]&pref=G
HUI: stockcharts.com[e,a]daolyyay[de][pc50!c200][vc60][iua12,26,9!la90,200,50!lh15,5,5!ld20!ll14][J6385245,Y]&pref=G
Looks like it is trying to form a bottom at these levels. Found some support near these levels a couple of times before.
I think buying the best stocks or funds should be rewarding over the next year.
Dan |
