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Strategies & Market Trends : Natural Resource Stocks

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To: isopatch who wrote (26272)6/28/2005 3:23:48 PM
From: ItsAllCyclical  Read Replies (1) of 108786
 
Last post should read that I favor a near retest only if 192 goes on the HUI (hasn't happened yet). Still possible that this is just a FED smackdown as you have suggested and that we hold 192 or don't violate by much. Sly has mentioned 185 as support being a 50% Fib. That's certainly possible as well, but again I don't favor that scenario. So far gold hasn't even cracked 434 area. Gold stocks will probably hold reasonably well until gold cracks 428-425 area. Then we'll know what they're made of.

As for sentiment which has been talked about a bit of late it seems that most of the gold pundits are bullish again and many of the gold boards are bullish as well. Not at extremes by any means, but I don't see much negativity, only some caution here and there.
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