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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (26693)	12/28/2005 10:08:05 AM
From: Rarebird	Read Replies (4) of 57684

I don't know if you trade the Gold market or short stocks; but there may be a very good short sale opportunity coming in regard to the Gold Miners. Look at the Gold/XAU Ratio: kitco.com If that ratio falls under 4, that means that the Gold Mining Stocks are extremely expensive in relation to the POG and should be shorted. If the Gold/XAU ratio rises above 5, that means the miners are dirt cheap in relation to the POG and should be bought. The last buy signal was given here: Message 21331287 The Gold/XAU ratio got down to around 4.02 late last week. I think we may see 3.75-3.8. Exuberance is tremendous in Gold Land. GFI, HMY, NEM are good short sale candidates when the time is ripe. I see a 50% haircut for HMY, 40% for GFI, and 25%-30% for NEM.

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