Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: loantech who wrote (15111)	7/4/2006 1:02:06 PM
From: Wade	Read Replies (1) of 78417

Tom, I disagree with Jack Chan's interpretation of HUI:Gold ratio. This ratio appears that HUI still has very good leverage vs. gold. Break out of this ratio only signals that HUI is overly leveraged and may not sustain further upside movement. Furthermore, GDX has been an excellent tool for me to trade the PM market. I just don't see GLD having the same leverage. He has been quite consistent in using TA instead of reading too much into the market reactions until recently. I noticed that he started making forecasts outside his traditional disciplines that is an indication of over confidence. I would be very cautious about his new venture. Take care. Wade

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