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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 399.29

+0.9%

Dec 17 4:00 PM EST

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To: Postman who wrote (3848)	9/17/2006 9:48:49 AM
From: Rarebird	Read Replies (1) of 29622

Gold Mining Fragments: I'm looking at a time ratio low for gold mining stocks during the second week of November. Please exercise discipline and patience. Just avoid buying the gold mining stocks (and energy stocks) here; for the Gold stocks have much further to fall. The 97-99 level on the XAU is a preliminary target. This decline in the Miners (and Commodities in general) is likely signalling a rapidly slowing economy moving forward. Indeed, the XAU/HUI are pointing the way down for the broad market. The Miners have led this market on the upside and they are now leading this market on the downside. The turbulence in October will shock many people and catch them off guard. Now here is the good news. When the current correction ends, it will present fantastic buying opportunities in Gold Mining Equities. This is merely a severe correction in a Gold Bull Market. New all time highs are coming for the POG.

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