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Politics : Welcome to Slider's Dugout

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From: Nihontochicken	10/3/2006 3:59:43 PM
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The MACD bull crosses in the commodities may well get whipsawed away. tinyurl.com As far as $Gold, well, here's what I see from my smoking PM crater. Look at the five year weekly chart of $Gold, and notice how firm a bottom the Aden 65 week SMA has been in the past: tinyurl.com IF (big IF) this holds, it shows a $Gold bottom above $550. But given Paulsen and Goldman Sux, perhaps it may be violated temporarily to the downside. As far as the HUI, it's leverage over $Gold to the upside is suspect, but that leverage sure works well to the downside!!! The five year weekly HUI chart: tinyurl.com A downward violation of the 65 week SMA of magnitude equal to that in mid-'05 (log scale) would indicate a HUI bottom around 230. My Chicken pea brain still says that the LT PM direction is still up as the printing presses roll and M3 keeps increasing: nowandfutures.com But IT (the next year or so) I think the 65 week SMA is the next station stop for $Gold, and somewhat below that MA for the HUI. Sooooo, in the meantime, what do we do to make money??? Buy Tech? Banks? Despite steadily rising $Uranium, the U miners aren't doing squat. NC :o(

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