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 (25256)	11/13/2006 3:25:52 PM
From: Rarebird	Read Replies (1) of 78411

I eyeball each chart separately. Gold in USD is clearly in a contracting triangle. The ultimate resolution should be a thrust rally ending in the second half of 2007. Once the $650-$655 level in USD is clearly broken to the upside, all hell should break loose. The $720 level should then be taken out with ease and a challenge of the 1980 all time high in the POG will be in order. I pointed out a few weeks ago that money flow had turned extremely positive in regard to GDX and a new uptrend formed on October 24, 2007. This is why I am wildly bullish on GDX and bought in. I try to follow the $$$. As a result, I am now an intermediate term investor in this sector. The bullish coast looks clear to me through the end of January 07. All dips should continue to be bought till further notice. What I see in regard to USO, on the other hand, is a clear bottoming pattern. This is why all dips should be bought! I expect new 52 week highs in USO in the coming months. Bullish divergences abound. This is a ground floor opportunity. Take a light position and add on dips. You will be well-rewarded in the coming months. That has been my strategy.

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