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

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To: loantech who wrote (49037)9/15/2007 12:22:19 PM
From: rubbersoul  Read Replies (1) of 78432
 
I read that Hamilton piece last night. It's one of his better ones:

"The bottom line is the HUI is now technically in position to launch its next massive upleg, its fourth surge to new high levels scarcely yet imagined in this bull. If you run the HUI upleg cycle average gains off of the recent August interim lows, it yields incredible HUI targets ranging from 580 to 700! And such uplegs have only taken about 6 to 12 months to unfold in this bull, so if historic precedent proves prophetic we won't have to wait long for legendary gains.

While the technicals alone are compelling, the unique position of gold today really ramps up the probabilities that the next major HUI upleg is imminent or already unfolding. Miners can't keep pace with gold demand growth and the big autumn buying season is approaching. And all-time US dollar lows could drive gold investment demand the likes of which we haven't seen in decades."
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