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Politics : Welcome to Slider's Dugout

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To: SliderOnTheBlack who wrote (6936)	11/7/2007 3:18:25 PM
From: Nihontochicken	Read Replies (1) of 50135

I think perhaps $Gold and the $HUI today are caught between a heavily tanking $USDollar trying to force them up and the heavily tanking broad markets trying to pull them down ($Gold also bumping up against its ATH close as well). The broad markets have had some bad divergences recently, notably in the "leader" Techs versus the semiconductors: stockcharts.com Another one is the $Tran versus the Dow (now starting to close?): stockcharts.com OTOH, the $HUI versus $Gold looks okay: stockcharts.com Kinda nasty candle today, though. But the weekly still looks good: stockcharts.com Would like to see more leverage in the miners over $Gold on the upside, but it is moving slowly in the right direction: stockcharts.com FWIW, I'm still cautiously optimistic on the PMs, though it appears a lot of quick draw artists are jumping off the golden ship right now. NC

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