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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 362.31-1.8%4:00 PM EST

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To: SwampDogg who wrote (9966)11/19/2007 10:50:09 AM
From: TrueScouse  Read Replies (2) of 29622
 
SwampDog:

Great post...

<<Take a look at a 6 year chart of the $HUI. it may be the most perfect chart I have ever seen. A series of bull market moves following by perfect flat or triangle corrections. Didn't really matter what was going on in the general market. In each case it was a different set of circumstances. Gold needed to pull back and it will be all the stronger for it.>>

And the HUI really needed to pull back to the major breakout point at 400, which is where we're at right now. Do you expect it to go and stay much below 400? I'm bullish but very nervous! Climbing the wall of worry? :^)

Best regards,
Howy
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