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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 451.79+1.8%Jan 22 4:00 PM EST

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From: jimsioi1/7/2008 2:58:32 PM
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Looks to me like we'll see a long flush out...

About $1.80 lower in GLD there's a gap...break of the operative short term trend line ought to provide the impetus for a move down to that level....Another down day in Crude, another up day or two in the dollar and that's about where I'm thinking GLD's unwinding will take it....83 basis GLD...about 840 spot gold..

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About 47-47.50 would be my hunch for GDX in the case of such a smack down...
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General market looks feeble...

Trend line break and negative cross on the XLE...

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OIH (oil services) looks likely to come slammning down to its 50 day moving average with negative divergence in the RSI and MACD to price...
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off 53 now on the DOW 30....look out below.....There ain't no gold stock, general equity stock decoupling today...
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