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Strategies & Market Trends : Longer-Term Market Trends

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From: morokko658/6/2008 1:56:30 PM
   of 3209
 
XAU & $POG LT charts:

XAU monthly hitting lower channel from 2001:

stockcharts.com

$POG hitting channel support as well:

the-privateer.com

I covered a gold short yesterday, leaving 10% on the table (SPPIX) and added incrementally to UNWPX & TGLDX. still keeping an eye on Allan's chart, which suggests another 10% down on the PM indices (HUI chart)

some of my really down & out juniors are showing preliminary signs of life. after a few years of underperformance, maybe the "dog" juniors lead on the next tradeable move to the upside:

CDE weekly looks promising:

stockcharts.com

another one I follow:

stockcharts.com

many of these juniors did not participate in the June/July secondary peak in the HUI at all
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