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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 378.38+2.7%Nov 10 4:00 PM EST

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To: gregor_us who wrote (16177)11/15/2008 8:32:26 PM
From: jimsioi  Read Replies (1) of 29622
 
BOB HOYE interview - a good one...

Recommended listening....bullish gold and even more so its miners. Bearish bonds though later in the interview that gets a bid confusing....Also bullish the general market for a rally into about March.

It would seem pretty obvious that if Gold can get over $760 and the ETF (GLD) over 75 then the miners in the group chart below (GG KGC AEM and PAAS) will take out the highs of the last seven days and begin an assault on over head resistance.

A dollar break below 85 is likely imperative to this happening...

stockcharts.com|B

KGC has displayed the best relative strength having been above its 50 day moving average at one point last week and currently the most above its 20 day moving average.

A closer look at KGC...
stockcharts.com

GLD broke down out its triangle last week, pulled out its October low as the SPY did and rallied back into the triangle...
stockcharts.com

The fact that commercial net shorts are very low levels now has to be heeded.
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