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Strategies & Market Trends : The Ego Forum

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To: TH who wrote (6718)	3/2/2010 2:32:35 PM
From: hubris33	1 Recommendation Read Replies (2) of 12175

>>>Short term I see a coil in gold that may explode if the Dollar rally runs out of a bit of steam and retraces a bit.<<< I think we had about the same idea. Take a look at this chart of the HUI. It shows the price of the HUI for two periods: from the low of 5/16/2005 through the point where it finally broke out of its trading range around 11/06/2007. The second line is the recent period where POG started its rally from a low around 10/27/2007. Point is that after such a large run up in 2005 the HUI took many months of sideways chop to resolve itself and make the next rally up. Is it different this time? H3

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