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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (89065)	3/22/2001 10:52:15 AM
From: E. Graphs	Respond to of 95453

Long term investors might like to keep an eye on the monthly, which shows a more bullish trend. siliconinvestor.com Also, strong MACD on the weekly.... siliconinvestor.com

To: Roebear who wrote (89065)	3/22/2001 11:22:10 AM
From: SliderOnTheBlack	Read Replies (1) \| Respond to of 95453

XAU & HUI technicals - one last post: 6 mo XAU chart: stockcharts.com^xau,uu[l,a]daclyimy[dc][pb50!b200][vc60][iut!Ub14!La12,26,9!Li14,3!Lh14,3!La12,26,9!Lk14!Lc20!Lg!Lo14] ... unlike the HUI - the XAU's 50 damn is STILL under its 200 dma. I like the 6 month chart on the XAU - showing we're deeply oversold, but with the beginning of a turn off a trough bottom - with the indicators showing a beginning turn off the bottom in the slow & fast stochs, MACD . Williams OSC is also showing deeply oversold. ... fwiw - this is the same technical picture the OSX presented as it pulled out off it's bottom sub OSX 50. Now the HUI chart: stockcharts.com^xau,uu[l,a]daclyimy[dc][pb50!b200][vc60][iut!Ub14!La12,26,9!Li14,3!Lh14,3!La12,26,9!Lk14!Lc20!Lg!Lo14] What I like about the HUI - is that being an unhedged goldbug index - it's 50 dma is above it's 200 dma - showing the early leading move that it should make ahead of the XAU. It also, like the XAU is still in a deeply oversold area - but; very positively has it's 50 dma over the 200dma. Technically - all I am watching is for the HUI's 50dma to break under the 200dma - that's where I would stop out. But; bottomline - GOLD's move; especially in this incredibly violent & volatile economic & market environment will be also violent & swift - no one will know when it comes & more than likely it will come off a "Crisis" type of event & you will have to allready be in - to catch much of the intial move. The Gold moves in these environments have nearlly allways been "V" bottom moves. Given the historical fundamental valuation bottom we have here - at least an intial LT / portfolio hedged position is clearly warranted. - the nearterm technicals are secondary - the fundamentals & the potential hedging aspect of "BEING IN" is primary; given this market environment. For aggressive traders & investors who see this as a historic cyclical value play - with the hedge & flight to safety potential in this envirnment as merely "icing" on the cake - maintain a core position and just slowly average in on any further weakness & trade a portfolio weighted position on the HUI's leading technicals here - with a crossover of it's 50dma under the 200dma as the "Stop Out" trigger. Gold & Silver look just fine here... and patience in this sectors much broader, but much more violent cycle is all one is going to need.... patience - as in when, not if... ciao ~