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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: Alan Whirlwind who wrote (14405)6/14/2002 6:42:06 AM
From: sea_urchin  Read Replies (2) | Respond to of 82153
 
Al, I agree with you about the NAZ, it's awful.

One picture is worth a thousand words.
stockcharts.com[pa][da][f!3!!]

Apropos the Dow not looking so bad, well, it doesn't look so good, either!

stockcharts.com[pa][da][f!3!!]

If the markets are saying anything, and one has to believe they are, there's a lot of trouble coming.



To: Alan Whirlwind who wrote (14405)6/14/2002 1:33:13 PM
From: Ahda  Respond to of 82153
 
I think this is one great post!

I have kept to charts of stocks I own in the past. The HUI seems to have a strong bottom in. Nas. seems to be a basket case and also somewhat of a mirror image of the XAU/HUI...even the AMEX. If you note on that 1 year chart, Dow doesn't look so bad. Nas. is pathetic and S&P somewhere inbetween.
We've had some important warnings so far this year. Gold stocks and mining indices with solid bottoms in, gold industry consolidation culminating in the spectacular OK Corral showdown between AU and NEM over Harmony, a Dutch bank signaling the time to sell is over, BOE in political fallout for squandering the country's gold reserves, definitive double bottom in gold formed on charts, and metals shortfalls continuing in the midst of world recession. UP from here--not down.

And if gold closes up tomorrow this round of corrections will not see new lows IMO.