Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: TheBusDriver who wrote (16027)	7/19/2002 3:03:16 PM
From: gold$10k	Read Replies (1) \| Respond to of 36161

Wayne, Yes, when the POG is up 7 and the XAU is only up .5, that's a very big disconnect which may indicate other, less visible factors at work. We'll see what happens in the next hour. EDIT: a rise above 71.75 will break the intra-day downtrend line. We're almost there. <g> vt

To: TheBusDriver who wrote (16027)	7/19/2002 11:01:30 PM
From: Little Joe	Read Replies (3) \| Respond to of 36161

Wayne: I think the most important chart right now is the HUI. bigcharts.marketwatch.com It is forming a triangle and there are three things that can happen. If it breaks to the upside soon, we are due for the move up, likewise if it breaks to the downside, look for some short term weakness. If it gets much closer to the apex, it will have no predictive value. On balance, I don't think we learned much today and I continue to keep my powder dry. I am still of the opinion that a possible scenario is that the market capitulate next week and then rally stongly putting the fire out (temporarily). I do believe that long term the market will go a lot lower and gold will go a lot higher. Little joe