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

To: 4figureau who wrote (19630)	9/29/2002 5:13:39 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 36161

I just dont believe gold will be released unless/until: - serious resumption of USdollar decline - majority of gold industry hedges are covered, resolved - derivative incident or incidents I think #1 occurs this late autumn after elections #2 wont happen until late 2003 #3 could be imminent with JPMorgo implosion I believe gold is the glue abused within the network of most derivative contracts, the easily drawn upon source of stolen capital I love your style of bringing forward in boldface the plum item within an article / jim

To: 4figureau who wrote (19630)	9/29/2002 6:01:40 PM
From: jimsioi	Respond to of 36161

Gosh, I hate to be so bearish but... Looking daily charts of the likes of HGMCY MDG GLG I come away with the feeling that unless the dollar moves lower significant Monday and the stock market is weak these miners and others are going lower. MDG - five days of distributional volume and all indicators pointed lower. siliconinvestor.com "Make no mistake, the gold price must go higher for the shares to keep performing," says Bishop, who has been following gold companies for more than 30 years. Absolutely correct, and now long term capital gains are in play and those holders will be a weight on advances. Look at the valuations in this research report....maybe they miss the boat and are misleading, but the picture they paint is one of high valuations unless the gold price is significantly higher. researchcapital.com HUI - little positive curls came through in the RSI DMI and Ultimate on Friday but current values are below declining shorter term moving averages and the 50 day. Failure to quickly and smartly extend Friday's move and the thing goes quite bearish. I see the 200 day ema coming into play. stockcharts.com[h,a]dbcaynay[dc][pc50!c200!c20!c13!f][iut!Ul14!Lb14!Lya7,14,28!Ll14!Ld20!Lya7,14,28]&pref=G Again a sharply lower dollar and a sick general equity market might save off a decline, here, or a further down in the form of a one day cleaning or retesting spike at quarter's end could be healthy if it quickly reversed, but those are "hopes" in a deteriorating technical picture in my opinion. Frankly, I'd prefer to be wrong at this cross roads as I have a miner position still, and maybe just maybe we rally hard early next week in face of the odds, making the pull back of the last week a pivot point of significance. Again the "hope" is in the prospective weakness of these two charts. P&F USD stockcharts.com[PA][DA][F!3!0.15!]&pref=G P&F S&P 500 (SPY) stockcharts.com[PA][DA][F!3!1.0!]&pref=G