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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: jjkirk who wrote (10362)	10/13/2002 2:51:43 PM
From: lisalisalisa	Respond to of 30712

OT-gold... thanks for your TA work. Sorry I did not get back to you sooner, I was away from the computer the last few days... HL held up better than I expected considering the large late day spike it experienced on friday... So far so good w/ respects to HUI bounce of it's 200 MA. The broad market rallying along w/ HUI reminds me a bit of the July HUI bounce. Despite many peoples feeling that gold stocks move inversely to the broad market it seems to me the HUI has done better when the general stock market has a sideways or even upwards bias. HUI basically doubled in the spring then went down sharply as market crashed in summer. It then rallied along w/ stock market in August, sold off w/ market again lately and so far seems to be recovering as market experiences what looks like a bear market rally. As long as the HUI does not break 200 MA severely, I will hold my golds until they are overbought-or another noticeable divergence emerges between POG and the gold stocks. Like Mish, RGLD was not on my radar, don't know why. It has that obvious reverse head and shoulders on the charts and has held up very well during the gold stock correction. Nice job. I do not know about it's fundamentals, but seem to have missed the boat on that one... take care..