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


To: gold$10k who wrote (26610)1/25/2003 3:47:14 PM
From: ItsAllCyclical  Read Replies (2) | Respond to of 36161
 
XAU vs HUI comparisons, 6 month, 1 year and 2 years.

6 month

finance.yahoo.com^XAU&d=c&k=c1&c=^hui&a=v&p=s&t=6m&l=on&z=m&q=l

1 year

finance.yahoo.com^XAU&d=c&k=c1&c=^hui&a=v&p=s&t=1y&l=on&z=m&q=l

2 year

finance.yahoo.com^XAU&d=c&k=c1&c=^hui&a=v&p=s&t=2y&l=on&z=m&q=l

I agree on the breakout of the XAU (at least to a near term target of 90). If you look at the 6 month comparison it's almost a perfect match with a very slight outperformance of late by the HUI. I expect the HUI outperformance to continue. XAU to 90 would give us a bear minimum to HUI 160 to 165, but I expect HUI 180-190+ on this move. Most likely scenario will be a gap over resistance followed by a 10-20 point run and then a pullback and retest of 155 before running to the final target.

Conversely if the XAU runs to 90 without an HUI breakout I will lighten my positions.