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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: crustyoldprospector who wrote (7980)	2/19/2003 10:47:01 PM
From: jimsioi	Respond to of 39344

Crusty, MDG, others and Gold's position. Appreciate your quick take on the various miners. Tend to agree with your overview of each. GLG's earnings came out the other day and the stock seems "rich" to me with much built in for reserve and production additions. None of which will likely keep it from participating in the type of move you foresee. In looking over the Gold charts I notice one feature of Gold bottoms that has been consistent for some time. Turns are made after a low established about five trading days before is taken out and a strong close has ensued. See Gallemore's continuation Gold futures chart, now with flattening negative trend indicator and some cooling obviously of the negative momentum with Wednesday's action. chartingyourfutures.com and the following shorter term daily chart futures.tradingcharts.com Again it strikes me that turns have come after recently established lows like this week's at $342 are taken out and then reversed with a good close. Should something similar develop at a time when gold shares have been outperforming bullion I'd be ready to increase HUI miner exposure. Meanwhile I'm prepare to keep watching. Also tend to agree with your time frame....April/May for the next zenith in Gold fever... jims101