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


To: gold$10k who wrote (9757)4/15/2003 3:50:31 AM
From: jimsioi  Respond to of 39344
 
valutrader, re-reviewing my bearishness

A number of miners do indeed look like they have made bottoms. Silver's like PAAS especially looks healthy.

Doubt we'll see a 30% haircut from here to retest the lows in RANGY.

On the HUI, which way we go the next two days ought to be key in the short term. Yesterday was an inside day and the RSI and the DMI are just about to give a signal. A new low??? If the DOW goes over 8500, the dollar stays above 99, and CRUDE falls to $25, I suspect we'll be rattling around near those HUI lows recently made as GOLD skids through $320. I see that script as increasingly possible now.

Signals for me start to go more negative with weakness from here in shares and commodities with the possible exception of Natural Gas. Have to reduce exposure in short term positions accordingly. Having some difficulty figuring out which positions those will be, however.

As always, appreciate and respect your views.

HUI Daily
stockcharts.com[h,a]dbcaynay[dc][pc50!c200!c20!c13!f][iut!Ub14!Ll14!Lh14,3!Ll14!Ld20!Lya7,14,28]&pref=G