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

To: jimsioi who wrote (12664)	6/18/2003 5:14:26 PM
From: jrhana	Read Replies (2) \| Respond to of 39344

To me (the non-technician)that HUI chart looks like it wants to explode on the upside Yesterday junior Chinese stocks Message 19040850 tomorrow the HUI <g>

To: jimsioi who wrote (12664)	6/18/2003 9:12:08 PM
From: Kaena™	Read Replies (2) \| Respond to of 39344

Anyone notice the impressive volumes on GG and KGC yesterday? Some are advancing on strong volume and others on lighter volume giving us mixed signals. MACD gave us a buy on gold on 6/13. stockcharts.com[d,a]dacayyay[db][pb50!b200!b18!f][vc60][ila4,10,3!lm12!lb14!lya7,14,28]&pref=G. Now if we can get above Saville's 18-day moving average for confirmation. The HUI and XAU indices have been in classic triangular continuation patterns. On the HUI for example, stockcharts.com[p,a]dacayyay[de][pb200!b21!f][vc60][iut!Lb14!Lm12!Lya7,14,28!Ld20!Lp14,3,3!La12,26,9]&pref=G draw a trend line connecting the 6/04/02 and 9/19/02 tops then the 7/26/02 and 11/22/02 lows and you'll see the pattern busts out at the end of the triangle to test the top then retreats back to the apex and then goes right back up to close above the high . Does anyone know the volume on the HUI yesterday? The XAU on the other hand has yet to test its high and needs to close above 83 on heavy volume (25 million plus). We've been consolidating for a year now and the next leg up looks to be a monster. But of course the big question - do we continue to go up from here or do we correct into August? It seems to me that we'll soon know as the HUI and XAU are at the make or break points. Then again, the dollar continues to consolidate in the .92-.94 range and this could go on for a few more weeks.

To: jimsioi who wrote (12664)	6/18/2003 11:32:33 PM
From: LLCF	Read Replies (1) \| Respond to of 39344

Plenty of room for a possible dollar bounce as well... the action in the PM stocks shows how, slowly, bulls can be separated from their shares. The keep 'looking' like a good sale [and usually are short term at these times]. Going to be interesting going forward... a big $US rally vs Euro could be the last lull in the gold bull before some real fireworks IMO. True to form, the correcton/lull will make us all want to sell. DAK