Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Berry Picker who wrote (38)	8/18/2003 8:27:08 PM
From: Little Joe	Read Replies (2) \| Respond to of 29622

I took a close look at most of the gold stocks on my TC2000 system. It is very apparant to me that the correction has begun. I am inclined to think we are going into a two week period of weakness where the HUI will test its breakout point. I would expect the HUI to test the 150 to 160 area, before the seasonal strength which should begin in early September will begin. I am also going to be dumping some of my trading postions, but I am holding LT. Todays action in the dollar will cause me to sell my foreign stocks which I bought as a hedge against dollar weakness. I am also buying an index fund, as I think today's action in the market signals the rally isn't over yet. Good luck to all of you intrepid traders out there. Live long and prosper. Little joe