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


To: russwinter who wrote (20886)9/21/2003 5:41:03 PM
From: jimsioi  Read Replies (1) | Respond to of 39344
 
HUI looks to be in a 5th wave...

Don't proclaim to be a Elliot waver but the pattern seems to be pretty clear....we're in the 5th wave up...5th's
don't seem to quite have the power I expect and terminate abruptly. Believing that the market's strength is a function of liquidity and just about only that, I am concerned about the comments regarding the reduction of such occurring since Labor Day. My focus will be on the dollar. If it declines further which I think it will unless interest rates rise, which they obviously might, then I stay long the miners and metal at least till the first week of October when the seasonal crests...Then to the sidelines with mainly cash and CanRoys..

Simplistic perhaps....

HUI's five waves
finance.yahoo.com^HUI&t=5y&l=on&z=m&q=l&c=

The XAU might be viewed as "emerging."
finance.yahoo.com^XAU&t=my