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.

Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: crustyoldprospector who wrote (1601)	10/8/2003 1:24:51 AM
From: A Horse With No Name	Respond to of 108713

very nice chart. but why are you so sure that there would be a correction to 3.25? here is a chart which looks similar and kicked the resistance in the teeth when it got going. finance.yahoo.com also according to saville there is a disconnect between the dollar and gold with the lag time being 6 months where gold peaks before the dollar bottoms(so its not a 1 to 1 relationship). you are also assuming that the dollar is going straight to 80 without a substantial rebound. think you are reading too much into it.

To: crustyoldprospector who wrote (1601)	10/8/2003 10:28:20 AM
From: isopatch	Read Replies (1) \| Respond to of 108713

Crusty. Good points. Very ST, positive having loaded CDE yesterday at lower prices. But I agree there is still a significant probability of further correction from the recent top @ HUI 210, down the road a bit. So, although carrying larger PF allocation in the precious stuff than 2 weeks ago, still closer to the lower end of the %age range of what I like to have in the PM stocks. BTW, like your EW and other analysis work. Glad you have some time to contribute to the thread. IMHO, your work adds value to the discussion. Have you worked much with the energy stocks over the years? TIA. Isopatch

To: crustyoldprospector who wrote (1601)	10/8/2003 10:45:21 AM
From: yard_man	Read Replies (1) \| Respond to of 108713

I don't think you can look at that in isolation -- if the dollar is at 80? -- where is gold with respect to other currencies and who says the dollar is going promptly to 80 - Also, USD could dither around in the high 80's for some time and POG could move higher. Don't get me wrong, I think it is good to look at the ratios -- but more germane is the ratio of gold to other major currencies now -- esp euro -- as it has not broken out in the euro and folks over in europe are not as averse to buying gold ...