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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (34348)	12/10/2003 11:11:03 AM
From: nspolar	Respond to of 36161

Yo! I happen to presently think POG is heading to 440 area before it corrects hard (and then it may not correct too hard). Probably a little minor correction before then. I don't presently think it retraces back below 400, if so just a tad. It is in the EW. The waves on the HUI have been lengthening out, with time. Hopefully this next one, which should be (and always was) in the cards, will do the same. Just my present read. But we have to see of course. This gold/silver run has nothing to do with supply/demand of the commodity. It is all about currency issues, and the fact that the two are being valued as a currency. The currency problems are not going to magically recide, so as I see it the issue is yet to get more intense. It appears the rate of progression has picked up speed. imho. But nothing goes straight up, and as JS says a frency curve bends over on itself.