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

To: ldo79 who wrote (34737)	12/23/2003 3:07:19 AM
From: nspolar	Respond to of 36161

Ido, I am feeling a little naked, owning but one SA gold. I really like what Drooy did today. The LT chart did not break and looks awesome imo. The Rsi is my favorite all around indicator, and on both the monthy and weekly it is headed up, and during this whole schmel it never did break down and out. Fundamentally I still think it possible that the dollar bottoms in the low 80's, rebounds, and LT rates head up. This could do wonders for the rand/gold relationship. Let us hope so. It would not send gold in dollars into the tank imo, but would probably induce a long sideways correction of some sort. Sometimes we hone in on one or two things ... I happened to look at the TA on the XAU, and it looks decent here imo. Better than the HUI by far. Makes me hopeful this correction is just that, and winding down. I've felt something wrong with my last HUI count, but have not known what. So I wait. The HUI has not really broke any channels, but I don't feel too comfortable here either.