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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (1241)1/12/2004 10:19:49 PM
From: Wade  Respond to of 48092
 
I run a linear regression line on a 24-month USDX chart. The results indicated that the potential rebound from today's close, 85.58 is to cross over the linear regression line to the range of 90 to 92 in about 1-2 months. However, Bolliger bands using 15-day ave, 20 std deviation, we may see 89 and still within down trend direction. I think it is still too early to determine if this is the turning point. Time will tell.

Back to the GPS charts.

POG/SPX is still above 50-DMA and in the trading range:

stockcharts.com[w,a]daclyyay[dc][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

XAU/SPX is within trading range, but slightly below 50-DMA and may be drifting downward:

stockcharts.com[w,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

XAU/Nasdaq is within trading range, but below 50-DMA and looks sick:

stockcharts.com[w,a]daclyyay[df][pb50!b200][vc60][iUb14!La12,26,9]&pref=G

XAU/HUI lost the momentum from HUI stocks:

stockcharts.com[h,a]daclyyay[dc][pb200!d20,2!f][vc60][iUb14!Uh15,5,5]&pref=G



To: Wade who wrote (1241)1/13/2004 12:44:42 PM
From: Yogizuna  Read Replies (1) | Respond to of 48092
 
Gold is in a major bull market until proven otherwise, but in my opinion, it needs a healthy correction, as does the stock market....