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Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (16195)	11/6/2004 5:26:40 PM
From: SwampDogg	Respond to of 60908

Richard Russell stated well over a year ago that when gold really took of that not many would be on board when the train left the station. Based on the lukewarm sentiment towards gold right now this may be the time that things really take off. What this new high in gold has done IMO is to probably eliminate the Prechter view of one more low to come in the POG (below $250) Worst case scenario now seems to be that this is a 'B' high and a 'C' would take the POG down one more time to the $340-$360 range in the coming months. Pretty easy to track this as any trend breakdown now would strongly point to this potential playing out. If we are going to rally here $480 seems like a logical first target in the next few months. Nice Xmas present. Really doesn't matter which way this goes. It it rallies lots of money is made right now and if it has another dump more money is made later. IMO a multi year bull market in gold has been confirmed. it is just a matter of whether there is a nasty dump coming in the ST. Seasonality would say we probably are ready to go higher and that 2005 will be the year for gold. One might predict that gold may be on the cover of a major U.S. news magazine by this time next year.

To: gold$10k who wrote (16195)	11/12/2004 10:39:43 AM
From: gold$10k	Read Replies (1) \| Respond to of 60908

It would seem that HUI's performance is being held back by the presence of SA golds (which I don't own). This would make XAU a better indicator for non-SA gold stocks. stockcharts.com[w,a]dacayyay[pb50!b200][vc60][iUyb20,2.0!La12,26,9]&pref=G stockcharts.com[w,a]dacayyay[pb50!b200][vc60][iUyb20,2.0!La12,26,9]&pref=G My view is that XAU and the POG have already broken out and are consolidating above support (previously resistance) in preparation for a major rally, BWDIK. vt