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To: blind-geezer who wrote (17884)12/7/2004 6:05:08 PM
From: A Horse With No Name  Read Replies (2) | Respond to of 60927
 
i know it is beginning to look a little scary but things look that way before turning bright. POG broke to a new high, actually its way above its old high and people are still bearish?? i think valutrader in one of his posts mentioned that this kind of thing has happened before when POG broke out from 325 and the miners did not cooperate but after the retest the miners jumped. i think that is whats happening here. at least thats how i am playing it.



To: blind-geezer who wrote (17884)12/7/2004 8:15:40 PM
From: yard_man  Read Replies (1) | Respond to of 60927
 
>>to me the charts clearly don't support higher price in the miners at this time ... of course, tomorrow is another day, and I can only tell it one day at a time ...<<

I think you have to distinguish different time periods -- intermediate to long term -- charts still look good -- short term they look like carp -- take a look at a 3 year chart of HUI and you can see a couple of instances like this were a long term move did not end -- at the risk of being laughed at, I am going to say I don't think we gone low enough for this run to have ended -- we are not going back to this year's lows. Everyone says they crash with the naz -- now, how reliable are naz crash predictions. I'll give you it is a possibility and it is alsp possible that the miners go with it and even outperform to the downside --

We're at a tipping pt -- I don't have a crystal ball either.