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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: longdong_63 who wrote (20792)	2/3/2005 10:24:05 AM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 108713

We've broken below those levels before and still rallied back to make new highs. I don't think gold 200 sma is as significant as the Euro breaking 1.295 on a closing basis. Cause and effect. I think gold is the effect in this case. stockcharts.com[g,a]daclyyay[df][pb200!c200][vc60][iUb14!La12,26,9][J43952574,Y]&pref=G I still think the gold bull is very much intact if we stay over $370, but I'd like to see us go no lower than 385-390 area which seems reasonable. I really like the way gold stocks are acting right now, but the Euro continues to worry me greatly (ST only). I originally held a core PM position under the belief that the YEN would take up the Euro slack. Now the YEN is breaking down, but the Euro is still holding...for now. Torn between ST trading and LT trading here. Right now, my current swag is that we'll get some sort of ST rally back to 210 HUI followed by another dip to 190 or less. (Assuming Euro holds today). Otherwise it's back to 180-190 again.