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Politics : Gold and Silver Stocks and Related Commentary -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (10533)	4/7/2005 8:28:47 PM
From: seventh_son	Read Replies (1) \| Respond to of 18308

> Incidentally, exactly what is he saying right now? He has been predicting gold to be in a downtrend until mid-May. This observation is based primarily on negative divergence that occured in the MACD. The major gold stocks look like they may be trying to move upward and break the downtrend, but is hard to say conclusively right now. They may be on their way back up but if not, probably weak for another five weeks as well. Thanks for that link to Louis Lambrecht's open interest charts. That is one thing that I have intended to follow that I have been missing. Let's hope that gold keeps moving forward like your other chart suggests. I think that the steady uptrend is no coincidence. Conceptually it seems to me like a mirror image of the steady erosion of the stability and value of the world's currencies major currencies -- the US dollar and increasingly also the euro. SS