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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (471)	8/24/2005 12:11:54 AM
From: nspolar	Read Replies (1) \| Respond to of 50652

Slider, re "Gold needs to lead other commodities" "Stocks need to lead the metal" The actual comparisons are shown. At the big bottom the HUI definitely led. Since then that is not so obvious, to my eye. As to the recent turn, it would appear the HUI led by a hair, but not many. The scales on these charts are left to software - i.e. I could adjust them, so they show similar slopes from one trace to the other, but who knows what would be true justice. I think it is the turns that are important. I just visually looked at some comparisons of gold, XOI, and the CRB a while back. I was surprised in that over the last 3 years I think gold correlates better to the CRB than does oil. But I did not put any mathematics to it. The second chart includes the XOI, which has been on fire. Fires usually run low on fuel at some point. ttrader.com ttrader.com

To: SliderOnTheBlack who wrote (471)	8/24/2005 8:43:59 AM
From: Frank Pembleton	Read Replies (2) \| Respond to of 50652

Slider... I'm not so sure gold should be played as something that leads or lags anything-- you're painting broad strokes here by making these kind generalisations ... the market moves too fast for that kind of thinking. Let me ask you this, is gold a commodity or is it a currency in your mind...? Should it not be played independently from everything else...? By the way, I think your 190 target is plausible, but don't get too torquey with your short positions because when it does hit your target, it'll hit it in slow-mo while you're being stopped out because of the volatility. There's no trend strength (in either direction), and the volume is non-existant-- IMO, smart money is not selling. If nothing else gold stocks are a "hold."