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


To: loantech who wrote (17992)9/2/2005 2:59:30 PM
From: TrueScouse  Read Replies (1) | Respond to of 18308
 
Tom:

The 50/200 day moving average crossover on the HUI took a bit longer than I'd expected but it's happened today...

stockcharts.com[w,a]dhoayyay[d20050202,20050902][pb50!b200!d20,2][vc60][iut!Ll14!Lah12,26,9!La12,26,9!Lb14!Ld20!Lyb20,2.0!Lj[$gold]]&pref=G

Although simple, these long term trend change signals are quite rare. The XAU has already crossed, as has the POG. All I'm waiting for is for the POG/POS ratio to start moving down significantly -- below 55 say -- for confirmation that the next leg of the gold bull has started. This ratio has not looked encouraging so far...

stockcharts.com[w,a]whlayyay[pb14!b52][vc60][iut!ll14!lah12,26,9!la12,26,9!lb14]

Either way, I still expect the basic MA crossovers on the HUI and XAU to bring some big money into the majors over the next couple of weeks.

Best regards,
Howy

Best regards,