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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Yogizuna who wrote (5124)5/18/2006 8:16:56 PM
From: Wade  Read Replies (1) | Respond to of 48092
 
Nice Chart. I didn't catch your chart, but my chart told me the same situation. However, I believed USD may not make any meaningful rebound from the bottom, therefore, I over-ruled the chart signal. LOL

Now, USD still looks very sick and lack of strength to rebound. We shall wait and see. Gold was over bought that is for sure. The correction is very reasonable, however, many gold stocks are way over sold today. There are some really good bargain producers out there even at POG $500.



To: Yogizuna who wrote (5124)5/18/2006 8:41:48 PM
From: Louis V. Lambrecht  Read Replies (3) | Respond to of 48092
 
That Dollar index chart is depressive ... err ... deceptive ... err ... depr ... err... well, it looks more down then a one year chart.
Take the H&S and you have a target of around 84 where we are now.
Hence, as usual, a dead cat bounce to be expected.
Some can jump high <g>