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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: RJA_ who wrote (6748)	5/24/2006 8:04:52 PM
From: Moominoid	Read Replies (1) \| Respond to of 217813

Thanks for info - may investigate further. What I read before was that the yield looks high on the income trusts because they are non-renewable resources... so far they have been buoyed by a rising oil price. In the absence of that the value of the share would be expected to decline. On Gold - yeah the P&F comes up with $560: stockcharts.com Based on EW I am assuming that we now have 5 waves down on GLD: stockcharts.com Assuming that the full correction is a simple ABC zigzag then 58-59 which is around where my 34 day BB is would be the expected target. In the meantime there should be a tradeable B wave. I guess $56 ain't too far from there. If this count is right though we shouldn't be going below there: rpi.edu Upside of a lower gold price is it will help some hedged miners get out of their hedges safely.... of course it might induce some to add to them :(