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To: Shack who wrote (134251)	7/11/2006 9:36:49 PM
From: Henry J Costanzo	Respond to of 209892

HUI...Agree, Shack... GLD looks even more clearly IMHO in (v) of 3.

To: Shack who wrote (134251)	7/12/2006 1:33:04 PM
From: NOW	Read Replies (1) \| Respond to of 209892

Shack: assuming your correct that the MAy correction is done, what is your higher count? The May coorection was a large ABC what? And what would change your mind? breaking below early June lows?

To: Shack who wrote (134251)	7/13/2006 9:39:02 AM
From: sitkapacific	Read Replies (2) \| Respond to of 209892

As we discussed a few weeks back, I believe the May correction is complete and I think the HUI goes to new highs. Hi Shack, I agree that the correction from the May high to the June low is a clear A-B-C, and that is could be over from there. But I think there is a lot of evidence suggesting that that decline will end up being only a wave A of a larger A-B-C down. In the "evidence" category I would note: Silvers underperformance relative to Gold; the HUI's recent struggle with it's 61.8% retrace, and other Fibs in this rebound; and the likely decline in the general market (which I think is likely to last into the autumn). That may not amount to much outside of my own little world, but for me its enough to wait for the fall to re-enter the sector. After that final wave down I agree it will probably be on to new highs. Just my $0.02, Brian