Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: RonMerks who wrote (2468)	9/25/2006 10:53:03 AM
From: paul ross	Respond to of 50730

HUI close to where it started the year at 276.90.....if this rally in gold is anything like that of 1986-90 and 94-96 we will see a significant correvction of 40-50%...something we have not witnessed from 2000 low around 250....and even in 86 and 96 we saw rallies after the 50% retracements to back close to the highs (2nd chance)..this was even in bear markets rallies of those days...the only thing different to me at this juncture is that the rallies of 10 and 20 years ago saw a lot more public entrance into market at the highs.Jr gold and silver stocks had significant rallies and frenzied interest ....something this gold market has been devoid of...I agree we'll most likely see mid 400's on gold....then a 2nd rally at least close to matching the 6/2006 high....then after that ???......don't quite see a strong H&S on your chart