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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (49037)	9/15/2007 12:22:19 PM
From: rubbersoul	Read Replies (1) \| Respond to of 78432

I read that Hamilton piece last night. It's one of his better ones: "The bottom line is the HUI is now technically in position to launch its next massive upleg, its fourth surge to new high levels scarcely yet imagined in this bull. If you run the HUI upleg cycle average gains off of the recent August interim lows, it yields incredible HUI targets ranging from 580 to 700! And such uplegs have only taken about 6 to 12 months to unfold in this bull, so if historic precedent proves prophetic we won't have to wait long for legendary gains. While the technicals alone are compelling, the unique position of gold today really ramps up the probabilities that the next major HUI upleg is imminent or already unfolding. Miners can't keep pace with gold demand growth and the big autumn buying season is approaching. And all-time US dollar lows could drive gold investment demand the likes of which we haven't seen in decades."

To: loantech who wrote (49037)	9/15/2007 12:49:27 PM
From: TH	Read Replies (1) \| Respond to of 78432

Slan, Interesting you were attracted to that piece also. I read it yesterday and think it is spot on. My guess is a lot of tired goldbulls and goldbugs are going to get shaken on this move UP. I'm holding miners through the Fed announcement. We might get some shaking Tuesday afternoon, but I do not think it will last long. 1/4 Fed cut, 1/2 discount cut, and softer language about <responding to changing conditions, blah blah>. All good for POG and for miners. I like to look at it a little differently than maybe some of the less confident in this recent move. I ask, what data is missing that would be more supportive of this pending POG/miner move? I can't think of anything short of a public announcement that China (or pick another player) is selling dollars for gold. And truthfully I would consider that type of thing more bearish than bullish as I think officials often do exactly the opposite of their stated intentions. GT TH