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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: jimsioi who wrote (9960)	11/17/2007 6:14:31 AM
From: jimsioi	Read Replies (1) \| Respond to of 29622

Financialsense.. Frank Barbera is bullish gold, thinks low was seen this week. Sees decoupling of resource stocks from general indexes..Sees the good possibility of a quick reversal whip back up to the highs for the BIG Yellow..... Axel Merk says that FASB 157 has been delayed..(We need some clarity on that. Was it, wasn't it; was it totally delayed or partially?) Matt Simmons and Bill Murphy are on this weeks' show... financialsense.com

To: jimsioi who wrote (9960)	11/17/2007 8:54:29 AM
From: jimsioi	Respond to of 29622

Correction: re PM miners and general equities... In a previous post I wrote: "miners of gold and silver have yet to distinguish themselves as an alternative asset class that will withstand the bearishness elements at play in the general market.." The fact is that since the August lows the HUI, and then Gold, has outperformed the QQQQ, representative of the best performing general equity group without the weight of the financials. finance.yahoo.com Both GLD and the HUI made new highs in early November while the QQQQ did not....one instance of superior performance...That these three are joined at the hip is evident, but there clearly has been a slow relative performance decoupling with the PM miners being the strongest... One day will come when the general equities are down and natural resources are up stoutly...That will be the day when Investors finally wake up....Could be a ways out....

To: jimsioi who wrote (9960)	11/17/2007 12:16:55 PM
From: SwampDogg	Read Replies (4) \| Respond to of 29622

I just disagree with you on the last paragraph. As humans we try to tie everything up into a neat little package making sense out of everything. As I am said in the past, gold has rallied in about every environment that one could imagine in the past 6 years including strong and weak markets and a strong and weak US $. It is on its own path to moon and the relationship to general market may be a coincidence. As far as the holdiays go get ready for over $900 by Xmas. Take a look at a 6 year chart of the $HUI. it may be the most perfect chart I have ever seen. A series of bull market moves following by perfect flat or triangle corrections. Didn't really matter what was going on in the general marekt. In each case it was a different set of circumstances. Gold needed to pull back and it will be all the stronger for it. Once again nothing like 1980.