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

To: CusterInvestor who wrote (54455)	12/20/2007 1:33:09 PM
From: Mr. Aloha	Read Replies (1) \| Respond to of 78410

Yes, actually Aug. 16. Hopefully MMG will avoid joining all the rest, and this is a successful retest of the low and a nice double bottom/higher low. This has been a brutal market for juniors, but I think things turn very soon given the seasonality, the end of tax loss selling, and lots of buy signals: goldstockbull.com Perhaps the most reliable buy signal for the mining sector is the Gold/XAU ratio, which just hit a buy signal: hussmanfunds.com “To put some historical context on this measure, since 1974, the Gold/XAU ratio has been greater than 5.0 about 15% of the time. When the ratio has been this high, the XAU has followed with annualized gains of 89.6%, on average – a figure that remains high even if the data is split into multiple samples. When the ratio has been greater than 4.0, the XAU has followed with average annualized gains of 27.4% (though the finer profile of returns has been sensitive to other conditions such as interest rates, economic trends, and inflation). In contrast, when the ratio has been less than 3.0 (meaning that the gold stocks are very elevated relative to the actual metal), the XAU has declined at an annualized rate of -36.6%, on average. Here's the Gold/XAU ratio chart, showing it just hit over 5.0:

To: CusterInvestor who wrote (54455)	12/27/2007 10:55:52 AM
From: Mr. Aloha	Read Replies (1) \| Respond to of 78410

Over the last week, MMG has rebounded nicely from that August low retest (came within 5 cents), and now has a nice bid at $2.50. With a higher low on MACD, too, along with CMF money flow turning positive after the sector collapse the last couple of months, the chart is setting up very nicely for the coming year, during which a lot of positive news should come out from the zinc feasibility study (while zinc likely reboundes) and the aggressive silver drilling program: