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


To: gold$10k who wrote (12029)2/15/2008 2:25:59 PM
From: jimsioi  Read Replies (1) | Respond to of 29622
 
Accumulation? Not what I see on the 60 minute chart

A/D line is falling with price...seems actually to be a little negatively divergent..

stockcharts.com

Commodity Stock Index looks better but it ran up to its short term roof ....

stockcharts.com

XME (ETF for Metals and Miners) has a triple top at 71..
stockcharts.com

GOLD Miner ETFs may be building up for something but its not where my money is going currently. Not an outperforming group by any means... Reduced GLD position by 1/4...Technical pattern still suggests downward consolidation....to me.



To: gold$10k who wrote (12029)2/15/2008 4:18:49 PM
From: loantech  Read Replies (3) | Respond to of 29622
 
Who knows I am just posting this. Your thoughts?From gold eagle

HUI 856 by August 2008
(vronsky) Feb 15, 11:11

The above forecast is derived from the following:

NOW IS A SCREAMING BUY SIGNAL FOR PM STOCKS

If you very carefully study this long-term chart, you will be forced to conclude this is the 7th strongest HUI BUY SIGNAL since 2000.

The BUY SIGNAL is triggered by the GOLD/XAU ratio rising above 5.20. This occurred 6 times in the past, and again this week.

stockcharts.com

Below I have complied the percentage HUI rose subsequent to each of the first 6 events of the GOLD/XAU ratio rising above 5.20. I believe it is reasonable to assume that HUI will again rise an amount equal to the average of the first 6 occurrences. Here are the data.

Date Buy Signal………..Chg in HUI……..Period HUI Rise

NOV2000……………………..+129%..................6.0 months
NOV2001……………………..+162%..................6.5 months
AUG2002……………………… +63%...................5.0 months
APR2003……………………… +84%...................6.0 months
MAY2005……………………..+108%..................8.5 months
AUG2007……………………… +63%...................3.0 months

Averages……………………….+102%.................5.8 months

Based upon the above empirical data (and 424 Feb low), the following forecast is made:

HUI = 424 X 2.02 = 856 by August 2008

Do we all have enough invested in some form of precious metals?