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

To: bullbud who wrote (8103)	2/27/2008 10:12:53 PM
From: SliderOnTheBlack	Read Replies (3) \| Respond to of 50190

re: ["OK, so when are the miners gonna wake up???"] The HUI gold bugs index actually hit a new all time high today. Gold stocks are not fundamentally cheap on an earnings basis here. And that's why we've seen backing & filling in so many other commodities and ETF's. Now that the back & filling has been done in the laggard commodities - the momentum players will start bidding up the miners again - especially with the technical break to new all time highs in the index. On this leg (starting off the August correction) the HUI gold stock index has outperformed gold on each interim top. Interestingly enough - silver has also outperformed gold on each interim top... per the chart below: If we get another .50bp cut from Bernanke in March, I think the HUI index has another 20%+ in it - which will take it through HUI 550+. I still like GOLD, KGC & GG as my trades and I would add AUY to that group. Performance-wise, they have significantly outperformed the index. Here's the performance of the individual HUI component stocks since the August, 2007 correction lows: Top 5 Middle 5 Bottom 5 Come on Ben -- we need another .50bp's. S.O.T.B.