Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?

To: ftian who wrote (1604)	8/8/2008 10:28:57 AM
From: ItsAllCyclical	Respond to of 3209

We're not there yet on the HUI/GDX. We still have at least another 5% lower from today's levels and likely more as we overshoot support on various issues. 850 gold is going to snap like a twig. Until that happens and until you see how the stocks react it's pointless to call a bottom imho. Oversold rally could occur from today's levels of course, but don't think it'll last very long. Russia news may muddle the picture ST, but not an IT reason for support.