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

To: patron_anejo_por_favor who wrote (14862)	9/10/2008 1:08:11 PM
From: ItsAllCyclical	1 Recommendation Read Replies (1) \| Respond to of 29622

I see almost nothing concrete w/the exception of volume on some big caps to suggest that the low is here. The HUI/Gold ratio is not a good ST timing tool. It's been quoted the whole way down. I'm partially in here given the FA backdrop w/FNM/FRE and the Dollar near a ST peak. I won't mind being wrong, but I see nothing that makes me want to add to my existing positions today. Gold is in no-man's land and likely has a trip down to $700. The most likely scenario ST is that the general markets at some pt make new lows in the next 1-2 weeks and PMs/Gold follow. Eventually as we know they'll decouple again, but for now it's just hope. My existing PMs positions are approx 50% hedged here. Easier to hedge vs sell and buy back. I went against my own judgement (wait for gold drop) and was impatient and got back in too soon. Sounds a bit like waffling, but just being honest w/myself.