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To: loantech who wrote (389409)	6/26/2009 11:33:35 AM
From: Real Man	Read Replies (1) \| Respond to of 436258

Here is what I used. GDX actually marginally outperformed hui, but overall the picture is quite clear. Over 6-month time frame the two have nearly identical profit. I am invested in some individual miners in addition to mostly hui tracking, but the latter seems to be easier with GDX. The gold bull should resume later this year, given all the printing. If the major resistance slightly above 1K is taken out, the projection for POG from inverted H&S pattern is to around 1300-1400. Probably will be reached by February, and July is likely the last month we'll be seeing gold this low. Maybe August. I don't expect POG to get much lower than low 900-s, maybe as low as 880, but who knows. Of course, nothing says gold can't take off right now. <G>