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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (30856)	8/26/2011 4:49:24 PM
From: stuffbug	1 Recommendation Respond to of 48092

rationale = proprietary indicators But I will give you a rationale for upside gonzo gold stocks . Look at a Weekly Chart of the HUI Index from October 2006 through September 2007 - beautiful horizontal channel - range bound between 370 and 270 - when the index turned up in late August, it powered up to over 500 by March of 2008 - when it topped out, the HUI was up over 80% from the August lows Since October 2010, the HUI has been range bound between 490 and 610 - a similar bull market would power the HUI well over 800 Next week could be the big start. A weekly close above 610 and we will be off to the races. This also ties in with what Jim Sinclair has been saying the past few months. A weekly close above the April highs will trap the Gold Share Shorts. I suspect there are a lot more shorts than in the autumn of 2007.