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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: Box-By-The-Riviera™ who wrote (92823)	6/24/2013 11:23:10 AM
From: ggersh	Read Replies (1) \| Respond to of 119362

That is more than likely the $64trillion questions... can abe/kuroda and the benny band of merry men everwhere from dc to shanghai, take it all back and pretend, it didn't happen? who is in charge? I thought the Dollar was needed somewhere in the equation

To: Box-By-The-Riviera™ who wrote (92823)	6/24/2013 12:28:10 PM
From: Roads End	Read Replies (1) \| Respond to of 119362

In 1999 gold bottomed at 250 and 9 months later HUI bottomed around 35 for a gold to HUI ratio of 7.2. Even if gold bottomed right here today HUI would have to drop another 20% to match those ratios. Gold drops to 1000 and HUI becomes 139, another 37% down to match the relationships 14 years ago. I don’t know where gold bottoms but I would expect the gold / HUI ratio to hit the 7.2 range again which is to say gold stocks are still over valued today relative to the price of gold. It is also to say the sage gold guru Lance Lewis , know affectionately as Lucretius to long time SI’ers will have validated his most sacred rule in his rule handbook. The all gaps must fill rule held sacred by him each time GDX gapped up has to fill at 19.45. The gap left at 23.42 came within a whisker of filling this morning. It’s too bad he choose to make exceptions to his own rule. Don’t get me started on the bearish side of where spoo is going but a hint starts with both gaps at 813.62 and 826.42.