if gold can close above 915 basis spot we have a breakout of this consolidation. the gold/hui ratio is on a long term buy. the juniors are @ 05 levels. the miners are unloved and under appreciated. if you are looking for something to buy, that is in a bull market, then the miners are your ticket

dharma

any way you slice the dollar it is in a long term bear market. it will have rallies, but they too will fail!

Its certainly about time for the miners to get some love from the non-goldbugs. Tired of waiting for that "catch up" game. I keep having to lower my projections for the xau due to its lackluster performance comparitive speaking with underlying metal. I still remember in Feb of '96 when Gold was "only" 417 and the Xau was over 150. Gold now is over twice as high and the Xau is only about 20% higher.

got an email from sinclair and in it, the imf has announced gold sales. this usually has the short term effect of suppressing prices. although it does nothing to the long term trend. dharma

I certainly agree with you on this. However, I think more gains will be made directly in the metals bullion prices vs. the performance of the gold share indexes. The selloff in equities over past few months has really put a damper in the values of these shares so unless a major recovery rally in the offing here, I would prefer to stay in the actual metal. Also, many hedge funds are long metals futures and short metals shares as a spread-hedge approach. They have been doing this with Newmont for years now.

anyone notice, the crb made new highs on friday!?



the shares will roar when the public comes in, they will bid these things into the stratosphere .

dharma

failure of the rising wedge in gold is not a good sign, support lies @THEround#. if it doesnt hold then a larger correction is in store for the market. dharma

seems everyone is waiting to buy 850............hmmmmm
still have 2-3 weeks left on this up cycle. could have topped early.
lows and 2ndary lows holding in xau/hui. creating higher lows. waiting for the market to decide.
dharma

pennants are continuation patterns: gold, xau/hui, and many gold/silver stocks are exhibiting the pattern. awaiting the upside resolution.
dharma

gold is rising in all currencies!
dharma

got a buy on xau/hui on the close. lets see what develops next week
dharma
many juniors have huge short positions
http://www.shortsqueeze.com/?symbol=ngd

got a buy on xau/hui on the close. lets see what develops next week
dharma
many juniors have huge short positions
http://www.shortsqueeze.com/?symbol=ngd

dharma
Silly me was thinking of going short last week When I took a look at the daily chart of GDX today I changed my mind. Still, yet, holding a long position in GDX. However if there is a broad market sell off coming next week gold shares could easily be tossed out as well. As you say, lets see what develops next week.
Best to you.

looking for new highs! the rally, should it develop, has the potential to carry to the 1st week in march. looking for 1035. not
very many bullish voices on the board. its a bull market and surprises will be to the upside.
dharma