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"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Wednesday, May 30, 2007
Stripped down XAU chart
This chart shows that despite all the hand wringing (including this blogger's), there is not as yet any damage to the XAU (135 intact as is HUI's corresponding 320). FWIW. Caution but not panic remains the word in this quarter.
This chart shows that despite all the hand wringing (including this blogger's), there is not as yet any damage to the XAU (135 intact as is HUI's corresponding 320). FWIW. Caution but not panic remains the word in this quarter.
