Friday, September 7, 2007
From our friend Claude: Gold barometer bullish
It is timely for me to send you again the Gold barometer for possible
embellishment of your blog.
The last time I sent it to you it admonished to be patient and look for
a good move around September. The promise is being fulfilled in spade
because at least three additional bullish events [have] occurred recently:
1. Technical indicators have turned bullish
2. The Gold Dow ratio which has favored the Dow for long time has topped
out and is technically rolling over in favor of Gold.
3. The beginning of this Gold move found Gold mining stocks near the [bottom] of
valuation relative to the price of the metal.
Add to the above the new leg up of Oil now under way and you have a combustible
combination very similar to that prevailing in 2005 at the eve of the big Gold move.
If you wish additional charts illustrating the above three points, please, let me know.