"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

Thursday, September 20, 2007

HUI

Any questions? ;-)

This is primarily a TA blog, but when the fundamentals began kicking in I had to abandon some of what I saw on the charts and bag hold right through some terrible days. While I use charts extensively, I also remain aware of the deplorable fundamentals of PonziConomy (it's global) and gold's superlative fundamentals in an age where many think 'something for nothing' is actually a viable long term strategy. Well, it isn't. Here's Huey's current situation. Bullish bullish bullish, but the miners need the majority of the rah rah commodity trade to fall back in relation to gold just as the stock market is doing. This is a process, not a one day or one week event.

BTW, thank you again for your thoughtful donations. It is very much appreciated!