"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, January 14, 2009

Meanwhile, a check up on our anxiety indicators...

Status quo. Not quite the acute panic of October. I certainly hope this is relevant for the gold miners as their fundamentals have improved, even as the forces that drove their fundy's higher drove the stocks lower during the liquidation. HUI can still come a bit lower (it is now in the middle of the correction target zone), but if I am right - and remember, I am a human sitting here watching this mess just like you - then the absence of panic and what should be some public utterances confirming the fundy's this earnings season, combined with the gold stocks' intact higher lows structure, could just maybe... imply separation from the ship of fools known as the broad stock market? Maybe?