.........The Informative XAU Candlestick Chart

Since 11-7-07 the XAU has had only one session (1-14-08) where it made any upside progress, see http://stockcharts.com/charts/gallery.html?%24xau. The XAU obviously dramatically rolled over, probably put in a Wave 1 Cyclical Bull Market cycle high on 1-14-08 at 199.25, then put in a short term countertrend Wave B cycle high at 191.58 on 1-25-08, and, probably put in a very short term countertrend Wave B cycle high at 190.09 today/on 1-29-08.

Combine the XAU's bearish chart with the fact that the US Dollar probably bottomed in November 2007, see http://stockcharts.com/charts/gallery.html?%24usd, and one has to be bearish on HUI/XAU/gold. Many/probably most gold writers are either clueless regarding technical analysis/market timing/COT data analysis and/or they are gold pimps/con artists.

How are the gold pimps/nitwits/con artists any better than the mortgage firms who made so many irresponsible loans and didn't properly inform homebuyers or those refinancing mortgages of the risks involved in adjustable rate mortgages (whether they were subprime or not)?

Gold's primary Secular Bull Market trendline is at $490-500 right now, see http://www.joefrocks.com/GoldStockCharts.html. Are the gold pimps/nitwits/con artists properly informing investors about the risks involved with buying gold now?

....... http://www.JoeFRocks.com/ .

HUI NEM XAU