Look At The Gold ETF GLD Follow The S & P 500 (SPX)
Look at the gold ETF GLD follow the S & P 500 (SPX), see http://finance.yahoo.com/q/ta?t=5d&s=GLD&l=off&z=l&q=c&a=m26-12-9&a=p12&a=fs&a=w14&c=&c=%5EGSPC. Ignore the gold nitwits and con artists. Agendas are for rank amateurs and criminals.
Far too many gold writers obviously have bullish agendas and are trying to benefit at the expense of others. That's fraud. I believe/imagine that deliberately publishing misleading investment info/having an agenda is breaking SEC law. If you see a gold writer doing that you should report it to the SEC.
See http://tradethecycles.blogspot.com/2008/01/vicious-huixau-very-short-term-wave.html. The decline since early Monday is now -13.54% for HUI, see http://finance.yahoo.com/q/ta?s=%5EHUI&t=5d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c, which is an obvious major sell signal/indication.
Newmont Mining (NEM) and Barrick Gold (ABX) insiders have been big time sellers recently, see http://tradethecycles.blogspot.com/2008/01/barrick-gold-abx-and-newmont-mining-nem.html.
A 12-18 month Wave 2 Cyclical Bear Market probably/very likely (95%+ probability) began on Monday 1-14-08 for HUI/XAU, which is Wave 2 down of the Secular 20 yearish Bull Market that began in late 2000 for HUI/XAU, began in April 2001 for gold, and, began in late 2001 for silver. Gold lags HUI/XAU and silver lags gold.
HUI/XAU peaked in rollover mode versus the 11-7-07 cycle highs, and, peaked in dramatic rollover mode versus the 5-11-06 cycle highs, see http://stockcharts.com/charts/gallery.html?%24hui.
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
Far too many gold writers obviously have bullish agendas and are trying to benefit at the expense of others. That's fraud. I believe/imagine that deliberately publishing misleading investment info/having an agenda is breaking SEC law. If you see a gold writer doing that you should report it to the SEC.
See http://tradethecycles.blogspot.com/2008/01/vicious-huixau-very-short-term-wave.html. The decline since early Monday is now -13.54% for HUI, see http://finance.yahoo.com/q/ta?s=%5EHUI&t=5d&l=off&z=l&q=c&p=&a=m26-12-9,p12,fs,w14&c, which is an obvious major sell signal/indication.
Newmont Mining (NEM) and Barrick Gold (ABX) insiders have been big time sellers recently, see http://tradethecycles.blogspot.com/2008/01/barrick-gold-abx-and-newmont-mining-nem.html.
A 12-18 month Wave 2 Cyclical Bear Market probably/very likely (95%+ probability) began on Monday 1-14-08 for HUI/XAU, which is Wave 2 down of the Secular 20 yearish Bull Market that began in late 2000 for HUI/XAU, began in April 2001 for gold, and, began in late 2001 for silver. Gold lags HUI/XAU and silver lags gold.
HUI/XAU peaked in rollover mode versus the 11-7-07 cycle highs, and, peaked in dramatic rollover mode versus the 5-11-06 cycle highs, see http://stockcharts.com/charts/gallery.html?%24hui.
....... http://www.JoeFRocks.com/ .
HUI NEM XAU
Labels: Gold, Gold Stocks, HUI, Silver, Silver Stocks, SPX, XAU
posted by Joe Ferrazzano at
9:57 AM
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