Saturday, April 28, 2007

Video : Juniors , Mining Industry

Videos- Investing in Mining Industry, Gold, Silver, Uranium, Copper , Junior companies. Panel of mining industry experts.

Part one

Investing in Mining & Commodities for the Long Term Investor, St Andrew Goldfield, Ora Silvia.

Part 2

Investing in Mining & Commodities for the Long Term Investor, Yorbeau, starfire, valgold, sandvick.

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Monday, April 23, 2007

Few notes on XAU & HUI

Currently Gold and Silver stocks indices seem to consolidate the March – April gains. Overall the picture is positive as higher high was printed for XAU & HUI.

xau chart

hui chart

XAU continue to lead in terms of options volume and open positions.

HUI leads in terms of price (less hedged). RSI is higher.

hui xau ratio

Volume is important and the XAU will dictate the Elliott wave count. XAU tends to print lower lows (wave c vs. wave a) while HUI is confused with truncated correction waves.

xau chart

hui chart

XAU / Gold & HUI / Gold Ratios – still underperforming, triangle formation – no breakout yet.

hui gold ratio

xau gold ratio

Patience is indeed required as S.M Himes posted.

It is possible that indices and gold both forming an Egg pattern. I will post more about the Egg pattern on the Gold Global Perspective section.

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Tuesday, April 10, 2007


Seems like the HUI might start some kind of correction to its 50 daily moving average area.

By options expiration I think the XAU will be somewhere between 137.50 & 140. Off course all is dependent on what will happen with the metals, USD, Crude Oil etc.

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