tag:blogger.com,1999:blog-210543702024-03-13T15:31:42.696-04:00Gold & Silver Mining StocksUnknownnoreply@blogger.comBlogger130125tag:blogger.com,1999:blog-21054370.post-19571780263942495132008-12-25T15:14:00.000-05:002008-12-25T15:15:32.169-05:00XAU is UP 100%Since the October bottom the xau index is up 100% . Yes the market had been super volatile in recent months and the xau was down sharply to erase almost all of the first major bull wave gains. But still, it is amazing how quickly the gold and silver index recovered.<br /><br /> In my opinion this is a great bullish sign for precious metals and other commodities. While there is so much talk about deflationary spiral this tiny sector leads the way of recovery and show the market the great upside potential. <br /><br /><br /><a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://4.bp.blogspot.com/_wxWoeht5I6o/SVPprOV-w8I/AAAAAAAAAnA/cEeme-QmG3Y/s1600-h/xau-w12252008.png"><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;width: 382px; height: 400px;" src="http://4.bp.blogspot.com/_wxWoeht5I6o/SVPprOV-w8I/AAAAAAAAAnA/cEeme-QmG3Y/s400/xau-w12252008.png" border="0" alt=""id="BLOGGER_PHOTO_ID_5283823716629660610" /></a>Unknownnoreply@blogger.com5tag:blogger.com,1999:blog-21054370.post-73847352247686875512008-12-07T21:38:00.002-05:002008-12-07T21:41:34.473-05:00XAU UpdateIn the last several weeks the xau index consolidated around the lows and the technical situation is looking a bit better. <br /><br />Support is around recent lows , resistance at around 140 then 180. <br /><br /><img src="http://3.bp.blogspot.com/_wxWoeht5I6o/STyJGbtzDTI/AAAAAAAAAm4/lZnTFKPyG0I/s1600/xau-w12808.png" border="0" alt="xau chart weekly"id="BLOGGER_PHOTO_ID_5277243606983445810" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-50850532343736598092008-10-26T14:20:00.003-04:002008-10-26T14:27:15.132-04:00XAU UpdateThe XAU index lost most of it's bull market gains. During the last 8 years ( late 2000 to mid 2008) the xau climbed from a low of 41 to a high of 209 (~400%). Recently a major sharp and volatile decline took this index back to 63.5 (~70%). This is the worst decline since the 2000 bottom.<br /><br />Whats next?<br /><br />It is a fact that most of the bull market gains are gone , the XAU crashed through almost all the support levels and not much is left other then the late 2000 bottom (~41). In my opinion the first phase of the gold bull market is over , currently a bear market phase is underway. Its is possible that the bear phase might soon be over and a new multi year bull market advance should soon be underway. <br /><br />Be patient!<br /><br /><br /><img src="http://1.bp.blogspot.com/_wxWoeht5I6o/SQS1FeMVniI/AAAAAAAAAmY/elHyq4vN1_8/s1600/xau-w.png" border="0" alt="xau weekly chart"id="BLOGGER_PHOTO_ID_5261529370284367394" /><br /><br /><img src="http://4.bp.blogspot.com/_wxWoeht5I6o/SQS1E27yWkI/AAAAAAAAAmQ/1tm1XWaMuog/s1600/xau-m.gif" border="0" alt="xau monthly chart"id="BLOGGER_PHOTO_ID_5261529359745964610" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-78722320981913929342008-09-03T00:07:00.006-04:002008-09-03T00:13:05.761-04:00XAU chart updateThe chart took a major hit along the metals. The gold and silver mining sector is down more then 30%.<br />Important cyclical low at 120. If metals goes higher the xau goes higher as well. It might be a good idea to be patient and wait for major bullish signals / setups. <br /><br /><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;" src="http://2.bp.blogspot.com/_wxWoeht5I6o/SL4OVV7MwhI/AAAAAAAAAc4/i91j3zjmCX4/s1600/xau930.png" border="0" alt="xau chart"id="BLOGGER_PHOTO_ID_5241642776131322386" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-35625732296478825032008-07-19T06:53:00.001-04:002008-07-19T06:55:38.566-04:00XAU ChartThe XAU gold and silver index reached a high of 206 points which is just 3 points below the March high.<br /><br />There is an inverted head and shoulders bullish pattern , the head at ~163 points and the neckline at 195 points which gives a target of 227. <br /><br /><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;" src="http://4.bp.blogspot.com/_wxWoeht5I6o/SIHH5-5BUPI/AAAAAAAAAbY/5EpuawGAzIc/s1600/xau197.PNG" border="0" alt="xau index"id="BLOGGER_PHOTO_ID_5224676841675116786" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-26985703491224995602008-07-06T19:19:00.001-04:002008-07-06T19:21:22.644-04:00XAU Chart UpdateThe XAU Index almost reached 200 points or just 10 points lower then its March high. An aggressive profit taking followed but the chart structure looks healthy. Recent highs and lows are marked on the chart bellow. MA's , PPO and RSI are positive.<br /><br /><img src="http://3.bp.blogspot.com/_wxWoeht5I6o/SHFTOL3noTI/AAAAAAAAAbI/7EIYsaotGwg/s1600/xau_stockcharts.PNG" border="0" alt="xau chart"id="BLOGGER_PHOTO_ID_5220044946268463410" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-90951845132566534402008-06-30T17:50:00.002-04:002008-06-30T17:51:43.086-04:00Positive XAU actionThe gold and silver xau index has managed to surpass both April and May peaks(equals to August gold at 940$ and 960$). XAU is not far from it's March peak. Important cyclical bottoms 162 @ March and 172 @ June. As the gold bull market continue It is reasonable to assume that higher highs should follow.<br /><br /><img src="http://3.bp.blogspot.com/_wxWoeht5I6o/SGlVQXeKjcI/AAAAAAAAAa4/JYEFhGkqCqk/s1600/xau-71.png" border="0" alt="xau chart"id="BLOGGER_PHOTO_ID_5217795382952234434" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-14417331554002930722008-06-22T13:25:00.006-04:002008-06-22T13:31:07.799-04:00XAU Chart AnalysisThe Philadelphia gold and silver index is still consolidating within a 50 points range (160 - 210). The 200 and 50 daily moving averages closing on each other, both downtrend and uptrend lines still valid. <br /><br />Important cyclical lows : August 2007 , December 2007 and May 2008.<br /><br />Important cyclical highs: March 2008, May 2008.<br /><br /><br /><span style="font-weight:bold;">XAU index logarithmic daily chart</span><br /><br /><img src="http://4.bp.blogspot.com/_wxWoeht5I6o/SF6LbfOCDzI/AAAAAAAAAaQ/id492VkPeYE/s1600/xau-6_22_2008.PNG" border="0" alt="xau chart"id="BLOGGER_PHOTO_ID_5214758722894696242" />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-21054370.post-89033969158126640282008-06-08T15:08:00.006-04:002008-06-08T18:07:18.821-04:00Micro Cap : USCorp(USCS)In recent years as the the price of gold, silver and other metals climbed significantly higher- many gold and silver stocks went up 100's of percents. However, gains were mostly concentrated within the most liquid stocks -like those which are included in mining indexes and ETF's (XAU, HUI, GOX, GDX, XGD...) <br /><br /> At the current stage of the gold global bull market - the better value should be in the smaller stocks , those who do not yet “produce gold” but do hold economical mining properties ( normally called, exploration , development stage and junior stocks). One such company might be USCorp (USCS).<br /><br /><a href="http://www.uscorpnv.com/"><br />USCorp</a> is an exploration stage company which owns two interesting US properties :<br />Twin Peaks Mine (Arizona) and Picacho Salton (California). See the Feasibility Studies <a href="http://www.uscorpnv.com/Annual-Report.html">here</a><br /><br />In a recent business wire press release the company reported mineral resource estimation of over 2.2 million ounces of gold .See the press release <a href="http://www.businesswire.com/portal/site/google/?ndmViewId=news_view&newsId=20080429005533&newsLang=en">here</a><br /><br />The class A common stock trades on the <a href="http://otcbb.com/">Over The Counter Bulletin Board</a>(OTCBB) symbol: USCS.OB and on the Berlin Stock Exchange Symbol: UCP.BER<br /><br />The class B common stock trades on the Frankfurt Stock Exchange Symbol: U9C.F<br /><br /><span style="font-weight:bold;">USCS weekly chart</span><br /><br /><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;" src="http://1.bp.blogspot.com/_wxWoeht5I6o/SExAIgQYX1I/AAAAAAAAAZI/5wWSASd7s98/s1600/uscs.png" border="0" alt="USCorp.ob weekly chart"id="BLOGGER_PHOTO_ID_5209609383802593106" /><br /><br /><span style="font-weight:bold;"><br />USCS monthly chart (all time data)</span><br /><br /><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;" src="http://2.bp.blogspot.com/_wxWoeht5I6o/SExAI_KAjwI/AAAAAAAAAZQ/RTtnpKLP3rc/s1600/uscs-m.gif" border="0" alt="USCorp.ob monthly chart"id="BLOGGER_PHOTO_ID_5209609392097365762" /><br /><br />Disclosure: Author owns USCS sharesUnknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-5988463669771064942008-05-18T13:38:00.005-04:002008-05-18T13:43:18.102-04:00XAU and XAU/Gold updateDear readers ,<br /><br />what can I say? , the price action of the XAU index and gold miners in general is similar to that of gold. Lately the XAU is trying to out perform <a href="http://globalgold.blogspot.com/">gold</a> as can be seen by the xau/gold ratio chart.<br /><br /><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;" src="http://3.bp.blogspot.com/_wxWoeht5I6o/SDBpz991BRI/AAAAAAAAAYY/FxxySFTwm9M/s1600/scxau.png" border="0" alt="xau index chart"id="BLOGGER_PHOTO_ID_5201773911141057810" /><br /><br /><img style="display:block; margin:0px auto 10px; text-align:center;cursor:pointer; cursor:hand;" src="http://3.bp.blogspot.com/_wxWoeht5I6o/SDBpz991BSI/AAAAAAAAAYg/X1WCHojURc0/s1600/sc-xau_gold.png" border="0" alt="xau gold ratio chart"id="BLOGGER_PHOTO_ID_5201773911141057826" />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-21054370.post-81838992510302622502008-03-23T16:36:00.002-04:002008-03-23T16:44:40.232-04:00Gold mining stocks index (XAU) analysisSince the mid august 2007 bottom the gold mining indexes appreciated along the price of gold . Generally uptrend was divided into two phases :<br /><br />From mid August to mid October the XAU (the heavy options volume index) outperformed gold – probably due to positive trend (at that time) for the general equity markets.<br /><br /><br />From mid October 2007 till mid March 2008 the XAUunder performed the price of gold. - probably due to bearish trend for the general equity markets. <br /><br />Note that currently the XAU/GOLD ratio is lower(on an end of the day basis) then it was at the August 2006 bottom !<br /><br /><br /><br /><img src="http://2.bp.blogspot.com/_wxWoeht5I6o/R-a_walEoiI/AAAAAAAAAWY/ZgjRzwLdVvo/s1600/xaugc.png" border="0" alt="xau gold ratio chart"id="BLOGGER_PHOTO_ID_5181039259825775138" /><br /><br /><br /><br />Cyclically Important technical points: <br /><br />the low of 167.<br /><br />the low of 157.<br /><br /><br /><br /><img src="http://1.bp.blogspot.com/_wxWoeht5I6o/R-a_wKlEohI/AAAAAAAAAWQ/trafkRrHDbQ/s1600/xau_d.PNG" border="0" alt="xau index chart"id="BLOGGER_PHOTO_ID_5181039255530807826" /><br /><br /><br /><br />Note:<br /><br />Since the late 2000 bottom this index (along other mining indexes) is up several 100's percents.<br /><br /><br /><br /><img src="http://3.bp.blogspot.com/_wxWoeht5I6o/R-a_wqlEojI/AAAAAAAAAWg/JCzi6CiExJg/s1600/big.gif" border="0" alt="xau long term chart"id="BLOGGER_PHOTO_ID_5181039264120742450" />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-21054370.post-7148211445021985002007-10-01T00:18:00.000-04:002007-10-01T00:22:34.161-04:00XGD.TODear readers,<br /><br />XGD had a very nice rally similar to other gold related instruments.<br /><br />From an Elliott wave point of view, it might be the case that a five wave advance is completed and some consolidation is required (not lower then August bottom)<br /><br /><img src="http://2.bp.blogspot.com/_wxWoeht5I6o/RwB1bC5zLaI/AAAAAAAAAUo/IkqHMHX9H-g/s1600/xgdt01012007.PNG" alt="xgd" id="BLOGGER_PHOTO_ID_5116218284189101474" border="0" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-54850418699436301152007-08-28T13:05:00.000-04:002007-08-28T13:09:50.268-04:00XGDXGD.TO the Canadian gold stocks ETF (S&P TSE Canadian Gold iUnits) currently give a clearer picture for gold stocks. XGD is priced in Canadian Dollars and it seems as it recently completed an ABC correction. XGD retraced about 61.8% of the 2005 – 2006 advance.<br /><br /><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;" src="http://1.bp.blogspot.com/_wxWoeht5I6o/RtRWFL0yFwI/AAAAAAAAAUg/xJw87ymyAoU/s1600/xgd.png" border="0" alt="xgd chart"id="BLOGGER_PHOTO_ID_5103798924791125762" />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-21054370.post-67715663879403799692007-08-22T06:41:00.000-04:002007-08-22T08:33:55.298-04:00XAU Index UpdateWild swings, ~30 points rally then a serious decline of ~40 points, currently recovering. <br /><br /><img src="http://4.bp.blogspot.com/_wxWoeht5I6o/RswTU70yFuI/AAAAAAAAAUQ/TlWEs9Sg9UQ/s1600/xau_pd.PNG" border="0" alt="xau index daily"id="BLOGGER_PHOTO_ID_5101473728281319138" /><br /><br /><br /><img src="http://1.bp.blogspot.com/_wxWoeht5I6o/RswTVL0yFvI/AAAAAAAAAUY/WpJEc_LtLQM/s1600/xau_phil82222007.PNG" border="0" alt="xau index weekly"id="BLOGGER_PHOTO_ID_5101473732576286450" />Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-90517376666356346372007-07-24T14:43:00.000-04:002007-07-24T14:46:19.063-04:00Partial Profit TakingGold & Silver stocks / indices had a huge rally as expected, currently extremely overbought on a daily chart. Take some profits and gradually enter after some kind of correction. Most likely in a week or two the overbought condition will work itself out.<br /><br /><img style="float:left; margin:0 10px 10px 0;cursor:pointer; cursor:hand;" src="http://2.bp.blogspot.com/_wxWoeht5I6o/RqZIn14-7PI/AAAAAAAAATg/7DR3MQ9NQx0/s1600/xau_phil.PNG" border="0" alt="xau chart"id="BLOGGER_PHOTO_ID_5090836278107106546" />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-21054370.post-73307779329782992472007-07-13T13:54:00.000-04:002007-07-13T14:06:36.904-04:00XAU Weekly ChartOur most reliable index for Elliott wave counts still remains the Philadelphia Gold and Silver index. Currently wave 3 of 3 of 3 is underway, this is a rare bullish situation. Extended bullish move is expected, be careful of extra volatility. The count remains valid as long as the XAU remains above 130.83.<br /><br /><br /><br /><img src="http://4.bp.blogspot.com/_wxWoeht5I6o/Rpe8mm0EkYI/AAAAAAAAASo/37RADwwnGOY/s1600/xau713.PNG" border="0" alt="xau chart"id="BLOGGER_PHOTO_ID_5086741675578265986" />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-21054370.post-86299294074351272592007-07-06T04:18:00.000-04:002007-07-06T04:24:24.300-04:00$HUI:$GOLD Buy SignalIn case you haven't noticed HUI / Gold ratio just gave a buy signal. <br /><br /><img src="http://2.bp.blogspot.com/_wxWoeht5I6o/Ro3742tH7MI/AAAAAAAAARo/G-GjveD7fFs/s1600/hui_gold_buy.jpg" border="0" alt="hui:gold"id="BLOGGER_PHOTO_ID_5083996508547181762" />Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-21054370.post-3080229506181765512007-06-23T12:45:00.000-04:002007-06-23T12:51:06.216-04:00HUI UpdateYet another Breakout attempt, the HUI managed to climb above short term diagonal trend line resistance. A retest of the broken trend lined and 200 DMA followed.<br /><br />Support around recent cycle low 317.70 further support at previous cycle low 311.78.<br /><br />Technical indicators: RSI slightly above 50, PPO had a bullish crossover and seems to be trending higher.<br /><br /><br /><img src="http://1.bp.blogspot.com/_wxWoeht5I6o/Rn1OdtgfeVI/AAAAAAAAARA/RPTzLtWYyrw/s1600/hui.jpg" alt="hui chart" id="BLOGGER_PHOTO_ID_5079302227082836306" /><br /><br /><br />It is likely that if the HUI can trade above 344.07 it will aim to 369.69 and further.<br /><br /><br />The bigger picture: the HUI, Gold, Silver, Etc. - All consolidated for a long period of time so giving a chance to the small technical improvement might be a wise thing to do.<br /><br />Some index components enjoy a relatively high level of short interest ratio.<br /><br />ShortSqueeze.com data : Eldorado Gold (EGO), Randgold Resources(GOLD) ,Coeur dAlene Mines(CDE), Hecla Mining Company (HL) ,Golden Star Resources(GSS), IAMGOLD(IAG).<br /><br />Check them out (fundamentals ,TA. Etc) – they might be a good play.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-50861771024414472822007-05-31T05:06:00.000-04:002007-05-31T05:09:44.289-04:00Bullish on the sector againI have no time to post the charts. To put it simply I like what I see on HUI, XAU, GOX , GDX , Etc. <br /><br /><br />See this <a href="http://globalgold.blogspot.com/2007/05/xauusd-waves-update.html">gold chart</a>Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-21054370.post-59690542191946567722007-05-19T22:49:00.000-04:002007-05-19T22:52:25.404-04:00Video : Gold StrategiesMining stocks expert John Embry discuss gold stocks investment strategies with Victor Adair at HoweStreet.com.<br /><br /> His views might explain the recent underperformance of gold indices despite relatively high gold prices.<br /><br /><br /><br /><embed style="width:400px; height:326px;" id="VideoPlayback" type="application/x-shockwave-flash" src="http://video.google.com/googleplayer.swf?docId=329571215031321438&hl=en" flashvars=""> </embed>Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-28805288337222115792007-05-07T08:45:00.000-04:002007-05-07T08:49:28.930-04:00XAU ChartGiven recent strength in <a href="http://globalgold.blogspot.com/">gold prices</a> the performance of the Philadelphia gold and silver stocks index is not that impressive. Other gold & silver mining indices haven't done much better.<br /><br />The XAU: GOLD ratio continue to consolidate around recent lows.<br /><br />Lets see what come next.<br /><br /><br />Chart annotated with short term Fibonacci levels and uptrend line ( short term support).<br /><br /><img src="http://1.bp.blogspot.com/_wxWoeht5I6o/Rj8fq3GsNhI/AAAAAAAAAN4/YH81aVDUX90/s1600/xau578.PNG" alt="XAU Chart" id="BLOGGER_PHOTO_ID_5061799327394706962" border="0" />Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-21054370.post-52698777043731710342007-05-03T14:51:00.000-04:002007-05-03T14:55:53.195-04:00AboutIn this web log I post an occasional analysis of the technical condition of gold and silver stocks as reflected by Indices like XAU, HUI and sometimes also GDX, XGD and GOX. As of late I do not pay attention to specific stocks as it is not relevant for me as I don't trade them currently.<br /><br /><span style="font-weight: bold;">What do I trade?</span><br /><br />I trade commodities and currencies as they are more suitable for my trading style.<br /><br />Gold is both currency and commodity; you can look at it as monetary metal or a commodity (hard) currency.<br /><br />It is very important for me to track the gold & silver miners so this web log helps with that mission.<br /><br /><span style="font-weight: bold;">How you can use this blog?</span><br /><br />You can read my (over 100) posts for free and that might help you to study about technical analysis in general and specifically for the gold & silver sector.<br /><br />Get my occasional market sentiment and confirm with yours!<br /><br />Some posts include special reports, news pieces or videos which I think are worth sharing.<br /><br />In addition I post in two other Web log <a href="http://cmd-chart.blogspot.com">commodities charts</a> and <a href="http://globalgold.blogspot.com">Gold global perspective</a>.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-44438060793545482342007-04-28T01:32:00.000-04:002007-04-28T01:41:31.911-04:00Video : Juniors , Mining IndustryVideos- Investing in Mining Industry, Gold, Silver, Uranium, Copper , Junior companies. Panel of mining industry experts.<br /><br /><span style="font-weight:bold;">Part one</span><br /><br />Investing in Mining & Commodities for the Long Term Investor, St Andrew Goldfield, Ora Silvia.<br /><br /><br /><embed src='http://us.i1.yimg.com/cosmos.bcst.yahoo.com/player/media/swf/FLVVideoSolo.swf' flashvars='id=1801022&emailUrl=http%3A%2F%2Fvideo.yahoo.com%2Futil%2Fmail%3Fei%3DUTF-8%26vid%3D239210&imUrl=http%253A%252F%252Fvideo.yahoo.com%252Fvideo%252Fplay%253Fei%253DUTF-8%2526vid%253D239210&imTitle=Investing%2Bin%2BMining%2B%2526%2BCommodities%2Bfor%2Bthe%2BLong%2BTerm%2BInvestor%2B1&searchUrl=http://video.yahoo.com/video/search?p=&profileUrl=http://video.yahoo.com/video/profile?yid=&creatorValue=bmV0dHZwcm9kdWN0aW9u&vid=239210' type='application/x-shockwave-flash' width='425' height='350'></embed><br /><br /><br /><br /><span style="font-weight:bold;">Part 2</span><br /><br />Investing in Mining & Commodities for the Long Term Investor, Yorbeau, starfire, valgold, sandvick.<br /><br /><br /><embed src='http://us.i1.yimg.com/cosmos.bcst.yahoo.com/player/media/swf/FLVVideoSolo.swf' flashvars='id=1801284&emailUrl=http%3A%2F%2Fvideo.yahoo.com%2Futil%2Fmail%3Fei%3DUTF-8%26vid%3D239211%26fr%3Dyfp-t-501&imUrl=http%253A%252F%252Fvideo.yahoo.com%252Fvideo%252Fplay%253Fei%253DUTF-8%2526vid%253D239211&imTitle=Investing%2Bin%2BMining%2B%2526%2BCommodities%2Bfor%2Bthe%2BLong%2BTerm%2BInvestor%2B2&searchUrl=http://video.yahoo.com/video/search?p=&profileUrl=http://video.yahoo.com/video/profile?yid=&creatorValue=bmV0dHZwcm9kdWN0aW9u&vid=239211' type='application/x-shockwave-flash' width='425' height='350'></embed>Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-21054370.post-77796226365080737362007-04-23T23:07:00.000-04:002007-04-23T23:24:35.424-04:00Few notes on XAU & HUICurrently 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.<br /><br /><img src="http://4.bp.blogspot.com/_wxWoeht5I6o/Ri10laa3C8I/AAAAAAAAAMI/NFf950BcEk4/s1600/xau_1.jpg" alt="xau chart" id="BLOGGER_PHOTO_ID_5056826142702898114" border="0" /><br /><br /><img src="http://1.bp.blogspot.com/_wxWoeht5I6o/Ri10lqa3C-I/AAAAAAAAAMY/k3mbR0Xf_J8/s1600/hui_1.jpg" alt="hui chart" id="BLOGGER_PHOTO_ID_5056826146997865442" border="0" /><br /><br /><br />XAU continue to lead in terms of options volume and open positions.<br /><br />HUI leads in terms of price (less hedged). RSI is higher. <br /><br /><img src="http://1.bp.blogspot.com/_wxWoeht5I6o/Ri10lqa3DAI/AAAAAAAAAMo/S5SMNxQzuMo/s1600/hui-xau-ratio.png" alt="hui xau ratio" id="BLOGGER_PHOTO_ID_5056826146997865474" border="0" /><br /><br /><br />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.<br /><br /><img src="http://4.bp.blogspot.com/_wxWoeht5I6o/Ri10laa3C9I/AAAAAAAAAMQ/4h6ggMuuvis/s1600/xau_2.jpg" alt="xau chart" id="BLOGGER_PHOTO_ID_5056826142702898130" border="0" /><br /><br /><br /><img src="http://1.bp.blogspot.com/_wxWoeht5I6o/Ri10lqa3C_I/AAAAAAAAAMg/L87kYRKkpIc/s1600/hui_2.jpg" alt="hui chart" id="BLOGGER_PHOTO_ID_5056826146997865458" border="0" /><br /><br /><br />XAU / Gold & HUI / Gold Ratios – still underperforming, triangle formation – no breakout yet.<br /><br /><img src="http://4.bp.blogspot.com/_wxWoeht5I6o/Ri116aa3DBI/AAAAAAAAAMw/I8Ly3f1gLvg/s1600/hui_gold_ratio.png" border="0" alt="hui gold ratio"id="BLOGGER_PHOTO_ID_5056827602991778834" /><br /><br /><img src="http://4.bp.blogspot.com/_wxWoeht5I6o/Ri116aa3DCI/AAAAAAAAAM4/6YBjgD0irKQ/s1600/xau_gold-ratio.png" border="0" alt="xau gold ratio"id="BLOGGER_PHOTO_ID_5056827602991778850" /><br /><br />Patience is indeed required as S.M Himes <a href="http://paintthecharts.blogspot.com/2007/04/xaugold-ratio-lesson-in-patience.html">posted</a>.<br /><br />It is possible that indices and gold both forming an Egg pattern. I will post more about the Egg pattern on the <a href="http://globalgold.blogspot.com/">Gold Global Perspective</a> section.Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-21054370.post-6775555623590236712007-04-10T06:56:00.000-04:002007-04-15T22:21:47.147-04:00UpdateSeems like the HUI might start some kind of correction to its 50 daily moving average area. <br /><br />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.Unknownnoreply@blogger.com1