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Re: ljk post# 56396

Friday, 05/12/2006 5:42:35 PM

Friday, May 12, 2006 5:42:35 PM

Post# of 147296
Indicators,

No particular one or two. I do volumious reading - but it took me a couple of years to start figuring what to pay attention to.

You can chart the metals, the Gold Bugs Index (HUI), the Philly index (XAU) and look at all the technical indicators. Google gold seasonal chart and you can look at seasonal price patterns over the past 30 years.

Physical gold had been doing better than the gold stock indices for a couple of weeks. If the stocks start breaking down instead of following and playing catch up, that can be a sign. In this case they were overbought - a condition that can and did last for awhile.

Sometimes corrections are swift, other times they are slow. I keep a core and trade around it. The core is all I have now, and I have sold it before.

Having pounded the table for mining stocks here, I thought it was the right thing to do - letting people know I had sold a bunch. Don't count on me announcing my next buys here, though. I hate to have to remember whether I did balanced reporting.


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