XAU & HUI 7/8 UPDATE

I still see nothing that suggest you should add funds to gold stocks at this time. The death of the dollar would change that outlook. Later this year maybe.








Comments welcome, best to all
mss

As always, great charts. I am still amazed that gold has held up as well as it has in the face of the rise in the dollar. The dollar makes higher highs in one of Gary Smith's tight rising channels, and gold makes higher lows. My first guess as to why is that the Europeans are now printing money hand over fist too, along with us and the Japanese, and relative strength against those currencies may not harm gold as much as it would have a year or two ago. Like you, I would welcome hearing a lot of other opinions. (I am sure it is obvious, but I am talking about the metal, not the stocks).

Edited by Not Too Swift, 09 July 2005 - 05:16 PM.

Thanks for posting charts MSS. I've tightened stops on gold, but still waiting for a move one way or another. FF - it will go sideways for awhile ... only my 2 cents worth. Ready to run FAST if turns down. Best to you, C.C.