The buy signals

For fun, I thought I would list the various buy signals registered in the last couple of weeks for the sector. these various signals do not imply smooth sailing next week or the one after, only a confirmation that the next major bull leg has already started.

I am simply posting these to give a perspective as to where we are. I draw you attention the to monthly HUI chart in particular.

cheers,

john


Technical $HUI buys now on daily, weekly, and monthly charts. Daily buy came on Nov 10th, although exact date is debatable.







GEGFI - MT indicator turning down from oversold. MT turn Nov. 11th?

GEGFI



Point & Figure Buy - Nov. 16th



Hanky's FCS system at Capital Stool - Nov 22nd



Jeff Kern's SKI Predictions - Official buy I think was Nov. 22nd

SKI Alert
11/21/05

The 35-39 index obviously generated its buy signal today and I bought into what was a small rise until the end of the trading day.  People “knew” that the generation of the new buy signal indicated higher prices and they poured in.  Such signals, during bull markets, validate the next leg up.  Prices have broken through the sell signals from 2 weeks ago.  Although there will be a sizable correction in a few months, prices should never (for years) fall below tomorrow’s closing price (when the 35-39 index actually executes).  It’s a true bull market that, despite appearing to be overbought, is just beginning.  This is our first 35-39 index buy signal within the 92-96 index buy signal.

You will see “chickenski” assume a new name, “lionski”, as I’ll be issuing buy alerts when prices plunge during future corrections.
Volatility will continue to increase.  For most people, we only get one of these types of gold stock bull markets each lifetime.  I plan to liquidate other assets over the next few months to add and leverage up after the next strong correction (next year) into a 16-20 index buy signal coupled with a 35-39 index SELL signal.

  I understand that you might be fearful buying into this type of rise, but the plan was that one must buy a new 35-39 index buy signal.  Such signals have never lost during a true bull.  One trades for years or even decades waiting for this type of true bull market.  This new 35-39 index buy signal is another confirmation of the baby bull.

Don’t worry, I am not singing, as I know the painful corrections that lie ahead.

Best wishes,
Jeff

Perhaps the most important buy signal of all is still intact from the May lows, but we need to see much more from it. The $HUI:$gold ratio when trending up, indicates that shares are outperforming the metal. We have observed this in all good bull legs.

The $HUI:$gold ratio rests above the 50 day, but has yet to break higher from the consolidation since Sept. It needs to do this soon.



cheers,

john

Very nice work. You are correct in that the ratio must turn up soon tomaintain upward movement in shares. Maybe we get this week.

Finished my weekly "rounding top" chart and it also indicates time is up - do something.

mss, Yes timewise, it is important to see higher highs develop over the coming weeks. The sector has topped out in this timeframe the last 2 years. And we are certain to get a reaction at $500. cheers, john

Edited by SilentOne, 28 November 2005 - 07:12 AM.

And just to add to the witches brew, here are my comments on the weekend regarding gold Elliott wave.

http://clearstation....post_id=6994905

If we are in a 3-3, then the pullbacks will be minimal. If gold starts to correct hard, then something else is going on! My favorite EW expression.

cheers,

john