THE PRECIOUS METALS
"YOU AIN'T SEEN NOTHING, YET"
PART I- THE HUI
"HUI 365- SOONER THAN YOU MIGHT THINK"
HUI UPDATE 10-12-05
I apologize for not writing an editorial for the last few weeks. We had a fire in my dental office on 9-12-05, and I have been working 20 hour days to put things back together. With the help of Dr. Vronsky, I decided to take a few minutes to write a short update on the HUI fractal because I believe we are sitting at an important juncture.
It seems that many analysts are currently getting rather negative on the Precious Metals and the Precious Metal stocks. I do not share their pessimism at this time. In fact, I think that the HUI will likely explode upward in the very near future based on the "fractal" that we discussed in our initial editorial. Our call for a bottom in Silver a few weeks, ago, when some were depressed over a "breakdown" in the Silver chart was only one day early. We still believe that Silver will continue to climb toward the $11.50 area, and that Gold will likely continue to seek the $540ish level.
The recent break of the 20+ year resistance line by Gold was a historical and momentous event. The Gold stocks have not yet been revalued upward based on such an important break of resistance………………."You ain't seen nothing, yet!"
THE HUI CHART
Enjoy the ride.
GOLDRUNNER
October 12, 2005
E-mail contact:
Act0319@aol.com
Please understand that the above is just the opinion of a small fish in a large sea. None of the above is intended as investment advice, but merely an opinion of the potential of what might be. Simply put:
The above is a matter of opinion and is not intended as investment advice. Information and analysis above are derived from sources and utilizing methods believed reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Comments within the text should not be construed as specific recommendations to buy or sell securities. Individuals should consult with their broker and personal financial advisors before engaging in any trading activities. Do your own due diligence regarding personal investment decisions.
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