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Message: Gold/HUI prices,etall

Gold/HUI prices,etall

posted on Mar 10, 2010 09:45PM

The Trendsman suggests"The short-term trend for gold is higher but with some consolidation. We do think Gold has seen its bottom but it would not surprize us if it tested $1075 or $1100. Going forward we need to see volitility decline further before we can expect a big move." also "We should also note that as a few months ago, only 0.7% of all assets worldwide,were in Gold and Gold stocks. This is hardly a crowded trade and we continue to see $2000 for Gold in the next 12-15 months." also "Gold Stocks,as shown by the HUI ,have put in strong support at 380. We are looking for this rally to hit 460." note today HUI is 415.65 and Gold is $1108.40! Jasmts

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