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Monday, May 22, 2006

 

Heading towards a buying opportunity of a lifetime

In this article, Eric Hommelberg discusses the technical analysis of Gold vs. the HUI (Gold Bugs Index). There are several charts in the article.

He concludes that "whether or not gold continues its descent from here on towards the $620 - $640 area doesn't bother me since the downside potential for the Gold shares is limited, but according to some credible market insiders the correction in gold could be over much faster as you might think." He stongly believes that "we're heading towards a buying opportunity of a lifetime here."

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