Crucial time and question big turning point? Crucial time
risky to stay in HND?
Maybe a bit soon to buy HNU
( I'd wait till next tues after r/b )
Now the $natgas chart ( and leading into HNU HND charts ):
shows : Likely is a bottom for NG ( as another has stated also )
and that breakout up for NG likely to continue
If it was any simple non commodity chart and one should be out of a short (HND) immediately
Even with Tgar's logical comments on contango and rollover
it seems hard to ignore potential for big move in NG ( $natgas chart)
even though I feel NG has no reason to climb for a couple of weeks
( the chart suggests it will )
Tgar gives impression that HNU will stagnant or slip and HND will start to climb
But that $natgas chart is sure worrisome , indicating a breakout for NG
and therefore is dangerous to hold HND ( at all anymore )
A good trader can try and trade HND but is getting dangerous
Inviting commentary on this important inflection point ( time )
TGAR -any thoughts ( on HND falling )
Although HND should go up if HNU slips -
Can this relationship break and HND slip if HNU is flat? ( over a few days )
ie can inverse relationship lose it's accuracy
( which has been shown by charts over continual swing periods)
Also appreciated the table TGAR posted today on HND
Another table tommorrow would be most welcome
Right I noticed that quote freeze on the opening 15 min at Stockwatch for about 7=10 min
btw gold should follow US Money Supply and inverse to US$ slippage
M Supply doubled recently and is sitting on Bank balance sheets at the moment
but will show up over 2 to 4 years as banks lend more
Gold should double over that time ( ie to 2000 - reasonable over 3 years )
And earning of gold companies and jr deposits will increase faster
Gold will staircase/rachet so can be traded on the broad swings for 2 years
And other base metals can/will climb also and Miners can rise prices.
The US economy is now less important than China and India ( for growth )
Regards
U