HUI Whisper Targets

By Midas
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October 28, 2007
| No Comments
| Stock

Shhhhhh! Don’t look now but the Amex Gold Bugs Index just moved to fresh highs. The index closed at 405.26 on Wednesday 10/10, surpassing its May 2006 high of 401. Based on the lack of excitement and publicity our guess is more to come. Chart 1 – HUI breaking out Now mind you, a move […]

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2007 crash market stock update II

By Midas
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August 28, 2007
| No Comments
| Stock

In late July we published a piece called 2007 crash market stock update wherein we described the inter-market picture as shaping up to be eerily similar to that of the 1987 stock market crash. In summary: We noted that the stock market had been ignoring a falling bond market for much of 2007 in much […]

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Prime interest rates and the market value of Gold

By Midas
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July 8, 2007
| No Comments
| Gold

Before the Feds Emergency rate cut on Friday the bias was to higher rates across the board. For example the Australian Reserve Bank increased prime interest rates by 0.25% and even now after the stock market pummeling, continues to warn of more to come. This article explains why interest rates are about to go higher […]

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Fallin’ Bonds and why they’re good for Gold

By Midas
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June 12, 2007
| No Comments
| Gold

Here’s a significant story that’s not getting much play: Chart 1 – 10-yr Bonds breaking below support For over 2 months, Long Bonds have been marching relentlessly lower, breaking key support at 106.50 on Friday. The next downside target is the Jul 06 lows at 104 (which equates to 5.25%). Here’s where is gets curious: […]

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