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Gold Sector Chart Update
posted Sep 30, 2005 at 11:24PM

Bullion Daily

HUI Daily

Dollar Daily

All trends remain in place and the dollar is running into major resistance. I really don't like the technial condtion of the gold sector as a whole what with overbought starting to turn into bearish divergences.

It is not that the sector can't keep going up but the risk premium is a little high, at least from an "indexing" point of view.

I am keeping an eye out on stocks that appear to be putting in some bottoming patterns...if the sector as a whole retraces I am looking to do some bottom feeding.

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