Thomas
DeChastelain
Memorial Archives

Bullion Charts and Commentary
posted Feb 25, 2006 at 04:38PM

Bullion Daily



Bullion Weekly



Bullion Monthly



HUI Daily



HUI Weekly



HUI/Gold Ratio



Notes

From a big picture strategic "buy and hold" view, the Bush premium remains firmly in place and will continue propelling the bull market in the gold sector.

From a purely technical trading perspective I feel that the sector is in a condition where any last surge of bullion to 620, would be an opportunity to sell into strength. Any weakness into trend-line support should be bought.

I think explorer's is the way to go if you are looking to play another leg up. Something like OK.V for example, a reserve report story with good "potential", which has just bounced off trend-line support. (no I didn't buy it - I am basically tapped out...but in different circumstances I would have bought it)

Any surge here would bring daily charts in line with the weekly and monthly charts where technical conditions are clearly at overbought.

Good trading

Bullet Bullet Bullet