( 02/05/09 )  The below Ribbon chart of the Gold Mining Index ( GDX ) captures the local decline in the Gold Stocks. The U.S. Dollar index has broken out above it's 200 day moving average which is significant and suggests more negative pressure on precious metals.       However, the below GDX ribbon chart displays good support at this level, so a move Up may occur.   Gold Miners ( GDX )  Ribbon Chart

 

( 10/30/09 ) Gold mining stocks as measured by the $HUI Gold index have enjoyed about a 90% move up from their October, 2008 Low. Presently the HUI Gold index is in a local Decline, so caution is appropriate. The major expected turning point for Gold is of course a move Up by the US Dollar.  Gold stocks have  vastly outperformed all major market indices over the past 8 years. But because Gold and Gold stocks exhibit strong local declines, it is difficult to hold. Perhaps, market guru Richard Russell is right when he says " Buy some Gold and forget about it. "        The CCP ( Cruise Control Portfolio ) tables include the ranking of numerous Gold stocks. Below are the  HUI Gold stock   components CCP optimization chart and table.    This table will be useful only when Gold stocks are in a well defined Uptrend.               Note: When minus signs appear in the above CCP table a weakening trend is to be expected.        It will be critical to monitor the Dollar index as it's movement  impacts  all commodities including Gold, Silver and  Oil.         Major Gold Stocks      Gold(USAGX) compared to the  S&P500 The Gallery Gold  chart displays Gold(USAGX) in both short and long term time frames. The Gold Point & Figure chart from the Privateer perhaps is the best chart for determining where Gold is at.

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  U.S. Dollar Index ETF  (UUP ).

   

  Comex Gold Weekly

  
  
   

  USAGX, XAU, HUI, GDX, GDXJ, Gold Indexes Chart  XAU Gold & Silver Index Chart  shows the "Gold Stocks" volatility and trading range.   XAU Gallery Chart

   

• Long-Term $US 5 x 3 Gold Chart Since The 1982 Low From Australia's The Privateer

   

  GDX Gold Stocks ETF   Market Vectors Gold Miners (GDX) Profile, chart, etc from Yahoo  Market Vectors Gold Miners (GDX) Gallery Chart, from StockCharts

  
  
  
  
  
  
  
  
  
  
   

  ETF

  Street Tracks Gold Trust

  GLD

   

  ETF

  Ishares COMEX Gold Trust

  IAU

   

  Another way to hedge against the U.S. Dollar.   Platinum ( PPLT ) and Palladium ( PALL ) ETFs .   Relevant article from ETFtrends.com

   

• Central Gold Trust (AMEX: GTU). GTU is a closed-end fund that owns gold bullion (only gold bullion), which is stored in a Canadian bank vault. The fund is run by the same folks that run Central Fund of Canada (CEF), which differs from GTU in that it owns both gold and silver.   GTU, CEF, GLD Perf Chart

  
   

  PowerShares ETN DB Gold Short ( DGZ ) DGZ Chart

   

  Gold ($GOLD) chart. US Dollar Index ($USD) chart. US Dollar / EURO ($USD: $XEU ) Chart EURO / US Dollar ( $XEU:$USD ) Chart British Pound / U.S. Dollar Chart Yen / U.S. Dollar Ratio Chart Australian Dollar / U. S. Dollar Chart Canadian Dollar Index ($CDN) chart. Canadian Dollar Analysis. 30 Year US Bond Yield( $TYX ) chart. 30 Year US Bond Price( $USB ) chart. Commodities Research Board Index ($CRB) M 3 Money Supply Chart ( Economagic.com ) Velocity of Circulation ( Economagic.com )

   

  Is 2009 the Year for Gold?

   

  GDX -  ETF for precious metals stocks Jack Chan www.traderscorporation.com May 23, 2006

   

  Weighing gold miners against the metal By John Spence & Myra P. Saefong MarketWatch Last Update: May 5, 2006

 

Gold and Multiple Time Frames Comment

 

What About Gold?( 01/31/05) Richard Russell When asked "What about gold in this environment of gradual inflation?", Russell replied that he never worries about the price of gold. Gold is real money, he points out, and at some point in time it's going to skyrocket in price, taking gold stocks along with it. Russell believes that a person should decide on an amount of gold that's right for them, buy it and then forget about it. It's like an original Picasso or an autographed letter from George Washington: you just keep it, knowing it represents the safest part of your wealth, knowing you can will it to your children or grandchildren. What Russell does worry about is dollar denominated assets, because in a primary bear market like the one that is getting underway, everyone loses; the winner is the one who loses least.

 

A Christmas Card From James Grant Richard Russell Russell discusses James Grant's views on what an investment in gold really represents. It is not, he says, a commodity to be bought and sold in hopes of turning a profit. You don't own real money to trade; you own it because you appreciate the inherent weaknesses of fiat currencies. History shows us that, eventually, all fiat currencies fail. The US dollar is set to become the next casualty, although it may take a few years to dwindle away to worthlessness. One way of prolonging the dollar's life is to spend less and save more, a sure-fire recipe for recession, and something the Fed wants to avoid at all costs. To that end, they will continue printing dollars and inflating away their value. And there it is - the real reason for owning gold. http://www.selectsectors.com/russ122904.htm




The Merk Hard Currency Fund ( MERKX ) is a no-load mutual fund that invests in a basket of hard currencies from countries with strong monetary policies assembled to protect against the depreciation of the U.S. Dollar relative to other currencies.

 

Franklin Templeton Hard Currency Fund ( ICPHX ) ( This is another way to defend against a U.S. Dollar Decline) ICPHX Chart

 

Another approach to defending against the decline of the U.S. Dollar is to invest in nondollar-denominated securities, such as Fidelity International Small Cap(FISMX), Dodge & Cox International Fund (DODFX) and Vanguard International Explorer(VINEX). Checkout their performance chart: The above is for information only and is not a recommendation.

 

ShareLynx Gold Page ( Free Charts ) ShareFin Gold Lease Rate Charts

 

Kitco Gold Lease Rates

 

Gold-Eagle Gold Fund Index

 

Great Gold summary from the Privateer From the Privateer Gold Charts in Euro, Aus. Dollars, U.S. Dollars, and Yen.

 

Jim Sinclair's Mindset

 

Current Gold Market Commentary

 

Top daily Gold news stories from the Bullion Desk

 

Gold Forums Kitco Gold Forum 321GOLD USA GOLD Gold Eagle

 

GATA Extraordinary Popular Delusions, The Madness of Crowds... The above describes the Chart aspects of FSAGX . For an understanding of Gold Fundamentals: http://www.usagold.com http://www.kitco.com http://www.gold-eagle.com Gold-Eagle comments on Fidelity Select Gold ( This was extracted from their post on Kitco Gold Chat ) Sir ORO comments on Fidelity Select Gold ( This was extracted from a post on www.usagold.com/cpmforum/ ) Fidelity Select Gold ( FSAGX) Home Page