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Gold shares/potential correction

Anyway I look at it the chart of the HUI has a completed five wave Bull move....and calls for a drop down to the area of the previous fourth wave...the worst case would be the 100 area plus or minus a bit....if you look at the weekly or monthly chart of the HUI it's difficult to miss the five waves in a near perfect channel....this in no way guarantees a selloff is coming...but I have gotten out of the way of this formation by selling all my Gold holdings....not the bullion coins.....as a matter of fact I bought more coins....because I do believe the metal will be going up regardless of what the shares do....so the amount of my holdings that I want to have in Gold are now 100 percent in Gold coins and zero percent in Gold shares....I will forego any spectacular gain in the shares and settle for the smaller gain percentagwe wise in the gold coins....this because of the apparent completed 5 wave move in the HUI....however be aware interpreting wave counts is a sometimes useless endeavor....however again this
wave count is so obvious I cant ignore it.....look forward to $630 Gold by early 2005.....and a severe correction in the Gold shares while this is happening....no...Alzheimers has not set in...not just yet....Commodore Ron

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Emerald.