<img src="http://i186.photobucket.com/albums/x317/thoma4124/RatioofJuniorstoGoldETFFeb2008.jpg" alt="Photobucket - Video and Image Hosting"><br><br>

2/25/08 Point and Figure chart shows we are back in a column of 'x's', indicating that demand is back in control for Junior gold stocks relative to the price of gold bullion. We are on the verge of a double top buy signal. I have been aggressively buying favored junior gold stocks into recent weakness.
2/15/08 This is a ratio of Canadian Gold Stock Performance Relative to the Gold Bullion Exchange Traded Fund GLD. Currently, this charts reflects the fact that Junior Gold stocks have substantially underperformed the gold bullion ETF. A print at 2950 would represent a double top buy signal - a point where we would expect junior gold stock to begin to outperform the gold bullion ETF.