i posted this a while back on the gold thread about what pru can...

i posted this a while back on the gold thread about what pru can do relative to spot movement, and as i found out then looking at the double bottom in gold spot and taking a position in pru to see a gold bounce to 1400-1300 (17% move,

well anyway what came out of this analysis was that for every 1% move in spot, pru will move 5%.

so far so good, gold up 2% last night you do the maths on pru's closing price, its a shame it opened @ the 10%.

BUT whats interesting is that if the ratio of 5:1 is used as an estimate then the fact PRU has moved 90% since the double bottom in PRU's SP as apposed to a 6% move in gold spot, which then would assume PRU's shareprice is already priced @ a spot price of 1400...

the fact gold has moved 6% from its lows you would expect something more along the lines of 30% gain in PRU SP from its lows, maintaining the 5:1 ratio as a rule of thumb from previous movements in GOLD VS PRU.

anyway, this wont take away from the fact that once gold breaks its short term resistance @ the 1268 area pru still has upside to .63 area with the .42 area of importance as it could be a parabolic move, with .42 being B2.