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1waving

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  1. One possible count, maybe slightly untidy with waves iv and i crossing a little, but may be looking at a near term corrective phase. Upper trendline resistance dates back to the peak in March '08, would be a positive if that resistance was broken prior to any corrective phase Possible wave v of 5 to come to break that trendline.
  2. One possible count, maybe slightly untidy with waves iv and i crossing a little, but may be looking at a near term corrective phase. Upper trendline resistance dates back to the peak in March '08, would be a positive if that resistance was broken prior to any corrective phase Possible wave v of 5 to come to break that trendline.
  3. Avocet Mining has eliminated it's entire gold collar hedge position and has made an exceptional gain of $24.8 million. Avocet are now fully exposed to the spot gold price. Certainly shows confidence.
  4. The possible A-B-C down from the all time high with the C wave breaking down into a 5 wave form looks to be in it's final wave v with just one more low to complete the pattern, probably in the next couple of days. Rapid price rejection from a new low would be a good start for a bullish move. .
  5. The possible A-B-C down from the all time high with the C wave breaking down into a 5 wave form looks to be in it's final wave v with just one more low to complete the pattern, probably in the next couple of days. Rapid price rejection from a new low would be a good start for a bullish move. .
  6. In wave v of 5 of a larger C wave now ----- close to a bottom - watching for the buy signal A rising support line from July '05 is now at about $770 --- just below the recent bottom ---- may be a good point to watch out for.
  7. Looks to have completed a wave 4 and now down into a possible wave 5 of the C leg down from the main A-B-C down from the peak over $1,000. So far this possible 5 waves down is pretty well behaved and now looking for that fifth wave to break down into it's own 5. We should see a new recent low if that happens. There's also rising trendline support currently close to $770 running up from July 05 --- that may prove to be strong support. Minus development / rapid and sustained rejection up from around that $770 area would give a kiss it goodbye effect and would signal an important low. ------ Just one of many scenarios that may happen, but maybe one to look out for. .
  8. Interview with Frank Barbera on Seeking Alpha extract:-- Maybe we’ll see junior mining stocks springboard off of a bottom here in the weeks ahead with real relative strength and the renewed buying interest that has been absent over the last three to four years. What I think we can do is recognize it if and when it happens. We need to be on the lookout for a big improvement in volume in the juniors, a nice kickoff with good breadth and high volume in the seniors. It’s not impossible that the mining stocks could launch into a strong uptrend and end up being a safe haven place within a bear market. Right now it’s a little bit too soon to make that call. _________________________ http://seekingalpha.com/article/92863-fran...-all-time-highs Look for an up move with volume picking up on the CDNX.
  9. Excellent interview with Rob McEwen. 'Legendary mining executive Rob McEwen has been associated with the resource industry for 29 years. Currently Chairman and CEO of U.S. Gold Corporation (UXG) and Lexam Explorations, he was the founder and former Chairman and CEO of Goldcorp Inc. (GG).' 'RM: Yes, I believe that by the end of 2010, we’ll be seeing $2,000 gold, and before the gold cycle is out, it will go up and touch $5,000, and that will be the end of the mania phase.' http://seekingalpha.com/article/92344-inte...t-shining-again
  10. Excellent interview with Rob McEwen. 'Legendary mining executive Rob McEwen has been associated with the resource industry for 29 years. Currently Chairman and CEO of U.S. Gold Corporation (UXG) and Lexam Explorations, he was the founder and former Chairman and CEO of Goldcorp Inc. (GG).' 'RM: Yes, I believe that by the end of 2010, we’ll be seeing $2,000 gold, and before the gold cycle is out, it will go up and touch $5,000, and that will be the end of the mania phase.' http://seekingalpha.com/article/92344-inte...t-shining-again .
  11. Looks like it has been drawn as a parallel from the bottom support line, with the top of wave 2 as the one contact point. ( second contact point not needed. ) .
  12. Thanks for that addition, should have spotted the wave iv resistance at the recent high as possibly being the A leg peak with the B and C still to come ( Although there may have been an A-B-C up already ) The next week or two should complete the overall pattern down from the all time high as what looks like a corrective A-B-C, just a little concerned by the possible impulsive nature of the C leg and if it forms 5 down. With seasonality favouring a move up in September, looking for a bullish move then.
  13. One possible count which would call for a wave 5 down from here -- this whole move down looks quite impulsive but the fundamentals argue against that being the first leg down of a major correction. Still bullish but waiting to see what the chart does in the near term.
  14. Time for a chorus of 'I See a Bad Moon Rising' then ---- Or is that just a shaggy werewolf story. .
  15. AIM listed Avocet Mining today announced it has made a significant reduction in it's gold collar hedge position to increase exposure to the spot price. Avocet completed it's buy back of sold call options on Aug 15th over 65,000 ounces of gold with a strike price of $755, a reduction of 34% from it's previous collar hedge position. This means all gold sales will be at spot prices, or $600 dollars if higher, up to at least June 2010. As a junior that shows very strong confidence in itself and that the present dip in gold is a bullish opportunity. They could be pretty much spot on with their timing. .
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