Guest fred Posted November 23, 2006 Report Share Posted November 23, 2006 not much it seems Link to comment Share on other sites More sharing options...
HollandPark Posted November 23, 2006 Report Share Posted November 23, 2006 Gold's UP since that was written. Dollar slide continues, and is getting serious Link to comment Share on other sites More sharing options...
drbubb Posted November 25, 2006 Report Share Posted November 25, 2006 IMPORTANT Resistance level. I just noticed that the gold shares (GDX) have bounced back to an important level For the Bull's sake, it needs to power through here on big volume next week. If it fails to do so, Gold shares may begin a renewed slide. Yesterday was a "half day", so perhaps Friday's volume was not so meaningful, but I would like to see more. I did some significant selling/ profit-taking yesterday. Nest week's action will tell if I should have done more Link to comment Share on other sites More sharing options...
drbubb Posted November 30, 2006 Report Share Posted November 30, 2006 AFTER banging on the ceiling, Gold has finally broken out over $644 Link to comment Share on other sites More sharing options...
frizzers Posted December 2, 2006 Report Share Posted December 2, 2006 http://www.kitco.com/ind/Field/nov282006.html Link to comment Share on other sites More sharing options...
HollandPark Posted December 2, 2006 Report Share Posted December 2, 2006 What is the next resistance level for gold? Link to comment Share on other sites More sharing options...
frizzers Posted December 2, 2006 Report Share Posted December 2, 2006 648? Link to comment Share on other sites More sharing options...
Kickstart Posted December 4, 2006 Report Share Posted December 4, 2006 I think it is $650. Link to comment Share on other sites More sharing options...
silverharp Posted December 4, 2006 Report Share Posted December 4, 2006 did anyone catch fsn over the weekend, anyone any comments about any of the companies profiled? Link to comment Share on other sites More sharing options...
webmaster Posted December 4, 2006 Author Report Share Posted December 4, 2006 Silverharp, There's a whole thread on those companies, including their charts Link to comment Share on other sites More sharing options...
frizzers Posted December 8, 2006 Report Share Posted December 8, 2006 Link to comment Share on other sites More sharing options...
drbubb Posted December 9, 2006 Report Share Posted December 9, 2006 Gold shares have underperformed* Gold in recent weeks, says Financial Sense. Here, we see that the Gold share index (HUI) ... update ... rose to he upper Bolly, and then fell back. It need to hang in there, and rally back, to "stretch the Bolly", if we are to see a breakout Here's a Daily chart of GDX ... update ... which shows a Double Top, and a pullback to expected support at GDX-$40. The OBV still looks healthy, and so I do expect the $40 support to hold. = = = *Actually, HUI has moved up more than gold, but not as fast as the usual 3x to 5x move that is common Link to comment Share on other sites More sharing options...
webmaster Posted December 11, 2006 Author Report Share Posted December 11, 2006 From the TFNN broadcast: (friday, 1:42) apparently Jim Rogers has said, "I will see $10,000 gold in my lifetime", and he sees some possibility of $1 million gold... if we see a currency collapse Link to comment Share on other sites More sharing options...
silverharp Posted December 11, 2006 Report Share Posted December 11, 2006 From the TFNN broadcast: (friday, 1:42) apparently Jim Rogers has said, "I will see $10,000 gold in my lifetime", and he sees some possibility of $1 million gold... if we see a currency collapse He has changed his tune, he always said gold would go up but less than most other commodities, is he less bullish on the base metals? Link to comment Share on other sites More sharing options...
No6 Posted December 11, 2006 Report Share Posted December 11, 2006 From the TFNN broadcast: (friday, 1:42) apparently Jim Rogers has said, "I will see $10,000 gold in my lifetime", and he sees some possibility of $1 million gold... if we see a currency collapse That would be some collapse, but surely paper money would effectively be worthless in this scenario? It wouldn't be worth counting as you couldn't keep up with the rate at which it was falling. What would $1million buy (other than an ounce of gold)? Link to comment Share on other sites More sharing options...
drbubb Posted December 12, 2006 Report Share Posted December 12, 2006 I heard Jim Rogers today. Frizzers asked him about that "$10,000 per ounce" and he denied every saying it = = SPY looking shakey today Link to comment Share on other sites More sharing options...
drbubb Posted December 14, 2006 Report Share Posted December 14, 2006 Gold correction may be over We have just bounced off support at 40 for GDX : chart = eqv.HUI-340 If that doesnt hold over the next few days, there is support just below it at GDX-38 Link to comment Share on other sites More sharing options...
harvipark Posted December 14, 2006 Report Share Posted December 14, 2006 Gold correction may be over We have just bounced off support at 40 for GDX : chart = eqv.HUI-340 If that doesnt hold over the next few days, there is support just below it at GDX-38 Just had this land in my mail box and this chap is bearish on short term gold. Link I am no chartist but I dont see a major pullback happening at this time Any thoughts on his Elliot wave interpretation? Link to comment Share on other sites More sharing options...
drbubb Posted December 14, 2006 Report Share Posted December 14, 2006 Here's Allard's EW count Mine would be different, with the latest 5 waves up following an A-B-C correction (my C= his By this thinking, we are in a pullback, with more legs up to follow However, i must warn: You should trade as if "Anything can happen". (The recent "restrained action" in the major gold shares could be considered mildly supportive of Allard's interpretation rather than mine. But most of my juniors have done very well, and so that helps keep me optimistic.) Ultimately, it may depend on whether or not the dollar resumes its sharo decline, as I expect soon. And even if I am right, we may have only seen the a wave down on an a-b-c correction Link to comment Share on other sites More sharing options...
harvipark Posted December 14, 2006 Report Share Posted December 14, 2006 However, i must warn: You should trade as if "Anything can happen".(The recent "restrained action" in the major gold shares could be considered mildly supportive of Allard's interpretation rather than mine. But most of my juniors have done very well, and so that helps keep me optimistic.) Ultimately, it may depend on whether or not the dollar resumes its sharo decline, as I expect soon. And even if I am right, we may have only seen the a wave down on an a-b-c correction I am in gold for the long term so I am prepared for a certain amount of volatility. I wouldnt want to jump in and out of the market with some of the relatively small movements we have seen recently. Only if we see another pullback similar to the one we saw in May would I be tempted to try to time the market. I think my major concern is the sliding pound/dollar exchange rate. I would like to invest in Uranium and some soft commodity ETF's, but for now I am very nervous of any investment denominated in dollars. Link to comment Share on other sites More sharing options...
drbubb Posted December 14, 2006 Report Share Posted December 14, 2006 "I wouldnt want to jump in and out of the market with some of the relatively small movements we have seen recently" PERHAPS I SHOULD explain how I do it, so you can understand how I can make this volatility work for me. I have a large portfolio of Junior miners and explorers, with most of them acquired thru private placements, where I generally bought at a discount to market, and acquired some free warrants at the same time. My rule is: When it doubles, sell half. Quite a number if these cheapies do double, and if the upward volume is strong, then i will let them run before selling down to my "HALF level." Others are less strong, and after the 4 months hold is up, they may look as though they do not have the momentum to make a double. In any case, when gold is running, I often have a number of shares trading at/near my target levels, and so pushes up tend to generate some selling, realising cash for further investments. THUS, my sales, on the upthrusts in volatility, tend to be sales with nice profits being realised. I will then sit on the resulting cash for a while, until gold looks ready to finish ist next price dip, whenever that may be. I then reinvest the cash in other stocks which have interesting stories, and attractiev charts. I try to buy them when they are at expected inflection points, and are set to breakout soon. THUS, my sales on jumps, and buys on dips, ten to be moving money from fully valued junior miners, into those that still look cheap. The volatility works for me! Link to comment Share on other sites More sharing options...
Yogi Posted December 14, 2006 Report Share Posted December 14, 2006 Copied from main monthly comments thread: GOLD: Been looking at some MA's on the long term daily charts. 100 has crossed under the 200 for the 1st time in 18 months (pretty bearish I'd say). But the 50 is looking lively and is poised to blast back up above the 200 very shortly (nicely bullish). So... looks like it's crunch time. I'm staying on the sidelines for the moment. Have a hunch that the critical 300DMA is gonna be tested again. This has held but been bounced off many times throughout the bull market. If we come down and bounce off it at around $600 then I'm in - otherwise risk / reward looks a little shaky for now. (Still got my long term fund holdings of MLG&G though). Link to comment Share on other sites More sharing options...
drbubb Posted December 19, 2006 Report Share Posted December 19, 2006 Turk's explanation for the Friday plunge: http://news.goldseek.com/JamesTurk/1166457660.php Link to comment Share on other sites More sharing options...
No6 Posted December 29, 2006 Report Share Posted December 29, 2006 Is this a reason to be bullish on gold next year, or are the goldbugs simply in the wrong market? The masses may be turning. From a Selfridges spokeswoman. She said the store had sold out of luxury gifts such as a £5,000 gold chocolate fountain, and had sold thousands of £19 packs of a liquid which turns bathwater golden. John Lewis said sales in its stores around the country were 12 per cent up on last year. http://www.thisismoney.co.uk/news/article....e_id=2&ct=5 Link to comment Share on other sites More sharing options...
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