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Monthly Digger - August 2011


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After reading an article about Goldman owning warehouses full of aluminum and potentially other metals, and then slowing down what is going out of those warehouses I wonder if the same situation could be going on with gold and silver being stored away. Move it along just a little bit slower.

 

http://www.reuters.com/article/2011/07/29/us-lme-warehousing-idUSTRE76R3YZ20110729

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After reading an article about Goldman owning warehouses full of aluminum and potentially other metals, and then slowing down what is going out of those warehouses I wonder if the same situation could be going on with gold and silver being stored away. Move it along just a little bit slower.

 

http://www.reuters.com/article/2011/07/29/us-lme-warehousing-idUSTRE76R3YZ20110729

 

Aluminum has been called metal energy.

It requires massive amounts of energy to make.

Alcan did very well (in the past) as it had a cheap hydro electric source.

This is a play on energy.

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I think it was TraderfromHell that liked UXG. Maybe my brain is playing fits with me, but it could be the second time I've noticed the potential for a reverse head/shoulders formation. Kinda.

 

The one now is also $2 from the neckline. That puts it back near the old highs.

 

http://www.StockSharePublishing.com/ChartLib/UXG_08_02_01_29_1312262971.png

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I think it was TraderfromHell that liked UXG. Maybe my brain is playing fits with me, but it could be the second time I've noticed the potential for a reverse head/shoulders formation. Kinda.

 

The one now is also $2 from the neckline. That puts it back near the old highs.

 

http://www.StockShar..._1312262971.png

 

That's a hump and dump into a waterfall with the new formation ending in a handle for the cup. Waterfall cancelled the any possible head and shoulders.

 

Sit back, strap yourself in and prepare for launch.

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I think it was TraderfromHell that liked UXG. Maybe my brain is playing fits with me, but it could be the second time I've noticed the potential for a reverse head/shoulders formation. Kinda.

 

The one now is also $2 from the neckline. That puts it back near the old highs.

 

http://www.StockSharePublishing.com/ChartLib/UXG_08_02_01_29_1312262971.png

 

That's our boy Mac the Miner. More trustworthy than most of the lot I would say.

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I raised 10% cash and started countdown to correction

ageka - have you noticed that the long cycle takes dominace over the short cycle? i am looking for this top to come aug/oct . i still think this leg has more to go. just my 2c

dharma

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ageka - have you noticed that the long cycle takes dominace over the short cycle? i am looking for this top to come aug/oct . i still think this leg has more to go. just my 2c

dharma

 

What do you call long cycle and short cycle in this case ?

I have maximum probability of a peak on august 16 and increasing daily

The old Seven system .

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