ThorAss Posted August 16, 2004 Author Report Share Posted August 16, 2004 I hate to say it but the action today says to me some kind of top isn't far away. If so, maybe the pullback will just be the kind of one designed to get the smart rich people looking smarter and richer. It would seem that nobody is trying to push the price down. Just waiting for it to rise to them. Link to comment Share on other sites More sharing options...
Moon Man Posted August 16, 2004 Report Share Posted August 16, 2004 Nice chart LAC.(Lucid and Confused) NXG is one of my larger holdings as well. Thor, stays clear of the market today? Nova is my first love, at least until the summer finishes...in fact, she is like a warm summer breeze.... Link to comment Share on other sites More sharing options...
anjing bau Posted August 16, 2004 Report Share Posted August 16, 2004 NEM is less than 2 % away from breaking the local resistance of 42.70.... RSI is 2 60.1 right now...... There is gap just under 45.... volume is not convincing however.... Like to see a 5 million share day but I don't think we will get there today Link to comment Share on other sites More sharing options...
ThorAss Posted August 16, 2004 Author Report Share Posted August 16, 2004 Was long NEM but am now flat. Really should have stayed with it. Can't say I had a good enough reason to close. However, SMH was long, now flat, small loss. Was up nicely in that one then the SOB pulled all the way to 1 cent above my STOP and recovered. Didn't like the way it was flagging so closed. It then proceeded to go a little higher before falling through my stop then takes off like a rocket and is now once again pulling back. Tricky! Been played with the OBV (On Balance Volume) with NEM. Very interesting and very encouraging if you are of the bullish persuasion. Doesn't tell me another pullback isn't coming just that it is likely that higher prices lie beyond. Link to comment Share on other sites More sharing options...
Old Habits Posted August 16, 2004 Report Share Posted August 16, 2004 I like the way this chart looks, thoughts from the intelligensia?? NXG is also one of my larger holdings. I'm not a chart guy, but that seems pretty good. Link to comment Share on other sites More sharing options...
Old Habits Posted August 16, 2004 Report Share Posted August 16, 2004 Nice move in HL today. The bottom line: NEM extending its' rally is absolutely critical if the pm's are gonna move higher. JMHO Would like to see KGC start to get some bids. SA's hanging in. Tommorrow we get to see. Link to comment Share on other sites More sharing options...
anjing bau Posted August 16, 2004 Report Share Posted August 16, 2004 Keep an eye on GG MDG and RGLD as well for a break of resistance... Link to comment Share on other sites More sharing options...
traderfromhell Posted August 16, 2004 Report Share Posted August 16, 2004 Tiger took the apple again. Needs to swallow his rather large ego and go back to his old swing coach Butch Harmon and get his shit together. Yes. Isnt golf boring when Tiger doesnt win it all the time? It was much better when no one else had a chance. ...sometimes it seems that way.... Although I'm sure TFH will not agree on this one. Rally seems broad to me. Stockmarkets, commodity-and goldmarkets and the Dollar rally. DROOY and KRY are the big winners. Later dudes. I like it better now that he doesn't win all the time. don't want him to break Nicklaus' record. Link to comment Share on other sites More sharing options...
Ander Posted August 16, 2004 Report Share Posted August 16, 2004 I like it better now that he doesn't win all the time. don't want him to break Nicklaus' record. While its kindof ironic, I kindof DID like it when he always won. Its like when the market is trending strongly....its a lot easier to understand the action. Link to comment Share on other sites More sharing options...
traderfromhell Posted August 16, 2004 Report Share Posted August 16, 2004 What does "taking the apple" mean? I know where the big apple is, does that help? Yes, Dogs on Wall Street have been getting regular facelifts for years. To choke. Get the apple up. As in Adam's Apple. Women can choke too. Link to comment Share on other sites More sharing options...
The CoinGuy Posted August 16, 2004 Report Share Posted August 16, 2004 Here is my weekly chart on NEM, I'm holding out for 45.65, if my indicators hang in there...Will buy the pullback. NXG, one of my larger holdings as well. Erratic chart patterns to the plus side, but the corrective sequences are an easy read. Best, The CoinGuy Link to comment Share on other sites More sharing options...
traderfromhell Posted August 16, 2004 Report Share Posted August 16, 2004 Maybe volume comes in as we attack the old lows on the way up but this is what I mean about low volume rallies. Nice move up off the bottom though. Link to comment Share on other sites More sharing options...
The CoinGuy Posted August 16, 2004 Report Share Posted August 16, 2004 ... Link to comment Share on other sites More sharing options...
Gold Majestic Posted August 16, 2004 Report Share Posted August 16, 2004 Nice chart LAC.(Lucid and Confused) NXG is one of my larger holdings as well. Thor, stays clear of the market today? Nova is my first love, at least until the summer finishes...in fact, she is like a warm summer breeze.... NOVA! ? she be nothin but a HO i says! a freaken two-timin HO! she been my first love too but didn't know she be sleepin around, an on the moon of all places! oh well, i still loves mah sweet lil tender darlin as i carresses her softly in a romantic moonlight wisperin sweet nothins into her big ears. . . Welp goobers - done went an did it - broke mah promise to self not to "splurge in" but to "average in" - but after gittin up this moanin for the Ivanhoe Mines conference call - i just had to buy some mo gold stocks!!! i just couldn't resist DROOY at $1.85 so i confesses - that was me that done drove the price up - but i may shoot myself tomorrow moanin iffin gold poops out. but good news was the strong close on the gold indexes - unlike the usual strength at the open and fade into the close. so atleast we have that goin for us since Friday!!! welp goobers - i guess i can say i knew HUGO was gonna pop today and quite possibly i loaded up the Queen Mary at the bottom last week. Friedland confirmed my view posted over the weekend that China, Japan, and other large Asian consumers of copper would be chomping at the bit to take a stake in the development of this enormous mining region. On the call, Friedland said that although Ivanhoe has been in ongoing talks with as many as 16 major mining companies over the past year, that because of signed confidentiallity agreements it cannot disclose details until those agreements expire. But more importantly that Ivanhoe Mines is currently in "very well advanced discussions" with Chinese, Japanese, South Korean, etc "state-owned companies" including copper smelters and trading houses to participate in the funding for the $1 billion development of the Turquoise Hill (Oyu Tolgoi) project "the largest greenfields copper development in the world." :grin: _____________________________________________________________________________ Sunday "Also scanning the news wires, looks like HUGO might have found a new partner - this probably gets mentioned on Monday's conference call." "China's limited sources of ore prompted local producers to invest abroad to secure supplies. Jiangxi Copper, which relies on imported concentrate for 25 percent of its needs, said it is in talks with Ivanhoe Mines Ltd. to develop gold and copper deposits in Mongolia and Myanmar." http://quote.bloomberg.com/apps/news?pid=1...M&refer=top_wor goober out Link to comment Share on other sites More sharing options...
traderfromhell Posted August 16, 2004 Report Share Posted August 16, 2004 Although I am a buyer rather than a seller mid term I would watch for a pullback near here.or slightly higher. Three White Soldiers. This is a bullish pattern. However it would have been better lower rather than into resistance. Watch yer butt here. Link to comment Share on other sites More sharing options...
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