Charmin Posted February 8, 2005 Report Share Posted February 8, 2005 There is something going on here and I think it means a great deal. It's like an IF ....THEN statement two things have to happen and it starts with Uncle Buck First IF uncle buck cannot find demand to break its weekly confluence in the 85/86 area which it presently is at then it must find demand lower and if it does not find it by 80 then it should in every sense of the word "crater" below 80 and set off a chain reaction that not even Sir Al can comprehend...... NEM is at long term confluence to the T...... if this is a setup with Uncle Buck turning down then we should see it very shortly..... if not THEN I don't know what to comprehend anymore.... take a look at Tim Ord's chart of NEM. I guess I need to hear his comments on the Leo Lyden show.. http://www.ord-oracle.com/radioshow.htm Link to comment Share on other sites More sharing options...
traderfromhell Posted February 8, 2005 Report Share Posted February 8, 2005 There is something going on here and I think it means a great deal. It's like an IF ....THEN statement two things have to happen and it starts with Uncle Buck First IF uncle buck cannot find demand to break its weekly confluence in the 85/86 area which it presently is at then it must find demand lower and if it does not find it by 80 then it should in every sense of the word "crater" below 80 and set off a chain reaction that not even Sir Al can comprehend...... NEM is at long term confluence to the T...... if this is a setup with Uncle Buck turning down then we should see it very shortly..... if not THEN I don't know what to comprehend anymore.... take a look at Tim Ord's chart of NEM. I guess I need to hear his comments on the Leo Lyden show.. http://www.ord-oracle.com/radioshow.htm <{POST_SNAPBACK}> Did Tim finally sell his GSS position? Link to comment Share on other sites More sharing options...
Charmin Posted February 8, 2005 Author Report Share Posted February 8, 2005 The XAU failed, so far, to accommodate our two threshold levels discussed in yesterday's commentary, ie, today's close over 91.40 to generate bullish momentum, and a weekly close over 91.20 to trigger a Bullish Squat. The next level of Fibonacci Cluster Support is within reach. http://www.feargreed.com Link to comment Share on other sites More sharing options...
Charmin Posted February 8, 2005 Author Report Share Posted February 8, 2005 The XAU failed, so far, to accommodate our two threshold levels discussed in yesterday's commentary, ie, today's close over 91.40 to generate bullish momentum, and a weekly close over 91.20 to trigger a Bullish Squat. The next level of Fibonacci Cluster Support is within reach. http://www.feargreed.com Link to comment Share on other sites More sharing options...
Charmin Posted February 8, 2005 Author Report Share Posted February 8, 2005 Tim's latest... "We double our positions in BGO on (7/30/04) at 2.34 and we now have an average price at 2.70. Long CBJ for an average of price of 2.75 (added to CBJ on 2/4/05 to bring average price to 2.75). Long NXG average of 2.26. Sold GSS on 2/4/05 for 44% loss and took proceeds and added to CBJ. Long PMU at average 1.12." There is something going on here and I think it means a great deal.? It's like an IF ....THEN statement two things have to happen and it starts with Uncle Buck First IF uncle buck cannot find demand to break its weekly confluence in the 85/86 area which it presently is at then it must find demand lower and if it does not find it by 80 then it should in every sense of the word "crater" below 80 and set off a chain reaction that not even Sir Al can comprehend...... NEM is at long term confluence to the T...... if this is a setup with Uncle Buck turning down then we should see it very shortly..... if not THEN I don't know what to comprehend anymore.... take a look at Tim Ord's chart of NEM.? I guess I need to hear his comments on the Leo Lyden show.. http://www.ord-oracle.com/radioshow.htm <{POST_SNAPBACK}> Did Tim finally sell his GSS position? <{POST_SNAPBACK}> Link to comment Share on other sites More sharing options...
Charmin Posted February 8, 2005 Author Report Share Posted February 8, 2005 AEM has fallen out of a consolidation pattern with todays breakout move. This move also breaks the support level at 12.5. Link to comment Share on other sites More sharing options...
Old Habits Posted February 8, 2005 Report Share Posted February 8, 2005 There is something going on here and I think it means a great deal. if not THEN I don't know what to comprehend anymore.... Charmin, thanks for your steadfast dedication to this thread. Still a good read. I think the only thing harder than this sector to comprehend is maybe the bond market. Link to comment Share on other sites More sharing options...
traderfromhell Posted February 8, 2005 Report Share Posted February 8, 2005 Shakeout before the breakout folks. Boring as hell to watch though and there could be more pain before we turn. The bastards are dead in the long run though. Link to comment Share on other sites More sharing options...
wxman Posted February 8, 2005 Report Share Posted February 8, 2005 nice gap close on XAU weekly closed Aug04 gap, just like the Mar03 dip closed the Oct02 gap chart from Grinandbarrett http://tinyurl.com/6zlq6 Link to comment Share on other sites More sharing options...
Charmin Posted February 8, 2005 Author Report Share Posted February 8, 2005 I'm usually wrong than right but here goes..... Trading range highs on the indices POG has a change of behavior with Uncle Buck now topping out at confluence area into a trading range high all equities break free of Uncle Buck moves and especially PM equities all demand is lost for Uncle Buck and it must find demand below 80 setting up a a banking event no one is able to comprehend at the moment.... It might be a crude spike..... nah, everything is a given.... Link to comment Share on other sites More sharing options...
GRINCH Posted February 8, 2005 Report Share Posted February 8, 2005 Shakeout before the breakout folks. Boring as hell to watch though and there could be more pain before we turn. The bastards are dead in the long run though. <{POST_SNAPBACK}> ....still 100% long and unmargined (93% metal and ice) (7% gold-stocks)....genius or idiot? Link to comment Share on other sites More sharing options...
GRINCH Posted February 8, 2005 Report Share Posted February 8, 2005 ....if there is any reason for a reversal of these two secular trends...then I have completely missed it...(of course, much can missed whilst living in a grinch-hole)... Link to comment Share on other sites More sharing options...
Charmin Posted February 8, 2005 Author Report Share Posted February 8, 2005 small springboard Link to comment Share on other sites More sharing options...
Guest Posted February 8, 2005 Report Share Posted February 8, 2005 buying nem right here @40.4 dharma accumulating over the next 2 months. Link to comment Share on other sites More sharing options...
Guest Posted February 8, 2005 Report Share Posted February 8, 2005 charms, look @fnm its down to key support. this could be the 1st big domino to collapse. dharma Link to comment Share on other sites More sharing options...
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