Gold Majestic Posted March 7, 2005 Report Share Posted March 7, 2005 Longer term IVN (HUGO) chart that was posted August 13th. Link to comment Share on other sites More sharing options...
Gold Majestic Posted March 7, 2005 Report Share Posted March 7, 2005 Bought GSS @ 2.96 on Friday - all in. Ugly chart but fundamentals dictate a turn around. goobs out Link to comment Share on other sites More sharing options...
Guest smsc Posted March 7, 2005 Report Share Posted March 7, 2005 GoldMajestic: You have a unique way with charts. Link to comment Share on other sites More sharing options...
stanley Posted March 7, 2005 Report Share Posted March 7, 2005 GoldMajestic: the chart looks as if a man face down ... But I feel it is like a map of USA, Gold hunters are heading to DC & NYC area, see if the confiscated gold can be returned Link to comment Share on other sites More sharing options...
bearvest Posted March 7, 2005 Report Share Posted March 7, 2005 PAAS: PAAS and HUI have identical counts. Topping in mid-December, PAAS had a classic zig-zag down into the February 8th low. It hit its MACD low in the 3rd wave of c, which is unusal. The long 4th and 5th's of the c wave set up a positive divergence in MACD. Most commentators were early on the bullish side. Thereafter, it put on a very bullish rally, sending MACD soaring above the zero line. Things looked very bullish until last week. As the chart indicates, the overlap leaves a 3 wave corrective pattern on the chart. PAAS and HUI have the overlap. In my opinion, this is an anchor that will drag on the bullish XAU. PAAS and HUI must trace out their b and c waves to this short a wave rally while ABX goes through abbreviated 4 and 5th's. Only then, in my opinion, can the miners put on a sustained rally. Link to comment Share on other sites More sharing options...
Charmin Posted March 7, 2005 Author Report Share Posted March 7, 2005 Monday thread started... Link to comment Share on other sites More sharing options...
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