Charmin Posted March 22, 2005 Report Share Posted March 22, 2005 Well, they got POG down to 430 support area and silver near 7.10 The worst case scenario is Buck is gaining momo - I hate to say that some think POG goes to 410.... Keep you eye on silver.. Link to comment Share on other sites More sharing options...
Charmin Posted March 22, 2005 Author Report Share Posted March 22, 2005 This was the note for Monday: "The Gold & Silver Index (XAU -2.74% ) was a standout laggard while the US dollar found strength." Link to comment Share on other sites More sharing options...
traderfromhell Posted March 22, 2005 Report Share Posted March 22, 2005 Bugz gotta hope the Dollar disconnects from Gold cause if it don't there will be more pain short term. The metals could rally from here or slightly lower but I think the Buck rally has some legs left. 87-88 minimum before making a new low perhaps as high as 92. Link to comment Share on other sites More sharing options...
bearvest Posted March 22, 2005 Report Share Posted March 22, 2005 NEM: It's the lead dog. Over the last 2 weeks, it had a corrective, overlapping pattern. Until Monday, that is. I thought it may have been a series of abc's. The pattern is clear on the intra-day chart. In fact, it may be more bearish. It could be a series of 1 and 2's setting up a corresponding series of 3rd of 3rd's. Action tomorrow and Wednesday should help. If the gap on the intra-day proves to be gap resistance, we should go lower and run the risk of a complete retracement of the February 8th lows. I'm not saying this is the pattern. Only Prechter could envision three 1-2 patterns in a row. But it bears warning when taken with the dollar rally above 81.47, the C.O.T reports, and an F.O.M.C. meeting that may disappoint the Bondsmen who may drive rates (and the dollar) higher. Link to comment Share on other sites More sharing options...
trinharder Posted March 22, 2005 Report Share Posted March 22, 2005 SSRI Gap fill and 1.618 extension may be a buy point. If it gets there, I'll likely buy a little. Link to comment Share on other sites More sharing options...
Charmin Posted March 22, 2005 Author Report Share Posted March 22, 2005 daily ICE Link to comment Share on other sites More sharing options...
Old Habits Posted March 22, 2005 Report Share Posted March 22, 2005 Bugz gotta hope the Dollar disconnects from Gold cause if it don't there will be more pain short term. The metals could rally from here or slightly lower but I think the Buck rally has some legs left. 87-88 minimum before making a new low perhaps as high as 92. <{POST_SNAPBACK}> Are you Steven Saville? If the buck goes to 92 the POG will be back at 350. Remind me to sell next time Feed Fool or Maxxi Miser shows up here. Link to comment Share on other sites More sharing options...
traderfromhell Posted March 22, 2005 Report Share Posted March 22, 2005 Bugz gotta hope the Dollar disconnects from Gold cause if it don't there will be more pain short term. The metals could rally from here or slightly lower but I think the Buck rally has some legs left. 87-88 minimum before making a new low perhaps as high as 92. <{POST_SNAPBACK}> Are you Steven Saville? If the buck goes to 92 the POG will be back at 350. Remind me to sell next time Feed Fool or Maxxi Miser shows up here. <{POST_SNAPBACK}> Buck went from 120-80. A rally to 92 is less than a .38 retrace. U thought this would be ez? Relax this is going to take some time. Link to comment Share on other sites More sharing options...
Ander Posted March 22, 2005 Report Share Posted March 22, 2005 I sold my PTF at 16, for a 40% gain + ~8% in dividends over the last 9 months. I'm worried about how much farther oil can really go in this leg, and the last 3 months have been parabolic in that stock, and its outperformed most of the other canroys significantly. Used it to buy GSS & SSRI @ 2.85 and 12.80. (what else?) We'll see later if it was a good move or not... I plan to buy it back on a big dip, especially if the metals stocks are up at that point. Link to comment Share on other sites More sharing options...
AgentSmith Posted March 22, 2005 Report Share Posted March 22, 2005 Drooooooooooooooopy! Maybe these 2500 lotto tickets will pay off! (course, it's only marginally offsetting the losses I'm incurring in other gold stocks). Saving/raising $ to once again buy this drop....this is getting old I must say, but if AU ever gets on a tear...wow I'll be loaded! Link to comment Share on other sites More sharing options...
bearvest Posted March 22, 2005 Report Share Posted March 22, 2005 XAU: Third of third now appears to be in. After a small correction in wave iv, we should see wave v which ends wave 3. By then, the first signs of negative divergence should appear on the daily MACD. Link to comment Share on other sites More sharing options...
traderfromhell Posted March 22, 2005 Report Share Posted March 22, 2005 Bear spot on calls on the miners. Don't fight the COT. Link to comment Share on other sites More sharing options...
traderfromhell Posted March 22, 2005 Report Share Posted March 22, 2005 Couldn't take out 9.40. Bang yer dead. Link to comment Share on other sites More sharing options...
Ander Posted March 23, 2005 Report Share Posted March 23, 2005 I was really surprised by the reaction after the fed move. They didnt change anything, wasnt a surprise raise or anything. Link to comment Share on other sites More sharing options...
bearvest Posted March 23, 2005 Report Share Posted March 23, 2005 SSRIGap fill and 1.618 extension may be a buy point. If it gets there, I'll likely buy a little. <{POST_SNAPBACK}> Trin: Sure looks like a good entry. And I think we'll get there. Link to comment Share on other sites More sharing options...
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