Ander Posted April 1, 2005 Report Share Posted April 1, 2005 The dollar today played an april fools joke: I'm going DOOOOOOOOOOOWN, no wait, UUUUUUUUUUP!!! Gold stocks held up well. Link to comment Share on other sites More sharing options...
bearvest Posted April 2, 2005 Report Share Posted April 2, 2005 XAU: To update the chart posted earlier in this thread, we have some confirmation. Friday's lows overlapped. Thus, the pattern for the past few days is corrective. That should put us in a wave 4 correction. You'll note that wave 2 was a simple and very short abc. Wave 4 should be longer and more complex (frustrating). The gap is from 95.74 to 95.52. A 38.2% retracement of wave 3 (not the entire decline) is at 95.83. Where Blue c= a is at 95.59. We should stall somewhere in that area and then test the trendlines in wave 5 (88 to 90) over the next week or two. Link to comment Share on other sites More sharing options...
bearvest Posted April 3, 2005 Report Share Posted April 3, 2005 HUI: This article appeared on Safehaven. I disagree with the writer's "obvious" five wave count. http://www.safehaven.com/article-2837.htm The wave count, in my opinion, must be confirmed by other technical indicators. My count puts us in wave iv of 3 and we've got new highs to look forward to in the intermediate term and the longer term. Short term, like the next week or so, I'm bearish. Link to comment Share on other sites More sharing options...
Moon Man Posted April 3, 2005 Report Share Posted April 3, 2005 but if bonds and stocks are weak the big money might still flow into commodities <{POST_SNAPBACK}> That may well happen ... or does anybody know any other asset class where money could go and be treated well? OldMan <{POST_SNAPBACK}> Uranium <{POST_SNAPBACK}> Uranium is a commodity... Link to comment Share on other sites More sharing options...
Old Habits Posted April 3, 2005 Report Share Posted April 3, 2005 Some pretty ugly predictions for the broad market in April from the prognosticators in Barrons. If we have ugliness like they predict - anyone care to opine how that will effect the metals? Link to comment Share on other sites More sharing options...
Old Habits Posted April 3, 2005 Report Share Posted April 3, 2005 Some interesting charts for you guys - compliments of Brian Bloom http://www.gold-eagle.com/editorials_05/bloom040305.html 600 yr. chart is especially interesting Link to comment Share on other sites More sharing options...
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