Charmin Posted April 9, 2005 Author Report Share Posted April 9, 2005 It has been some time since I took a look at GSS and I believe I said something like if it can't break out of that wedge it's going to support around 2.50. Somehow horizontal support makes sense in most situations....in the case of GSS it's yearly support... ooooh Link to comment Share on other sites More sharing options...
Charmin Posted April 9, 2005 Author Report Share Posted April 9, 2005 For some reason I think NEM might retest the $40 area. The bounce and weekly near term trend down from the $46 area may be the logical outcome.. Link to comment Share on other sites More sharing options...
Charmin Posted April 9, 2005 Author Report Share Posted April 9, 2005 bear market in buck/uptrend in Gold or maybe I should restate it as - bull market in Euro/bull market in Gold from 84.41 to 82 on buck might be a trade.. but I also see 83.50 area http://finance.lycos.com/qc/livecharts/def...mbols=CEC:DX05M have to watch the euro also http://finance.lycos.com/qc/livecharts/def...mbols=CME:EC05M Link to comment Share on other sites More sharing options...
traderfromhell Posted April 9, 2005 Report Share Posted April 9, 2005 bear market in buck/uptrend in Gold or maybe I should restate it as - bull market in Euro/bull market in Gold from 84.41 to 82 on buck might be a trade.. but I also see 83.50 area http://finance.lycos.com/qc/livecharts/def...mbols=CEC:DX05M have to watch the euro also http://finance.lycos.com/qc/livecharts/def...mbols=CME:EC05M <{POST_SNAPBACK}> My thinking is if 83.50 doesn't hold the rally is over for buckie. Link to comment Share on other sites More sharing options...
Ageka Posted April 9, 2005 Report Share Posted April 9, 2005 You might ask what do I do when day thirteen arrives... probably give up? <{POST_SNAPBACK}> As all true gold bugs know - waiting on bottoms is painful. I'm sure it will bottom just as soon as the last 6 gold bugs left here give it up <{POST_SNAPBACK}> I have been holding all shares I had and waiting During the waiting I picked up some goldcoins like my new avatar In the meantime were are heading for a golden cross between the 65 and 200 ema in euros Link to comment Share on other sites More sharing options...
Vitalsigns Posted April 9, 2005 Report Share Posted April 9, 2005 bear market in buck/uptrend in Gold or maybe I should restate it as - bull market in Euro/bull market in Gold from 84.41 to 82 on buck might be a trade.. but I also see 83.50 area have to watch the euro also My interpretation is that Euro is in a bear market into May until the EU consitution vote is cleared . First the French vote is favoring a No and now Danish and Greece are at risk of rising protests as well . This does not bode well for Euro . One only has to look at what the Quebec NO Vote risk did to the Canadian dollar for the time leading up to the vote . Dollar has support above 82 and will make new highs towards 87-90 on the next runup before exhasiting the up trend . This is why I am not eager to get back into Gold just yet . Pisses me off that Gammon Lake (GRS AMEX , GAM :TSX) has been so strong during this weak phase of the Gold cycle , prevent me from buying what I would have had the cycles been pointing up . Link to comment Share on other sites More sharing options...
plantigrade Posted April 10, 2005 Report Share Posted April 10, 2005 Gold:CRB Link to comment Share on other sites More sharing options...
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