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Charmin

Daily Digger - Monday April 11, '05

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Day 6 and IAG shows up for oscillators banging on the lows...

 

"Tech Talk continues to favour the Canadian gold sector. The sector was one of the strongest on the TSX once again. Technicals for the sector continue to improve. More Canadian gold stocks on the TSX are recording positive MACD cross overs from Dover Sole levels (e.g. IAMGold)."

 

Watch it down to the $.5.80 area..

 

http://dvtechtalk.com/April/April8.htm

 

also...

 

"Tech Talk continues to favour the Canadian gold sector. Eight of the 25 gold stocks in the TSX Composite Index recorded positive MACD crossovers from a short term Dover Sole level on Friday. They were Barrick Gold, Bema Gold, Kinross, Meridian, Pan Am Silver, Placer Dome and Western Silver. In addition, Gammon Lake, another TSX Index gold stock recorded an encouraging breakout to an eight month high on higher than average volume. Nesbitt Burns released a favourable report on the stock on Friday."

http://dvtechtalk.com/April/April11.htm

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silver uthrust or jump the creek in the 7.20area with a high this morning in the 7.27 area

 

gold resistance in the 431/432 area

 

silver leading

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watching silver for upthrust or jump of creek but not the time to buy here

 

waiting for pullback to 7.20 area retest from resistance areas above 7.35

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83.40 area on dollar is the next bigger downside area

 

but now we are in the 84.40 to 84 area looking for reactions

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We continue to believe, several more weeks are needed to establish a "good" bottom, which appears in synch with a resumption of the Dollars decline.

 

Our VDI remains bullish.

 

Last weeks minor retreat was on the slowest volume in 14 weeks.

 

Look for Fibonacci Cluster Support at 91.07 level to halt the decline. Not far away with Friday's close at 92.89.

http://www.feargreed.com

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I think we've seen Ike's XAU 94.50 area he was talking about for resistance

and then drop to the 85-84 zone.

 

the 85-84 area is the bottom of a downtrending channel he's located

 

XAU 94.50 down to 92

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GRS going off again

 

GRS and KRY are the only miners worth mentioning in my portfolio. At least they are my #2 & 3 holdings.

 

Amazing - the miners seem to be saying no gold rally yet.

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We continue to believe, several more weeks are needed to establish a "good" bottom, which appears in synch with a resumption of the Dollars decline.

 

Our VDI remains bullish.

 

Last weeks minor retreat was on the slowest volume in 14 weeks.

 

Look for Fibonacci Cluster Support at 91.07 level to halt the decline. Not far away with Friday's close at 92.89.

http://www.feargreed.com

 

Hopefully the trade deficit numbers out tomorrow may be the catalyst for the dollar down / gold-gold stocks up scenario much needed at this juncture.

 

Attached chart shows the strong possibility.

Also notice that either gold is overbought here or that the gold stocks are Dover Sole - i opt for the latter - either way, we should find out very soon.

 

 

goober fully loaded and swingin fo the fence :unsure:

post-2021-1113251050_thumb.jpg

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