Charmin Posted April 11, 2005 Report Share Posted April 11, 2005 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 Link to comment Share on other sites More sharing options...
Charmin Posted April 11, 2005 Author Report Share Posted April 11, 2005 I see a .618 retrace.... Link to comment Share on other sites More sharing options...
plantigrade Posted April 11, 2005 Report Share Posted April 11, 2005 Gold:CRB Link to comment Share on other sites More sharing options...
plantigrade Posted April 11, 2005 Report Share Posted April 11, 2005 ... and does that mean a war in 2 months ? Link to comment Share on other sites More sharing options...
Charmin Posted April 11, 2005 Author Report Share Posted April 11, 2005 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 Link to comment Share on other sites More sharing options...
Charmin Posted April 11, 2005 Author Report Share Posted April 11, 2005 Dollar up from lows of 84.07 Link to comment Share on other sites More sharing options...
Charmin Posted April 11, 2005 Author Report Share Posted April 11, 2005 might be selling in the 7.35 to 7.50 areas Link to comment Share on other sites More sharing options...
Charmin Posted April 11, 2005 Author Report Share Posted April 11, 2005 [uSU] USEC INC. GETS $200M URANIUM SUPPLY CONTRACT Link to comment Share on other sites More sharing options...
Charmin Posted April 11, 2005 Author Report Share Posted April 11, 2005 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 Link to comment Share on other sites More sharing options...
Charmin Posted April 11, 2005 Author Report Share Posted April 11, 2005 If your watching.....WTZ looks to have a creek / ice area in the 9.40/9.50 areas Link to comment Share on other sites More sharing options...
Charmin Posted April 11, 2005 Author Report Share Posted April 11, 2005 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 Link to comment Share on other sites More sharing options...
Charmin Posted April 11, 2005 Author Report Share Posted April 11, 2005 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 Link to comment Share on other sites More sharing options...
Charmin Posted April 11, 2005 Author Report Share Posted April 11, 2005 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 Link to comment Share on other sites More sharing options...
Old Habits Posted April 11, 2005 Report Share Posted April 11, 2005 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. Link to comment Share on other sites More sharing options...
Gold Majestic Posted April 11, 2005 Report Share Posted April 11, 2005 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 <{POST_SNAPBACK}> 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 Link to comment Share on other sites More sharing options...
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