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Charmin

Daily Digger - Wednesday April 20, '05

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On the last day of my count the Bernie analysis still is...

 

"Gold bullion went on a tear today, (up 5.70) as the Dollar weakened, supporting a further move up in the XAU index. More time is still needed for a good low."

http://www.feargreed.com

 

while many commodities retested support areas..

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a battle will now ensue

 

buck at support

metals at resistance areas

 

coppper 150 area trading range highs

silver

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Want a ready made recovery story portfolio in PMS?

 

Try:

 

AGT

CAU

CBJ

CDE

DROOY

GBN

GSS

HL

HMY

MNG

PAL or SWC

PMU

RANGY

 

Less risky story?

 

NEM

BGO

EGO

KRY

NXG

NG?

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Wild ride in GRS the last week or so.

 

We've still not really gotten good participation from some of the smaller names, although CBJ is coming back slowly. Maybe the CIBC upgrade last Friday is helping.

 

There's still a long way to go in my portfolio. :(

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Guest

If one looks at the hui, there was a 5 wave advance from nov 00 -dec 03, since then the action looks corrective. the may-june 05 pd is 50 % in time of that advance. a low in that period would mark a great buying opportunity.

on the other hand if the action since the 5 wave advance was a triangle, then this last low could be the buying opportunity. as bv pointed out above on the hourly chart it looks like 5 waves up, which means at the least we will get another 5 waves up. so, my strategy is buy some @the 3 wave pullback which will occur and buy the balance if there is a may-june low. opinions or ideas most welcome. dharma

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At the risk of being wrong again - not a great risk anyway because I'm wrong all the time.

 

I think the chances of silver getting back in the $6 range again are slim and none. :)

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Thor

  Might consider adding BVN (sm. div.) and RGLD to your safe list. SIL too.

 

To be honest the less risky portfolio isn't mine and appears to be an all Canuck affair. The riskier one is a recovery play of reasonabull pms, ones which have been trounced in this correction (all down at least 50% off their highs.)

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Pullback time.

 

NEM has switched to short on my ST model but the Zow stubbornly stays long yet.

 

Good stocks to go green at this time 4/59:

 

GLD - the all metal affair

GRS

KRY

RGLD - hmmm some else mentioned this one. :D

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