I_Am_Madness Posted October 5, 2005 Report Share Posted October 5, 2005 Miners taking it on the chin in Euroland this morning. Miners drag on London benchmark Heavyweights BHP Billiton (UK:BLT: news, chart, profile) (BHP: news, chart, profile) and Rio Tinto (UK:RIO: news, chart, profile) (RTP: news, chart, profile) dropped 3.2%, Xstrata (UK:XTA: news, chart, profile) declined 3.3% and Anglo American (UK:AAL: news, chart, profile) (AAUK: news, chart, profile) lost 2.7%. http://www.marketwatch.com/news/story.asp?...D&siteid=google <{POST_SNAPBACK}> I hope we get a big dip today in the miners..XAU 107 and then it's up up and away!!! Time to back up the truck... Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 5, 2005 Report Share Posted October 5, 2005 bearvest, nice charts... Link to comment Share on other sites More sharing options...
Old Habits Posted October 5, 2005 Report Share Posted October 5, 2005 OH, FWIW I AM not bearish, after this correction is over i am looking for new highs, then a larger correction. then around 500 in gold. dharma <{POST_SNAPBACK}> Thanks - hope it works out that way - without the larger correction. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 5, 2005 Report Share Posted October 5, 2005 yeah baby!! Scaling back into NEM... Picked up 1/2 of a position at 45.68.. Picked up PAAS at 17.10... Link to comment Share on other sites More sharing options...
Old Habits Posted October 5, 2005 Report Share Posted October 5, 2005 Looking for a reversal today. Cautiously optimistic that the buck will start to retreat and the rally resumes. $4 gas by XMAS Link to comment Share on other sites More sharing options...
Guest Posted October 5, 2005 Report Share Posted October 5, 2005 for this next leg, i am adding silvers, they have underperformed. stocks like wtz eg. i think today will establish the momentum low. looking to add , but not just yet. when this wave ends, looking for a rally then a final low. timewise, i have no idea. dharma Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 5, 2005 Report Share Posted October 5, 2005 Picked up final 1/2 position on NEM at 45.05....Let's hope this was it.... Link to comment Share on other sites More sharing options...
Charmin Posted October 5, 2005 Report Share Posted October 5, 2005 I think this may be a trading range low for TRE... today... http://www.StockSharePublishing.com/ChartL..._1128529943.png Still watching for HUI 227/228 confluence area... and spring of trading range lows around 231 http://www.StockSharePublishing.com/ChartL..._1128530073.png Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 5, 2005 Report Share Posted October 5, 2005 Gold round tripped and now even... PAAS GREEN!!! Link to comment Share on other sites More sharing options...
Charmin Posted October 5, 2005 Report Share Posted October 5, 2005 It's always a good sign to see supply absorbed off the bottom of a day.... and at least some support established nearby... http://www.StockSharePublishing.com/ChartL..._1128530146.png Link to comment Share on other sites More sharing options...
Charmin Posted October 5, 2005 Report Share Posted October 5, 2005 Gold round tripped and now even...PAAS GREEN!!! <{POST_SNAPBACK}> looks like 16.80 area is the second time for a trading range low retest http://www.StockSharePublishing.com/ChartL..._1128530418.png Link to comment Share on other sites More sharing options...
Charmin Posted October 5, 2005 Report Share Posted October 5, 2005 Looks like an important weekly retest for RGLD support in the 25 area Link to comment Share on other sites More sharing options...
Guest Posted October 5, 2005 Report Share Posted October 5, 2005 well we had the rally on the hourlies. now a test of the lows, if the hourly divergences hold. i am a buyer. ideas welcome! looking mostly @ silvers-wtz, cde. tia dharma charms i agree w/you on tre will buy that one too. Link to comment Share on other sites More sharing options...
yellowfish Posted October 5, 2005 Report Share Posted October 5, 2005 Did I sound bitter? Link to comment Share on other sites More sharing options...
jackn3 Posted October 5, 2005 Report Share Posted October 5, 2005 are there tax consequences for a trust? speaking specifically about tre. tia dharma If TRE is a typical trust you will get a K1 which is treated like a 1099. Btw I would liketo thank all who bring information to this board. I find it very useful. On monday I sold most of my miners which I have had for quite awhile. Now I am waiting for this pull back which all of you are talking about. I did not sell WTZ. It is a great stock I own it at less than $4 and it seems to weather the ups and downs quite well. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.