Charmin Posted June 1, 2006 Report Share Posted June 1, 2006 They took it back for May on HUI. Well, should I be looking for higher or lower prices now or just wait for the meat grinder to chew everyone up for a bit and then decide? You scratch my back and I'll scratch yours. HUI fell into some confluence area and stopped where March 24 broke higher out of a downtrend and could appear as if it established a higher trendline. Only time will tell. http://www.StockSharePublishing.com/ChartL..._1149127460.png My lucky charms are watching May 24 as a swing low. Link to comment Share on other sites More sharing options...
bearvest Posted June 1, 2006 Report Share Posted June 1, 2006 HUI: My thoughts on HUI in late May. A re-visit to the rising trendline and retracement to wave 4 support, both around 280, seem likely. Link to comment Share on other sites More sharing options...
Charmin Posted June 1, 2006 Author Report Share Posted June 1, 2006 Yup, it's gunna be one of those months huh. Everyone will be quiet until they've wrung the goldbugs out over the summer. Time to quietly nibble at select locations. spot silver down to 12 it appears Link to comment Share on other sites More sharing options...
Charmin Posted June 1, 2006 Author Report Share Posted June 1, 2006 Sure, let's start fresh with fresh lows.. Link to comment Share on other sites More sharing options...
Charmin Posted June 1, 2006 Author Report Share Posted June 1, 2006 Where's plantigrade from last month. Come on Planti, fire up that day one May chart of silver plueeez Link to comment Share on other sites More sharing options...
Charmin Posted June 1, 2006 Author Report Share Posted June 1, 2006 silver retesting april lows at 11.88 July silver so 11.88 to 11.70 in july silver is ice... let's hope it springs it instead of breaking Link to comment Share on other sites More sharing options...
Charmin Posted June 1, 2006 Author Report Share Posted June 1, 2006 April 21.. Silver confluence 11.17-11.54 Dinapoli style http://www.foxfutures.com/charts-newsletter/JY-weekly.gif 4/21 low on silver was 11.715 at 11.80 here Link to comment Share on other sites More sharing options...
Old Habits Posted June 1, 2006 Report Share Posted June 1, 2006 So much for 640 and 12.50 adios. They're going to try to defend the buck it seems, I don't think they can do it for long but they don't have much problem shaking out gold and silver longs. Unfortunately, it looks and feels like another "death by a thousand cuts" correction, always the worst feeling ones. Was hoping for a "V" shape recovery, but not to be. Let's see if the dollar index can hold above 85 for long. Link to comment Share on other sites More sharing options...
Charmin Posted June 1, 2006 Author Report Share Posted June 1, 2006 copper weakness could be the reason for gold/silver down too Link to comment Share on other sites More sharing options...
Charmin Posted June 1, 2006 Author Report Share Posted June 1, 2006 Their punishing the silver bulls from yesterday alone somebody made a chunk of change Link to comment Share on other sites More sharing options...
Charmin Posted June 1, 2006 Author Report Share Posted June 1, 2006 DX is now at the resistance area above 85.10 and top of trading range Link to comment Share on other sites More sharing options...
Charmin Posted June 1, 2006 Author Report Share Posted June 1, 2006 silver could spring here at the lows... Link to comment Share on other sites More sharing options...
Guest smsc Posted June 1, 2006 Report Share Posted June 1, 2006 I can't believe the XAU did not break below the recent lows with gold dropping to 620-something. Actually, it's a pretty good sign that a sideway up for a while as long as gold can hold aroun this area. No quarantees. Link to comment Share on other sites More sharing options...
Charmin Posted June 1, 2006 Author Report Share Posted June 1, 2006 I can't believe the XAU did not break below the recent lows with gold dropping to 620-something. Actually, it's a pretty good sign that a sideway up for a while as long as gold can hold aroun this area. No quarantees. <{POST_SNAPBACK}> I was reading Gary Kaltbaum say gold stocks were lagging the metal. In this case it helps huh. Thanks Gary Link to comment Share on other sites More sharing options...
Old Habits Posted June 1, 2006 Report Share Posted June 1, 2006 Anyone track Natural Gas? Looks like it may have bottomed? ISM weak, now what does the Fed do? They do what they have to to do, inflate or die. I'll keep my bets on against the buck. Link to comment Share on other sites More sharing options...
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