Charmin Posted July 30, 2006 Author Report Share Posted July 30, 2006 I think that it's hard to say that the miners really trade with the broads: http://stockcharts.com/webcgi/perf.html?...;NDX,$indu <{POST_SNAPBACK}> XAU looks a tad worse over a 3 month time frame - 60 days Link to comment Share on other sites More sharing options...
Charmin Posted July 30, 2006 Author Report Share Posted July 30, 2006 From IBD Top 5 Companies in the Food-Flour & Grain Group Archer Daniels Midland ADM Corn Products Intl Inc CPO Gruma Sa De Cv Adr GMK M G P Ingredients Inc MGPI Canada Bread Co Ltd 5CBY CPO was mentioned in IBD http://www.investors.com/quotes/default.asp?ac=EDCT&t=E3S4S5 Link to comment Share on other sites More sharing options...
Charmin Posted July 30, 2006 Author Report Share Posted July 30, 2006 I think that it's hard to say that the miners really trade with the broads: http://stockcharts.com/webcgi/perf.html?...;NDX,$indu <{POST_SNAPBACK}> XAU looks a tad worse over a 3 month time frame - 60 days <{POST_SNAPBACK}> Look at the XAU since 15 November 2000 Link to comment Share on other sites More sharing options...
bearvest Posted July 30, 2006 Report Share Posted July 30, 2006 Been waiting for Silver to confirm. Probably hit $13 this week and then we hit the skids. This is one psycho market. It feels like we need one more push down. <{POST_SNAPBACK}> Trader: I don't have a lot of faith in those 7 cent P&F's that you've been following. I can't fully replicate the parameters that your chart guy uses, but I did my own P&F. There are a significant number of resistance levels en route to $13.00. On the daily candlestick for silver, there's a big incomplete impulse down followed by an overlapping corrective rally. I think the first 3 waves down are 1-2-3 and the current correction is wave 4 complted and we've seen 1 and 2 of 5. We should impulse down from here in 3 of 5 immediately. We CAN'T overlap $11.96 for this count to be correct. If we overlap, $13.00 is probable I also drew uptrending channel lines on the candlestick. I think it would take much longer than a week to hit $13.00. It would likely have to be a complex series of 3 abc's known as a WXY. $13.02 is a 61.8% retracement of the May/June decline. Link to comment Share on other sites More sharing options...
traderfromhell Posted July 30, 2006 Report Share Posted July 30, 2006 Been waiting for Silver to confirm. Probably hit $13 this week and then we hit the skids. This is one psycho market. It feels like we need one more push down. <{POST_SNAPBACK}> Trader: I don't have a lot of faith in those 7 cent P&F's that you've been following. I can't fully replicate the parameters that your chart guy uses, but I did my own P&F. There are a significant number of resistance levels en route to $13.00. On the daily candlestick for silver, there's a big incomplete impulse down followed by an overlapping corrective rally. I think the first 3 waves down are 1-2-3 and the current correction is wave 4 complted and we've seen 1 and 2 of 5. We should impulse down from here in 3 of 5 immediately. We CAN'T overlap $11.96 for this count to be correct. If we overlap, $13.00 is probable I also drew uptrending channel lines on the candlestick. I think it would take much longer than a week to hit $13.00. It would likely have to be a complex series of 3 abc's known as a WXY. $13.02 is a 61.8% retracement of the May/June decline. <{POST_SNAPBACK}> Bear that was tongue in cheek. Obviously there is strong resistance 11.80 then 12.30 in Silver. A push up the next couple of trading days would not surprise me but I would not chase rallies higher from here. Link to comment Share on other sites More sharing options...
Todd Posted July 30, 2006 Report Share Posted July 30, 2006 I think that it's hard to say that the miners really trade with the broads: http://stockcharts.com/webcgi/perf.html?...;NDX,$indu <{POST_SNAPBACK}> That is one awesome telling chart which puts things into perspective. Link to comment Share on other sites More sharing options...
traderfromhell Posted July 30, 2006 Report Share Posted July 30, 2006 I think that it's hard to say that the miners really trade with the broads: http://stockcharts.com/webcgi/perf.html?...;NDX,$indu <{POST_SNAPBACK}> That is one awesome telling chart which puts things into perspective. <{POST_SNAPBACK}> It seems as if GG and PMPIX perfromed about the same until GG started to outpace around the time of the March lows. Could it have something to do with the Silver components in the indices? Link to comment Share on other sites More sharing options...
Gold Majestic Posted July 31, 2006 Report Share Posted July 31, 2006 How are things up North? I think the class of the bunch are NG SLW GG and TRE. Sinclair is in line to buy more very shortly. I like that. Sorry my replies are intermittent - been traveling more than usual this year. I think you're right TFH - those are very good investments and will do well. Finally bought some EPM.TO. Also some more uranium / oil sands / natural gas. Had some fun with the HUI chart. gooberout Link to comment Share on other sites More sharing options...
alceringa Posted July 31, 2006 Report Share Posted July 31, 2006 Speaking of EPM, chat from various StockHouse message boards.... Last week Swedish miner Lundin announced that they were in talks with 2 companies for possible buy buyout/merger. EPM and EZM fit the profile- European based, less than $1B market cap, copper plays. Link to comment Share on other sites More sharing options...
Old Habits Posted July 31, 2006 Report Share Posted July 31, 2006 Ok - so gold and silver are up a bit this a.m. 640 is stiff opposition, buck is showing its' true colors. Broads will open down - what will miners do? Another gift like Friday would be nice. Link to comment Share on other sites More sharing options...
Guest smsc Posted July 31, 2006 Report Share Posted July 31, 2006 July 31 (Reuters) - Prudential Equity Group has upgraded Phelps Dodge Corp. (PD) to "overweight" from "underweight" and raised its price target on the copper miner's stock to $110 from $60. Business risks and financial dilution from Phelps Dodge's proposed merger with Inco Ltd. (N) will be less now as Inco failed in its own bid to acquire Falconbridge Ltd., Prudential said in a research note. It said Phelps Dodge shares will likely rebound if it does not succeed in buying Inco as investors do not like goodwill, new shares, or added debt. Mid-summer copper markets appear better than expected with shortfalls from several more copper mines and without inventory buildups, the brokerage also said. (Reporting by Dilipp S. Nag and Madhubanti Routh in Bangalore) PD up 8% Link to comment Share on other sites More sharing options...
Guest smsc Posted July 31, 2006 Report Share Posted July 31, 2006 BTU up 10% Link to comment Share on other sites More sharing options...
dharma Posted July 31, 2006 Report Share Posted July 31, 2006 ng has finally put in a bottom and the stocks are racing. dharma Link to comment Share on other sites More sharing options...
Charmin Posted August 1, 2006 Author Report Share Posted August 1, 2006 Monthly print is over and time for August New thread will begin shortly and this one will be unpinned Link to comment Share on other sites More sharing options...
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