dharma Posted September 29, 2006 Report Share Posted September 29, 2006 some thoughts. if one feels the competition for resources will become more heated. it seems like tre is a really good bet. the president of tanzania just visited the president and the president promised to come to tanzania. sinclair has been stalking the gold markets since the 70s and i think he spotted a favorable govt whose country is rich in resources. the bottom of this stock may not be in yet or even if it is this stock will be a huge winner. the company has the rights to all the resources. it may take some time getting off the ground, but i suspect it wont be long. money =resources or resources =money. as long as the government stay friendly to tan range, they are in an enviable position. and although this stock has gotten battered, i think mcewen is a good businessman and usgl is a good company. dharma Link to comment Share on other sites More sharing options...
bearvest Posted September 29, 2006 Report Share Posted September 29, 2006 TRE: I confess that I haven't followed this stock, so this analysis is "back of the envelope" stuff. Like everything in September, it's had a smackdown. In TRE's case it has to be a 3rd wave. The pattern off the bottom (and the 25% increase in price) looks like a 4th wave triangle or a rising wedge. If so, and if the lower trendline is violated, it should re-visit $4.44. Link to comment Share on other sites More sharing options...
faramir Posted September 29, 2006 Report Share Posted September 29, 2006 Thanks Bearvest. What is interesting is that ABX has not broken its intermediate trendline (2005/2006) while the HUI and Newmont have done so. Does that mean that ABX will do so on the final leg down? Link to comment Share on other sites More sharing options...
traderfromhell Posted September 29, 2006 Report Share Posted September 29, 2006 looking @the hui/xau charts. the move since january looks like a consolidation. the may highs are an aberration or violation of the trading range. the upside had run out of gas. and the range while wide is just a big consolidation for another up leg. the miners have the same look except some like gg the c wave made new lows. i dont know when this consolidation will break upward, its only a matter of time. i think the next leg carries us to the 940s on gold. i think by mid november we start on the next leg of the parabolic. dharma <{POST_SNAPBACK}> I agree with that dharma as mid Nov will be 6 months from the highs and time for a trend change. We have seen turns the past five years in the November period. Link to comment Share on other sites More sharing options...
traderfromhell Posted September 29, 2006 Report Share Posted September 29, 2006 some thoughts. if one feels the competition for resources will become more heated. it seems like tre is a really good bet. the president of tanzania just visited the president and the president promised to come to tanzania. sinclair has been stalking the gold markets since the 70s and i think he spotted a favorable govt whose country is rich in resources. the bottom of this stock may not be in yet or even if it is this stock will be a huge winner. the company has the rights to all the resources. it may take some time getting off the ground, but i suspect it wont be long. money =resources or resources =money. as long as the government stay friendly to tan range, they are in an enviable position. and although this stock has gotten battered, i think mcewen is a good businessman and usgl is a good company. dharma <{POST_SNAPBACK}> Two good long term plays I agree. Link to comment Share on other sites More sharing options...
dharma Posted September 29, 2006 Report Share Posted September 29, 2006 bv, whats your take on useg. looks like it did a triangle on a daily. thanks dharma Link to comment Share on other sites More sharing options...
hadjin Posted September 29, 2006 Report Share Posted September 29, 2006 My non TA observations on HL is that as of late it seems to be acting quite differently from the family of other miners. Something quitely going on at HL ? Link to comment Share on other sites More sharing options...
Charmin Posted September 29, 2006 Author Report Share Posted September 29, 2006 Weekly trendline on NEM big cahoona http://www.StockSharePublishing.com/ChartL..._1159550773.png Link to comment Share on other sites More sharing options...
bearvest Posted September 29, 2006 Report Share Posted September 29, 2006 XAU: Here's an idealized Elliott view. We fill the gap left from Friday morning. We decline over the next day or two into the support zone indicated by the red box. We rally up to around 137 by later next week. Thereafter, we decline over about 2 weeks to below the June lows at 108 to 115. Link to comment Share on other sites More sharing options...
Metamucil Posted September 29, 2006 Report Share Posted September 29, 2006 Can anyone help me with TA on ABX.TO? Is the fact it filled the gap a positive for future short term action? <{POST_SNAPBACK}> I agree with what has been said. Weekly chart has only one gap. Whadda pointed out that it fell upon filling the gap. That's pretty normal behavior. (As an aside, on the daily, a 3rd gap is often a form of Exhaustion gap that will frequently be filled). Meta said buy the dips. The intermediate trendline should identify the extent of the dips. Hope this puts the advice into perspective. Gap rules are confusing. Try this: http://www.thestockbandit.com/Stock-gaps.htm <{POST_SNAPBACK}> Correcto....up another percent. XAU 124 may be retested.....agreement on that, too. Link to comment Share on other sites More sharing options...
Metamucil Posted September 29, 2006 Report Share Posted September 29, 2006 Another one I am accumulating. Very good relative strength. I mainly use weekly charts, since my frames are weeks-months. Link to comment Share on other sites More sharing options...
Metamucil Posted September 29, 2006 Report Share Posted September 29, 2006 Weekly macd very reliable; look what awaits re: cup-handle. Link to comment Share on other sites More sharing options...
Charmin Posted September 29, 2006 Author Report Share Posted September 29, 2006 I began a new October thread This one will get unpinned but left open Link to comment Share on other sites More sharing options...
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