DrStool Posted February 1, 2007 Report Share Posted February 1, 2007 Subscribe to the Wall Street Examiner Professional Edition Precious Metals Daily, just $39 quarterly. Try it risk free for 30 days! Get this indispensable daily analysis and support the Stool! Link to comment Share on other sites More sharing options...
Charmin Posted February 1, 2007 Author Report Share Posted February 1, 2007 Steel doing better than GDX SLX http://www.StockSharePublishing.com/ChartL..._1170333435.png Link to comment Share on other sites More sharing options...
hadjin Posted February 1, 2007 Report Share Posted February 1, 2007 PoP .. WoW .. Gold $659, Silver $13.71 GOLD 02/01/2007 07:53 657.70 659.20 +5.80 +0.89% SILVER 02/01/2007 07:53 13.61 13.71 +0.16 +1.19% Link to comment Share on other sites More sharing options...
Charmin Posted February 1, 2007 Author Report Share Posted February 1, 2007 I see near highs or new highs with some steel stocks as supportive MFN MRB PAAS SSRI PCU RTI RIO STLD X CHAP AKS leadership for now Link to comment Share on other sites More sharing options...
hadjin Posted February 1, 2007 Report Share Posted February 1, 2007 Boing.... Katie bar the door ! $661., $13.82 GOLD 02/01/2007 09:04 660.00 661.50 +8.10 +1.24% 654.80 661.50 SILVER 02/01/2007 09:04 13.72 13.82 +0.27 +2.01% 13.57 13.82 Link to comment Share on other sites More sharing options...
realist Posted February 1, 2007 Report Share Posted February 1, 2007 buy stops filled this morning about 1.60 over the set 661.20 GCJ buy price. This tells me that many other traders had buy stops hit in this breakout region. When this has occured previously during major price breakouts, that buy level then became very strong support. my speculation now is that 660 basis GCJ is now that support platform. also added more silver on a buy stop as well @ 13.70.. Link to comment Share on other sites More sharing options...
Private Skidmark Posted February 1, 2007 Report Share Posted February 1, 2007 Onward to glory, mates! Now if TRE could just play catch up with the rest of 'em. Long GG, AUY, TRE, SSRI, and SLW. Link to comment Share on other sites More sharing options...
dharma Posted February 1, 2007 Report Share Posted February 1, 2007 now i am looking for a high in march! 730 should be challanged. this should be a very good period. hope you all loaded up. my boat is full. this was fulfilling. dharma Link to comment Share on other sites More sharing options...
Charmin Posted February 1, 2007 Author Report Share Posted February 1, 2007 EGO now producing in China http://yahoo.reuters.com/news/articlehybri...omktNews&rpc=44 Link to comment Share on other sites More sharing options...
dharma Posted February 1, 2007 Report Share Posted February 1, 2007 142.5 major resistance was hit today and the market backed off. also could have finished 5 waves from the jan low. think we correct here for a bit. dharma Link to comment Share on other sites More sharing options...
realist Posted February 1, 2007 Report Share Posted February 1, 2007 Someone posted this chart on Kitco and I have say that the comparison to '79 is very eerie. If the formation resembles where the gold price is at right now, then the upside could reach much further than 730. This is a great chart imo... https://www.kitcomm.com/showthread.php?t=2565 Link to comment Share on other sites More sharing options...
Ander Posted February 1, 2007 Report Share Posted February 1, 2007 Wow, that is rediculously similar to the 1979 chart! Though the timescale o nthe current chart is longer. Link to comment Share on other sites More sharing options...
traderfromhell Posted February 1, 2007 Report Share Posted February 1, 2007 142.5 major resistance was hit today and the market backed off. also could have finished 5 waves from the oct low. think we correct here for a bit. dharma 557543[/snapback] Just a little full moon top to deal with now. Shouldn't hurt too much. Link to comment Share on other sites More sharing options...
hedonicprocto Posted February 2, 2007 Report Share Posted February 2, 2007 142.5 major resistance was hit today and the market backed off. also could have finished 5 waves from the oct low. think we correct here for a bit. dharma 557543[/snapback] I am worried about this being some ABC X ABC thingee Dharma, just finished the latter B: if so watch out below> if we drop fast, not good Link to comment Share on other sites More sharing options...
dharma Posted February 2, 2007 Report Share Posted February 2, 2007 hedo, its a possibility. my favored count is we finished a 5 and this is the correction. i have been saying ad nauseum, this is a high level consolidation which will serve as a base for a big upmove. i think we are there 3of 3. there is an alternate which makes me more conservative,ala the 730, when that is taken out then we can talk about projections realist the similarity of 79 - today is uncanny. thanks dharma Link to comment Share on other sites More sharing options...
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