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Monthly Digger - July 2007


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Thank you AgentSmith it is worth trying,

the older computer does not have an ethernet card

but since I concluded a hard wired network is so much faster it looks

like a good starting point

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Thank you AgentSmith it is worth trying,

the older computer does not have an ethernet card

but since I concluded a hard wired network is so much faster it looks

like a good starting point

588625[/snapback]

 

No probs for the always honorable Ageka. Feel free to post/pm your progesss and I will gladly help if able too. As I mentioned I will be back in the US in a month and can review my setup back home.

 

I too enjoyed Sevens' presence and coin discussions. He too was a gentleman!!

 

L'argent Silver

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Precisely what I was thinking and a reason for caution IMO

The market hass been on weak dollar steroids: the one thing the US could nt tolerate here IMO would be a stronger currerncy

How about GOLD?

Intitally will get wahcked till the dollar down gold up crowd throws in the towel IMO

 

BV: you dont see a falling wedge in the USD?

 

 

U-G-L-Y.

 

Unless, that is, certain porcine operators paint the double bottom and buy time.

588654[/snapback]

 

On the other hand, maybe this isn't any different from the declining wedges BV has posted. :unsure:

588658[/snapback]

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the falling wedge in the dollar is old news. today we tested the lows of

 

the falling wedge, if it doesnt hold then we test the long term support.

 

588817[/snapback]

 

The falling wedge that I see on the weekly gives me longer term concern as a metals bull.

 

The Dollar impulsed up in all of 2005, and has been correcting since.

 

The correction is nearing its terminal stage. It looks like a 3-3-5 flat.

 

If the falling wedge is the "C" Wave of the correction, the measured move is to the point of origin at 87 or so.

 

However, as the pattern over the last year and a half is corrective, the trend is up and the next move is an impulse up. Impulses are always followed by impulses after the obligatory correction.

post-1352-1183435396_thumb.jpg

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Dollar:

 

Here's my concern about the Dollar.

 

We've had a huge impulse down.

 

Current action seems to be a "B" wave in an abc correction of that huge impulse.

 

When it ends, there should be a multi-month "C" wave up, lasting a year or more terminating between 92.50 and 100.

post-1352-1183436784_thumb.jpg

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I think the dollar will no longer exist by the time Ben Bernanke leaves office in 2018, but I'm willing to loose my opinion.

 

The SLV chart has now lined itself up with some preliminary support from December 2006. If it can't be broken down much further, then shorts may realize supply is exhausting itself and it has stopping action at that level.

 

http://www.StockSharePublishing.com/ChartL..._1183438429.png

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