Ageka Posted January 2, 2008 Report Share Posted January 2, 2008 I wish the daily would start a new parallel channel above 850 Link to comment Share on other sites More sharing options...
bearvest Posted January 2, 2008 Report Share Posted January 2, 2008 P&F's: The miners are closing in on important levels here. Link to comment Share on other sites More sharing options...
dharma Posted January 2, 2008 Report Share Posted January 2, 2008 ageka, i too am looking for an april top. april marks the 89th month of the bull market. a significant fib #. after that i look for a multi month correction which has the potential to bring gold back into the 500s, for a wave 4. dharma Link to comment Share on other sites More sharing options...
Charmin Posted January 2, 2008 Author Report Share Posted January 2, 2008 I didn't think we'd get close to 870 this quickly and with relative strength today in the gold shares. Link to comment Share on other sites More sharing options...
bearvest Posted January 2, 2008 Report Share Posted January 2, 2008 Crisis coming? The price of GOLD is at all time highs and the DOW's down 200 points. What calamity does this portend? 1970's style stagflation? Link to comment Share on other sites More sharing options...
Ageka Posted January 2, 2008 Report Share Posted January 2, 2008 ageka, i too am looking for an april top. april marks the 89th month of the bull market. a significant fib #. after that i look for a multi month correction which has the potential to bring gold back into the 500s, for a wave 4. dharma 634799[/snapback] I was more thinking of going to 1200 and then falling back to 850 like I am looking at gold and shares in dollars and euro and rand and for the moment in any currency the shares are neutral on the RSI 14 and RSI 50 so they have nice headroom to go up For non Americans the dollar may make a lot of difference Link to comment Share on other sites More sharing options...
Charmin Posted January 2, 2008 Author Report Share Posted January 2, 2008 Crisis coming? The price of GOLD is at all time highs and the DOW's down 200 points. What calamity does this portend? 1970's style stagflation? 634820[/snapback] Yes. I think so. Stagflation to boot. Link to comment Share on other sites More sharing options...
Charmin Posted January 2, 2008 Author Report Share Posted January 2, 2008 Blame it on Gold Majestic... lol Early to rise.. late to bed Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted January 2, 2008 Report Share Posted January 2, 2008 Are we having divergence? Stagflation: Where things you don't need go down in price and the things you do need go up in price. Looks like we're heading for a Japanese style economy.....He who hesitates is lost. Link to comment Share on other sites More sharing options...
Gold Majestic Posted January 2, 2008 Report Share Posted January 2, 2008 Crisis coming? The price of GOLD is at all time highs and the DOW's down 200 points. What calamity does this portend? 1970's style stagflation? 634820[/snapback] Crisis coming? Yes, we've been in a HUGE credit crisis that continues to get worse. We've been discussing that for the past 9 months. Stagflation, yes, that too. Go back and check out some of the charts and commentary discussed over the past years. AEM Jan 50 Calls are asking $7.30 today. You were warned. Link to comment Share on other sites More sharing options...
Private Skidmark Posted January 2, 2008 Report Share Posted January 2, 2008 I think these green monster candles are analogous. Looking for mid 500s on HUI before wave 4. 28 years in the making. Some corks should be popping today. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted January 2, 2008 Report Share Posted January 2, 2008 Looks like stair stepping, a very strong pattern. Link to comment Share on other sites More sharing options...
Ageka Posted January 2, 2008 Report Share Posted January 2, 2008 Kinross gave me 9% today that is more like the old days (1980) when a share would give 5% on monday and 5 on tuesday and 10 on wednesday when you sold it to buy back 25% lower Link to comment Share on other sites More sharing options...
Gold Majestic Posted January 2, 2008 Report Share Posted January 2, 2008 GDX Fills the Nov 12th Gap! Link to comment Share on other sites More sharing options...
bearvest Posted January 2, 2008 Report Share Posted January 2, 2008 Crisis coming? AEM Jan 50 Calls are asking $7.30 today. You were warned. 634849[/snapback] G.M. To add to my misery, my only unhedged position is CDE. There was no time premium. So, taking stock, I'm a seller of AEM at 53.60 and GG at 36.17. My loss, so far, is only an opportunity loss if my stock is called away at OPEX. And, this writer adds with a hint of defiance, there are now 5 waves up on both the GOLD and indices charts. Link to comment Share on other sites More sharing options...
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