Monthly Digger - September 2008

[Charmin]

"Pound-for-pound is the term used in boxing, mixed martial arts and other combat sports to describe a fighter's value in relation to fighters of different weight classes. It can also be used to describe how any two things compare when bearing in mind their varying quantities."

http://en.wikipedia.org/wiki/Pound_for_pound

 

Getting pounded down and weighing in against crude, I'd rather want to see gold lead crude out of the Gustov aftermath.

 

Latest: Three seasonal trades have surfaced this August.

 

Gold, Uranium & Natural Gas

 

http://www.timingthemarket.ca/techtalk/200...he-fall-season/

[Whadda I Do Whadda I Do]

Using last year's PMPIX chart starting at 35, a retracing of at least 15 points to return to a nominal up trend wouldn't be asking to much . A move of 25 points or more to new highs isn't out of the question either compared to the 07' move. Early November for a completed up move before end of seasonal buying, capital gain payouts, profit taking and tax positioning is normal. Of course nothing seems normal lately. A delay in positive gold and miner action only extends the overall time frame in the bull market.

[Charmin]

So far I see a Dec. gold low of 826.1 with gold and crude down.

[hadjin]

Smitty ... Condolences to you my friend. We each bear burdons of an unknown Cross...

[Charmin]

Aden Sisters Aug. 27 report

 

"gold has reached an extreme D low in both time and price. Gold's fallen 21?% from its March record high to last Friday's low, and it's taken 22 weeks to do this. This is close to the worst decline in gold's seven year bull market, which happened in 2006 when gold fell 22% from its May high. Gold then declined for 23 weeks and it formed a double D bottom."

http://www.kitco.com/ind/Aden/aden_aug272008.html

 

I now see 822.2 for Dec. gold

[Charmin]

Does everyone have that sinking feeling? Dec. gold low after the long weekend at 817.7

 

Guess we have to take the Aden optimism as "The Bull is Still in Charge."

[Ageka]

When I looked at my live charting this morning I noticed the dollar broke upwards thru the Euro defense line . This bodes bad for gold and 760 now looks a distinct possibility .

[Ageka]

euro dollar chart of the last two and a half years

[Ageka]

And the monthly chart of gold had such intresting fibbers that I hoped that the 6 th candle of twelve was the bottom . If it drags over into the 7 the candle it is going to be a bad cycle

[Ageka]

And the weekly chart looked so promisingly Over* Sold

with me being in day 50 of nominal 107 days

[Ageka]

Godmode changed their pattern and target down to 725 yeeh

 

http://www.godmode-trader.de/front/index.p...da=968519&idc=8

[Charmin]

How many times does one get to see gold down 27.8 bucks?

 

Dec. sinking to 805.1

[DrStool]

Precious Metals - http://wallstreetexaminer.com/?p=3088

[hadjin]

Trader from Hell.... I recall your warning way back when, when it didn't seem possible, that Silver would visit the $12s; and the riding you took.

 

Much as my physical hoard hates it, Congrats on that analysis.

 

Silver down $1.+ this morning to $12.62. The problem is that there is little physical available to buy; at least at my usual haunts.

 

I'll be adding SLW today it seems.

 

Good luck all.

[dharma]

stepping back to the 99 or 01 lows, take your pick, it appears that we finished a 5 wave advance to 1033. it is quite normal, although very uncomfortable for wave 2s, which may be exactly where we are to retrace a big %of wave 1s. as it is now we are set up for weekly and daily divergences, if they hold the possibility for a bottom is real. 735 is .382 from 1033-255. dharma