Charmin Posted March 31, 2009 Report Posted March 31, 2009 RGLD is backed by a harmonic pattern. I'm watching to see a successful completion of it much higher. If it does, shorts will get slaughtered. It's been consolidating since the beginning of the year at my B point. http://www.StockSharePublishing.com/ChartL..._1238516945.png I'm opening this thread before April Fools. Don't be fooled.
Ageka Posted April 1, 2009 Report Posted April 1, 2009 The minimum monthly correction is fullfilled ; so theoretically we could shoot hard up any moment If the previous 8 cycles are repeated however april is sideways down . I just bought a slice of Drooy which together with Harmony is now at full strength ( rest at 90 %) and all trading money 100% cash
Whadda I Do Whadda I Do Posted April 1, 2009 Report Posted April 1, 2009 Trying to figure out what to do with my WGW as NGD will tap their (WGW's) credit line and try to bring their mines' production levels up then probably sell off to ABX while lining board member's pockets with money as the sell price will be to low. Appears the miners are still trying to catch up to the spot prices.
dharma Posted April 1, 2009 Report Posted April 1, 2009 the board is quiet, and yet the market keeps going up! dharma
Charmin Posted April 1, 2009 Author Report Posted April 1, 2009 GOLD is over the hedge http://www.StockSharePublishing.com/ChartL..._1238623114.png
bearvest Posted April 2, 2009 Report Posted April 2, 2009 HUI: 5 waves up near completion. Looks like Wednesday was iii of 5.
hedonicprocto Posted April 2, 2009 Report Posted April 2, 2009 we might be entering a 3 up here and the board is DEAD
bearvest Posted April 2, 2009 Report Posted April 2, 2009 Could be the end of 1 of III. Should be a corrective wave soon. In my alternate count several weeks ago, I opined that this could be an irregular flat as "b" of II. The correction will let us know. Gold and the markets have been "wonky" since the fed announced it would monetize the TARP Debt. Distorted all markets----temporarily.
GRINCH Posted April 2, 2009 Report Posted April 2, 2009 Grinch has been holding tight and only rotating his juniors. Selling strong and buying weak has been a hoot for a while now. But that is only satisfying my gambling addiction. The core position is starting to look cheap. T/A says 1000 is insurmountable. Grinch says f%ck TA. The G-20 will result in nothing more than the usual platitudes. The release has already been written. Confidence in gov't's will continue to deteriorate. The riots will escalate. The conveniently released announcement of a Euro gold sale is only an admission of a forced accounting adjustment. Idiots. The broads are signaling worthless dollars. And the yellow dog is getting harder to adopt.... Mother Hubbard Anyone selling an ounce of gold or a decent mining mining stock could become quickly regretful. We have had our corrections and consolidations. It's over. Big highs are around the corner. The situation is demanding it. Always ready for the Hat.......whatever it may be.
Ageka Posted April 2, 2009 Report Posted April 2, 2009 There is a distinct difference in behaviour between mines Drooy and HMY are 20% down from the top in euro but Anglogold just keeps going on up Of the non Souths Afr I track only TNX is in the slow stoch buying zone , the others reversed back up Since for 9 years now I have been buying too early I just wait and am only willing to buy what is 20% down
dharma Posted April 2, 2009 Report Posted April 2, 2009 i have been patiently waiting for this correction. 120xau is my downside target. however, hourly divergences from Dover Sole and i am a buyer. dharma
faramir Posted April 2, 2009 Report Posted April 2, 2009 The question is do I buy the gold ETF today or wait? Last pick up of GTU-UN was at 42.50, now at 52.50. The problem is how can gold be near a bottom when the HUI/XAU is just starting its rollover?
AgentSmith Posted April 2, 2009 Report Posted April 2, 2009 I'm still here, just been having fun in financials/energy. I sold my SMC (BPLPF) yesterday at .555, bought it back today for .53. I picked up a bit of this/that: GSS, NGD, CDY, FRG, GLD calls, SLV calls, AUY calls. I did this all around 10-10:30 earlier today .. had NO gold positions until these. Obviously I'm looking for another push here....and so far see this move down in GLD as a gift....however we shall see - I am now just on the lookout for clues that I'm wrong.
Ageka Posted April 2, 2009 Report Posted April 2, 2009 If 880 does not hold then 850 is next and a beautifull symmetry according to 7
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