Charmin Posted January 1, 2012 Report Share Posted January 1, 2012 From low to high in 2012 2/3 price was removed. Too high too fast? Maybe. Next question is how long of a wait till the next new high? The 8 bar ma is far below the 50 bar on GLD. At some point there should be an attempt to rally back. http://www.StockSharePublishing.com/ChartLib/GLD_12_31_19_50_1325379026.png Link to comment Share on other sites More sharing options...
bearvest Posted January 6, 2012 Report Share Posted January 6, 2012 GOLD: Link to comment Share on other sites More sharing options...
GRINCH Posted January 18, 2012 Report Share Posted January 18, 2012 Link to comment Share on other sites More sharing options...
No Einstein Posted January 19, 2012 Report Share Posted January 19, 2012 my batting average for making calls on major turns is probably 5% at best.. but I have to say the activity or lack there of on this board, along with your post, screams major bottom in place or right around the corner. Link to comment Share on other sites More sharing options...
GRINCH Posted January 19, 2012 Report Share Posted January 19, 2012 my batting average for making calls on major turns is probably 5% at best.. but I have to say the activity or lack there of on this board, along with your post, screams major bottom in place or right around the corner. This ratio has not made a new high in 8 years. Hence, no interest in gold stock land. None what so ever. The bullion be fine. The stocks have been the disaster of the decade. Let's be realistic here. Link to comment Share on other sites More sharing options...
GRINCH Posted January 19, 2012 Report Share Posted January 19, 2012 "Gold shares were actively depreciated by scheming hedge funds run by young bucks that have no knowledge of the extractive industry. They all will make spectacular recoveries." -Jim Sinclair Said today here "What a load of crap." -Grinch See effects of GLD, share dilution, and poor ROI. Link to comment Share on other sites More sharing options...
No Einstein Posted January 19, 2012 Report Share Posted January 19, 2012 ............ Hence, no interest in gold stock land. None what so ever. ...... The stocks have been the disaster of the decade. . agree & agree all I am saying is that bottoms are made when no one is looking... but as I said I am wrong 95% of the time I own coins... I do not own miners .....yet Link to comment Share on other sites More sharing options...
Charmin Posted January 27, 2012 Author Report Share Posted January 27, 2012 Looks like gold shorts might have considered covering when price broke through the downtrend line. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted January 27, 2012 Report Share Posted January 27, 2012 Nothing to get excited about. Traveling in a sideways correction/consolidation especially noticeable in the HUI. The intermediate down trend top line is within a much larger channel, a breakout really doesn't mean much until the all time highs are taken out. Helps for short term buying and selling. I think silver needs to be above $35 to confirm the start of any long term move to the upside. Link to comment Share on other sites More sharing options...
Lucky Eight Posted January 28, 2012 Report Share Posted January 28, 2012 Silver price explained Link to comment Share on other sites More sharing options...
Charmin Posted January 29, 2012 Author Report Share Posted January 29, 2012 I think silver needs to be above $35 to confirm the start of any long term move to the upside. I suppose for 2012 we could at least see it come back to 42, and we'd still be consolidating. Link to comment Share on other sites More sharing options...
Whadda I Do Whadda I Do Posted January 29, 2012 Report Share Posted January 29, 2012 I suppose for 2012 we could at least see it come back to 42, and we'd still be consolidating. It's (silver) only a $1 away from confirming gold's move. Any spike up would be welcomed. Let's see if higher lows begin to be put in on all the mining sector charts in the next few months. Link to comment Share on other sites More sharing options...
Charmin Posted February 2, 2012 Author Report Share Posted February 2, 2012 45 silver for 2012 and somewhere over 2000 for the year. Maybe all six of us can agree. Till then, we can forge onto February. Don't hesitate to check in - the crowd at our backs. Link to comment Share on other sites More sharing options...
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