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Monthly Digger - May 2010


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the lead dog is gold

the miners start the day having good gains, only to spin their wheels for the rest of the day, giving back a big %.

i am a gann trader. and 467hui comes up a #of ways. i sit w/cycles of the low in front of me. and 467 marks the end of the 10th cycle. take this out and we run to the highs. the chart wxman posted in april is a very powerful pattern. be sure to take a look

this excerpted from merriman:

Another geocosmic factor to watch for this week is the entrance of heliocentric (not geocentric) Mercury into Sagittarius, May 6-17. This is a signature of sharp price moves, especially in precious metals, and usually upwards, for at least 3-9 trading days. Usually it is not so bullish for stocks.

http://www.stariq.com/MarketWeek.HTM

i have the 10th as having some significance.

i am looking for new forever highs. my cycles top around june 20th.

the battle lines are drawn. and i think something ugly rears its head!

bv- i have never seen or heard of anyone getting rich shorting a bull market. good luck w/dat

dharma

investigation of silver

http://www.kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2010/5/1_Ted_Butler_on_the_Metals_Market.html

this is an astute study

http://www.financialsense.com/fsu/editorials/2010/0430.html

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Charmin:

that chart might have ominous implications even so BUT

this gives me some sleep: http://stockcharts.com/h-sc/ui?s=$HUI&p=W&yr=3&mn=1&dy=18&id=p29135577090&a=189402400

 

Not long ago we where looking back to September to retest a breakout - now we're looking at "Return to December." http://www.StockSharePublishing.com/ChartLib/GDX_05_01_23_20_1272770444.png

 

Even I would like to see GDX make a new high.... like AZK

http://www.StockSharePublishing.com/ChartLib/AZK_05_01_23_23_1272770597.png

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post-1024-12729120323096.jpg

The indicators are for NGD.

 

If spot keeps this climb going (and why shouldn't it with the banking system's fiat failing) then miners will have a shallow and short pullback. Miners have been suppressed for years and need to do some serious catching up.

 

The plunge protection team with albeit inflated funds working overtime to prop the regular markets up. This could go on for months until about October when reality sets in.

 

Wouldn't be surprised if recent bank protesters were Gsak employees taking to the streets on their lunch break. Action! Cut! Print!

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HUI:

 

I know it's unpopular to post bearish charts.

 

But this is how I see it.

 

Repetitive ABC patterns that indicate a likely double zig zag upward correction.

 

There's a confirmed shooting star candle pattern.

 

MACD histogram has what I'll call a peak or "rooftop pattern".

 

Stochastics has crossed over above 80.

 

Worst of all, there's that insidious overlap of the April 9th high that destroys an impulsive count. Wave 4 can't overlap wave 1.

post-1352-12729448241309.png

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richard russell today

http://www.321gold.com/editorials/russell/russell050410.html

ahhhh!

 

 

stewart thompson

rapidly becoming one of my favs

http://www.321gold.com/editorials/thomson_...n_s_050410.html

dharma

 

i am looking for this correction to last till the 6th-10th

1168

1153

are support.

 

Stewart Thompson http://www.321gold.com/editorials/thomson_s/thomson_s_050410.html

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