Monthly Digger - February 2010

[Charmin]

AUY and many gold stocks had a September 2nd spurt. AUY in particular appears to have the spurt as a magnet for price.

 

http://www.StockSharePublishing.com/ChartL..._1264822627.png

 

The farther a gold stock is above this date, I consider it to be outperforming, even though we are trading against the bias.

 

Some gold stocks are in a bias shift on a daily chart. For NXG it will be the first time since the bottom over a year ago. If the Sept. 2 spurt holds as a trading range low, then it won't be long for it to also complete a 4th confirmation on the weekly chart at the 50 bar ma.

http://www.StockSharePublishing.com/ChartL..._1264822902.png

http://www.StockSharePublishing.com/ChartL..._1264823118.png

[bearvest]

HUI:

 

I'm bullish on the miners, See my last few posts on the January thread.

 

But there are some Fibonacci concerns.

 

If this is a wave C correction, we've exceeded where C=A and a 61.8% correction off the July lows.

 

If C exceeds A, the usual fib relationship is 100% or 168% of A---right back to the July lows.

 

It would require a 3-3-5 flat pattern. And so far C is only 3 waves.

 

So next week is important. If the listless bottoming pattern turns impulsive, we're off to the races up.

 

If not, we're 2 or 3 weeks away from a bottom and a heartbreaking 16% decline in the wings.

 

And I guess I'll be telling my wife the good news. That I've postponed my retirement for another couple of years

[Surfer Dood Doo]

HUI:

 

I'm bullish on the miners, See my last few posts on the January thread.

 

But there are some Fibonacci concerns.

 

If this is a wave C correction, we've exceeded where C=A and a 61.8% correction off the July lows.

 

If C exceeds A, the usual fib relationship is 100% or 168% of A---right back to the July lows.

 

It would require a 3-3-5 flat pattern. And so far C is only 3 waves.

 

So next week is important. If the listless bottoming pattern turns impulsive, we're off to the races up.

 

If not, we're 2 or 3 weeks away from a bottom and a heartbreaking 16% decline in the wings.

 

And I guess I'll be telling my wife the good news. That I've postponed my retirement for another couple of years

 

hi bv think you did not see my post on the other thread. you asked me about gm but im not the one to ask. here was my answer for you. hope this helps. bv gm gave a caution sell on jan8 and sell confirm jan12. his sell is for people who trade. there is way to much to explain an over my head. so you need to pm him yourself if you want the info. sure worth the effort if you ask me. guy has been right so far and makin me lots a money. sandspring is in guyana and simler to kilometer 88 in venzuela. so far a double for me. took half my money of the table so far. no sell call needed as that is what your suppose to do when you buy the bottom according to gm. hope this helps. chuck

[Whadda I Do Whadda I Do]

At least with volatility you get wild swings up instead of all this down action. It's all on spot now. Nothing else matters of course unless China decides to physically claim Taiwan.

[Ageka]

At least with volatility you get wild swings up instead of all this down action. It's all on spot now. Nothing else matters of course unless China decides to physically claim Taiwan.

 

 

It is all in the dollar

gold in euro was up

the south african gold mines did not do all that bad

what killed my portfolio this week was canadian and us$ miners

[dharma]

146.33=.382 of the dec3rd high to the lows of oct 08 for xau

376.65=.382 for hui

1097.37=.236 for spot gold same parameters

the xau/hui is more Dover Sole then it was @08 lows.

http://www.gata.org/node/8281 john embry

dharma

[Whadda I Do Whadda I Do]

If it was all in the US$ spot would be below $1,000.

 

The miners are being manipulated unmercifully (look at all the down days on an index) but contrary to spot price. The demand for physical gold (and silver) is the only thing preventing a complete and total meltdown in this sector.

 

Link to recap action, Butler on Kingworldnews.com. Mentions record for most silver eagles ever sold in a month, 3.6+ million this January.

 

BTW I was using the 10yr 200 day MA for spot gold support in the $1040 area confirmed with some trend and channel lines. Still doesn't mean it has to get there.

[Private Skidmark]

146.33=.382 of the dec3rd high to the lows of oct 08 for xau

376.65=.382 for hui

1097.37=.236 for spot gold same parameters

the xau/hui is more Dover Sole then it was @08 lows.

http://www.gata.org/node/8281 john embry

dharma

 

I like how the following from Embry's remarks as to intentional thermometer breaking jibes with my tagline:

 

"This was all foreshadowed by some remarkable comments by then-Federal Reserve Chairman Alan Greenspan at a Federal Open Market Committee meeting in the early 1990s, remarks that came to light only recently when a transcript of that meeting was scrutinized. Greenspan referred to gold as a 'thermometer' and speculated that if the Treasury Department sold a little gold in the market and the price broke as a result, not only would the thermometer no longer be a measuring tool but the lower gold price could affect underlying psychology. Greenspan was unfortunately right in his perverse judgement and shortly thereafter the systematic dumping of gold by the Western central banks moved into high gear."

[bearvest]

Gold:

 

From what I see, we're in a 4th wave. I'm unsure of the degree of trend.

 

This could br a right angled triangle irregular flat----a 3-3-5 pattern. There's no doubt that te first wave or this correction took on a 3 wave structure.

 

1068 is where c= 61.8% of a.

 

Of course, if the triangle is violated to the downside $1000 is the measured move.

[Gold Majestic]

Hello everyone. Exciting markets as usual. I'm just getting back from some travel and need to catch up. My message box here is full so I need to return some email as well as make more room. Some expressed interest in a site I've posted at. I'll try to update you with info. In the mean time, I'll post some of the charts that have been requested.

[Gold Majestic]

Possible Stock investments?

 

As several here know I've been discussing the fundamentals of several stocks on another site, and I remain hot on Guyana and particularly the Toroparu resource.

 

Here are a couple stock ideas with resources I really like. These charts were posted in early December and several here that joined me then are wearing some big smiles today. Note that Sandspring has already almost doubled from .80 to 1.50, but I believe it'll see 15 before 2 years have passed.

[goose]

Gold:

 

From what I see, we're in a 4th wave. I'm unsure of the degree of trend.

 

This could br a right angled triangle irregular flat----a 3-3-5 pattern. There's no doubt that te first wave or this correction took on a 3 wave structure.

 

1068 is where c= 61.8% of a.

 

Of course, if the triangle is violated to the downside $1000 is the measured move.

 

 

Thanks for the pm, I look forward to your views on gold and gold stocks.

[Gold Majestic]

More charts:

 

Here's my early Oct Gold FIB Daily chart posted earlier that several here have seen.

Also the FIB GOLD WEEKLY / FIB GOLD MONTHLY / SILVER GOLD WEEKLY, etc.

The fib analysis that accompanied the chart explains the movements.

_________________________

GOLD DAILY:

OCT: 1064 RETRACE TO 1028

DEC: 1228 RETRACE TO 1100

_________________________

 

The chart allows for 1100-1080 price and Jan-Feb time.

 

In other words, so far so goober, right on track.

[goose]

More charts:

 

Here's my early Oct Gold FIB Daily chart posted that several here have seen.

The fib analysis that accompanied the chart explains the movements.

_________________________

OCT: 1064 RETRACE TO 1028

DEC: 1228 RETRACE TO 1100

_________________________

 

The chart allows for 1100-1080 price and Jan-Feb time.

 

In other words, so far so goober, right on track.

 

A little different opinion from Mark Liebovit. He thinks gold is down into March, then up for March and April. Then pretty much down for most of the year. He thinks gold is going down to a little under 1k. Of course he also said things could change.

[Gold Majestic]

A little different opinion from Mark Liebovit. He thinks gold is down into March, then up for March and April. Then pretty much down for most of the year. He thinks gold is going down to a little under 1k. Of course he also said things could change.

 

Thank you Goose. I'll check him out.

 

I'm still playing "catch-up" reading this site and hope to find the link?