Charmin Posted December 1, 2005 Report Posted December 1, 2005 Kinda dissapointed HUI couldn't breakout seeing 500 gold by November 30.. http://www.StockSharePublishing.com/ChartL..._1133403474.png Guess I got nothing better to do than keeping one eye on silver... and one eye on the 484-485 area in gold... I'm sure you have your favorite gold shares... to ponder over.. Let's make it a happy month...
Charmin Posted December 1, 2005 Author Report Posted December 1, 2005 Bigger picture... we got cause to retest the highs.. so we'll be here for a long time http://www.foxfutures.com/futures/051121-d...6-gc-qrtly.html
Charmin Posted December 1, 2005 Author Report Posted December 1, 2005 GG.. couldn't hold .. though I was waiting to see 23.50 http://www.StockSharePublishing.com/ChartL..._1133408998.png
Charmin Posted December 1, 2005 Author Report Posted December 1, 2005 So.. what is your sentiment? "Two months ago, when bullion was trading around $465 per ounce, the HGNSI stood at 71.4%. So in the face of an 8% rally in the yellow metal, the average gold market timer has become less, not more, bullish." HGNSI stands at 50% on 11/29/05 Hulbert http://www.marketwatch.com/news/story.asp?...teid=mktw&dist=
Charmin Posted December 1, 2005 Author Report Posted December 1, 2005 Meanwhile... other metals like copper... CUP and FCX might outperform because of a copper shortage.. I read it's only like a three day global inventory...
GRINCH Posted December 1, 2005 Report Posted December 1, 2005 .....grinchies nomination for best "post" of 2005 ........um....er....from another forum... Date: Wed Nov 30 2005 22:17 Bookmark (Build your own gold mine) ID#114259: Copyright ? 2002 Bookmark/Kitco Inc. All rights reserved Get a plastic container. Buy bullion. Put bullion in the container. Bury container. The fundamentals of this gold mine are zero cash costs, no environmental problems, no dictators and no hedging. And you are the directors. ......
Charmin Posted December 1, 2005 Author Report Posted December 1, 2005 grinch... you didn't give us the link to the post...lol
faramir Posted December 1, 2005 Report Posted December 1, 2005 Gold is a great investment unless you are Canadian. Gold will probably fall to 440 in the next correction while the Loonie strengthens to about 1.10 Loonies to the Canadian Dollar. That brings the Canadian Gold price down to 480 from the 575 where it is now. Not a great investment. So we are stuck buying gold mining companies that are run by crooks or the mentally challendged. Which brings me to my next question: Why is Kinross underperforming just about every other junior or senior out there?
bearvest Posted December 1, 2005 Report Posted December 1, 2005 XAU: I believe it's entering wave 4 of 5 (of a giant wave C). 110-114 may be the low of wave 4 if it takes on a triangle pattern, depicted below.
bearvest Posted December 1, 2005 Report Posted December 1, 2005 XAU: If I'm wrong on the triangle pattern and wave 4 is a more complex pattern such as a double zig-zag, the likely support level is the prior wave iv of one lesser degree of trend. That would be 101.06. The bearishness in the trend and overought indicators may support a larger correction. Gold would have to fall below $480, in which case its next support is 455.50.
Ageka Posted December 1, 2005 Report Posted December 1, 2005 Why is Kinross underperforming just about every other junior or senior out there? <{POST_SNAPBACK}> I guess by their continuing problem the balance sheet is not accepted yet and again they found a 200.000 dollar difference http://today.reuters.com/investing/finance...SS-UPDATE-1.XML
traderfromhell Posted December 1, 2005 Report Posted December 1, 2005 Great stuff Charmin and Bearvest.
Charmin Posted December 1, 2005 Author Report Posted December 1, 2005 The latest email from Jason Hommel: "As it stands no major silver mining company is making any substantial money by mining silver, not HL, not CDE, not PAAS. So, producing silver at a loss makes no sense. According to my way of thinking, silver must outperform nearly every other commodity, including oil, due to the silver shortage. Oil has risen from $10 to $70/barrel. (and back down a bit). Silver has not yet risen ten fold from the bottom of about $4.15/oz., from 2003, and it has just doubled by this week, over 2 years later. But I fully expect silver to rise to well over $100/oz. Therefore, spending money on producing silver now is the exact wrong strategy at the present time, in my opinion. I think the best strategy is to buy up silver stocks." He's promoting Sterling Mining SRLM.PK His last free report.. http://www.silverstockreport.com/reports/s...ckreport57.html
Charmin Posted December 1, 2005 Author Report Posted December 1, 2005 My little head/shoulders on gold just got invalidated... above 493 area.. we'll probably see 499 again on the Dec. contract
Old Habits Posted December 1, 2005 Report Posted December 1, 2005 Pretty odd, maybe we ought to be cheering for the USD to rally. Lately seems $ up = POG up. I guess the reality is that currencies really don't matter much anymore, other than they are becoming worth less. Bearvest - I was wondering if you ran across this work over at Gold-Eagle and if you had any comments. I know there are several here that are e-wavers but you are strictly an "e-wave commando" http://www.gold-eagle.com/editorials_05/bird112905.html Luck all. Maybe all the sellers are finished with GSS and HL for awhile.
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