[Charmin]

It was a spectacular rise off the 460 area support back in November where we retested a bigger support and the cause behind it pushed us up to the 540 area. We ended Decmeber mid-range between confluence support and the top. The danger point here is hovering 1-5 points in this mid-range area and retesting the supply that came in. The reaction off confluence in the 490 area was good. But now we need to see which way it goes for retesting..

We're on higher ground.. for sure and so are many of the gold stocks as they broke out and retested support.. I can't think of a better way to start the year.

http://www.StockShar..._1136064370.png

Thanks for joining us and Happy New Year.. and a prosperous one too.

[Old Habits]

Whadda I Do Whadda I Do, on Dec 31 2005, 12:03 PM, said:

I don't see anything wrong with doing DD over the long weekend. This is a once in a life time opportunity to acquired mining stocks and make some real dough.

The way I understand it is that the already large producers need to keep reserves at certain levels to mine in the future so that they may continue supporting their stock price. This even if they have to acquire all the jrs they can and their reserves to satisfy the buyer's future production quotas. Just not that much gold in the ground to begin with. The banks will probably be the big winners here.

<{POST_SNAPBACK}>

Agree, banks always seem to make money. How about the banks that make loans specifically to miners?

Quest Capital (QCC)

Endeavour Mining Capital (EDV.v)

[Charmin]

After a breakout and retest of the creek for the XAU, historically I put at least 20 points or more for the advance to a new high before a consolidation begins.

If you look at the breakout in 2002 we advanced 22.33 points. Again, in 2003 we advanced 24.85 points..

http://www.stockshar..._1136089180.png

If you allow for this same kind of advance then the likelyhood at arriving at 137, 140 or even 150 is pretty good. The reason I might even suspect the 150 area highs is because we have a large amount of horizontal cause just below us. The only question right now is do we pull back to retest the creek area here or continue on to higher ground.

http://www.stockshar..._1136089398.png

[Charmin]

In 1993 after a breakout the XAU advanced 33 points off the 95 creek ... then turned back to retest the creek

http://www.StockShar..._1136090480.png

after it retested the 95 creek it once again made an advance from 95 to 146 or 137 points..

http://www.StockShar..._1136090569.png

in considation of this.. we could possibly retest the 155 highs in 2006

[Charmin]

On the weekly chart.. we now have matched the March to December '03 advance..

looking at the chart.. 128.90 is our 1:1 relationship

http://www.StockShar..._1136090979.png

[traderfromhell]

Silver puppy ready to make a move?

Attached image(s)

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[Charmin]

In the near term I am looking at what a gold consolidation could do
http://www.foxfuture...lff/DLevels.htm

and for seasonality on HUI I am wondering about a consolidation trading range that drifts down into the March/April time frame.. but stays above the creek.

http://www.StockShar..._1136231590.png

[Charmin]

I am also wondering about the retest of the volume climax and low close for NEM on Dec. 12

http://www.StockShar..._1136233812.png

[Charmin]

A wad of peanut butter is stuck to my gold charts for Dec. 12...
higher volume selling on many of the ones I'm looking at.. even though most absorbed higher.

could be pre-supply

Look at GFI for example..
http://www.StockShar..._1136234282.png
or HMY
http://www.StockShar..._1136234404.png

[Charmin]

Dec. 12 didn't affect TRE did it ..lol

[Charmin]

showed up on Dec. 12 for AUY.. but absorbed the supply

http://www.StockShar..._1136234544.png

[Charmin]

Dec. 12 showed up on BGO
http://www.StockShar..._1136234624.png

so at this time Dec. 12 becomes a reference point to watch on my charts as possilble pre-supply .. like Sept. 19 did when RGLD and GG showed up as a high..