ThorAss Posted August 20, 2003 Report Share Posted August 20, 2003 The aerobics marathon in the PMS continues making Flashdance look like Bingo Night at the Senior Citizens home. Still holding, still watching. Link to comment Share on other sites More sharing options...
Guest Posted August 20, 2003 Report Share Posted August 20, 2003 http://trending123.com/annotated/chart_of__gold.htm Link to comment Share on other sites More sharing options...
Charmin Posted August 20, 2003 Report Share Posted August 20, 2003 Looks like silver and copper want to move up. $GOLD closed yesterday at 362.30 bringing us closer to a fryday breakout again if it can get up a firm couple bucks with volume. Some of the miners like GLG and GG are waffling around price and highs not taken on volume, but I continue to get new insight into that arena with the Ord rule that breaking highs within 3% is a valid break. on the broads I checked out FTSE and it appears to be heading down for a retest of its June 18 highs today. As for the Nekkei and using EWJ my target is the high of 9.12 - comparison fund of UJPIX did a rocket shot. Oily surface OIH has another buck or so and volume around 70 to prove itself, but it is on a buy. The 3x3 buy continues: Link to comment Share on other sites More sharing options...
Guest Posted August 20, 2003 Report Share Posted August 20, 2003 We need the gold contract to close above the descending resistance line for some real explosive action. If POG refuses to break out... the party over at XAU and HUI may be short lived. I think we'll see a repeat of the last symmetrical triangle. When it broke out... boy it really moved. Link to comment Share on other sites More sharing options...
Guest Posted August 20, 2003 Report Share Posted August 20, 2003 Looks like silver and copper want to move up. $GOLD closed yesterday at 362.30 bringing us closer to a fryday breakout again if it can get up a firm couple bucks with volume. Some of the miners like GLG and GG are waffling around price and highs not taken on volume, but I continue to get new insight into that arena with the Ord rule that breaking highs within 3% is a valid break. It's nice to see the metals move together. No divergence, only confirmation that investors understand that one of few ways to protect yourself against inflation is to hide in commodities. Yes, the 3% rule... also important to remember is that price overrides volume (at least in the short term). You can't argue with the tape as long as a stock keeps closing at higher highs. Sooner or later volume will have to come in to match that of the last swing high to confirm that the move is real, or else it'll eventually pull all the way back to the breakout point. Link to comment Share on other sites More sharing options...
Guest Posted August 20, 2003 Report Share Posted August 20, 2003 Posted last night on M2M. Link to comment Share on other sites More sharing options...
Guest Posted August 20, 2003 Report Share Posted August 20, 2003 .. Link to comment Share on other sites More sharing options...
Guest Posted August 20, 2003 Report Share Posted August 20, 2003 .. Link to comment Share on other sites More sharing options...
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Charmin Posted August 20, 2003 Report Share Posted August 20, 2003 Ok, I did it - made a mistake again. I used the wrong projection line I was talking about yesterday. The projection for today (which happens to be the lowest one I have) using the highs on $GOLD of 388.90 and 374.90 = EOD 363.85. Close above that is another breakout. Link to comment Share on other sites More sharing options...
Charmin Posted August 20, 2003 Report Share Posted August 20, 2003 Rand is up slightly at bid 7.43. Buck is down from yesterday at 97.60. Swiss Franc closed yesterday up to .720 but bid now is .717. 30 year yields $tyx are testing a swing low today. Gold contract Z at 363.8 could someone kindly send out a reminder when contracts expire - I have a hard time keeping up with the latest. volumes appear to be getting lighter on the raw side, but not baaaad: lets give it a push. http://www.smallinvestors.com/gold/Goldindexnew.htm Link to comment Share on other sites More sharing options...
Charmin Posted August 20, 2003 Report Share Posted August 20, 2003 can someone verify HL 6/04/02 high of 5.90 and 5 million. This still needs to be tested with volume. Link to comment Share on other sites More sharing options...
Charmin Posted August 20, 2003 Report Share Posted August 20, 2003 I have to laugh at Ol Gold Geezer Jim Sinclair's emails that go sumptin like this: For the first time, the Cartel's manipulative efforts caused no follow through yesterday. like who is the Cartel? they should be more like specialists who unload at the high volume bottoms and mark the price up to high volume tops. Needless to say I'd rather have them unwind all their derivatives and paper schemes slowly but surely. I'd be happy to have them unwind them over the next 10 years. :grin: Link to comment Share on other sites More sharing options...
Charmin Posted August 20, 2003 Report Share Posted August 20, 2003 for the broad bears http://www.21stcenturyalert.com/tcx/images...fing/2003-08-19 and Tim O http://www.marketweb.com/commentary/ord0819.htm Link to comment Share on other sites More sharing options...
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