Old Habits Posted October 3, 2003 Report Share Posted October 3, 2003 PMS Daily Digger For Fryday October 3, 2003, PMS ripe for a move. Would that be up or down I think(hope) up. Don't you think the recent weakness in the price of silver has alot to do with the underperformance in the XAU? Still accumulating physical silver on pullbacks, no more gold though, have enuff already. The recent lack of conviction on the part of some gold investors, makes me even more bullish. The past 2 days would have been a great time for the COT's to really hammer the POG, yet they have not been able to do it. IMO, the rest of the world, especially China and the Mideast continue to accumulate bullion - according to Hamilton and Sinclair, not believing the recovery scenario in the U.S. Link to comment Share on other sites More sharing options...
Old Habits Posted October 3, 2003 Report Share Posted October 3, 2003 Charm, agree. The recent weakness in silver should not be taken lightly. That being said it wasn' that long ago that we were in a trading rang between $4.80- $5.00. We may now be at the lower end of a new range, $5.10 to $5.30. Link to comment Share on other sites More sharing options...
Old Habits Posted October 3, 2003 Report Share Posted October 3, 2003 On those "bullish" jobs #'s, POG should be getting hammered right? But it is flat, even with the buck higher. Why is that? I know it's early so maybe the POG will get hammered, let's see if the PM's move with the broads again and how commodities do. Should be an interesting day. Link to comment Share on other sites More sharing options...
Old Habits Posted October 3, 2003 Report Share Posted October 3, 2003 Well looky here, Gold and silver higher. Maybe because the yen is becoming the currency of choice? Maybe because when the geniouses in Japan tried to prop up the USD, they did it by buying treasuries and are now gonna take a beating? I will be selling my broads into this rally this A.M., but not my miners. Link to comment Share on other sites More sharing options...
Charmin Posted October 3, 2003 Report Share Posted October 3, 2003 I think its called "one step forward and two back." At least we had one huge volume day UP on the XAU - Sept. 9 Tim Ord Aug 18 The 90 level is where the "Neck Line" of a "Head and Shoulders" pattern exists, going back to 1998. The 90 area is where the "Creek" is in "Wyckoff" terms. For a valid break though the "Creek" area, the volume should be huge and with a very big price spread. Therefore, we are looking for this explosive move to begin very soon. The breaking of the 90 area on the XAU would create a target to the upside near the 150 range, which is the 1996 high. Link to comment Share on other sites More sharing options...
anjing bau Posted October 3, 2003 Report Share Posted October 3, 2003 Night shift is over - handing my apples over to those who don't combust spontaneously in the presence of sunlight *crunch* Dentist found two whole new nerves I never knew I had yesterday We've got about a week left before I call our last POG top an 8n day cycle top and start getting serious about digging out another bottom If we don't get a higher high then the figures I've already given should be close. Goodnight. Trade safe. Tread softly over hard water. Eat salt to retain water. Water the plants would'ya. -ChixieDi... *ahem* never mind... ya better lay off the candy apples then ....... dear 7 more holes in my head 11 Link to comment Share on other sites More sharing options...
anjing bau Posted October 3, 2003 Report Share Posted October 3, 2003 Charmer your review of my links from last night... in response to your correction being over.... the leg A down for some is in the books they will start the bounce up to B now to be followed by the final descent to point C... the timeline I have in mind is November for point C... Bounce trades are setting up in MNG.to the dog that the clam is clapping on about ... hahahahahaha and RGLD as well look like two that could bounce here .... again it is just a dog pawing in the dirt so please draw your own conclusions based on your experience and knowledge Link to comment Share on other sites More sharing options...
Old Habits Posted October 3, 2003 Report Share Posted October 3, 2003 I think its called "one step forward and two back." At least we had one huge volume day UP on the XAU - Sept. 9 Tim Ord Aug 18 The 90 level is where the "Neck Line" of a "Head and Shoulders" pattern exists, going back to 1998. The 90 area is where the "Creek" is in "Wyckoff" terms. For a valid break though the "Creek" area, the volume should be huge and with a very big price spread. Therefore, we are looking for this explosive move to begin very soon. The breaking of the 90 area on the XAU would create a target to the upside near the 150 range, which is the 1996 high. Yep. Draw that chart from 1996 and you get one big "bowl" Link to comment Share on other sites More sharing options...
dozer Posted October 3, 2003 Report Share Posted October 3, 2003 moanin' people. can't keep a good metal down huh? uhmmm.....whoever posted something really WIDE.... please oh please, go back and fix it. those of us on laptops are truly suffering with all the $@#@ scrolling....ouch!! thanks! Link to comment Share on other sites More sharing options...
OldMan Posted October 3, 2003 Report Share Posted October 3, 2003 ...can't keep a good metal down huh? ... Yes, they seem to have some problems keeping it down. We'll see ... OldMan Link to comment Share on other sites More sharing options...
Charmin Posted October 3, 2003 Report Share Posted October 3, 2003 XAU says - don't mind me - I'm stikin above 90 until all you waffles pop back in I'm not holding my breath but I figure this is Fryday for the broads I don't mind this scenario Link to comment Share on other sites More sharing options...
Charmin Posted October 3, 2003 Report Share Posted October 3, 2003 maybe Link to comment Share on other sites More sharing options...
Old Habits Posted October 3, 2003 Report Share Posted October 3, 2003 Driving towards triple top on the indices, which means to me new high on the HUI within 1-2 weeks. Any bets we close above 200 today? Link to comment Share on other sites More sharing options...
Charmin Posted October 3, 2003 Report Share Posted October 3, 2003 wondering if 10/30 year yields are going to break to the upside here's a nik example to rationalize our current market http://www.21stcenturyalert.com/tcx/images...ing/2003-10-01/ Link to comment Share on other sites More sharing options...
anjing bau Posted October 3, 2003 Report Share Posted October 3, 2003 Hey CT did you notice the washout? T JNI 225-1.00 1.01-10 1.01+ -.13 855,095 low of .94 Link to comment Share on other sites More sharing options...
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