bearvest Posted August 23, 2005 Report Share Posted August 23, 2005 XAU: Looking like an impulse down on the 60 minute. An overlap of 95.21 would confirm it. Monday's sharp spike took the index to the 50% fib level, so it could be a completed wave 4--but 4's are complex and this one seems too short and simple. Mind the gap. Mid-gap is where the 61.8% retracement level resides. If 4 is not complete, the gap should prove to be resistance. Edit: It doesn't change the count, but black wave 1 should be moved to the right by 2 days. Link to comment Share on other sites More sharing options...
Old Habits Posted August 23, 2005 Report Share Posted August 23, 2005 Also, I think silver will soon move significantly higher, regarless of what gold does. <{POST_SNAPBACK}> Hope ur right cause I don't have a clue. If this is THE rally, it sure should otherwise we got troubles I suspect. LUCK ALL. Link to comment Share on other sites More sharing options...
bearvest Posted August 23, 2005 Report Share Posted August 23, 2005 Further COT commentary. Focus on the spec's not the commercial traders. http://yahoo.reuters.com/financeQuoteCompa...22546638_newsml Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2005 Report Share Posted August 23, 2005 Also, I think silver will soon move significantly higher, regarless of what gold does. <{POST_SNAPBACK}> Ander... You're a man Possessed. I love your conviction ... I feel the power that goes with ordaining the future.. You have "the force" right now my friend. I salute you regardless of what Gold does in the next 3 days. Link to comment Share on other sites More sharing options...
ThorAss Posted August 23, 2005 Author Report Share Posted August 23, 2005 Also, I think silver will soon move significantly higher, regarless of what gold does. <{POST_SNAPBACK}> Ander... You're a man Possessed. I love your conviction ... I feel the power that goes with ordaining the future.. You have "the force" right now my friend. I salute you regardless of what Gold does in the next 3 days. <{POST_SNAPBACK}> Mr. Mojo Rising Link to comment Share on other sites More sharing options...
Old Habits Posted August 23, 2005 Report Share Posted August 23, 2005 Further COT commentary. Focus on the spec's not the commercial traders. http://yahoo.reuters.com/financeQuoteCompa...22546638_newsml <{POST_SNAPBACK}> Here's another story that paints a negative picture for the miners. http://www.marketwatch.com/news/yhoo/story...57C468C2D1B7%7D He says insiders are selling but gives no figures or specifics. Does it seem a little funny that these folks are working so hard to talk down the price of the metals? What do I know, I'm a conspiracy theorist. So far it's working though, down goes silver, gold next - FUDGE. Link to comment Share on other sites More sharing options...
Old Habits Posted August 23, 2005 Report Share Posted August 23, 2005 So, another higher open in the HUI and XAU..... The pressure has definitely been turned up a notch for Mr. Mojo. Link to comment Share on other sites More sharing options...
Guest Posted August 23, 2005 Report Share Posted August 23, 2005 sure hope ander is correct. still think we correct to 94.8 at least. all in all the market is holding up well. i do expect, like ander, an upside surprise soon. dharma Link to comment Share on other sites More sharing options...
traderfromhell Posted August 23, 2005 Report Share Posted August 23, 2005 sure hope ander is correct. still think we correct to 94.8 at least. all in all the market is holding up well. i do expect, like ander, an upside surprise soon. dharma <{POST_SNAPBACK}> Looks like either a put you to sleep bottom here or we tank soon. 203 should hold I think HUI. Link to comment Share on other sites More sharing options...
Charmin Posted August 23, 2005 Report Share Posted August 23, 2005 Feargreed dude..still sees... 94.50 area first.. http://www.feargreed.com/showgraph2.php Link to comment Share on other sites More sharing options...
Charmin Posted August 23, 2005 Report Share Posted August 23, 2005 I'd rather see HMY spring back above the 8.40 area with some conviction.... Link to comment Share on other sites More sharing options...
Charmin Posted August 23, 2005 Report Share Posted August 23, 2005 silver at the lows and gold up a tad.... waiting for silver specs.... above 6.80 area ...here would be fine.... Link to comment Share on other sites More sharing options...
Charmin Posted August 23, 2005 Report Share Posted August 23, 2005 HMY trend.. with small trading range support of 8.40 broken http://www.StockSharePublishing.com/ChartL..._1124814475.png Link to comment Share on other sites More sharing options...
Charmin Posted August 23, 2005 Report Share Posted August 23, 2005 silver weak.. 7 then 6.91 then 6.85 aden sisters....you better start holding it up above 6.80 Link to comment Share on other sites More sharing options...
Old Habits Posted August 23, 2005 Report Share Posted August 23, 2005 Watching the four horsemen - NEM,GG,GLG and RGLD - so far they are looking good. If they hang tough, we go higher. As for the weak sister silver, that's another "impossible to predict" commodity. Sinclair addresses it on one of his PDF files. He says something like "it puts the bulls to sleep so they give up, then shoots up to $14". Don't quote me, but it is something to that effect. Would love to see a higher close. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.