traderfromhell Posted August 23, 2005 Report 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. <{POST_SNAPBACK}> The problem I have getting long here is that I can rationalize support all the way down to 190 HUI. Sure would like to see a hammer.
Ander Posted August 23, 2005 Report Posted August 23, 2005 Well, I guess we have to test the 203-205 area. If this pullback had been like the last, we wouldve started higher today. Earlier, I was hoping for a hammer today, and start moving up, but it looks like that wont happen.
Ander Posted August 23, 2005 Report Posted August 23, 2005 Looks like we are making a bottom, but it'll just take a bit longer than I thought. Probably not much farther in price, however.
Guest Posted August 23, 2005 Report Posted August 23, 2005 ZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzz dharma
AgentSmith Posted August 23, 2005 Report Posted August 23, 2005 I need to scrape some money up from somewhere to buy back GSS. I have a few pennies profit on some GBN and DROOY I could shift over, hmm. This thing is so wound up.
traderfromhell Posted August 23, 2005 Report Posted August 23, 2005 ZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzz dharma <{POST_SNAPBACK}> My hat is off to you dharma. I couldn't sleep well while my pocket was being picked.
palix Posted August 23, 2005 Report Posted August 23, 2005 TFH, I thought you mentioned IUC a couple of weeks ago, if so did you get back on board for the move this week? Some of the other U miners are moving, wnp.v and sxr.to, but den.to hasn't joined in yet, maybe tomorrow. I contemplated buying txm.v in july but the fact that it often doesn't have a bid or ask is too intimidating, at least for me. Good trading.
traderfromhell Posted August 23, 2005 Report Posted August 23, 2005 TFH, I thought you mentioned IUC a couple of weeks ago, if so did you get back on board for the move this week? Some of the other U miners are moving, wnp.v and sxr.to, but den.to hasn't joined in yet, maybe tomorrow. I contemplated buying txm.v in july but the fact that it often doesn't have a bid or ask is too intimidating, at least for me. Good trading. <{POST_SNAPBACK}> Got IUC for a while along with another gem. STM.V. What a piece of .... picked up STM a few weeks ago around 1.48 US. Ugly. I am a bagholder.
ThorAss Posted August 24, 2005 Author Report Posted August 24, 2005 Hooey ST Timing Model went to CASH affecting a small loss (2 to 3 points) from Friday. Unfortunately for me my link went down in the pm and never came back up so will have to execute tomorrow which will mean (likely) a 2% loss. The LT looks to be in death throes. No confirmed signal yet but the combination of 2 half neck breaks and a MACD bearish cross on the dailies is the weight of evidence. The HUI sits right on the rising support line and further weakness (below 205) would move the LT to CASH. Might be a whopsaw and 204 or 201 or 200 might hold it up but then again it might not. I figure if 205 goes the EMA Xover won't be far behind. This will signal that 219 was the likely top for the move up from 165 although a whopsaw is an everpresent possibility. It would require a gargantuan effort of levitation to save it now.
traderfromhell Posted August 24, 2005 Report Posted August 24, 2005 Hooey ST Timing Model went to CASH affecting a small loss (2 to 3 points) from Friday. Unfortunately for me my link went down in the pm and never came back up so will have to execute tomorrow which will mean (likely) a 2% loss. The LT looks to be in death throes. No confirmed signal yet but the combination of 2 half neck breaks and a MACD bearish cross on the dailies is the weight of evidence. The HUI sits right on the rising support line and further weakness (below 205) would move the LT to CASH. Might be a whopsaw and 204 or 201 or 200 might hold it up but then again it might not. I figure if 205 goes the EMA Xover won't be far behind. This will signal that 219 was the likely top for the move up from 165 although a whopsaw is an everpresent possibility. It would require a gargantuan effort of levitation to save it now. <{POST_SNAPBACK}> Hmm. Funny thor I am looking to get long around 195 or so HUI. Just as we got a little upside fakeout we could get one to the downside. Silver is holding support for the moment and Gold so far has held 435. We might go lower from here but I will be a buyer on a nice break. Metals expiry this week. Maybe they want the 430 Calls to expire worthless? Still giving the bull the benefit of the doubt. Watching the slow slide.
Charmin Posted August 24, 2005 Report Posted August 24, 2005 They think silver is bearish.... with the big breaks from the past and the labored rallies in the last year.... big apex with lots of cause.. to move .... sentiment is bearish for sure.... Aden's kiss me tender... see silver charts... http://www.ltg-trading.com/20050823.pdf
Charmin Posted August 24, 2005 Report Posted August 24, 2005 like the word is negative dollar... negative silver... and a smidge of gold acting strangely the best... this is one tough area... Euro no help either....
Charmin Posted August 24, 2005 Report Posted August 24, 2005 what we need is big supply in Buck...! life is gunna be tied up in knots .... waiting....
bearvest Posted August 24, 2005 Report Posted August 24, 2005 Elliott: I posted a few days ago that in trading Elliott, the precise count is less important than getting the direction right. The XAU count is not technically pure as the 2nd blue wave 4 overlapped 1 in red C. We are set up for a minor third wave down that will take out the trendline. 92.51 confirms that the pattern is complete. 93.41 is the 61.8% retracement of the red C wave. Fib levels for the retracement of the rally since mid-May are: 38.2% 92.01 50% 89.38 61.8% 86.74
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