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gold in a pennant


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#51 dharma

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Posted 13 April 2010 - 09:08 AM

1138 and 1123 are support. i doubt that support gets broken. xau/hui are oversold on hourlies. waiting to see what shape the correction takes. dont think this lasts very long. there is a catalyst out there, dont know what it will be. dharma

#52 senorBS

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Posted 13 April 2010 - 10:15 AM

1138 and 1123 are support. i doubt that support gets broken. xau/hui are oversold on hourlies. waiting to see what shape the correction takes.
dont think this lasts very long. there is a catalyst out there, dont know what it will be.
dharma



IMO if it goes to 1123 the bullish case has serious problemo in Senor's opinion.

BSing away

Senor

#53 dharma

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Posted 13 April 2010 - 01:38 PM

stewart thompson
http://www.321gold.c...n_s_041310.html
dharma

seasonally gold gets some mojo the end of this month and peaks early june, which is what i am looking for http://www.seasonalc...ssics_gold.html
in the last bull they continually raised rates and gold continued higher. higher rates are bullish for gold
1400 is my upper reach for this leg.

my plan was to sell into higher prices , selling the penny stocks 1st. which, i have done to this point. i am contemplating adding a new miner. deliberations.
it seems every time gold pulls back. folks forget the 10year trend. gold investors are their own worst enemy. the shorts raid and the bulls run scared!
i expect folks to get brazen on this leg just in time for a larger correction.
it only gets easy in the parabolic. then its only a matter of buckling and tightening that seat belt
dharma

#54 stubaby

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Posted 13 April 2010 - 02:10 PM

Hey Dharma & Stubaby...Wesdome looking good, would love to see it clear 2.35...

Posted Image



JGUITARSLIM:

Check out the weekly chart - add on any addtional weakness!

Westdome_wkly.png

stubaby

#55 dharma

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Posted 14 April 2010 - 10:32 AM

wesdome busting a move!
i accumulated these shares. and will employ the same tactic over the summer w/ other juniors. i am intrigued by the project generator. i posted this piece last year
http://altiusmineral...0generators.pdf
of course there are others, but this will generate some interesting ideas. one has to do his homework, all that glitters is not gold! prospects require research, ta is not enough, you really have to know what you are buying. how the management is able to execute. etc etc. its why i am very reluctant to name names. i do alot of research and still there are a #of failures. i stay away from the s.africans, their mines are deep and subject to all kinds of unforeseen mining problems.
not sure if the correction is over yet
oil busting a move
dharma

Edited by dharma, 14 April 2010 - 10:36 AM.