79 replies to this topic

[inamosa]

Everything so far has been normal...no one should be surprised. Gold deserved a retracement to at least $1200. Good buying oppty today for anyone not in gold yet, IMHO.

[dougie]

buying opp could of course get much better what do you see that is normal in the miners arena?

[dharma]

no divergences so far=no buying! dharma

[inamosa]

buying opp could of course get much better
what do you see that is normal in the miners arena?

I don't trade miners, only the metal.

Good buying oppty as in for long-term investors if they haven't picked up gold yet. I say that because we've already hit $1186 and the whole idea if you believe in the secular bull is to buy on weakness.

As for traders, it may be a little early to jump in here although the downside looks limited...$1165-75 is a good bastion of support.

[dougie]

thanks yes 1165 interesting

[inamosa]

If you enter too early, a secular bull will eventually fix your timing mistake. That's the nice thing about secular trends. For those trying to time secular bulls, remember that the surprises are normally to the upside.

[JGUITARSLIM]

If you enter too early, a secular bull will eventually fix your timing mistake. That's the nice thing about secular trends.

For those trying to time secular bulls, remember that the surprises are normally to the upside.

Bob Hoye agrees with you ....
http://www.321gold.c...hoye051910.html

[dougie]

yeah but if you read that closely, 14% could be all it is and we did that I see NO throwing of towels quite yet

[dharma]

today is my turn date, and i expect today to mark the low. hourly divergences in gold/gld waiting to see if it holds in the miners if so, i will add margin. dharma i think it was ken who said today was merriman's date as well buckle up arms and legs in the vehicle

[dharma]

folks this is an eye opener

dharma