Yesterday and this AM I have been buying gold shares, HUI seems to have held, and dollar is tanking today, POS popped. CDE,HL,FCX,BGI,GG. A mixture of gold, silver and copper.
FWIW
Started by
Chilidawgz
, Jan 27 2004 11:48 AM
18 replies to this topic
#1
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 27 January 2004 - 11:48 AM
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#2
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 27 January 2004 - 11:50 AM
duh! that's BGO, not BGI
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#3
stockbucks_coffee
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Posted 27 January 2004 - 12:56 PM
good trading. I was tempted to buy yesterday as XAU/HUI/GOX tested the Jan. 15 support. I hestiated because the 9dma above prevented me from buying. now the indexes are above their 9dmas today. just be careful, for the s/t make sure they hold above their 9dmas. that's because I believe we are still in a medium term correction.
#4
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 27 January 2004 - 03:59 PM
next time go with what you see, you can always place a stop.
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#5
nimblebear
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Welcome to the Dark Side !
Posted 30 January 2004 - 12:13 AM
I have gg, fcx, AND cde, looks like they are all still going to go lower.
OTIS.
#6
stockbucks_coffee
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Posted 30 January 2004 - 12:19 AM
was today a break down of support from a mini-double top I'm been seeing for this month?
more significantly, despite today's breakdown, and it could be a 'false breakdown', gold/silver stocks could be near a medium term bottom or a strong short term bottom.
if interest rates holds or move higher... and gold/silver stocks bounce back from this breakdown (likely a shakeout of weak hands) then I long again.
#7
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 31 January 2004 - 11:24 AM
As we know, all depends on the dollar direction. I expect that to change though, eventually gold will move uo against all currencies IMO.
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#8
stockbucks_coffee
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Posted 31 January 2004 - 02:32 PM
even if the dollar shows strength, there are rotation going on here. the non-SA were way overbought and have come down. money may be rotating to the SA stocks and laggards of last year. also the SA rand is due for a pause/correction that should help the SA stocks. they should be the next big play until that play is over and money rotates back in to the non-SA stocks.
i bought some SA and laggard stocks on Friday, will load the truck up with everything when this 'false breakdown???' of support is reversed back up, comfirmed by rising interest rates.
#9
stockbucks_coffee
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Posted 04 February 2004 - 11:19 AM
bought long in past days on gold/silver stocks... so far modest profit only...but
interest rates starting to rise here... should be good for the gold/silver stocks. still believe we hit a strong s/t low or...more importantly a m/t low.
#10
TechSkeptic
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Posted 04 February 2004 - 06:43 PM
I am holding my core positions, but not adding anymore for the time being. I have a limit order to buy a small amount of AU at 39, but other than that, I'm waiting to see gold successfully test the 200 DMA area and/or to see gold and XAU generate some momentum buy signals (such as Swenlin's PMO, for example). Basically I'm still expecting one more shakeout of weak hands, and I will feel much more comfortable buying a more severe oversold condition after that happens. I find the goldheart website's comparison of this downturn to the one in summer '02 very interesting.
