5 replies to this topic

[tomterrific14]

http://www.bloomberg...rop-begins.html

Contrary to GS, CS and SocGen forecasts.

http://stockcharts.com/freecharts/gallery....;XAU:$GOLD

Lower than the 2008 panic low when Gold was under 700

Lowest in history going back to 1941

At 8%....is like the VIX at 8 or put option on the SPX at current levels, (but a 10 year duration instead of a 3 month).

[Sentient Being]

I've lowered my buy stop on IAU we are now right around a significant support line down around say 14.80 to 15.0 or somewhere in there. As I recall I'm now in if we get back into the gap from a few days ago. But last I checked IAU was down again today. I'm hoping we bounce off that 15 dollar area support and start swing back up to the top of this long and wide trading range. If we drop through support then I'm most likely on the side for a long time to come and will figure out further down where the next worthwhile support line would be for me to try and buy. If IAU drops below the support line I may lower the buy stop closer to that 15 dollar line so I can be long above it and I'll get out below it. But for now I'm out and not regretting being out. Gold really hasn't show us much new here as it approaches the old support line. Does it bounce and reverse course or does it break down?

[Psycho]

I have a little money on the side available now. I plan to buy some KGC or ABX next week. Dollar strength may not really turn down till this fall. I plan to lighten up on my gold miner position then and move more into natgas. Good or bad, I've made my bets.

[tomterrific14]

I have a little money on the side available now. I plan to buy some KGC or ABX next week. Dollar strength may not really turn down till this fall. I plan to lighten up on my gold miner position then and move more into natgas. Good or bad, I've made my bets.

ABX indicated yield 3%, Record low PE of 6. EPS due Apr 21.

KGC http://seekingalpha....et?source=yahoo

"Summary

The above analysis reveals that Kinross Gold is a sound company on the debt side. It has increased its debt levels over the past 3 years but all of the ratios imply that the company is not "over leveraged" or currently in any financial distress. Currently, analysts at Barclays have an $11.00 price target on this stock. Based on the chart, the stock does look to be forming a bottom, if the stock price begins to break to the upside, this could be an excellent opportunity to invest in a gold mining company with a nice dividend and good upside potential."

[Psycho]

I have a little money on the side available now. I plan to buy some KGC or ABX next week. Dollar strength may not really turn down till this fall. I plan to lighten up on my gold miner position then and move more into natgas. Good or bad, I've made my bets.

ABX indicated yield 3%, Record low PE of 6. EPS due Apr 21.

KGC http://seekingalpha....et?source=yahoo

"Summary

The above analysis reveals that Kinross Gold is a sound company on the debt side. It has increased its debt levels over the past 3 years but all of the ratios imply that the company is not "over leveraged" or currently in any financial distress. Currently, analysts at Barclays have an $11.00 price target on this stock. Based on the chart, the stock does look to be forming a bottom, if the stock price begins to break to the upside, this could be an excellent opportunity to invest in a gold mining company with a nice dividend and good upside potential."

Thanks Tom

[Psycho]

Bought KGD & ABX today.