10 replies to this topic

[Rogerdodger]

I think this should pop above 37 here, maybe stall around 38 for a little bit.
Volume looks like a wash out.
http://stockcharts.c...8029&r=7183.png

Edited by Rogerdodger, 29 August 2007 - 11:44 PM.

[Cirrus]

I just added some Jan 2010 AUY calls to my Jan 2009 & 2010 ABX calls. I am out of these positions and gold equities if the XAU posts two weekly closes below 125.

[johngeorge]

RD
I like your analysis
Best to you

XAU 6 month daily chart

[Rogerdodger]

BINGO. Now, Will it hold? Maybe retest?

Edited by Rogerdodger, 31 August 2007 - 08:43 AM.

[dougie]

retest of the lows?

[johngeorge]

BINGO.
Now, Will it hold? Maybe retest?

RD
I'm thinking (usually a bad sign ) that ~$32.79 needs to hold here. The next stop would then be ~$39.27 (50% fib retracement of the recent decline) Also that nearly 5.5 million share down day for all intents and purposes looks to me too like capitulation. Old highs look within reach with new highs this year or early next would not surprise. However, a crash from here would be .
Best to you

[vitaminm]

GDX 15min,60min, daily buy R@42 5min sell S1@37.....S2@34

[johngeorge]

RD Oooooops! That's what I get for thinking Not ~$32.79 needs to hold as my above post shows, but, as you show ~$37.00 Best to you

[Rogerdodger]

Nice to see it blow thru 38.
Looks like a s/t term resistance here.
Maybe a pullback to 38 on GDX would be another buying area.
NEM & $HUI look like a pause might be in order.

$HUI 60 minute chart:
http://stockcharts.com/c-sc/sc?s=$HUI&p=60&yr=0&mn=1&dy=10&i=p84707134444&a=21333134&r=7937.png


I see Jack Chan has some new buys on the daily:
http://stockcharts.c...560190&r=22.png
http://stockcharts.com/c-sc/sc?s=$HUI&p=D&yr=0&mn=6&dy=0&i=p24527382819&a=53230925&r=693.png
http://stockcharts.c...71474&r=715.png

Edited by Rogerdodger, 04 September 2007 - 09:41 PM.

[Rogerdodger]

What was that noise? A rocket?