4 replies to this topic

[rono]

Howdy all, Hope you folks had tight stops last week. The week prior on friday saw the agricultural commodities start to slip as expressed by DBA and monday the commodities and metals diverged from the overall market sufficiently for me to begin to scale down a bit. Tuesday morning when silver broke $20 it was my exit signal so I was lucky to avoid much of the downdraft with my speculative money. I kept my core and will, but am now curious about next week perhaps starting a seasonal 60 day run. Hey, with the fed only cutting 75 bpts, the whole commodity sector waaaaay overbought, coming into the seasonal weak period for gold, and hedge money being very fickle . . . . the correction should have been expected. A net buddy and gold bud jughead posted this at another forum. Check the seasonal patterns. If this is going to hold true, gold should tick back upward over the next week or so and run until mid-May. Then it should slide into its summer correction and stay there until the fall mega - run starting in September and running until the end of the year. er, works for me, seasonal chart for gold peace, rono

[rono]

sorry, link didn' work,

try this,




http://www.zealllc.c...08/huiseas2.htm

rono




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[uncleharley]

It looks like GLD caught a bounce up this morning. I see no reason to not test the recent highs. uh

[dougie]

pretty anemic bounce. i like it

[uncleharley]

Not a good gap and run pattern at all, but the gap is filled. My stop is at 88.8 on gld. uh

Edited by uncleharley, 24 March 2008 - 02:47 PM.