Either way, I'm not trading it this week.
I also thought I would throw this in for interest sake. Neural net stuff and quite often spot on lately.
cheers,
john
Gold Forecast
Started by
SilentOne
, Nov 15 2005 06:21 AM
4 replies to this topic
#1
SilentOne
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Posted 15 November 2005 - 06:21 AM
With PPI coming out today, gold's reaction is important. If $465 breaks, there will be some fireworks. No way to know. If it breaks up and clears the downtrend line, well the miners will already be way out in front of gold (on the upside).
Either way, I'm not trading it this week.
I also thought I would throw this in for interest sake. Neural net stuff and quite often spot on lately.
cheers,
john
Either way, I'm not trading it this week.
I also thought I would throw this in for interest sake. Neural net stuff and quite often spot on lately.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#2
TomD
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Posted 16 November 2005 - 03:53 AM
that's the rub...bullion by itself is doing very well..but the miners are not confirming yet...at least in my estimation
Health Canada has just released a study which shows that 100% of the population who have been exposed to whole milk products will die.
#3
PorkLoin
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Posted 16 November 2005 - 02:40 PM
Nice move up in both bullion and mining stocks today. I'd rather see the miners more out in front of gold, as John said, but my bottom line remains that three-wave move down in gold from October high to November low. Not infallible, but it pretty much means we should at least test the Oct. high.
Gold continues to do well versus most currencies -- let's see if we can go up and play tag with $500.
Doug
#4
SilentOne
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Posted 16 November 2005 - 06:33 PM
Nice stick on the HUI today. I haven't see a move like that since 2003. No question what it wants to do now. Get long on any pullbacks or just buy it. XAU breakout > 113 is a buy. Good luck.
http://bigcharts.mar...&mocktick=1.gif
Glad I kept my LT stuff. The question now is how to slide into more positions. I am very underweight silver stocks right now, but very long the metal. It was a mistake trading CDE, WTZ and MGN last week.
cheers,
john
http://bigcharts.mar...&mocktick=1.gif
Glad I kept my LT stuff. The question now is how to slide into more positions. I am very underweight silver stocks right now, but very long the metal. It was a mistake trading CDE, WTZ and MGN last week.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#5
swanstkdh
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Posted 16 November 2005 - 07:06 PM
I am wondering this also. I have been making money trading but it is getting risky getting in and out. The only thing may be a reaction pullback in those if we get a dollar rise real quick. CDE is still expensive so may just sit there for awhile. I cant decide what else I want.
