Forget the HUI, the XAU says it best.
Good luck!
cheers,
john
XAU Breakout
Started by
SilentOne
, Nov 17 2005 04:39 AM
7 replies to this topic
#1
SilentOne
-
- Traders-Talk User
- 3,452 posts
Member
Posted 17 November 2005 - 04:39 AM
Price rules. Gold will clear $481 shortly and head for $500. Silver cleared $7.95 yesterday, a key level and will probably hold above that level for a few weeks.
Forget the HUI, the XAU says it best.
Good luck!
cheers,
john
Forget the HUI, the XAU says it best.
Good luck!
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
seaeagle
-
- Traders-Talk User
- 2 posts
Member
Posted 17 November 2005 - 03:08 PM
Hey Silentone,If this is a valid breakout and it sure looks like it,the laggards and smaller cap gold stocks should outperform here,thats my guess anyway.This seems to be the case today as GLG is actually down.I picked up some NXG,NAK,and even some SAMEX today.Good Luck to youPrice rules. Gold will clear $481 shortly and head for $500. Silver cleared $7.95 yesterday, a key level and will probably hold above that level for a few weeks.
Forget the HUI, the XAU says it best.
Good luck!
cheers,
john
#3
SemiBizz
-
- Traders-Talk User
- 23,213 posts
Volume Dynamics Specialist
Posted 17 November 2005 - 04:43 PM
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#4
SilentOne
-
- Traders-Talk User
- 3,452 posts
Member
Posted 17 November 2005 - 05:34 PM
Hi Seaeagle,
Today looked OK and volume came in on several big names, particularly the South Africans. I really hope we go higher in the ST to confirm the breakout. An eventual retest of the breakout area is inevitable. Good luck!
cheers,
john
Today looked OK and volume came in on several big names, particularly the South Africans. I really hope we go higher in the ST to confirm the breakout. An eventual retest of the breakout area is inevitable. Good luck!
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
SilentOne
-
- Traders-Talk User
- 3,452 posts
Member
Posted 17 November 2005 - 05:41 PM
"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
#6
seaeagle
-
- Traders-Talk User
- 2 posts
Member
Posted 17 November 2005 - 06:18 PM
Hey John,still trying to figure out how to post without posting your charts,this is still options week and the options writers are starting to lose money here,so weakness wouldnt supprise me,especially in the big miners.The volume looks great on thiis breakout.<img src="http://www.hsletter....s/SGI/sgi.gif">Watch silver ...
Posted Oct. 11th.
Can the XAU and HUI breakout??
cheers,
john
#7
SilentOne
-
- Traders-Talk User
- 3,452 posts
Member
Posted 18 November 2005 - 08:46 AM
Seaeagle,
Hit "Add Reply" at the bottom of the page, not the "reply" button above it.
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
#8
johngeorge
-
- TT Member+
- 4,616 posts
Member
Posted 18 November 2005 - 03:12 PM
Price rules. Gold will clear $481 shortly and head for $500. Silver cleared $7.95 yesterday, a key level and will probably hold above that level for a few weeks.
Forget the HUI, the XAU says it best.
Good luck!
cheers,
john
john
Been watching your gold/silver stuff for some time now. You have been making good calls. Thanks for sharing.
Peace
johngeorge
johngeorge
