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HUI & XAU - Comments & charts

Started by mss , Dec 03 2005 05:00 PM

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6 replies to this topic

#1 mss

I'M WATCHING

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Posted 03 December 2005 - 05:00 PM

Well I see that I am in the minority as to the outlook for gold stocks. It appears that the "rounding top" that UNCLECHARLY brought up sometime ago is still going on and looks to be breaking down into a long term decline. Below is the RATE chart and the monthly charts for HUI and XAU with pivots, supports and resistance levels. The last two charts suggests that commodities do not have a major impact on gold other than the rotation of money from one sector to another.

Posted Image

Comments welcome.
mss
:cat:

WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!

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#2 swanstkdh

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Posted 04 December 2005 - 11:05 AM

I seriously doubt that yu are the only sceptic. The trend seems up to me but that may be opinion.

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#3 dougie

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Posted 04 December 2005 - 11:19 PM

everywhere i look i see skeptics: read the gold boards: pullback pullback then i will enter is the mantra: and for good reason....

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#4 calmcookie

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Posted 05 December 2005 - 02:20 PM

MSS ... Thanks for your interesting charts.

FWIW (maybe nothing), Alexander Elder is bullish Gold and Oil right now. As for me:

Not a Golden Cookie

For me this metals far too wild
Prefer to look for calmer child
Cause cold and hard it makes me spin
When big ole gaps break down a win

So coins, a few, I have at home
All stocks in gold I'll leave alone
Let travel them, their merry way
Toward the sky, or fall I say

Edited by calmcookie, 05 December 2005 - 02:22 PM.

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#5 ageka

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Posted 05 December 2005 - 04:51 PM

MSS ... Thanks for your interesting charts.

FWIW (maybe nothing), Alexander Elder is bullish Gold and Oil right now. As for me:

Not a Golden Cookie

For me this metals far too wild
Prefer to look for calmer child
Cause cold and hard it makes me spin
When big ole gaps break down a win

So coins, a few, I have at home
All stocks in gold I'll leave alone
Let travel them, their merry way
Toward the sky, or fall I say

<{POST_SNAPBACK}>

I have the dutch translated version of alexander elder and use his three screen system
I also use wave models and gold the metal has 42 more days of upwards pressure left in this rise

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#6 SilentOne

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Posted 06 December 2005 - 07:32 AM

Ageka, I assume that is 42 "trading days"? This run in gold and modest rise in shares is starting to look uncannily like what happened when gold broke out above $320-$325. There was a swift rise above that level to $375 and then a nice smack down to retest the breakout. I assume the same thing is going to happen in the first quarter of next year. Unfortunately though, the miners had a very good retracement in that early part of 2003 as well. I bought my first gold bullion (Krugers) the day gold touched back to $320 in April 2003. 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

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#7 SilentOne

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Posted 06 December 2005 - 07:44 AM

I should add that my strategy has been to convert £'s to gold bullion (and silver too) whenever possible in the last 2 years. I would always look for a strong pound/weak gold to add. I paid £213 per coin back in 2003 and then £224, and £234 after that. I plan to keep the bullion a good while.

Posted Image

Chart courtesy a fellow waver "Dsquare".

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

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HUI & XAU - Comments & charts

#1 mss

#2 swanstkdh

#3 dougie

#4 calmcookie

#5 ageka

#6 SilentOne

#7 SilentOne

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