46 replies to this topic

[Tor]

Precious metals are headed lower. I'm not sure when we get confirmation of the next leg down, but it is not far away. I don't think the HUI can rally again to the 467 level again (and if it does it will likely fail once more), either way that will be all she wrote until the next cycle low.

cheers,

john

I have the next cycle low in October, what about you John?

Thanks for your thoughts.

[senorBS]

Precious metals are headed lower. I'm not sure when we get confirmation of the next leg down, but it is not far away. I don't think the HUI can rally again to the 467 level again (and if it does it will likely fail once more), either way that will be all she wrote until the next cycle low.

cheers,

john

I think you are going to be right amigo, uno impottante fact is that sentiment remains muy bullish toward gold stocks even with the big decline from December - HGNSI is at 60.9% Bulls, way, way too high in Senor's opinion. I am flat and FF HUI goes south of the 400 border.

BS is beautiful

Senor

[dougie]

my thoughts too Senor, but if this thread is any indication of sentiment, those numbers are way off: this place is dead, has been for weeks

[JGUITARSLIM]

Dharma...any update on your cycle work? TIA

[senorBS]

my thoughts too Senor, but if this thread is any indication of sentiment, those numbers are way off: this place is dead, has been for weeks

This place is and has been dead for so long I think it's pretty worthless for gauging any sentiment - either bullish or bearish.
My 2 centavos.

BSing away

Senor

[spvies]

This is what I'm thinking.

http://stockcharts.com/h-sc/ui?s=$HUI...8&listNum=1

What is yiur current cycle work saying Silent One? Thanks

[stubaby]

This is what I'm thinking.

http://stockcharts.com/h-sc/ui?s=$HUI...8&listNum=1

What is yiur current cycle work saying Silent One? Thanks

spvies:

Nice chart - if this is c of a-b-c your targets are reasonable, however, until 100-day MA and lower trendline is broken we won't have confirmation. However, odds are on your side.



stubaby

[dougie]

What percentage of time does A=C?
And those trnedlinens you have drown: one has 2 points the other only one so hardly valid, but ? useful to think where we might go.

This is what I'm thinking.

http://stockcharts.com/h-sc/ui?s=$HUI...8&listNum=1

What is yiur current cycle work saying Silent One? Thanks

[goldswinger]

This is what I'm thinking.

http://stockcharts.com/h-sc/ui?s=$HUI...8&listNum=1

What is yiur current cycle work saying Silent One? Thanks

spvies:

Nice chart - if this is c of a-b-c your targets are reasonable, however, until 100-day MA and lower trendline is broken we won't have confirmation. However, odds are on your side.



stubaby

I very mich agree with your charts, Upper 300's looks reasonable to me as a minimum....the alternative is a deeper plunge.....

GS.

[SilentOne]

This is what I'm thinking.

http://stockcharts.com/h-sc/ui?s=$HUI...8&listNum=1

What is your current cycle work saying Silent One? Thanks

Down into Tuesday (Jan 26?) for a ST cycle low, and then a rally into a March high? PMs look bearish for the moment on technicals.

Difficult on the ST moves, but Merriman has a turn Jan. 26/27 for precious metals and this would also coincide with a ST (5.5 week low) for crude oil. No big bets here this week for me.

cheers,

john