305 replies to this topic

[SemiBizz]

given the performance of miners these past couple of years we would have been well served to have more short leaning anlysts around to help think things through imo

They never write, they never call...

[dougie]

LOL but true to you are one of the few

[fluid]

I don't think gold stocks are ready to rise for another 4 months minimum. The cycles and other things are all well and good but the prices seem to have little or no traction. Just my 2c.

[johngeorge]

Perhaps gold got a whiff of QE this morning.......

[dharma]

the government issues dollars. it is the means of trade. gold is a competitor to govts , all govts preferred issued means of trade. not hard to figure out the rest above 1681 and it will be looking more and more like the lows of 1613 was the low. above 1697-1716 and we are aiming @1800. yellen and dudley are not rogue members of the fed,it is all scripted. ben , never ever took qe off the table. qe is designed to help the economy, it does not deal w/the deficits or debt. that will be dealt w/ down the road. they are just trying to make things "look good" take a look @ weekly chart of the mining indexes 08 and 12 look very similar. i thought @ that time, blood running in the mining streets, that big players were in accumulating, the same situation appears today. the miners are behind the woodshed. my guess is many explorers will be forced to fold their tents. miners w/low grade reserves will be forced to close their doors. in this biz there is an old expression. it goes like this . what is a liar.? its a guy standing over an open pit shouting there is gold down there. ie a miner. i see signs of bottoming action. but not of a definitive bottom. i went on margin @ the lows in 08 . not doing that here. that low was in oct , in the seasonal strong time of year. the weak part of the seasonal year is june/july. i am just about all in. and quite comfortable here. sentiment is quite bearish=bullish as a contrarian. the shouts are comforting for me. watching the market to see if it will tip its hand. either way, i wait. dharma

[dougie]

i see three waves up on the 60 minute charts, letssee the character of the next pullback so far so good

[dharma]

good day, nice day but nothing definitive above 1681 (closing basis) and it looks more promising above 1697-1716 and we are set to challenge 1800 sure the weak seasonal time of year is around the bend but lots of bullish developments out there manana dharma

[tradermama]

good day, nice day
but nothing definitive
above 1681 (closing basis) and it looks more promising
above 1697-1716 and we are set to challenge 1800
sure the weak seasonal time of year is around the bend
but lots of bullish developments out there
manana
dharma

yes, Dharma,..so far everything lining up...I just saw Chan has a buy on gld which I find his signals pretty reliable...I'm waiting for a touch of 1690 for a pnf buy..we have a renko buy on gdx.(it's similiar to a pnf ).....if gdx touches 51..then it's a pnf buy...that said, we would need to see gdx and the mining stocks' relative strength indicator (RS) move to a buy for a stainable rally for a definite bottom..but this sure could have been it. GDX has been on a sell for its RS for a month now and with all the pounding it might not take much to get that too.

Silver had a strong day and is about $1 away from a pnf buy which would be $33.50.

Mercury in Saggi definitely working this time..but we still have till the 20th for a favorable period..after that we shall see..
'TM

[johngeorge]

TM

Yup! So far so good! Of course we will all know in the fulness of time. I have 32.50 as resistance in silver and 1680 in gold. Yesterday I found it interesting that "they" turned away silver @ 32.49 and gold @ 1679. Hmmmmmmmmmm. Looking for silver to break above 34 and gold above 1700 (ala Jim Sinclair's latest) for the next major rally.

Best to you.

[dharma]

above 1681 and we could be beginning an upmove . above 1716 and we are on our way higher. unless , we take out 1681 it is just a relief rally. nothing revealed yet! dharma