202 replies to this topic

[dharma]

this is what happens when you enter the cost of production zone
http://www.mineweb.c.../...4&sn=Detail
as this takes hold there will be less gold mined doesnt mean we cant drop further into the
cost of production zone

waiting to see what the swiss decide @ the end of november, it has always been a conservative
monetary country. but we shall see
dharma

[Russ]

interesting that despite the action we don't see any around here calling for adding of shorts

Avi is looking for a wave 4 rally now up to maybe 120 gld before the final plunge.

[senorBS]

it is stunning how far down some individual miners have gone, I could not resist AUY (Yamana) at 6.05 this morning, as IMO it is a solid company. The daily RSI is easily more oversold than at ant time in the history of the data I have (since 2001 time frame) and weekly RSI is oversold and so far diverging with lows in the past year. As always DYODD, over the past several days I bot two small tranches of GDXJ, as I said I did add a decent AUY position this morning, as always DYODD Senor

[dharma]

it is stunning how far down some individual miners have gone, I could not resist AUY (Yamana) at 6.05 this morning, as IMO it is a solid company. The daily RSI is easily more oversold than at ant time in the history of the data I have (since 2001 time frame) and weekly RSI is oversold and so far diverging with lows in the past year. As always DYODD, over the past several days I bot two small tranches of GDXJ, as I said I did add a decent AUY position this morning, as always DYODD

Senor

i know these stocks are being valued for moose pasture! sentiment is @ an extreme
and yet the question is asked why isnt anyone recommending more shorts.
what i love about markets is how they go from one extreme to the other.
dharma

[dougie]

crashes happen from deeply oversold markets?

[Russ]

crashes happen from deeply oversold markets?

Seems it did last year...

http://stockcharts.com/c-sc/sc?s=$GOLD&p=W&b=5&g=0&i=p87948625821&r=1412202078566.png

[dougie]

doesn't it LOOK like XAU is starting wave 5 down off 2011 highs?

[dougie]

http://scharts.co/1cnYuRX

TRIX and PMO argue that down in JUST getting rolling

[Russ]

A contrarian move like Senor's ....


Billionaire George Soros Bought $18 Million of Yamana Gold Inc.; Should You Buy, Too?

http://www.fool.ca/2...ld-you-buy-too/

Edited by Russ, 01 October 2014 - 10:07 PM.

[Russ]

Update on the Dollar Index.... It looks like it will keep going up until the end of Oct. , around the 29th +/- a day or two.