I don't mind saying here that I am pretty long the sector.
cheers,
john
Gold Fibs
Started by
SilentOne
, Aug 31 2004 11:10 AM
1 reply to this topic
#1
SilentOne
-
- Traders-Talk User
- 3,452 posts
Member
Posted 31 August 2004 - 11:10 AM
We are hanging around the 62% retrace of the '04 leg down. Very bullish IMO as the longer we stay here the more likely higher targets come soon (ie. retest of highs). I think gold shares sense this and explains the bullish consolidation we are seeing.
I don't mind saying here that I am pretty long the sector.
cheers,
john
I don't mind saying here that I am pretty long the sector.
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
senorBS
-
- TT Member+
- 10,958 posts
Member
Posted 31 August 2004 - 11:26 AM
Nice point amigo, and the longer gold stays easily above (and extends gains) 200-day moving average near 405 the more bullish Senor thinks it is. Bueno action in Senor's opinion. BS as always.
Senor
