3 replies to this topic

[SilentOne]

Every weekly cross was met with a decent correction in the metal. The HUI's breakdown yesterday will bring nausea for longs over the coming weeks.

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$gold,uu[l,a]waclyyay[dd][pb50!b200][vc60][iub14!la12,26,9]&r=0249.gif

http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=$gold,uu[l,a]waclyyay[df][pb50!b200][vc60][iub14!la12,26,9]&r=4961.gif

Charts don't lie.

cheers,

john

Edited by SilentOne, 04 January 2005 - 07:56 AM.

[SilentOne]

One thread in the last 30 days??

[PMILLY]

Silent One, The Gold Board has been as quiet as your name. I think it may have to do with lack of interest in gold stocks right now from many traders. Maybe I'm reading too much into it. Personally, I am not trading them right now, since I try not to short the sector. I think there will be a good time to buy in the next few months. I follow Tim Ord, and he believes we have at least another few weeks of consolidation before any sustained move, so many may be just sitting and watching without much to say. Pmilly

[bobalou]

my bs ; I said looking to short gold stocks,now the gold and stocks need one more push down,into the 86 xau,w/ the $$ up, then ,it is a buy so far.so good,.the VOL. is lite on the down side.I'm looking at small cap stocks to hold up OK (but still down) for a big bang, up..I like ORD,and his work,but time wise ??? I think one mo. down, not side ways....and the test of you is on..S one show the xau/hui, w/ 200 day,should play here.a day or 3..