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HUI Norte explosion imminent?

Started by senorBS , Mar 23 2006 10:00 AM

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15 replies to this topic

#11 dharma

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Posted 23 March 2006 - 02:37 PM

have been buying this am, lots of gold issues have daily and hourly rsi divergences from oversold condition. worth the shot. silver is impressive! dharma ps. not sure what is meant by the yen carry trade?

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#12 Jnavin

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Posted 23 March 2006 - 02:47 PM

Yen carry trade = borrow in Japan at .01%, lend in USA at 5%. Buy Renoirs and Lamborghinis with the difference.

johnpatricnavin.blogspot.com

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#13 dougie

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Posted 23 March 2006 - 03:03 PM

Yen carry trade = borrow in Japan at .01%, lend in USA at 5%. Buy Renoirs and Lamborghinis with the difference.

and gold is the fear

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#14 vitaminm

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Posted 23 March 2006 - 03:23 PM

Loaded with more NEM. 1-2 from the bottom looks very clear. Daily/hourly MACD confirms.

Up we go !!!

NEM

Resistance @21dma 51.07

vitaminm

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#15 PorkLoin

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Posted 23 March 2006 - 04:03 PM

Can it get above the downtrend line? The MACD is looking pretty bullish right now.

Posted Image

I think that getting above the green line -- the mid-March high (Stockcharts says 306.74) would solidify the bullish case. Right now, the downtrend line is right there too. Getting above it would mean the HUI is making higher highs and higher lows, leaving an ABC decline in place on the charts to the March low, as Señor mentioned was possible for NEM.

Best,

Doug