21 replies to this topic

[dharma]

i am not adding yet, today is the astro date and anniversary date of the gold forever high(1/21/80). BUTT, no clear indication so i am waiting. dharma

[Chilidawgz]

I want to add to my gold shares but right now the 60 minute chart looks to be peaking, would prefer to buy on a trough. Daily looks ok to buy.

[johngeorge]

I want to add to my gold shares but right now the 60 minute chart looks to be peaking, would prefer to buy on a trough. Daily looks ok to buy.

Looking to buy DBS today, but so far, no one seems to think I am bidding enough.



GSG showing buy on dailies. Almost there on the monthly.

[Jnavin]

It's probably smart to wait, but my plan is buy a little bit each day on the belief that we are at or near a low for the sector and that it's impossible to pick the exact day. I'm about 25% into my trading plan on this so far.

[johngeorge]

It's probably smart to wait, but my plan is buy a little bit each day on the belief that we are at or near a low for the sector and that it's impossible to pick the exact day.

I'm about 25% into my trading plan on this so far.

Lack of patience is me so I am done buying precious metals and PM stocks for this run. Am now looking with interest at Canroys and basic commodities. I now own CNE and DBC. DBA looks to me like it could be a buy in here as it appears to have found some suppost ~ @ 25.70 - 25.80



Best to you.

[outsider]

Historically, weak season in precious metals starts in late January if I remember correctly. Maybe this will coincide with Ord's thinking we will go down soon, maybe not. ---Out

[dharma]

the gold stocks lagging the metal is a telling sign. and has been for the last week or so. the upper/lower pivots were not violated. so, i think the wave will finish with this downmove to the lows being @ least tested. using the hourlies to pin point the low believe we are in 3 of this final wave down. no projections. waiting for wave 5 which should create divergences. i will try and post when/if that occurs. the astro seems to have worked well for the broads. the affects will be seen 9-12 days after its occurance. meaning the low should occur by then. dharma

[dougie]

OH NO: even dharma awaits 5 down! <;

[mdwllc]

You may be right; but it's going to happen soon. This Friday will be a major currency reversal day, so I expect weakness in the USD. Mike

[SilentOne]

Mike,

You may be right; but it's going to happen soon. This Friday will be a major currency reversal day, so I expect weakness in the USD. Mike

I dumped my metal positions (SLV, GLD) this morning. I'm not comfortable holding here as we enter resistance levels for gold and silver.

cheers,

john

Edited by SilentOne, 23 January 2007 - 10:52 AM.