25 replies to this topic

[hiker]

The disappointing February employment report pushed out the likelihood of an interest rake hike from August (was a nearly 100% probability according to the federal funds rates) to September (now a 60% likelihood for a 25 basis point increase)... This has provided a floor of support to the market, knowing that the FOMC will maintain its accommodative policy over the intermediate-term which should keep the trading environment favorable for equities

[skott]

stockbucks, good trade on BGO! I can't remember the others. scott

[stockbucks_coffee]

others are gss,drooy,gfi,hmy,kgc,gfi,hl,cde,ssri,paas kinda dabating on whether the downtrend line resistance (from the Jan. and Feb. highs) on the xau/hui are acting as a selling point or a potential break out point soon. if it can't break above it soon then i may sell the everything.

[skott]

my secret accumulation indicator is still showing negative divergence and is still below zero on most gold stocks. I really don't feel like sitting thru a short over the weekend. Who wants to be short with the dollar weak and potential turmoil over the weekend leads me to think there will be a positve bias into the close. Scott

[PMILLY]

Agree with hiker and skott that might be better to wait until next week before taking any short positions. I also do not like to sit with short gold positions over the weekend. Who knows what can happen? Pmilly

[stockbucks_coffee]

xau/hui not moving any higher so i sold half my positions, will decide later on the rest if the HUI drops below +4. SilentOne...whatsssaaappppp or anyone else think the xau/hui could break above their downtrend line resistance from the jan/feb highs? or it's a selling point? i can't tell and my indicators has turned neutral...i hate it when it can't decide

[mss]

TT
You might take a look at this, FWIW

[hiker]

makes sense, mss....thanks.

[stockbucks_coffee]

thanks MSS...i'll just watch for now until HUI drops below +4 or later on what the heck just sell some more

[SilentOne]

Hi Stockbucks,

Watch silver, a strong break of $7.00 and good bye. I'm really bullish silver. Own a wack of microcaps, CEF and gold and silver bullion. I think this move is going to surprise many.

Silver

cheers,

john