39 replies to this topic

[dharma]

thanks rock, i will take a look. gold hit 950 which is a natural resistance # i look for a day or 2 correction. then another leg up. dharma

[dharma]

my stuff is showing march 7th give or take 5 days as the top for this move. i am looking for this cycle to right translate, meaning last a little longer. my theme is that we are in the base of the parabolic and corrections will be short in time, but could be steep in price. and then later, no more corrections just straight up moves. last couple of nights when studying the charts of the miners, they look like they are @various stages of turning up. there appears to be much more to follow. ano appears to be a lead dog. dharma

[dharma]

using the opportunity to nibble on some juniors eg useg. i am going for stocks that are bottoming or just breaking out. looking for a move to start next week dharma

[kaotic]

My crystal ball shows the exact opposite actually. The PMs likely topped out for the 2nd stage advance that began in December. Along with the stock markets, there should be some pain in store until March 4-6th when a major low is due. For the PMs, this will likely mark the beginning of the 3rd and last stage of the PM advance that began in August 07. Gold should pullback to 885-890 and Silver to 16.50-16.70 range.

Edited by kaotic, 24 February 2008 - 11:06 AM.

[dougie]

kaotic: what is the nature of your crystal ball?

[kaotic]

kaotic: what is the nature of your crystal ball?

Mostly pattern recognition from the 05-06 advance, seasonals from several sources, COT buildup and more importantly, intermarket developments in other commodities i.e, energy and stock indexes as well. The final leg that should end in some type of highly speculative blow-off top could carry gold up to $1250, silver to $25 and platinum to $2700. just my 2c but this is how i'm loading up.

[kaotic]

It sure looks like the boyz are unloading against unsuspecting longs today. The intention appears to have printed a bullish MACD crossover to the upside to fake out new bull positions into the metals just before the takedown. Targets still remain 885-890 on gold and 16.50-16.70 on silver within the next 10 days. This low will be the last opportunity to load up for the final run higher into May/June timeframe.

[dharma]

this correction is close to running its course. done buying . dharma

[dharma]

useg is an interesting gold, copper, uranium, etc play. bollinger bands on the hourlies are squeezed. its going to bust a move dharma

[lhslancers3270]

My crystal ball shows the exact opposite actually. The PMs likely topped out for the 2nd stage advance that began in December. Along with the stock markets, there should be some pain in store until March 4-6th when a major low is due. For the PMs, this will likely mark the beginning of the 3rd and last stage of the PM advance that began in August 07. Gold should pullback to 885-890 and Silver to 16.50-16.70 range.

I've seen the March 4-6th date from a few others who do cycle work. What do you make of Crawford's LOB for the pm complex March 8-15th? He's been quite good and quite awful with his calls as far as I can remember.