Are we about to enter the next leg up in this bull market?
Monday, pre market opening
Started by
Chilidawgz
, Mar 22 2004 08:07 AM
8 replies to this topic
#1
Chilidawgz
-
- Traders-Talk User
- 5,626 posts
A fool and his money... (the second mousie gets the cheese)
Posted 22 March 2004 - 08:07 AM
Silver and gold are up nice, particularly silver. My understanding is there is an undersupply of silver relative to demand currently.
Are we about to enter the next leg up in this bull market?
Are we about to enter the next leg up in this bull market?
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#2
stockbucks_coffee
-
- Traders-Talk User
- 914 posts
Member
Posted 22 March 2004 - 10:41 AM
the xau is really lagging the hui, may be good time to lighten up them gold/silver stocks or place some stop orders for now. SC.
#3
stockbucks_coffee
-
- Traders-Talk User
- 914 posts
Member
Posted 22 March 2004 - 10:42 AM
viewing this as just a s/t pullback. medium and short term still up though.
#4
Chilidawgz
-
- Traders-Talk User
- 5,626 posts
A fool and his money... (the second mousie gets the cheese)
Posted 22 March 2004 - 11:29 AM
well after the open, gold stocks sold down, a bad sign given PM's are up and the dollar is down, a very bad show of lack of strength.
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#5
PMILLY
-
- Traders-Talk User
- 165 posts
Member
Posted 22 March 2004 - 11:42 AM
My take is that the price of gold has rallied fairly substantially, I think it was up to 420 today, but meanwhile, the price of gold stocks has not responded as well. My interpretation is that this is bearish. We may still rally a little more here this week or into next, but I think it will be a good top to short going into April. I still have not changed my view on that.
Pmilly
#6
Chilidawgz
-
- Traders-Talk User
- 5,626 posts
A fool and his money... (the second mousie gets the cheese)
Posted 22 March 2004 - 02:00 PM
sold em all this AM after the shares failed to respond in a positive manner to rising PM prices and a falling dollar...sumpin' is amiss with the shares. Oh well, will wait for them to possibly get oversold again. 
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#7
The_Gold_Miner
-
- Traders-Talk User
- 140 posts
Member
Posted 22 March 2004 - 02:01 PM
Closed my longs today.. The XAU is looking weak, might as well play it safe and take profits while they are there.
#8
stockbucks_coffee
-
- Traders-Talk User
- 914 posts
Member
Posted 22 March 2004 - 02:42 PM
gold/silver here being more of a VST or daytrade stuff lately. may be buying some soon.
#9
stockbucks_coffee
-
- Traders-Talk User
- 914 posts
Member
Posted 22 March 2004 - 02:43 PM
gold/silver stocks, that's I'm referring to.
