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Full Version: Daily Digger - Friday April 8, 2005
Stool Pigeons Wire Message Board > Stock Market Message Board > Stool's Gold- Gold and Precious Metals Forum
Charmin
Late this morning and off to breakfast and meetings...

Silver looking good with cause building between 6.90-7.25 and probably drop back down to the 6.90 area....

You might ask what do I do when day thirteen arrives... probably give up laugh.gif
yellowfish
QUOTE(Charmin @ Apr 8 2005, 06:29 AM)
You might ask what do I do when day thirteen arrives... probably give up  laugh.gif
*



As all true gold bugs know - waiting on bottoms is painful. sad.gif

I'm sure it will bottom just as soon as the last 6 gold bugs left here give it up laugh.gif tongue.gif

Hadjin
"I'm sure it will bottom just as soon as the last 6 gold bugs left here give it up "

I've already given up, but my account hasn't.. wink.gif

Old Habits
QUOTE(Hadjin @ Apr 8 2005, 08:19 AM)
"I'm sure it will bottom just as soon as the last 6 gold bugs left here give it up "

I've already given up, but my account hasn't..  wink.gif
*




Ditto

Yellowfish, I wouldn't use this board as an indicator of the POG and the miners. Most here are traders. Hadj and myself excepted.

CBJ - the Horror
yellowfish
QUOTE(Old Habits @ Apr 8 2005, 09:04 AM)
QUOTE(Hadjin @ Apr 8 2005, 08:19 AM)
"I'm sure it will bottom just as soon as the last 6 gold bugs left here give it up "

I've already given up, but my account hasn't..  wink.gif
*




Ditto

Yellowfish, I wouldn't use this board as an indicator of the POG and the miners. Most here are traders. Hadj and myself excepted.

CBJ - the Horror
*



I was just joking with the wall. mellow.gif laugh.gif

I sold my CBJ a few months back, but I still have a death grip on a half dozen other positions, some looking ugly - some not so bad.

I will ride them into the depths of hell (or XAU 85 which ever comes first!) laugh.gif

It seems to me that lately we have had more disassociation between the POG and the USD. Anybody tracking this trend?

I hope we have more of this and soon, as I am worried that uncle buck may be turning the corner. But getting worried at/near the bottom is how it is suppose to be, right? wink.gif
http://www.capitalstool.com/forums/index.php?showtopic=7038
Hadjin
OK.. anyone want to select the best Silver pay right now ? I'm thinking WTZ.
dharma
the dolar looks like it is either finished or one more wave up and then the major downtrend will be assertive. today is a solar eclipse, so i expect change, in the broads from up to down, and in the metals for this down wave to complete. there is a lunar eclipse on the 24th of this month. i am looking for the metals to turn up as a result of the lunar eclipse on the 24th. my thinking is/ has been once this down wave is complete, the major trend will reassert itself and we will head up to new highs. good luck to all !!! dharma
dharma
the dolar is toast!! dharma
Vitalsigns
QUOTE(Hadjin @ Apr 8 2005, 10:24 AM)
OK..  anyone want to select the best Silver pay right now ?  I'm thinking WTZ.
*




Gammon Lake Grs:amex would be my choice. GAM on toronto
dharma
doesnt gates own ssri? dharma
Hadjin
Think Gates is in PAAS... I hold SSRI and WTZ, but SSRI has been evil as of late.. ugh

Owned it once, I'll look at GRS again, thanks..
traderfromhell
QUOTE(Hadjin @ Apr 8 2005, 03:52 PM)
Think Gates is in PAAS...  I hold SSRI and WTZ, but SSRI has been evil as of late..  ugh

Owned it once, I'll look at GRS again, thanks..
*




GRS up big today and into resistance. If I were going long and had a decent sized port I would split it between WTZ SSRI PAAS and CDE and HL.
Ander
QUOTE(Hadjin @ Apr 8 2005, 07:24 AM)
OK..  anyone want to select the best Silver pay right now ?  I'm thinking WTZ.
*



SSRI and WTZ. also, I think SRLM is rediculously undervalued now.

Very high short positions now in SSRI...
Charmin
You may want to watch the present area on SIL - and as of late silver is leading gold...

Buck looks like it's ready for a slow decline...
Charmin
It's probably liable to dip but this is an area to watch for some demand. May 10 of last year it took a dip all the way down to 12.80.
Charmin
It has been some time since I took a look at GSS and I believe I said something like if it can't break out of that wedge it's going to support around 2.50. Somehow horizontal support makes sense in most situations....in the case of GSS it's yearly support... ooooh
Charmin
For some reason I think NEM might retest the $40 area. The bounce and weekly near term trend down from the $46 area may be the logical outcome..
Charmin
bear market in buck/uptrend in Gold

or maybe I should restate it as - bull market in Euro/bull market in Gold

from 84.41 to 82 on buck might be a trade.. but I also see 83.50 area

http://finance.lycos.com/qc/livecharts/def...mbols=CEC:DX05M

have to watch the euro also
http://finance.lycos.com/qc/livecharts/def...mbols=CME:EC05M
traderfromhell
QUOTE(Charmin @ Apr 9 2005, 01:35 AM)
bear market in buck/uptrend in Gold

or maybe I should restate it as - bull market in Euro/bull market in Gold

from 84.41 to 82 on buck might be a trade.. but I also see 83.50 area

http://finance.lycos.com/qc/livecharts/def...mbols=CEC:DX05M

have to watch the euro also
http://finance.lycos.com/qc/livecharts/def...mbols=CME:EC05M
*




My thinking is if 83.50 doesn't hold the rally is over for buckie.
Ageka
QUOTE(yellowfish @ Apr 8 2005, 08:06 AM)
QUOTE(Charmin @ Apr 8 2005, 06:29 AM)
You might ask what do I do when day thirteen arrives... probably give up  laugh.gif
*



As all true gold bugs know - waiting on bottoms is painful. sad.gif

I'm sure it will bottom just as soon as the last 6 gold bugs left here give it up laugh.gif tongue.gif
*




I have been holding all shares I had and waiting
During the waiting I picked up some goldcoins like my new avatar
In the meantime were are heading for a golden cross between the 65 and 200 ema in euros
Vitalsigns
QUOTE(Charmin @ Apr 9 2005, 12:35 AM)
bear market in buck/uptrend in Gold

or maybe I should restate it as - bull market in Euro/bull market in Gold

from 84.41 to 82 on buck might be a trade.. but I also see 83.50 area
have to watch the euro also



My interpretation is that Euro is in a bear market into May until the EU consitution vote is cleared . First the French vote is favoring a No and now Danish and Greece are at risk of rising protests as well . This does not bode well for Euro . One only has to look at what the Quebec NO Vote risk did to the Canadian dollar for the time leading up to the vote .

Dollar has support above 82 and will make new highs towards 87-90 on the next runup before exhasiting the up trend . This is why I am not eager to get back into Gold just yet . Pisses me off that Gammon Lake (GRS AMEX , GAM :TSX) has been so strong during this weak phase of the Gold cycle , prevent me from buying what I would have had the cycles been pointing up . dry.gif
plantigrade
Gold:CRB
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