Jim Puplava calls the bottom on the Saturday May 28 broadcast 3rd hour in the last 10 minutes of the program. http://www.netcastdaily.com/fsnewshour.htm

wasn't that two weeks ago....anyway, he might have just called a near term trading range high.. but, we'll appreciate some kind words any day of the week.. actually he might have applied some fuel to our sawdust pile...

Puplava? What do you think? Might ? Could? Ha! Smile.

Well, TFH...

We all can't enjoy French TV but at least we know where your heart is......

For those who watch moving averages....

it might be nice to get above the 50 dma and stay that way for a few months

with it moving uphill.... we might have to move sideways for awhile...

Might in May might go together TFH....

at least we've seen it hit a bottom... we'll wait for supply to tell us where the trading range high is....

....assuming a bull.....this has yet to participate.......(confidently trapped in long options)......

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.....anyone still believing in silver (markets still seems to).......the Hunts brothers sand castle.....permitting and court renderings all favourable.....should be at least 2 bucks by conservative metrics.......

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......still arguably the best miner on earth.....fully a bull reflection and remarkable resilience.....a true bellweather.....


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Call it the Bre-X discount. I'm thinking an across the board ten X average increase would be nice. But for that to happen Hooey would need to go to nearly 2000.
Maybe. It is interesting that CBJ stayed strong throughout 96 even though the POG fell all year (from a high of 417.50 in Feb) The stock didn't crack for another year. So much for the shares leading gold. Happens sometimes but sometimes it doesn't.

Hmmm, is that $2 for CZN or $2 for POS.

....if a brainless grinch had dry powder instead of 76' olympic coins.....silver believers take note........


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still believe this one tied to inflation/deflation enigma......lead and zinc components the real apple.....silver a bonus.......(and the remnants of B.H's dreams).....

......this bitch never could never shed the scarlet letter of hedging and near bankruptcy.......what other 600,000 + ounce producer can be had at this price? Dumb french managers are within grenade reach of an angry grinch.....

The best and worst performers high to low and low to high respectively in the last 3 years:

Worst
CAU 5.36 to 0.62
DROOY 5.36 to 0.62
GSPG 5.36 to 0.036

Best
GSS 0.73 to 8.64 Recent Low 2.33
NAK 0.25 to 9.00 Recent Low 3.50
SWC 2.20 to 18.18 Recent Low 6.05
TGB 0.19 to 2.30 Recent Low 0.80
WTZ 2.00 to 11.65 Recent Low 7.05

.....did my homework and was eager to buy at a .90.....impatiently bailed at .75 then watched her blow to 4.00......this has a great profile.....if...........


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.....could have....would have....should have......but didn't......now a heavyweight with no manager.........who should'a been a contender......

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....the great satanic uber-hedger.....lair of dr.evil.....wasn't she supposed to be bankrupt by now?......hmmm....bill murphy go kneel in the corner.....

....another uber-hedger we were warned not to touch.....until Donlin creek.....and the revelation that sometimes .....hedging works......


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.....ol' geezer's baby......and perhaps the real reason he wants us to be zombie-bulls.....



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The French said NO
70% went to vote
of the voters 55% said NO
Gold and goldshares up in early trading

Hi Ageka
I have heard that Chirac may ignore the will of the people and override the vote. Is that possible? and would he, considering it would probably be political suicide?

Are all the Euros being sold being used to buy dollars? Could any of them make their way into gold?

And then there's this.........

http://www.menafn.com/qn_news_story_s.asp?StoryId=93474

Action in Goldcorpse and Newman! in TO would suggest it's pullback time. Newman! is looking especially bad.

Buy the pullback. Na na na na na.

Well Chirac was stupid enough to decide he wanted a referendum
( which he was not obliged to have ; he could have parlement vote yes
directly )
Second the Belgian TV reported that the Euro Union's spokesman said that they could go ahead with the voting and if France was the only NO give them a second chance .........
Gold was up sharply in euro so it is Chiracs problem whether he survives or not

you know what news is good for... extra volatility that usually has nothing to do with to the direction something is going in anyway.... extra special when it it created near support or resistance....

DX daily OP is in the 87.40 area.... bingo 87.45 tonight

other details here...
http://www.foxfutures.com/futures/050523-dlff/2-DX.html

Gold hanging tough with big Dollar move here. Should set up a nice buy in the mining sector this week if not Tuesday.

Why tuesday

Ruby Tuesday?

Weekly confluence for DX.. basically the same as above. Nearest ice at 87.47

Melissa might have something to say about that Euro vote this week - huh TFH....

Perhaps Tuesday Weld? A reversal is not out of the question. I would like to see some stops run in Gold under 415. I think we get a nice buying opportunity in the mining sector this week if not Tuesday.

i bought more gold coins on friday, after the close. i have a big position in the coins. and about 50% in on the miners. i went for it in 78-79 and got out. i plan to do the same thing again. this is a position, although long term, its still a position. i do think this will be the launch pad. is the low in? i dont know and dont care, but when this stuff appears cheap i will buy. it seemed everyone was looking below 400, we may get there but i will keep positioning myself every $10 or so. dharma

keep buying bro, and never look back......reduce stock position to Zero (of your own money)......It's all good..... ..... sweat into ounces.....giggles into stocks....and never forget..... wine, woman, and song.....

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Are you taking delivery of the coins or is this some kind of company that holds them for you ?
Last time I was in from 1975 onwards cost averaging

In Euro nice uptrend since januari
Still have to get out of the multi year triangle

Preferred Scenario...

$XAU 60 minute chart

Best,

TCG

Twice in the last 12 hours I've heard Warren Buffet chastised for being short the dollar - once on Crapvision Europe, again this a.m on Crapvision.
Buffet is short the dollar at higher levels than these. I doubt he is underwater.

This ought to tell every contrarian that this dollar rally is long in the tooth.

We'll see if 415 can be defended.

OH,

Watch a little better quality TV...

12:30 PM ET - Market Call with Jim O'Connell

Canadian and U.S. mining companies and precious metals
John Embry, chief investment strategist, Sprott Asset Management

Best,

TCG

Not buying the bull$hit about Buffy and Soros being short the Buck. Notice the timing of the announcements? Right at the freakin' bottom. Please. Like Soros is going to tell you what and when he's doing it?

Thanks TCG - unfortunately I don't get ROB-TV so I'm stuck with the Wall Street infomercial and Liz Clayman spinning every bit of news as positive.

Total headfake this morning. GSS and SSRI are up now

Well TFH, I don't think either guy would tell us when they were taking a position.

That being said, if you followed what and when Soros made his statement about being short the $, it was back when the DX was 94. He has since said he is no longer short.

Buffet can't hide his position as well because Berkshire must put out quarterly reports. So, we only know that his position is still intact as of last quarter. He also began shorting when the DX was in the 90's and has been accumulating on the way down. The only thing we don't know is if he has covered. Buffet likes to hold his positions for awhile, i.e. 140 million oz. of silver since 1994. I would bet he's adding to his dollar position. We'll know more in the beginning of July.

Are you buying the pullback today like you advised earlier?

One more thought regarding the dollar. Let's not forget that a strong dollar is not good for the U.S. I gotta wonder how long before there is intervention to cap the $ rise.

It appears that we are getting closer to a war of depreciating currencies.

Yep. Any weakness the next couple of days.

yes, taking delivery of the coins! what do folks think of nto?
to my eye it looks like we had 5 waves up on the xau/hui. 81.44 and 82.42 are the .618 and .5 correction points of fridays highs to the lows. i will finish my buying in the shares should we get to those levels. dharma

WTZ testing the creek at 9 - breaking that area would really be a good move...

GG bounces back after this morning...

What if we don't get down to those levels?
Is there another level?

Silver is getting dangerously close to going green.

Don't wait much longer.

can someone tell me the Weaton Silver symbol... Having trouble finding it for some reason.

Thanks

SLW.to

I was actually on the phone to lighten up some of my silver positions, when I looked down at my silver quote screen...

Now that's a pop.

Best,

TCG