Kinda dissapointed HUI couldn't breakout seeing 500 gold by November 30..

http://www.StockSharePublishing.com/ChartL..._1133403474.png

Guess I got nothing better to do than keeping one eye on silver... and one eye on the 484-485 area in gold...

I'm sure you have your favorite gold shares... to ponder over..

Let's make it a happy month...

Bigger picture... we got cause to retest the highs.. so we'll be here for a long time

http://www.foxfutures.com/futures/051121-d...6-gc-qrtly.html

GG.. couldn't hold .. though I was waiting to see 23.50

http://www.StockSharePublishing.com/ChartL..._1133408998.png

So.. what is your sentiment?

"Two months ago, when bullion was trading around $465 per ounce, the HGNSI stood at 71.4%. So in the face of an 8% rally in the yellow metal, the average gold market timer has become less, not more, bullish."

HGNSI stands at 50% on 11/29/05

Hulbert

http://www.marketwatch.com/news/story.asp?...teid=mktw&dist=

Meanwhile... other metals like copper... CUP and FCX might outperform because of a copper shortage.. I read it's only like a three day global inventory...

.....grinchies nomination for best "post" of 2005 ........um....er....from another forum...


Date: Wed Nov 30 2005 22:17
Bookmark (Build your own gold mine) ID#114259:
Copyright © 2002 Bookmark/Kitco Inc. All rights reserved


Get a plastic container. Buy bullion. Put bullion in the container. Bury container. The fundamentals of this gold mine are zero cash costs, no environmental problems, no dictators and no hedging. And you are the directors.



......

grinch... you didn't give us the link to the post...lol

Gold is a great investment unless you are Canadian. Gold will probably fall to 440 in the next correction while the Loonie strengthens to about 1.10 Loonies to the Canadian Dollar. That brings the Canadian Gold price down to 480 from the 575 where it is now. Not a great investment.

So we are stuck buying gold mining companies that are run by crooks or the mentally challendged.

Which brings me to my next question:

Why is Kinross underperforming just about every other junior or senior out there?

XAU:

I believe it's entering wave 4 of 5 (of a giant wave C).

110-114 may be the low of wave 4 if it takes on a triangle pattern, depicted below.

XAU:

If I'm wrong on the triangle pattern and wave 4 is a more complex pattern such as a double zig-zag, the likely support level is the prior wave iv of one lesser degree of trend. That would be 101.06.

The bearishness in the trend and overought indicators may support a larger correction.

Gold would have to fall below $480, in which case its next support is 455.50.

I guess by their continuing problem the balance sheet is not accepted yet
and again they found a 200.000 dollar difference


http://today.reuters.com/investing/finance...SS-UPDATE-1.XML

Great stuff Charmin and Bearvest.

The latest email from Jason Hommel:
"As it stands no major silver mining company is making any substantial money by mining silver, not HL, not CDE, not PAAS. So, producing silver at a loss makes no sense.

According to my way of thinking, silver must outperform nearly every other commodity, including oil, due to the silver shortage. Oil has risen from $10 to $70/barrel. (and back down a bit). Silver has not yet risen ten fold from the bottom of about $4.15/oz., from 2003, and it has just doubled by this week, over 2 years later. But I fully expect silver to rise to well over $100/oz. Therefore, spending money on producing silver now is the exact wrong strategy at the present time, in my opinion.

I think the best strategy is to buy up silver stocks."

He's promoting Sterling Mining SRLM.PK
His last free report.. http://www.silverstockreport.com/reports/s...ckreport57.html

My little head/shoulders on gold just got invalidated... above 493 area..

we'll probably see 499 again on the Dec. contract

Pretty odd, maybe we ought to be cheering for the USD to rally. Lately seems $ up = POG up.

I guess the reality is that currencies really don't matter much anymore, other than they are becoming worth less.

Bearvest - I was wondering if you ran across this work over at Gold-Eagle and if you had any comments. I know there are several here that are e-wavers but you are strictly an "e-wave commando"

http://www.gold-eagle.com/editorials_05/bird112905.html

Luck all. Maybe all the sellers are finished with GSS and HL for awhile.

sold 7k GSS at 2.36 for a quick $540 profit. my guess is we'll try to get near that 2.27 close from yesterday. i will likely buy back before that level.

edit: or we just break-away and run, hahaha...i was trigger happy..but you know what they say about bulls, bears, & pigs.

Smith?

Crabbits here. Nice trade.
Dangerous work, but you might have made the right move.

As for me, I got this message from a guy who works on a funny farm and he said the HUI was going to 370 or something insane like that. If I reveal his identity, I will suffer severe loss of capital.

Take the $540 and buy your soul mate something special.

bv, your idea of a 4of5 triangle could pan out. i am looking for a quick shot to new highs, as the cycles i watch run out by dec9. that means this wave should be a straight shot and quickly. then a correction til the end of dec. i will lighten considerably. i am in somewhat of a trading mode here. i bought and added to tre and gg. i am looking for near 25 on gg for this leg. this quick shot down will set up divergences @the new highs.
as for silver, i will be very surprised if it ever takes out its old highs. a new front man would have to step up to the plate. it aint going to be bunker, he got his wrists slapped real hard!
2007-2008 will see a rocket ride. buckle up here, looking for around 510 dharma

Thank you Sir, Crabbits Sir! Actually, I have a little gold kook on the way (boy, first child)...due Mar. 5th.

Off-topic, anyone following what's going on over at CPN, ouch. I traded this once last year and made $30, hahaha...haven't been back. Looks like it's going belly-up...remind me to buy it immediately after it's relisted!

knock knock 501 $ per ounce and in euro gold is trying to jump over the upper up line intraday for the third time and a new high too

Warren Buffet has already done this with silver.

http://money.cnn.com/1998/02/04/markets/ma...commodities.htm

I know some here were calling for a retest of highs but in a 14 hour period?

I held thru this one but had every intention of selling the high and buying back at yesterday's lows.

After the knock down yesterday I added some more HMY Jan 15 calls this AM @ .20 each.

Inflation - may it rip your face off!

dharma: TRE answering your call, nice!

EGO/CUP: taking no prisoners
CBJ: yoyo stock alternating 5% moves...ready to bust to the upside IMO.
GSS: closes one gap only to leave another?
GOLD: nobody cares .. awesome sign.
GBN: papa smurf, are we there yet?
KRY: crying a river for not listening to TCG!

Does anyone believe in Inflationary scenario or are we looking at speculation bubble which is about to get lot bigger like Tulip bubble???

Many thanks

Gallon of gas is down so no inflation this week.

agent smith congrats.
i am afraid we are going to get a big dose of inflation, bigger than 80, taking some time off @the end of the month, depending how this plays out, i may keep my boat full. emotionally i am aok. having a good year. looking to short the broads w/new highs, divergences are the setup. bmhc around 87. dharma

Congrats Agent Smith... Bravo to the little one.

Congrats Agent Smith

Gold just jumped the upper line into 430 euro ask
London pm was at 499.75 dollar ( probably on sale at that price )

8.50 is the area to watch on silver.. let's have a silver lined jump...NOW

TRE broke back through a tad of ice in the 3.40 area... could be a spring of that area

Whoa, where did this come from?

Bah. I mentioned noone following me into these trades because the risk at the time WAS there, and STILL is for all intents and purposes. Plenty of places to make dough in this sector.

These are for a trade as far as I'm concerned. Nothing more.

Watching the laggard GRZ explode today. About time for a little catch up to the other two. This was my point from the other night....if someone was inclined to "TAKE ON RISK" and participate. Again, I didn't advocate a trade in the issue because of the risk.


GBN, the Volume is there in spades today. Let's see some price action. If this stock holds true to form...watch the last half hour. If it's going to do anything...it will then.

Congrats on the baby AS, my Birthday is March 11th, a great month to be born in.

Best,

TCG

TCG
Crabbits here. If you don't mind my asking, I thought you said you had some core holdings that you weren't trading like RGLD. Do you have others?
Do you consider GSS and HL trades as well?


I have 10% of my portfolio in GRS, I imagine momo Meta is looking at it.

Does anyone else hold GRS as a core? It has been one of my best performers in the last two years.

Panic buying Chart


When the market breaks out from consolidation formation it will fly. Look how Nikkei fooled so many.

No I don't mind you asking. In relation to the metals sector...I manage a foundation. In the foundation I hold core positions only which are not traded. I have my own core account, and then two trading accounts. The original stocks I purchased for the core after the miner strike are GLG, PAAS, GFI, HMY, HL, GSS, EGO, RGLD, SSRI and GG(also had WHT). I've sat through all corrections in these accounts and I will sit through any going forward, until "I" see the full fruition of what I'm expecting, and were barely into the second inning from my view in the box seats. Last year I added SLW to the core. No additions or other subtractions. Although, I do hold a half dozen Canadians that have good prospects.

The trading account I utilize swing trades. Selling into strength, and buying on weakness, but keeping a full trade on over the whole length of strength in the swing. Swings can last 6, 12, 18 months at a time...This is the best method I've found. I take my profits off - completely...at the end of the swing and put them into the physical metal AFTER an a-b-c down.

I only purchased stocks after initially purchasing 25% of my liquid net assets into the physical metal. I'm an advocate for holding the physical metal throughout your lifetime, not as a hedge, but a wealth holding that will keep purchasing power.

Best,

TCG

Thanks Coin Guy..

Hey ..I just relaized that I am more nervous when I'm making money with my miners than I am when I'm losing it. I mean .. I really felt the truth of it.

Yikes...

NAK - No attack?

Thanks. I guess that news is weighing against the fundamentals for Kinross.

By my reckoning, and I could be smoking crack here, Cambior should be trading at $3.00 right now and is at least worth $4.00. I'm basing this on its forward looking fundamentals for 2006. It will be practically unhedged and producing over 600,000 ounces. Yet, it cannot even get its ass beyond 2.50. Is there something I'm not seeing in the fundamentals that explains it value here?

Annualized inflation is coming in at 5%. That's a problem since the target is 3%. Try to make money on a term deposit with 5% inflation.

Nope, I mo-mo'd this:



But more involved with mo-mo semis....for now.

I would toss the fundamentals out the door and look at the charts recently posted by TCG, Meta, & FF. The chart says it all - it's doing exactly what it has in the past. If that pattern continues and why not, then we are at the cusp of explosion, there may be a little more work to the downside left to do, but it'll be short. At this point, I feel it's too risky to try to trade these 5% swings everyday, for fear of missing out on the run. You are looking at 2.50 just like me...a break of 2.40 will set the stage, which I believe to be imminent.

I bought some TRE yesterday too. $3.22 I'm late to the party, but hey, it's MY party and I can be late if I want to, right?

Mo moing semi's is blasphemous - but smart.

Looking like good things ahead folks. Especially for the deadbeats. CBJ has management issues, they'll still rally though. When GSS, HL and CBJ really take off, then I'll be scared again.

For now, I'm just grateful to be having a good year. Luck all.

Thanks for the advice. Actually looking to double up my position, but only if we have signigicant upside. I will go search for those charts.

tcg, thanks for that post(last page) it is wisdom. every great trader, those who have made fortunes, this is what they advise you to do.
from my own experience, i started trading commodities in 79 i had read and studied, but really until one goes through the gammit of emotions, its great knowledge, but lacking experience. anyway, i learned about money management, the hard way. put on way too large positions. i would get crushed at the wrong times. luckily it was a bull market. "dont mistake genius for a bull market" anyway, i kept trading, finally coming to the conclusion that this game makes some $$$ but also ages one rapidly. luckily for me in 87 i was short a bunch of sp futures, well the market crashed and i walked away. chucked everything. would spend winters in india and summers in maui/kauai. 2k rolled around the market looked ripe for some big shit. my wife of 30yrs got cancer and died, during the process i put the markets back in the closet. since then i have been getting my head and life back together.
anyway, i got off on a riff, the point is if ,and its a big if, you think gold is going to do big things, then be afraid but go after what you believe. get some and some shares in the core and hold on. i know this is a bear board, but a bear market is not guaranteed(speaking of the broads). however it sure looks like golds time is coming. having lived in india i can tell you, it is their tradition to hoard gold. they have been through many monetary upheavels. and the poorer folks hoard silver.
today, created some divergences w/the metal hitting news highs and xau/hui not. of course this can be reconciled manana. dharma

TCG thanks for sharing your thoughts. dharma you are the man. Best of luck all. Hold the physical for the long ride. Trade the miners put the profits into physical.

Look at CUP.. what a rocket ride..

silver.. jumping over 8.50.... 8.63

could have ourselves a full fledged jump or upthrust
developing..

Appreciate the comments. I didn't know you've been to India. I've several dowry necklaces in my collection. I have many Indian friends in Durban who are affiliated with gold in one way or another, and this is where I learned what "holding wealth" in your hand is all about. I spend vacation time there every couple of years. Beautiful place.

Best Regards,

TCG