My Dad used to sing on occassion... "Somewhere over the Rainbow.. Blue Birds Fly"....
Is your Dad still alive?... I miss mine, but then the 2nd law of thermodynamics says all things degrade.. and apparently not too many seem to care that the "power" of paper is degrading at a fast rate....

I often seem to start off a month looking for a top... and here I am again... looking at HUI nearing some resistance.... but then it's only an index.... that one would have to get inside of to see just how the individual components are doing.... but isn't it kinda funny... we usually have a low to trade off of in the April/May time frame

Guess I might as well say... we could be close .. in time... to a high.. in everything...

Even Rainbow's peak somewhere ....

Don't let it hinder you.. it's only a fleeting thought till supply shows up....

HUI
http://www.StockSharePublishing.com/ChartL..._1143861495.png

AEM -I am astonished by the huge amount of cause built up below the current price....
http://www.StockSharePublishing.com/ChartL..._1143861944.png

XAU:

Trader:

That 3 gap rule finds confluence with other indicators.

It's the terminus of wave 4, a common support area in Elliott.

It's the terminus of wave 1, a very important support area in Elliott.

Finally, 132-134 is an area of longer term support on the P&F.

Most recent updates

Ok, I missed it... but your enjoying US Gold Corp. (USGL.OB)... and I'm sad...

http://www.StockSharePublishing.com/ChartL..._1143869162.png

The way some of these Juniors are moving.. says a lot...

GBN
http://www.StockSharePublishing.com/ChartL..._1143869522.png

HUI components:

Here are the first 5 of 15:

AEM : broke out of ascending triangle.

EGO : broke out of falling wedge. Trendline and gap support at 4.25-4.32.

CDE : broke out of ascending triangle. Possibly in the early stages of a 3rd big wave up.

FCX : correcting in the 4th wave of an impulse up.

GFI : overlapped corrective pattern.

Now I think this is top notch advice.

"I would put my orders in at or below $5.00 and see if you get lucky."
http://www.forbes.com/2006/03/31/gold-silv...artner=yahootix

.....SIL.......what a POS........they'll never make money, but they'll stay in business to pay off the bankers.........hedged up the wazoo, new mine production won't get me to buy in with quarterly reports like this..........wow............

HUI Components:

GG : ascending triangle breakout. No chart.

GLG : in 3rd wave up, after abc correction.

GOLD: impulsing up in a 3rd wave.

GSS : marginal overlap of wave 1 by 4 leads to a corrective abc count.

HL : possible parabolic breakout from an expanding symmetrical triangle or failed megaphone top. Disclosure: I have a large position in this stock.

Excellent work. I'm in awe of your abilities. Tig I wished I'd bought when you first talked about USGL and I frankly missed this week's move because the low volume breakout faked me out. Bear this one does look like its gunning the gas doesn't it? Look at the weekly volume.

.......this one caught my eye too........Kensington permit reinstated.......that means gold production next year.........silver and gold.......nice combo....
.....CDE is spending a lotta money tho........diluting shares...........but metal prices should support the continued uptrend.........
.....i'd like to wait until the silvers pullback some more maybe?.....if SMSC is correct, there should be another test of the lows in HUI/XAU forthcoming.......maybe grab this later in the month/early May, depending on how all this transpires.........PF chart saying >$14 on stockcharts..........

I must confess, I've never owned USGL, and only traded TRE. I remember looking at TRE @ .80, but I was already fully invested. hindsight is 20/20. Wish I had put every last dime in TRE.

I'm looking for a market crash by September. Maybe next week.

Then again, I've been looking for a top in the RUT for months now. I'm taking my cash and converting it to Canadian dollars.
They've got a trade surplus, a bunch a oil, gold and silver and the Chinese knockin' on the door.

The USD is going to dump this year - hard.

It was supposed to be Soros' silver hiding place. Maybe tptb are not always that smart money?

Apogee (APE) is in Bolivia too.

Got my orders in.

tigs, i started charting cgref when you 1st mentioned it, and when it finally broke out of declinning resistance. i was set to buy it the next day and off to the races it went. awaiting the proverbial pullback. i like mcewen so i want to own usgl. he seems to know what he is doing. the guys over @gss seem to get in their own way. similar for cbj. managers do the job, the rest is pulling the ore out of the ground.
hadjin, i like mfn too. started to accumulate. will add on pullbacks.
if and when the market tops out, i think the miners will fall w/the broads and create a superb buying op. when the dolar goes down, it will take some time @ first. 1 and 2 type thing, but then watch out. dharma

I'll be moving along for a few weeks, before I go...

I've bought every dip in this little unloved bastard of a stock. Here is the pattern chart and it clearly tells me a story...


Ander's Addiction


It's my largest position.


Best Regards,

The CoinGuy

Recurring theme. Long term cup and handles.

Using a Pnf count on silver from the 8.80 area... there are two phases ... the first phase to 11 has been used up and the second can extend up to 12.90

and...

If Gold is in a jump mode over the 575 area.. the cause can go to 605.. then if the count is confirmed... next to 635-695

got it?

One thing that is good... we haven't reached the Dot.com boom yet in gold/silver shares...

HUI:

HMY and KGC: Both in minor 4th waves of the impulse up. Both have exceeded 61.8% retracement.

IAG and NEM: Both in very weak impulses up. Watch 8.51 and 50.65 for overlaps that would turn the counts corrective.

MDG : Ascending rt. angled triangle breakout. Target 32.50. Possible backtest to support at 28?

Always nice to see some retests along the way...UP

CDE
http://www.StockSharePublishing.com/ChartL..._1143958245.png

Sorry , TCG - didn't get the "Anders Addiction" chart. Obviously that wasn't GSS, I couldn't tell what stock that was.

TCG - you are not saying GSS is your largest holding????

Dharma - I think you are right about GSS, but I think that CBJ is starting to get their act together. They did turn a profit last quarter - largest ever. That being said, the stock has done very little, which could mean there is something that still smells bad enough to keep the big $$ out of it.

I also think the miners will get hurt in a serious downdraft, I am going to tread lightly and keep plenty of cash on hand. We'll see.

SRLM:CDE
Neighbours in Idaho's Silver Valley.
25-to-75 ounces per ounce of price, versus 1.
Qusque Tandem ? Till listing on a major exchange ?

Aurcana
Junior of the year.

.......interesting..........GG now has a real hold on SLW.......62% of shares now......i think i might want to own GG over SLW, especially in light of this transaction AND the fact i get to own Gold to boot........
http://biz.yahoo.com/bw/060331/20060331005765.html?.v=1

I thought the ownership number was old news.

re GG ...yes, they have been 60% holders for some time I thought too.

Tonight, 10:30 PST California... Metals up overseas Gold $2.70, Silver .12

GOLD 04/03/2006 01:24 584.20 584.90 +2.70
+0.46%

SILVER 04/03/2006 01:24 11.61 11.66 +0.12
+1.04%

The little engine that Can ! Gee, who da thunk it ?

New York Spot Price

MARKET IS OPEN
(Will close in 4 hrs. 54 mins.)

GOLD
04/03/2006
08:37
586.40
587.30
+4.90
+0.84%
585.50
587.60

SILVER
04/03/2006
08:37
11.56
11.62
+0.07
+0.61%
11.45
11.66

For review ..IKE... Last Tuesday March 28
http://www.financialsense.com/Market/iossif/2006/0328.html

"1. The bullion will break above resistance and rally to 630. In that case it will pull the XAU along to new marginal highs. If the bullion closes above 590, and the XAU can close above 144 over the next 5-10 trading days, then the odds will be better than even in favor of scenario #1, and we ought to expect the XAU to test resistance in the 150-160 zone"

It's trying ... 6am PST ... Game on !

MARKET IS OPEN
(Will close in 4 hrs. 28 mins.)

GOLD
04/03/2006
09:03
586.90
587.80
+5.40
+0.93%
585.50
588.70

SILVER
04/03/2006
09:03
11.61
11.66
+0.12
+1.04%
11.45
11.70

PLATINUM
04/03/2006
08:19
1068.00
1078.00
+7.00
+0.66%
1068.00
1078.00

PALLADIUM
04/03/2006
08:20
337.00
342.00
+6.00
+1.81%
337.00
342.00

15 minutes till our open, Gold up $5.90, Silver up .18

Absolutely amazing run, especially on silver.

I was surfing Ebay and found that I could buy my own gold mining claims either here in Ca. or in AZ. I could probably do that for a few hours before I got bored to death.

Good luck K-mart shoppers, everything is going up, including rates.

Oh my !! Gold up $6.60, Silver .24

kind of funny ... Miners seem unimpressed with the rise of the metals, not just today, but the last few sessions.

ummmm... let me edit that statement after seeing my portfolio ...lol, WTZ, VGZ GLG GG, quite a few are rockin.

OK... your really making me jelous of USGL.OB...that I don't own..

New HIgh for spot gold - up 8..
589.50

I see you lurking Tig. Wipe that smile off your face.

Then buy CGREF which has been offered a buyout by USGL for the discount. One share CGREF for 0.63 shares of USGL. With USGL @ 9.85 that values each CGREF share at 6.2055 and they are trading at 5.40. McEwen is the CEO of USGL and also the Executive Chairman of CGREF, so one would have to conclude the deal is a safe bet.

Im happy Im in there, but I want everyone here to win. CGREF is a nice way to play it.

gold making an impressive move! miners not that impressed! taking some off the table. thank you . dharma

gold making an impressive move! miners not that impressed! taking some off the table. thank you . dharma

I don't have any projections for USGL.. but let me ask..was USGL once at $240?

it shows up on my charts from 2000

Dangit, now I have to be associated with the worst gold stock in the world.
I have more of 3 other mining stocks, than it. (Thankfully)

Gold up $7.80 and Silver .25 and the damn miners are leaking all over my keyboard.... The longer this goes on the longer I think about cashing out and holding the metal only. It's the GREED factor and that the Mining shares might catch some of that dot com fever.. If they do, I'll happily leave lots on the table for the next guy; but not at these levels on the Mid Caps. Still too cheap.

Cheer up you could own GSS.

lol.. true, true enough... Thanks for the attitude adjustment..

if we go down here, into the end of the month(20th).. then that will be another buy point, some kind of top today. did a little selling. looking for a buying opp. dharma

Gold and Silver still within trend up channels. Miner prices seem to be in profit taking mode. Going to have to break trends on closing prices for me to panic. US$ getting sicker by the moment. Regular market couldn't hold highs today. GM and Iran make the outlook grim.

........well, this is looking more and more like mining stocks are in GIVE UP mode.......i 'spose there's a need to back and fill a couple of daily gaps left behind.....i'll hold on for a backup to maybe HUI/315 or so.......

.......i don't like all the attention gold/silver is getting in the press........reinforces my suspicion of backup mode in the stocks.........

.......NEM....acting like a GIRLIE-MAN............i'll avoid this one like GSS.............

Harami on Silver:




from JesseL


from McHugh