Once again we whittle a bit off the edges and come up smack dap into the 620 area. Still cause building on GLD in a trading range between 60-66 after the selling climax down into the June 13 low. Stocks continue to absorb into resistance areas with some running well into old May highs.

June 13 low is marked on many stocks with August 9/23 highs marking some resistance with shallow pullbacks from the August highs.

Carry on.

GLD
http://www.StockSharePublishing.com/ChartL..._1157073235.png

New high SSRI
http://www.StockSharePublishing.com/ChartL..._1157074518.png

SLW Jumping into high ground again
http://www.StockSharePublishing.com/ChartL..._1157074595.png

NXG on fire afterhours trading up to 5 before retreating back to 3.90. What gives?? 22% normal volume after the bell. Can't find any news

Bearfest, saw the same interview you did on ROBTV. My numbers are a little different. GG gave up 40% of its shares to gain a 23% increase in production. So shares should fall 17% - another 7 % to go? Interesting this wasn't put to a vote. Smells of pure desperation. A rookie move by Goldcorp?

Not to beat a dead horse or anything, but a poster at another gold forum made the point that GG management called Glamis overvalued back when the competed for Wheaton. He has a point. It's not just how many fewer ounces Glamis produces, but the quality of that production. It's comparing apples and oranges. Goldcorp properties produce at a negative cash cost, while Glamis is well over $200 an ounce to get it out of the ground. This new guy at the helm sure knows how to give Goldcorp a hair cut.

Oh, well, from here to 390 on the HUI all the heavy lifting in my portfolio will be done by Barrick. Goldcorp could very well a non-participant. Which begs the question, do I double up to at least break even, or wait until we hit 390, pull back into the 340s and then add something?

I don't know. GG acquired a few befofe this merger. GLG tried to take GG and failed. No money is changing hands just shares both unheadged already. If GG offered to much it is mute now because the premium has been erased after today's action in GLG. I haven't really seen any pundits put forth their take on this merger. Only thing I did read of interest is that some unnamed analyst thought GG could be a takeover target now that their shares are so low.
I added a little GG around $27. As long as gold goes up I see no problem.

Here's the interview. Scroll down to 6:30 p.m. for "the Business News..."

http://www.robtv.com/shows/past_archive.tv?day=thur

Based on Yahoo's numbers, I agree with your 23% number. McEwan used 30%.

No vote? Goldcorp says it was to ward off hostile suitors. Glamis, by contrast, is legally obliged to put it to a vote. Big deal.

GG:

http://finance.yahoo.com/q/ks?s=GG

GLG:

http://finance.yahoo.com/q/ks?s=GlG

SILVER:

Ok guys, someone help here. I sold NXG last night at 4.25. It backed off fromthere and I doubled up on a position.
Now I am screwed. I have no clue what this means, why it happened, etc.....

Erroneous- word of the day

NASDAQ Head Trader Alerts


August 31, 2006

Head Trader Alert #2006-123 - NASDAQ Will Break Trades in Northgate Minerals Corp. (NXG) Affected by Erroneous Trades
Please Route To: Head Traders; Technical Contacts; Compliance Officers
What you need to know:

NASDAQ® received notice this afternoon that a firm placed erroneous trades through NASDAQ systems in the security Northgate Minerals Corp. (NXG).
Pursuant to UPC Rule 11890, NASDAQ, on its own motion, has decided to break any and all trades in NXG, executed in NASDAQ and its facilities (i.e., NASDAQ Market Center®, Brut and INET), from 5:10:00 p.m. through 5:45:00 p.m., Eastern Time (ET), at a price below $3.64 or above $4.45.
UTP participants have agreed to use the same terms for breaking trades that affected their markets.
This decision is not appealable.
Who you should contact:
Please refer questions to NASDAQ MarketWatch at 800.211.4953


ARGGGHHHHH!!! I guess I will get smashed this morning when I thought the stock was going to take off. Scam, sham, thank you mammm....


No action in my account yet. No clue if I sell shares later if they will be taken away since I bought afterhours.
No clue why it is illegal, how a firm can do this, what will happen to my realized gains of 15% from the daytrade yesterday, why the firm was buying in the first place, if the shares will actually be reentered again, whether the stock craters or skyrockets, how this will effect margin (small fractrion) or any of this. What a pain in the ass.
-I do not deserve the inconvience because of someone elses mistake or stupid trading. I know it is a pipedream but the company buying all the shares should take the pipe. I do not see how they could have done this on accident or why they do not deserve all losses involved.

Maybe they were meaning to put in orders for the morning and pushed day +ext on accident or something. Now they may have the option to say forget it now....someone got a free test drive and was able to see everyones hands regardless....

called the 800 number but it puts you on hold forever..

Rough break.. in times past, I read about these busted trades occasionally on IDS.

... and there was you thinking it was too good to be true. Here's a 911 for you, the casino is rigged! Try to avoid trading after hours, though.

One thing I wonder about is how do you place multiple bad trades when it is limit orders only.

Faramir - do you mind explaining note 2 of GG latest quarter? Where it talks about GG's loss of $1662 an oz. "as a byproduct of copper and silver sales" or something of that nature?
I look at the Alumbrera mine in the report and wonder why on earth with a loss like that would you even bother to keep a mine open at that cost?

Other than that every mine is profitable and overall GG's earnings doubled last quarter and year over year.

How about a nice little comeback for the weekend?

XAU:

Rangebound today?

gg sporting hourly divergences, may add again. dharma
bought gsx yesterday. below 3 is a gift.

Supply is going to dry up on GG. When it does, all eyes will be watching.

http://www.StockSharePublishing.com/ChartL..._1157127462.png

XAU:

Confirmed impulse up.

I'm surprised to see this move.

I thought the Merc was closing early today.

We've cleared both short term resistance levels and we should draw a bead on 150.70 next week.

Nice comeback.



SSRI: Wow! Nice move.

Actually its the opposite. I don't know if I approve of the way GG calculates its cash costs per ounce. It is finding out how much its cash costs are and then applying revenue from silver and other byproducts against it to reduce that cash cost again. Overall the company ends up with a negative cash cost - meaning for every ounce they pull out of the ground, not only does it not cost them anything, but they are being paid to pull it out. Alumbria must have a lot of byproducts because they get a negative 1662 cost. So if you estimate gold will be 850; take 850 PLUS 1662 and that is what they are earning per ounce pulled out of the ground.

Will the weight of GG be enough to keep us from breaking to 390? Here's the problem. GG is holding the 200 day MA in US DOLLARS, but busted it in CANADIAN DOLLARS yesterday. Which one matters the most? The US version of Canadian version?

Is there something wrong with this picture ????? ? I'm adding GBN yesterday and today; easily.....

OK, got my GG order through - let's see if we end up with a reversal day for GG. I notice some of the midcaps are doing all the lifting today (AEM, KGC). Tuesday will an interesting day ....

If you like the Alumbrera numbers, take a peek at NTO. Then do some DD on Agua Rica north of Alumbrera.......besides, NTO has TCG's stamp of approval.

Finally getting some mucho needed volume in PMU. 95K on the .85 bid. Perhaps to celebrate Pete Neilans first day on the job.

This is probably due to there being days when one exchange is closed. If that day was a high price or a low price compared to the one 200 days ago, it would cange the average.

In the June low, GG just piereced the 200dma, and then rallied.


I dont put much importance on MAs, since things always seem to break them right at bottoms and then rally.

Looks like you are right about that. G.TO broke the 200 day in June, fell for one more day, then reversed and we had that rally up into July.

GLG is trading approx 15% under the buyout price ... Maybe there is perceived a good chance of it not happening. If so, GG here is a real steal.

It's odd too, because this is suppose to be consumated quite quickly.

hadj, thats my take, mcewen is a very large gg shareholder and he is against it. even if it happens it is a good buy. the company will still produce more gold and if you are bullish on the price of gold. more production=higher share prices. will add to usgl at days end. its in an area of support mcewen isnt getting much love dharma

GBN finally just now joining the Green party today..

dharma ... yeah, looking down the road not too far at all, don't know how you can miss either way .

Can we get a rally into the close? 355 would be great!

hui took out its last highs
xau did not
divergences xau has time, but needs to take out its last highs

dharma

353 nice. I'll take it.

Finally above 350

Congrats everyone ...

and BV... your chart earlier this week was perfect. thanks again

I'm paddleing as fast as TGC tells me to..

AS,

Not too sure on NTO, looks like strong resistance at 40.

NTO - Daily Chart

Lots of effort in the first 15 minutes of trade to take the wind out of the sails in this sector. I'll second Ander's comment...353.22 on the $HUI, I'll take it, but would still like to see follow-thru. From my perch, technically, this is a high possibility.

Best,

TCG

I'd recommend everyone head over to Jimmy's and read Monty's article.

"The Truth Is The Truth, And The Spin Is Just Spin"

I'll say this, "When, through your own fundamental and technical research, you're living in the reality of D, you'll be in the right place at the at right time - quite often".

I've done my research...just waiting for my full analysis to come to fruition, until then, you're probably stuck with...

The CoinGuy

For those who missed the press release.

Great Basin Updates Results from Hecla's Underground Program at the Hollister Development Block

Ferdi at the helm of GBN gives me great comfort.

Best,

TCG

GBN - Long-Term Daily Chart

TCG thanks. I guess I'll ask this on the open forum. What is your opinion of TRE as a very long term buy and hold? This GG debacle ,while it might just turn out to be a red herring ,has put me in the mind to stick with JS. Thoughts on that? Thanks again.

Any similarities?

NorthGate Minerals - Daily Chart

Shultz Gold Index

Best,

TCG

Trader,

A couple of thoughts, heading out for the night, so will have to be a little faster than I'd like...

Tanzanian Royalty is a company borne out of the ideas written by Frank Vogl and Jim Sinclair in "BOOM". You can buy a cheap copy at Amazon if you haven't read it already.

For the time being, the label, "Personality Stock" might stick for awhile as the drill rigs bore out what I believe will be some significant multi-mineral deposits+diamonds. Jim has gone to great lengths over many years to identify the perfect mining operation in regards to form and function. Coupled with his literal sea of permits in Tanzania, I think he's found the area where the Royalty concept can come to full fruition right next to a bevy of countries who need these assets. Willing customers just across the pond.

From my own personal analysis and having witnessed Jim's tenacity as a fellow shareholder and CEO in not hesitating to add private placements on a regular basis. I'm doing what I believe is right, which is following the "smart money", by owning some shares.

Since the recent share appreciation, it is perhaps one of the largest positions in my core account. Cost basis is a tad under .80. How hard will it travel north and how high will it go? Well, I prefer the handle The CoinGuy, over the The NutGuy, so I'll just keep that under my hat, but I'm hearing intelligent men utter words north of $50...not me though, no no comment from ol' cg.

As I mentioned in '05, TRE's performance during the latter wave in '03(fifth wave performance) left much to be desired, so I didn't concentrate any large positions in this stock as a trading vehicle this go around(going for more of the wave 2 stuff)...but I'm watching it closely. $7.00 has been very good support. I'll mention, after this wave completes, I'll be able to get a good technical perspective on long-term targets. Personally though, I'm not in any hurry or rush. This story will take years to unfold.

Frankly Trader, when I saw your comments on holding SLW, GG, TRE etc...I just nodded in agreement, from my perch I feel/felt you were offering solid advice, built on a foundation of the "physical metal". My only comment would be for those looking to build wealth over the long haul, please, do not trade your whole account. Build a core, perhaps surrounded by the company's Trader mentioned, and then trade around your core...Again, May of '05 was a gift...I took advantage, and I hope many you did as well.

Have a good weekend, Charts if I can swing it.

Best,

TCG

I'll add a short comment from my previous post on "living in D"...I'm of the firm opinion, many in this group of ours have been living in D...in utter frustration, such as my group was in the early 90's before the tech mania...it'll all be here soon enough. As Dharma has aptly mentioned on many occasions. Patience will be the key to this market. I'll add a strong stomach wouldn't hurt either.

Thanks TCG very much.

Man, even CBJ is doing it LOL

http://www.StockSharePublishing.com/ChartL..._1157164390.png

and why not, markets are in meltup mode with NO supply

Why don't we just even it up at the GLG May highs for both, which means GG looks like a pretty good investment for the next year.

I can't believe the pigmen aren't buying into GG at the 27 area. Just look at the volume and the price spread the last two days.

All fears are gone now as SSRI makes for new high territory.

Look at all that cause below and 17 support.

http://www.StockSharePublishing.com/ChartL..._1157165807.png

Off topic:

Had an interesting meal this evening, the one-armed bandit didn't feel like driving, so a friend took me to dinner. The special, "Twin 8oz lamb porterhouse steaks, blackened in an espresso rub on a bed of spinach laced with pine nuts and cranberries, surrounded by a mote of cappelini".

I don't mind having a little coffee with my dinner, but I've never had coffee "on" my dinner before. It was interesting to say the least.

On topic:

Charm,

If you'll recall our discussion's of CBJ's famous hook..comes in a variety of sizes. I'll admit, any time I see CBJ pulling back, I'm watching the volume closely...

The 1:1 a-b-c, if I'm measuring correctly is 3.95.

A couple of previous hook examples in CBJ:

CBJ - example 1

CBJ example 2

Currently I believe many of us are watching the small hook in ANO.

Anooraq Resources - Pattern Chart

Best Regards,

The CoinGuy

I feel it.

Yes, me too. The vibrations can be felt ....

My favourite song is "Every little thing she does is seismic."

My nickname is vibrator.

I'm a geophysicist.

I live in an earthquake prone area.

EVEN I can feel it.

I was looking over the IBD charts this evening at dinner. Using IBD's momentum indicator(ahem), it looked as though bond prices were overbought, so I thought I'd take a look at a few charts when I got home.

This bear's watching...

TLT - Daily Chart

Best,

TCG

Yamana Gold - Daily Chart

Bema Gold - Daily Chart

On deck?