Natural Resource Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Natural Resource Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: ItsAllCyclical	2/3/2005 8:23:48 AM
	Read Replies (1) of 108824

Well, smackdown ahead of G7 or post State of the Union is here depending upon how you look at it. kitco.com Bush promised to half the budget deficit by 2009, make the tax cuts permanent and reform SS (which is going to cost far more in the beginning if he gets his way). There is NO WAY this is going to happen given what he wants to do let alone in a post 9/11 world w/the US on the verge of a debt collapse. That said YEN (95.8). YEN breaking below some key support. stockcharts.com[r,a]daclyyay[dd][pa93.5][vc60][iUb14!La12,26,9][J44096527,Y]&pref=G Initial target would seem to be 93.5 followed by 92 and 90. Euro still holding support for now, but if 1.295 goes then it doesn't take much imagination to see 1.25 again, but at least 1.28 at a min. Still possible both of these charts reverse themselves today, but if not I'd have to say the $400 POG looks like it's in the cards. Should be a great buying op given where the COTs are already, but not sure where the HUI, XAU will be in that scenario.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next