Hi, PK! I have indeed "returned" to the joy of some and the dismay of others(grin)
RE: the XAU, congrats on your fine FINE call buy! Sometimes one has to say to hell with the charts, the time is right, NOW!
Glad you pulled the string. That 7 5/8 is probably a lot healthier this AM. However, when they start selling the premium, it will move down quickly so be as quick to bank it as you were to buy it, ok?
RE: talking about XAU, I'm game.
However, I'm in the physical mining game now, plus recycling $20 per ounce gold like Mad Max.
I can't even remember the last time I looked at an XAU chart. I think it was sometime last April before I shut off the computer and started getting my y2k goldmining ducks all lined up.
There was resistance at 270, 290 and now at $322-330 if memory serves.
We blew through 270 and 290, which started the short-covering of the first tranche of mo-mo guys and the "upgrades" by the paid brkg shills, including ML a few days back upgrading to neutral. I understand they upgraded again today, acc'd to CNBC.
I had to run over to a neighbor's to watch the the talking heads on CNBC this AM when I clicked onto here and found the Reuters msg about Au being up 22.50 near/at the opening this AM. Last Kitco I saw about 15 minutes ago, we were up 31.50 at 313, so the 322 level is in sight.
Guess I better stop mining long enough today to get the ole satellite dish hooked up. I've been paying the monthly fee but too busy to hook in. Guess it's time, eh?
Go ahead and talk about the XAU all you want. But nothing has changed with Mack and his house-arrest sidekick, Tom.<g> They'll continue to talk about XAU on the GPM thread because Mack and Tom will continue to post where they biggest viewing audience for their wierd brand of baby talk and off the wall repartee. Plus, there's know-it-all Hutch WHO MISSED THIS WHOLE DAMN MOVE which is Hilarious---and besides, he won't go where Bobby Yellin isn't there every 3rd post to tell him how great he is. Oh, and let's not leave out Don Green, who is shorting all the way up. BETCHA!!!<g> They'll go where the audience is as well.
So, post here or GPM or anyplace where you think someone will answer you. BUT POST, ok? AND CONTINUED SUCCESS W/your 80 calls!
O/49r |
