I see $8.11 on this chart on G, the 1 year. G (sh), I never catch a falling knife, something is very odd here. I think G and GG are great at face value, but THERE IS SOMETHING THAT 'For Petes Sake, does not make sence'. Gut FEEL call.
stockcharts.com[w,a]dacaniay[dd][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G
Nov 15 2001 LOW $8.11 G on day 225 day low on moveing avergae as DROPPED off the 200 day setting JFWIT :
P.S.- This was me earlier: Let' travel back in time those 8 weeks and later on a couple of decades to the earlier 1980s:
Week #32: Chucka Marsh G-t $21,132.00
I wrote ...
Message 17800899
...that I studied the Warrants and the Warrants are poised for a DOWN WEEK also the ones I had bot in the pre split days then as I bot my shares in GG:NYSE ( and on margin to double my bounce sucessfully I might add ), see Thread here for this weekend anaylsis on the warrant price POISED also to go down. G.wt.u on T so I pick a gutsy move in this market and contrary to Bearcat Bob at this time, I hope I am wrong. GOLDCORP SHORT ( this week only BTW if whatI fear is off set by enough greed in this recessionary market I forcast)
Chucka G 25% down again? Could I possibly be correct? Egads I hope so, so what; it is only a contest, but I subscribed to that GOLD PRICE report and the $311 was broken HARD this last past 24 July Write Up of David M and that means, with 165% accuracy in 2002 in my personal read of the info that GOLD WILL GO lower to hs 20 Day POG $293 as the 40 day of $301 POG seems to be here early. SELL SHORT ( he says ) 23 July Target ( dated 26 July last write up ) of $301.10 Stop is $312.40 and the close then was $311.20
NOW POG : www.kitco.com Friday last 26th:
""
SPOT MARKET IS CLOSED
opens in 7 hrs. 24 mins.
Jul 26, 2002 13:30 NY Time
Bid 302.80
Ask 303.30
Change -6.70
-2.16%
High 303.30
Low 302.80
Charts...
""
PPS: David Ms site:
goldstock.com
PPPS- That is my TA for GOLD this week, all charts are Physics some have said and the curve may be in full cycle/// to that $8.11CN G I see in Al Collards favorite chart bt reset at 1 year from 6 months...
PPPPS- Now the F.A.- Are folks as ticked as I am that it ( G goldcorp ) fell, that they BOUGHT; GOLD IN THE MARKET at 10% ++ higher that POG and so what some say at $250 higher CN ...no USD than if they bought Gs' own gold that cost only a pitance of what they boought it for at the high...it makes no sense even to anti headgers LIKE ME...( my main reason on shorting AMB those two other weeks I won in what #33 and #34?) Thus I suspect some other reason that makes G a falling knife, I will not say what I really feel as a public person somewhat I might be accused of sending a short sell signal in some weird backdoor way but what is the true differance between a HEDGER short gold and a derivative transactions that G has nake on a large scale TO HOLD GOLD and the POG went south thus LOOSING SHAREHOLDRER ACCOUNTING VALUES and any reson to PROP UP AN ACCOUNTING issue on Generally Accepyted Practices just to BOOK gold higher later seems to smack and smell to me as that was G answer in the Audio Presentation I listened to, I say reason sticks and thus I am in fear mode, anyoneelse?...I want to own G at lower levels again that make economic sense as in my Warrants and entire shares. I felt that the price drop from $7 to $4.50 USD makes absoluly no sense at all as it is not enough. Why would anyone buy a 2005 warrant in which a FALLING VALUE USD $12.50 would have to be spent TWICE as the SPLIT made each of these CN US D payable warrants dowuble the share need and cost is now an EXTRA $25 each on the $4.50 warrants, so equalized it is $2.25 cost now and should be a buck rather than a fin near price( IF as is the case a share is $6 ish or equalized, or n expendature of $13.00 USD now or $11 ish CN dolars now per share or $22ish per two shares and never ever have to pay the $US25.00 for two full shares, too many accounting and math things make me contracy moreso than I am usually...this is one on the things I see. If I am a guru this week and MY OWN FEARS on the recessioany spiril turn south in a nightmare that in no way I have heard any such talk on yet "IF" an offer from PLAYBOY in the future to the Babes of Red Lake L-term. ) I do not understand it. Thus, I short in, this week. Anyways.
PPPPS- I see that the economy in NA may be getting worst, ths this Article I saved a month ago at the front page og AG EDWARDS.com teaches us that the INVERSE may be happenning as the dollar STRENGHTENS ( in this side of the boarder in NA ) for it started last week, so GOLD GOES DOWN when such happens...I see gold going down THIS WEEK as a contrary inverse to these OLD BULL POG RUN anologies of the past :
""
..//... The gold rally in 1982 and early 1983 signaled that an economic recovery was at hand and inflation risk was returning. These previous gold rallies were good leading indicators that the problems in the economy were about to turn around and stronger economic growth with increased inflation risk was likely to follow. If history is a guide, the current gold rally could be sending the same signal. Investors are currently worried about unemployment and problems in the tech and telecom sectors of the economy. In addition, the concern about terrorism and the turmoil in the Middle East has supported gold buying. Finally, the current weakness in the dollar also reflects declining foreign confidence in U.S. economic policies that could lead to inflation when the economy is fully recovered. In summary, the current gold rally appears to be similar in many ways to the other gold rallies during the last two decades. Gold rallied in the past when policymakers were stimulating the economy with low interest rates and rapid money growth. That seems to be the case again this year. Previous gold rallies were also a good leading indicator that the economy was poised to strengthen and inflation risk had increased. Therefore, gold may once again be telling us that the economy is ready to strengthen and inflation could increase during the next year. History would also suggest that the gold rally is not signaling deflation or a double dip in the economy. Gary Thayer Chief Economist "
TITLE was: (Thus I see Gold going DOWN )
::""
Gold Rally May Foretell a Stronger Economy and Increased Inflation Risk The price of gold on a closing basis recently hit its highest level in more than four years, surpassing the previous high hit in October 1999 near the height of the Y2K scare. Today I thought it would be good to examine the current rally in gold, and compare this advance with previous moves in order to see what the gold rally may be telling us about the economy and inflation. But as always keep in mind that past performance is not indicative of future results. Looking back over the last two decades, there have been six significant gold rallies, including the current one, that developed after an extended period of declining gold prices. There are many factors that influence the demand and supply of gold, including costs of production, economic policies, currency fluctuations and political uncertainties. Nevertheless, there appears to be one common element in each of these six gold rallies. The economy was coming out of a recession or major economic slowdown during each of the advances in gold prices. //..//..""
I think we are going into a RECESSION.
The low Friday of CN$10.25 is so much closer to $8.11 than the high in the bull run I fear:
www.aol.com quotes:
""
G - GOLDCORP INC
Last Price: 11.40 at 15:58 EDT
Change: Down 0.96 (-7.77%)
High: 11.75 at 9:30 EDT
Low: 10.25
Open: 11.75
Previous Close: 12.36 on 7/25
Volume: 3,323,975
Currency Units: Canadian Dollar""
ChuckagainIcan'tbelieveIamshortingG(Chuckastatement of EMPHASIS, I was the first at SI in 1997 to start using such EMPHASIS on the net, I have not used one for months, am I a CHALLENGE PICKING here, that is wrong,only time will tell. ) |
