SI
SI
discoversearch

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 : Strictly: Drilling II
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Bert who wrote (26601)1/25/2003 2:43:43 PM
From: ItsAllCyclical  Read Replies (1) of 36161
 
>> How about a test of 55 XAU and 93 HUI for starters <<

For starters? So you see more downside possible than that?

Dang, you elliot wavers sure are a bearish bunch.

Seems like both you and Slider should be shorting gold stocks here if the risk/reward is that good.

Staying long. It will take at the minimum a break of the 20 ema on the HUI before I reduce positions.

FWIW, this past friday was the highest close we've had yet on the HUI. All the others were intraday highs.

Look back to all the resistance on the HUI chart over the last year around 138-140. It's no wonder we didn't take out 154 the first time. If this next test fails then I will become more bearish as well. Until then going with the trend.

I concede that your targets for the HUI and XAU are possible, but very unlikely here.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News