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 : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TATRADER who wrote (34921)2/1/2003 3:24:19 AM
From: GTC Trader  Read Replies (3) of 59879
 
<< I am about ready to concede... >>

Message 18308146

<< My prediction: gold bullion will touch 375 before January 30th, 2003... >>

Predicted on 12/06/02 with POG at about $325!

Mark,

Yes, POG failed to get to 375 by midnight tonight, BUT you were within $1.30! AWESOME CALL !!!

By the way, what do you think of the 5-year H&S bottom that seems to be forming on the XAU:
bigcharts.marketwatch.com
The 10-year chart shows it best.
With the head at 40 and the neck at 90, if my math is accurate, wouldn't a close above 90 portend a move to 140 ???
I would think a close above 90 is assured, if not imminent.
Granted there were multiple left shoulders that took 2 years to form, and the right shoulder has only been in the making for about 8 months, but I don't think the XAU will wait another 16 months before heading north sharply.

Do you agree with the above reading?
What is the timeframe that would be associated with XAU=140?

Still waiting for CDE to fly. I think February will be the month.

Go Gold!

Ken
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext