IPMG - International Precious Minerals Group Message Board

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Gold/Mining/Energy : IPMG - International Precious Minerals Group

IPMG 0.0001000

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Mar 7 3:00 PM EST

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From: rrm_bcnu	9/27/2005 6:54:42 AM
	of 799

IPMG Longs December gold closed higher on Monday due to short covering as it consolidated some of last week's decline. The high-range close sets the stage for a steady to higher opening today. However, stochastics and the RSI have turned bearish signaling that a short-term top might be in or is near. Closes below the 10-day moving average crossing at 464.70 would signal that a top has been posted. Retracement to the $447 region would be likely. If December renews this month's rally, monthly resistance crossing at 490.30 is the next upside target. December silver closed higher on Monday but remains below broken resistance marked by August high crossing at 7.40. The high-range close sets the stage for a steady to higher opening today. Stochastics and the RSI have turned bearish signaling that a short-term top might be in or is near. If December extends the rally off August's low, the June 20-reaction high crossing at 7.58 is the next upside target. Closes below the 10-day moving average crossing at 7.273 would signal that a short-term top has been posted. December copper closed higher on Monday as it extends this month's rally. The high-range close sets the stage for a steady to higher opening today. Stochastics and the RSI are bullish but becoming overbought warning bull's to use caution as a short-term top might be in or is near. Closes below the reaction low crossing at 157.75 are needed to confirm that a top has been posted. At these prices when IPMG announces either Cambodia news or other project news I expect a strong rally. rrm

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