Gold and Silver Juniors, Mid-tiers and Producers Message Board

STOCKTALK

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.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: loantech who wrote (24396)	11/5/2006 6:06:21 PM
From: jennifersilversun	Read Replies (1) of 78417

So Mr. Chan writes: "we are looking at new highs in both metals in the near future" Yet, the monthly trendline support on the metals has been broken, which is why Chan advised everyone to sell everything a few weeks ago. So even tho we are possibly "looking at new highs" this can still qualify as a tradable bounce in bear market phase within the secular gold bull cycle? Doesn't it indicate that the tech indicators used to make that sell everything call may need to be revamped? This is not a rhetorical or sarcastic query--you make the best decision you can with the information you have at hand at the time you make it--it's just gold is such a small market and thus so volatile; and given that it's real price is still so low compared to past gold bull highs, it makes me wonder if any tech analysis is going to be a useful barometer of gold price movements, or if it needs to calibrated to estimate some other factors.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next