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 : The coming US dollar crisis
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Real Man who wrote (12234)10/2/2008 10:10:32 PM
From: geewiz  Read Replies (1) of 71469
 
Vi,

I know you are both market savvy and very familiar with reading charts. What scares the bejesus out of me at this station are the charts of gold stocks. Expecially the South Africans.

I gotta' hold my nose and repeat a dozen times "technical analysis is not relevant" before I buy leap calls. I sure would not buy any mainline industrial or financial company with such ugly charts, but on some recent days I have convinced myself (mistakenly so far) that the fundamentals of excess dollar injections and cutting taxes will bode ill for value sometime in the next year.

I like the S.A. miners for two reasons, one is that S.A. has a similar trade imbalance to the USA which should eventually lower the Rand holding costs low, the second reason is these mines are established mines that can increase production with minimal costs. I was looking at the AU calls. Then I made the mistake of looking at the chart!

Any suggestions on how to ignore the ugly technicals?
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News