Mining News of Note 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 : Mining News of Note

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: LoneClone who wrote (30313)	12/13/2008 12:36:02 PM
From: LoneClone	Read Replies (1) of 193124

These charts and words are stolen from 4godnwv siliconinvestor.com "Time to buy mining stocks? As shown in the following chart, the $GDM has fallen below it's own 2year average three times since 2000. In the 4th quarter of 2000 it fell to 180.57 before rebounding to 562.74, a 211% gain. It dipped below its 104 wma again in the 2nd quarter of 2005. This time it bounced from a low of 541.39 to 1266.20, a gain of 133%. Of course there were consolidations and further gains in the periods in between, but of interest to me is the potential of the bounce we are currently experiencing. 133% from the recent low of 447.11 would not even take us back to the 2 yr moving average (currently 1125.76). A 211% move would break above that MA, but not above the 52 week high. In short, I am expecting a huge move to the upside over the next 12-18 months."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next