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Gold/Mining/Energy : Consolidated Silver Tusk Mines Ltd. -- Ignore unavailable to you. Want to Upgrade?


To: Charles Kalb who wrote (1989)7/11/1999 7:15:00 PM
From: pacman  Read Replies (1) | Respond to of 2229
 
great news coming soon!! fact news not hearsay news read it for yourself news..., where is naughty? does he know what is going on now .... i dont think so ,if he does what next!!!! tell us all
naughty................... good guess ha!



To: Charles Kalb who wrote (1989)7/11/1999 9:20:00 PM
From: Ronald Russell  Respond to of 2229
 
Charles,

For background purposes, I notice that there are significant amounts of silver mixed with the gold content in all of Silver Tusk's trench and drill results to date. In looking at a chart of silver prices, I note what appears to be an upward trend in the price of silver. I also am aware that Silver Tusk's gold and silver are relatively inexpensive to mine due to the nature of the deposits. I would hope that these factors would make it attractive to gold and silver producers in today's market, given that so many other mines are on the verge of shutting down due to economics (high costs of production).

Turning now to the chart of Silver Tusk, and at the risk of boring others who may have little faith or interest in technical analysis, I will attempt to explain what I am seeing on my charts. First of all, I am looking at 21-day Bollinger bands, which in the last 4 trading days are pinching together like ice tongs. This usually is a precursor to a significant change in the direction of a price trend up or down. This in and of itself does not tell me whether to expect an upward move or a downward one, but when combined with my other indicators, I am anticipating an upward move fairly soon. The first indicator at which I am looking is a VIDYA (Variable Index Dynamic Average) of the stock's ratio momentum of 40 days' length. This oscillator bottomed just before the price rise in the second week of March and peaked just before the drop in price beginning May 12. As a trigger for buy and sell indications, I am running a 14-day VIDYA Stochastic RSI and a faster-moving 14-day Stochastic RSI crossover oscillator to generate buy and sell opportunities. These triggers went off six trading days before the price rise of March 12, and my sell signals went off May 12, the day before a significant price drop of two and a half weeks' duration.

In a separate window below the others, I am running triple proprietary moving averages of different duration lengths of a proprietary formula indicator (Formula H), which is a special indicator from the software designer of Investograph Plus from Liberty Research. All of these indicators combined are looking very similar to what I saw on the charts just a few days prior to the upward move in March. This may mean absolutely nothing, and then again, who knows. I prefer to think positive.

Good luck to all,

Ron