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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (64834)3/1/2001 1:01:59 PM
From: Proton  Read Replies (2) | Respond to of 116756
 
Re: Gold Technicals?

I appreciate the commentary on this site (at least, those postings greater than two words!). Are there any technicians in the crowd?

My trading tools are a small set of patterns (I live for the wedge!), 60-minute MACD, 9-bar EMA (multiple timeframes) for trend I.D., 20-bar EMA (5, 15, 45, 135-minute) for support/resistance. And the usual suspects (200-day SMA, oscillators, and the like).

Two questions for this erudite group:

1. What technical tools work for gold, XAU, and gold stocks? Each market has it's idiosyncracies, what are gold's? The COMEX delivery cycle seems important, of course.

2. How excited ought I be about the downward wedge in the weekly COMEX chart (goes back to late 1999). This pattern is quite bullish.

On a non-chart note: What royalty/yield plays are there in this sector?

P.



To: russwinter who wrote (64834)3/2/2001 8:59:54 AM
From: Professor Dotcomm  Read Replies (1) | Respond to of 116756
 
<I am keying on the A$ & the SA rand>

Interesting post, russwinter. Could you walk me through the forex effect again? Am I right in inferring that if these currencies rise against the dollar, there will be less hedging and hence the POG would rise?
I thought that because of their increased costs (measured against US$ denominated revenue) hedging would become more necessary not less.



To: russwinter who wrote (64834)3/2/2001 5:55:04 PM
From: Claude Cormier  Read Replies (1) | Respond to of 116756
 
Russ,

I succeed in convincing a few folks on the merit of gold currencies -:)

frankandernest.com