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To: SliderOnTheBlack who wrote (66433)3/22/2001 9:56:21 PM
From: Roebear  Respond to of 116762
 
Slider,
Posted this on SD thread, thought it very apropos here.

From securitytrader.com, the folks that got their start right here on SI on the old PPPicks thread, the freebie charts du jour are:

securitytrader.com^INDU&ChartID=21576&ChartType=D

I believe that is a fairly new chart measurement 8054!!

RUT chart again, almost hit chart measurement of 413, but almost don't count:

securitytrader.com^RUT&ChartID=21580&ChartType=D

I can't show you the unfree charts, but can describe.

Dollar chart needs a day or three at these levels and has the RT shoulder on real pretty for its head and shoulders. Tanksville likely.
Remember that when you look at the XAU chart!

OSX has a (broken) wedge measurement of 112.5. Drop to support zone of 91-95 possible.

XAU wound tighter than a two dollar watch (boy, that one dates me,ggg). That its going to move soon and move big is a given.
The direction is another thing. However, considering all the above, what's left, ggg?

I've gone from heavy cash this morning back to 30% gold stocks and most bought at the lows for the day. Have a position and plenty of maneuver room plus cash from daytrades this week. Feels comfy.

Best of luck to all,

Roebear



To: SliderOnTheBlack who wrote (66433)3/22/2001 10:16:41 PM
From: long-gone  Respond to of 116762
 
<<And O'Neill - unlike Rubin & Greenpimp; will NOT manipulate/intervene to keep a King Dollar propped up >>

IMHO, he may do it some, but won't do it only at a direct cost to only gold, won't do it directly, won't protect the interest of a few informed people at a cost to the uninformed.



To: SliderOnTheBlack who wrote (66433)3/23/2001 9:02:33 AM
From: unregmarket  Read Replies (1) | Respond to of 116762
 
Slider - Premonition of things to come? POG hits 263.5 this morning (buying pressure overnight from Europe, Japan), but NAZ futures up at 8:45 thereby directing some early US $$ to techies and away from gold, POG drops a bit ... perhaps later today or into Monday or Tuesday, but holds 261-262.

NAZ crashes again early to mid-week next week and the POG blastoff resumes.

Track



To: SliderOnTheBlack who wrote (66433)3/25/2001 9:14:13 PM
From: Hawkmoon  Respond to of 116762
 
But it's strength insures an old economy recession in US Corporate profits/earnings.

For those industries that export, you're correct. But I if I recall correctly, some 80% of the US economy is internal and not dependent upon export markets.

This stands in stark contrast to much of the rest of the world, which are heavily dependent upon exports.

Now where you're correct is the new competition that will result as cheaper inports get US companies in that profits recession. We could even see a return to protectionism, which would hurt foreign economies far worse than ours, while protecting domestic corporate profits.

And until oil is denominated in gold, the dollar will continue to be strong as nation's hedge against their future energy exposure.

But this is play hell on US jobs, unless the Fed takes rates even lower to spur domestic spending and growth.

And maybe this will finally spur Asia and Europe to start carrying their share of the global economic growth.

As for markets to play? I still say electricity, domestic NG, and US AAA corporate bonds. At least until we see some economic reaction to these rate cuts.

And then maybe gold when it appears we're bottoming out of this recessionary cycle. I don't think anyone is going to permit gold to put their dollar denominated assets at risk.



To: SliderOnTheBlack who wrote (66433)3/25/2001 10:00:13 PM
From: teevee  Respond to of 116762
 
Slider,

But it's strength insures an old economy recession in US Corporate profits/earnings.

You got it backwards. America needs and will have a strong dollar to keep the cost of infrastructure rebuild and expansion as low as possible. Expanding upgrading power generation, energy distribution in electrical grids, new gas pipelines etc., is expensive in material costs. A strong dollar means lower costs. We are about to entire one of the largest and longest booms in history. This one will be based on old economy basics like roads, power, power distribution etc. Also, with the heavy snow in the north east, we can expect lots of floods. The rebuild on that alone will run in the billions and billions and billions. If anyone thinks the US is go to hell in a hand basket, they are either dreaming, smoking something illegal, drinking too much or over medicating themselves. Resources and metals as timber, coal, copper, aluminum, zinc, plastics, petro-chemicals etc. are going to be big big big....America needs a very strong dollar to keep price inflation in control.