Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (17443)	8/16/2002 4:13:52 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

Impossible, not with $30 oil ... this rally signifies the top unless crude gets a whole hell of a lot cheaper - and fast. Regards, Frank P.

To: gold$10k who wrote (17443)	8/16/2002 7:48:26 PM
From: jimsioi	Read Replies (2) \| Respond to of 36161

A reversal in the 10 Year Notes & the HUI Higher high and a down close for the week, leaving an extended tail. Exhaustion top?? Likely be some kicking around in the 112 area would be my guess. A a sure sign that Gold could hold a rally would be the simultaneous decline in bonds / notes, dollar and stocks. That ought to be a signal the type of loss of confidence that propelled Gold in the 70's, though Gold may already be through $318 by the time what is happening is discernable. 10 Year Notes. futures.tradingcharts.com The HUI continues to confound or maybe not....seems ready for a move in one direction or another or for a false one first. 130 seems as attainable as 110. DMI indicator is very relaxed so there's lots of room to roam. Ultimate is at a neutral 50. Seems to be awaiting something to get the proceeding underway again.. $318.32 gold would certainly do it. Buyers seem reluctant to take on positions concerned over another spike retest. Tired, likely late arriving longs are being worked off as they redeploy in the general equities. "Higher but maybe lower first", of course, that's what everybody sees. stockcharts.com[l,a]dacaynay[d20020416,20020816][pc20!c200!c50!c13!f][iut!Ul14!Uya7,14,28!Ug!Lb14!Ll14!Lya7,14,28!Lh14,3!La12,26,9]&pref=G