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

To: Canuck Dave who wrote (23734)	12/18/2002 11:01:24 AM
From: Silver Super Bull	Read Replies (1) \| Respond to of 36161

CD, Something weird seems to be going on with silver. What are we going to have...$350 gold and $4.75 silver?? I find these people who short SSRI to be an interesting crew. Of all the stocks eligible for shorting, why would one pick a well-funded stock, with such explosive potential? And on top of it is relatively small cap, so short-covering could be an issue? DB

To: Canuck Dave who wrote (23734)	12/18/2002 11:09:04 AM
From: rolatzi	Read Replies (2) \| Respond to of 36161

The weekly price of gold chart shows a rising channel. The upper line is currently a tad below $350 and the lower line is a tad below $320. This current updraft has a bit more to run before it hits the resistance of the upper line. The weekly HUI on the other hand is forming a pennant which should resolve in the next four months at around 132. The daily HUI seems to find support a little below the 200dma which could take a correction down to 113 or so. If it actually tests and holds that level I would load the boat. Of the shares that I watch, GG is about the best having broken out the day before yesterday from the previous high and having held above that level yesterday. Ro

To: Canuck Dave who wrote (23734)	12/18/2002 11:27:40 AM
From: isopatch	Read Replies (1) \| Respond to of 36161

Right, Dave. This is a powerful Intermediate uptrend. More than enough folks trying to call a top - every few days - here AND on other threads tells me we have exactly the right sentiment mix to take the golds higher. Doubt and skepticism are the fuel. Old yeller just loves to climb that proverbial wall of worry evidenced by those too nervous to hold onto their positions. <long, strong and enjoying the ride.> We are NOT at an important top, yet. Isopatch

To: Canuck Dave who wrote (23734)	12/18/2002 12:23:20 PM
From: nspolar	Respond to of 36161

I'm ready CD. It has really been cranking out the shares here and it will rock soon enough me thinks.