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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (63122)	1/8/2003 7:52:18 PM
From: skinowski	Read Replies (1) \| Respond to of 209892

Economist.com on gold's fundementals... economist.com

To: skinowski who wrote (63122)	1/9/2003 1:35:10 AM
From: At_The_Ask	Respond to of 209892

a 10% stop on a $360/oz metal seems a bit steep. Yeah no kidding, imagine if you were short gold stocks and gold ran $36 against you. You'd be doomed..ng.. The qcharts gc looks more bullish than the stockcharts version which I've been watching, maybe it's cash rather than futures? stockcharts.com[w,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G The ed seems more obvious on the hui and gox than the metal. I did very carefully measure the gco3g channel lines and they are converging by maybe five degrees. They probably did it that way on purpose so ewave clowns would short it...g/ng... If you look this over there are quite few solid technical reasons to be near term bearish on gold, (maybe too many?). The gold vs dollar 20 year is the most potent IMO. at_the_ask.tripod.com Then again, TA and wave counts or whatever are always a bird in the bush, things that look so right don't always work out. I'm holding my puts for the moment. If we are in an ed then this little blip up should be the five. So i'm trading my conviction as are the longs who are holding tight. We'll have to see who blinks.