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

To: jimsioi who wrote (25783)	1/16/2003 4:03:29 PM
From: longdong_63	Read Replies (2) \| Respond to of 36161

Dunno jim, a lot of miners closed close to their HOD. Will see if tonight's the night they put the squeeze on.

To: jimsioi who wrote (25783)	1/16/2003 4:04:35 PM
From: gold$10k	Respond to of 36161

Hi Jims, From a technical and practical point of view, if the problem with gold was overhead supply/resistance (as Sinclair said) then it doesn't matter what takes it out. We'll see. Still got lots of dry powder. <g> vt

To: jimsioi who wrote (25783)	1/16/2003 4:05:20 PM
From: ItsAllCyclical	Read Replies (1) \| Respond to of 36161

I disagree about gold moving on Iraq. Looks to me more like solid basing action and the combination of the Fed Biege Book and US Dollar. Gold long are afraid of the MSFT and IBM spin so the shares got sold off. If the MSFT and IBM guidance is poor to mediocre many gold shares will gap up tomorrow imho.

To: jimsioi who wrote (25783)	1/16/2003 4:08:23 PM
From: Bert	Read Replies (1) \| Respond to of 36161

Jims, Good observations. The buck is putting in a temp bottom IMO...today's strength surprised me in light of the POG move. The weekly/monthly charts are not looking like gloom and doom..yet...let's see what tomorrow brings... Bert

To: jimsioi who wrote (25783)	1/16/2003 4:52:09 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

Jims. Per HUI: What <weak close>? Checked three different quote sites and hfd is shown as 146.91. We closed only a fraction under that, @ 146.21 finance.yahoo.com^HUI&d=c&k=c1&a=v&p=s&t=1d&l=on&z=m&q=l Even if you want to call that small pattern in the afternoon a H&S it only counts to 143-4. And small patterns like that are easy to negate. Not trying to give you a hard time. After all, I've raised some cash this week myself. Just think it's easy to put too much weight on these micro indications during a strong primary trend. In this gold run, since early Dec, a lot more significant fades into the close have turned out to be nothing but head fakes to scare weak hands out of their positions. It's one of the reasons folks here were calling tops every few days since the rally started. In fact, a great many signals generated by conventional TA tools have been head fakes during the 6 weeks this rally has been underway. One of the main reasons I didn't sell ANY large positions, till a few day ago, is because I stopped using very ST charts and indicators. Got too many false sell signals from them last winter and last Spring. Isopatch