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.

Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: crustyoldprospector who wrote (13368)	7/3/2003 9:28:36 AM
From: Little Joe	Read Replies (1) \| Respond to of 39344

Well, I am a believer that gaps are usually filled. There is a corollory (sp?) rule however that a break away gap by its very nature is not filled, at least not soon. Your great chart of Wheaton indicates what could be a break away gap. Of course, only time will tell. What encourages me is that despite the fact that I agree with you and Value Trader that the market should correct based on what I can see, my gut is telling me that it doesn't want to. It seems everyone expects the correction and there is very healthy skeptisicm based largely on the fact that other breakout attempts have gone down in flames. This market just doesn't seem to want to break, even though when I look at the charts, I think it should correct. If I have learned anything about trading on the technicals it is that the most important technical indicator is price. Divergences, sentiment indicators, even committment information can be wrong but price never is and the HUI keeps banging the higns and doesn't seem to want to quit even with the break in the price of gold and even on days when gold is down. If HUI cracks 160, I am firmly in the bullish camp. Little joe