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


To: A Horse With No Name who wrote (13687)7/9/2003 3:52:45 PM
From: gold$10k  Respond to of 39344
 
bengali,

I am just reporting what I see in the charts. It seems to work better in the shorter term if I don't color the situation with my opinions. Why is XAU already looking like it's forming a triangle when HUI has further downside before it could give that appearance? There are many questions like this. I don't know the answers and it's usually not important to figure it out. My only hope is that the market gives me a decent signal at a point that also provides me with more low risk entries.

BTW, I'm up to 62% metals... all buying still on the Canadian side... AGI-V, TNK-T, and RMX-T today at or near their lows.

vt



To: A Horse With No Name who wrote (13687)7/9/2003 4:36:17 PM
From: gold$10k  Read Replies (3) | Respond to of 39344
 
bengal,

If you re-read Kenny Adams, he says, "I EXPECT GOLD TO VERIFY (OR FAIL) TO VERIFY A DOWNSIDE EXHAUSTION AND REVERSAL TODAY.", i.e. he doesn't know yet and neither do I.

vt



To: A Horse With No Name who wrote (13687)7/9/2003 6:49:52 PM
From: Cogito Ergo Sum  Read Replies (1) | Respond to of 39344
 
HI bengali,
I'm just playing the QQQ for a scalp, fun and excitement and well maybe I don't get out enough.
30% energy (20% trusts) rest is swing trade.
25% metal.
35% cash
balance is misc. QQQ and whatnot...

Did you really trade all your gold in for QQQ ? I just went through a very short period of NO PMs and just didn't feel good with no insurance. That last pop scared the poop out of me ;o)
good luck
regards
Kastel

EDIT. On the 'bottom' how long will it be 'in' before it is recognized ? It's always the same. Those who guess right always have to wait like the rest of us and then claim their victory in hindsight... We may see 330... I dunno. But last week seemed like a good time to start again..