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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (802)8/5/2003 11:33:21 PM
From: Wade  Respond to of 48092
 
Now, let's take a look at all of the markets.

1. SPY, QQQ and DIA all under 50 DMA.
2. All of the bond and treasury yields are above 50 DMA
3. XAU stayed above 50 DMA and moving upward
4. US Dollar index is approaching 50 DMA
5. Dow Jones Utilities average is under 50 DMA
6. NYSE financial index is under 50 DMA

All of these signs are very bad news for the stock markets. However, these are bullish signs for POG. Stay tuned sports fans.
Good luck.

Regards,
Wade



To: Wade who wrote (802)8/6/2003 6:38:38 AM
From: Louis V. Lambrecht  Read Replies (1) | Respond to of 48092
 
Wade, foist a warning re: my posting on the 10-YR note.
(I always reserve the right to change opinion on a dime <g>).
Day chart: today is important. We have a bearish engulfing pattern on the candles, but when this happens in a downtrend, this can be the last bearish candle before a reversal. Confirmation of a reversal would be that today would close above yesterday's close.
So far, technical rebound on cue.
Not the slightest idea as to where this week would close.
lvlamb.itgo.com
Weekly bars on the 10-YR showing the long term fork.
lvlamb.itgo.com

Re: Dollar index: I am disagreeing with Claude for a while (and agreeing with you, 200 DMA is mighty far away <g>) but as Gen. Patton once said: If everyone agrees, then obviously someone must not been thinking.
lvlamb.itgo.com
IMHO, confirmation of the downtrend once the 50 DMA has been broken.
The 100DMA never was my favorite MA, I also mainly use the 50 and 200 pair. But I noticed lately on the financials and currencies that the trades mostly happen at the 100 DMA than the 200.
BWTHDIK