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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?


To: bigbuk who wrote (62289)8/16/2003 6:58:43 AM
From: Andrew  Read Replies (4) | Respond to of 62347
 
GOLD. next stop 385

Technical analysis is very if this then that. My take on the next year or so.

1 - a decisive break out of this triangle takes gold to 385 - 390 in the next few weeks/month

2 - gold then comes back to 365ish area and gets support on lower trend line

3 - next move up pushes gold to the decade plus resistance at 420

4 - a quick retrace to 385 - 390

5 - price turns upward once again and smashes 420 with a move similar to the break through 330

Target 450 - 500

BUY GOLD SHARES ON ANY WEAKNESS

I could be wrong depends on whether gold breaks downward out of triangle. WTFDIK?

Since this thread is no longer active I suppose I can rant here. I know many still read the posts.

I may post a short analysis of some gold stocks shortly with an emphasis on quality and leverage to gold price.

Bigbuk, who was touting NSU at .13?

mips1.net

NSU #1 year on year over 100M market cap.