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 : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (1)	8/16/2003 11:36:41 PM
From: Little Joe	Read Replies (2) \| Respond to of 29622

vt: It is interesting to me to see that your approach is much different than mine and yet we both are able to make money. My view would be not to buy Drooy until the breakout feeling that I would rather catch the momentum of the market rather than have my money tied up waiting for the breakout. Of course, your technique, at least arguably, entails less risk and more profit per trade. My technique is probably more risky and involves less profit per trade. The advantage is that your money is not tied up for long periods in a stock that is not moving. I suspect though that it is our personalities that dictate our trading approach. One of the great benefits of the threads is to learn how other people approach the market and benefit from their wisdom. Maybe I will buy some Sultan Minerals at the lows and it call it a value trader trade. But I might go crazy thinking about my capital being tied up, while other mo-mo stocks are moving. Sometimes I am too damned impatient. Little joe

To: gold$10k who wrote (1)	8/17/2003 4:59:35 AM
From: Andrew	Read Replies (1) \| Respond to of 29622

Hello Valutrader, ANO.U, nice looking chart. Weekly MACD crossing up and breaking above trendline, looks at least capable of testing 1.30 from here. Thanks, I have added it to my watchlist. DROOY looks like someone forgot to invite that one to the party. I sometimes dont follow the SA golds enough. I agree with you on your trading criteria. I also have a short list of "approved" gold stocks which I then trade on technicals. Depending on the situation I can be very patient and hold for a long while once on board. I still have a few NSU from .14 but that puchase wasn't based on technicals. I'm looking for $6 before selling half of what I have left. It appears to have broken through some overhang in the $4 area. Others I'm holding now are AZS BGO G PDG and RNG. I sold Kinross the other day so I have a bit of cash to reallocate. Here is a chart of gold, I know everyone has seen it. I haven't figured out how to draw the trendlines on stockcharts.com yet but I'm sure every goldbug counts that chart jumping over a fence instead of sheep while falling asleep <g> stockcharts.com[h,a]wacayyay[pb40!d20,2][vc60][ila12,26,9!lh14,3] Weekly MACD crossing up, price appears to be breaking above trendline. 40 week MA giving great support. Well have to see if the bulls can push it firmly above and force shorts to cover causing a powerful rally.

To: gold$10k who wrote (1)	8/18/2003 6:21:18 PM
From: The Vet	Read Replies (1) \| Respond to of 29622

DROOY - You might like to consider this news.... JOHANNESBURG – Marginal miner Durban Roodepoort Deep (DRD) has surprised the market with an average wage increase for its workers, in excess of that paid by its South African rivals earlier this month. The offer is generous, but raises serious questions over the sustainability of DRD’s operations, the best of which are running on paper-thin margins, while the worst-off are deep in the red. mips1.net