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


To: Andrew who wrote (21691)10/4/2003 11:08:30 AM
From: gold$10k  Read Replies (1) | Respond to of 39344
 
Andrew,

<<Though this doesn't mean the equities aren't going to move down.

By the way my 365 target got hit to the dollar and on Schedule.>>

Congrats on an excellent call. I couldn't agree more. I plan to continue a slow accumulation over the next 4 to 6 weeks.

Regards,

vt



To: Andrew who wrote (21691)10/4/2003 12:19:57 PM
From: Little Joe  Read Replies (1) | Respond to of 39344
 
"Usually bottoms are more volatile as you will note on a chart of the VIX."

Not sure that chart proves your point. I am not even sure what it measures.

As for the move down in gold not lasting. First: my analysis is limited to HUI, Second: I said it was a short term analysis, ergo the charts are not saying at this time that the down move will last long. This could change as the situation develops. My best guess is that we will see some recovery on Monday, but we will still see lower prices before the gold stock market reverses upward.

Little joe



To: Andrew who wrote (21691)10/4/2003 1:47:19 PM
From: Canuck Dave  Read Replies (1) | Respond to of 39344
 
Actually, absolute bottoms often go unnoticed.

Bull market corrections and recoveries are often faster. I'm ready to hit the "Buy" button Monday, LOL.

CD