SI
SI
discoversearch

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.
Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: jrhana who wrote (6849)5/13/2004 6:56:46 AM
From: Square_Dealings  Respond to of 60910
 
I dont think its taken out last Friday's low. Looking like a potential double bottom if that can hold.

I had 368 as a target from the head and shoulders on the daily chart. You win the grand prize if you can explain how the dollar goes up on yesterday's trade defict numbers.

M



To: jrhana who wrote (6849)5/13/2004 9:09:47 AM
From: paul ross  Read Replies (2) | Respond to of 60910
 
PPI up .7% and there can be little doubt inflation is rearing its ugly head. But its time to be going long the dollar 'cause the FED will be raising interest rates which will make the dollar more attrative to foreign investors. A strong dollar is bad for gold. So inflation end result is bad for gold.

This is what FED would like us to believe so I'm counting on them to be sellin'gold real hard around 10 am. About .7's worth. JMHO.



To: jrhana who wrote (6849)5/13/2004 8:26:56 PM
From: nspolar  Respond to of 60910
 
Doesn't look like it to me, nor did it make a new low on the futs.

I think you need to be open minded and look for divergences here. If you don't you may miss a good bottom.

If my dollar prognosis is correct it is about to get shithammered hard. There are fundamental reasons imo for that to occur as well. More on that later ..... some comments from my Europe trip coming up.