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.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (22963)	4/15/2005 3:59:54 PM
From: sea_urchin	Read Replies (2) \| Respond to of 81310

Phil > Bubbles based on debt seem to be collapsing, and the price of gold going with it. That was always on the cards although POG is still holding up. For how much longer, that only clairvoyants like Sinclair and Russell can tell us. stockcharts.com[l,a]dalaynay[de][pd50,2][ilb14!la12,26,9] Gold shares, however, have been in a technical bear market for the past eighteen months already. This is evident by noting the downward patterns in these charts of the ratios of the US gold indices (XAU, HUI) to the gold price. stockcharts.com[l,a]dalaynay[de][pd50,2][ilb14!la12,26,9] stockcharts.com[l,a]dalaynay[de][pd50,2][ilb14!la12,26,9] It was anyone's guess, however, that these charts could have turned upwards a few days/weeks ago as they could very well have done. That would have confirmed a bullish pattern. Now, having fallen through their lower Bollinger Bands, they appear oversold -- but the "support level" of the consolidation pattern of the last twelve months has been broken. That confirms the bear. > That's the part I didn't expect. Stock Exchange Rule Number One -- Always expect the unexpected. Likewise Stock Exchange Rules Numbers Two and Three. > I will have to go to your old buddy Sinclair's site I guess for some solace and sympathy He may be needing some from you.