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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (610)	9/13/2005 9:18:05 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 50601

Slide Good chart. Nothing I disagree with but... Short term the dollar down trend has formed a channel. A weekly close and confirmation in the next 3-5 days up to 89 on the buck would be very bearish for gold. I do have some PMs that are more in tune with copper, moly, etc.(nxg, tgb[breaking out?], nto). MNG is a long term position that I will continue to add to on dips. I have a very minor longer call & leap positions in AEM & PDG. All in all less than 20% of the portfolio. This week should unleash some fireworks one way or the other. I await the retreat or breakthrough of the downtrend dollar channel.

To: SliderOnTheBlack who wrote (610)	9/14/2005 11:56:32 AM
From: hubris33	Respond to of 50601

At the risk of being issued a free set of golden pompoms, I offer this....<ggg> In regard to the FIRST chart posted, stockcharts.com[d,a]daclynay[d20040913,20050913][pb50!b200!d20,2!f][iut!uj[$gold]!lb14!lp14,3,3!ll14!lk14][J58824301,Y]&listNum=2 I have a question. Why is the peak from mid-August, at 219.34, discounted? From this chair it looks like the series of declining peaks is as you have shown, #1 at 248.18, #2 at 227.18, but why isn't #3 at 219.34? What am I missing? If one uses #1, #2 and the 'other" #3 [let's call it #3A] then the latest peak (#3 on the chart) is a higher high. Also I see a series of lower lows rising off of the BIG low of 165.71. This would be the classical definition of an up trend, no? Next, how about constructing a trend line across the 3 peaks (#1, #2 & #3A. Isn't it "normal" to see a ralley pull back to a former down trendline and that trendline act as support? How should one interpret the "seasonal" charts? 321gold.com Slider, I appreciate your views, but I am struggling with the TA interpretation. Now I realize there may be flaws in my approach, so I am interested in learning where my logic fails and will appreciate your kind reply. H3