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.
Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: koan who wrote (9111)4/15/2006 12:13:09 PM
From: LLCF  Respond to of 78421
 
<Virtually all traders would say a huge correction is in store.>

The gold stocks seem to be portending something less than an explosion as well... OTOH, the way gold has just hung around here and keeps working off it's "overboughtness" is impressive.

dAK



To: koan who wrote (9111)4/15/2006 12:13:22 PM
From: SwampDogg  Respond to of 78421
 
Commercials were short copper big at $2.20 as well.
Ouch



To: koan who wrote (9111)4/15/2006 12:52:21 PM
From: Davy Crockett  Read Replies (2) | Respond to of 78421
 
regarding Silver...

on the daily & weekly charts, Silver rise has been parabolic the last 3 months. It is trading far beyond its 50 day sma, where in the past it has corrected to & provides support.

The ADX is currently @ 54 & still projecting upwards. That rise is unsustainable, at some point in the near future it will correct...

The $60,000 dollar question is when, not if will Silver correct.

All FWIW only,

BWTHDIK

edit: GOLD looks tired here. Negative divergence between MACd & rising prices & MACd appears to be rolling over