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


To: Davy Crockett who wrote (9117)4/15/2006 1:18:58 PM
From: Claude Cormier  Read Replies (3) | Respond to of 78419
 
Stuff can remain overbought for years. Although we have to be prepared for some sort of correction, it would be foolish to act as if it was coming tomorrow.

We can go to gold $850 and silver $25 before we see that inevitable correction..or it could start next week.

Nobody can tell.



To: Davy Crockett who wrote (9117)4/20/2006 7:10:16 PM
From: Davy Crockett  Read Replies (1) | Respond to of 78419
 
at risk of blowing my own horn... once in a while I'm right, post from 5 days ago...

Message 22359658
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