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

To: loantech who wrote (22901)10/16/2006 6:59:45 PM
From: TheSlowLane  Read Replies (2) | Respond to of 78419
 
It does appear that we need to at least get over $600 to break out of this triangle. 50ema is at 598.76, 100ema is at 604.12. Downtrend line looks to be at about 608, give or take. The higher lows on RSI are encouraging. MACD looks like it wants to turn, but not definitive yet:



Here is the weekly chart. Again, RSI and MACD look good, but cannot rule out another rider-tossing bull move here. All in all though, looks healthy...




To: loantech who wrote (22901)10/17/2006 10:29:31 AM
From: Rarebird  Read Replies (2) | Respond to of 78419
 
Gold is in a primary Bull Market so there is no rush for me to buy here. I can well afford to wait for confirmation of a new intermediate term uptrend. I would need to see the POG in USD trade above $610 an ounce for a good week before I would even consider buying GLD.

There are numerous opportunities to profit in regard to these markets. I see no reason to fixate my attention on just one sector.


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