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


To: SliderOnTheBlack who wrote (5730)8/2/2007 5:51:54 AM
From: wsw1  Respond to of 50709
 
slider,

your reference to the "enemy's mistakes"...

you have stated that the enemy is Goldman Sachs / PPT...

so what is the mistake that Goldman / PPT is making?

and how does one know when it's time to exploit the mistake?

from your veiled references, it sounds like you are a closet bull on gold, but at least short-term bearish....your view is that gold will get whacked even while the dollar drops (a double whammy to the gold bugs) and stock markets rally, at least for the time being (barring a derivatives blow-up)...i guess that is what you mean by the "mistake"...a mistake can't go on forever without being corrected...so, at some point in the future, when all hope seems lost in the gold sector, that will be the time to be a crazy bull again...

am i far off the mark here?

on another note, you have referenced the HUI trading range chart on numerous occasions...you have indicated that there is a reason why it has acted as so...you have also mentioned the word accumulation before while talking about this chart...you have recently mentioned to stick with the trend even as it pierces through the trend line...the trend line on the HUI is the base of that rectangle at around 310-320...so, your advice appears to be one of accumulation of gold shares as we approach 310-320, but buying lightly and preparing for a move even down as far as 270 again...hence, let the enemy make his mistake by forcing gold and gold shares to drop as far as they will go and buy all that is coughed up from the depressed gold-bugs who don't anticipate this move...

savvy...