Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (93591)	9/28/2007 7:49:05 PM
From: koan	Read Replies (1) \| Respond to of 313113

Just finishing up my 06 taxes. EPM wts this year could be our SLW wts of last year. My largest winnner by far.

To: Canuck Dave who wrote (93591)	9/28/2007 9:13:49 PM
From: Louis V. Lambrecht	Read Replies (1) \| Respond to of 313113

CoTs, yeah! Missed my last call, hence twice shy! <g> Rem: my observation tell me both silver and gold have to be in the same configuration for my rally/correction to be valid. Last time, I "expected" silver to resume it's trend (which it did not). So, this week's: Gold total OI: very high in the standard error band, bullish. Been there since the Sep 14th report. Caution: at the high of the band, it could reverse it's course. OTOH, it can stay at the upper part of the band for months: 10 months is not un-common. Total OI is all time high. Individual contracts: the Dec futes do their usual bullish spike. Commercial net shorts: in the above band, one week earlier then the total OI. Summary, gold is in a bullish configuration. Silver should confirm. It does not yet. Total OI: has rebounded from the low, but needs to stay above 131K contracts to be in bull mode, this is 15K contracts more then yesterday. Individual contracts: Dec futes also do their bullish spike. Commercial net shorts: does not indicate much speculation. To be bullish, these should be -47K (shorts) vs. actual -28K Summary: gold total OI must remain above 400K, commercial shorts 133K and silver should show 131K total OI and 47K comm shorts for me to call a rally mode. Meanwhile, CoTs analysis is more positive then neutral. Caution: silver in danger of building a right shoulder on long-term charts. Visible on 5yr charts. To close on a positive note: gold in Euro is very bullish. To not close too positively: revenues of miners is the result of sales in US Dollars, while exploitation costs are paid in foreign currencies. Stay away from US companies? South-Africa again? The Rand is currently gaining above the Euro. Disclosure: I am 100% in Canadian companies. Aqaiting a wild ride to last till mid-Dec. But, have been wrong before, signing HJKL <g>