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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: jrhana who wrote (13545)	5/2/2008 7:20:10 AM
From: jrhana	Read Replies (3) \| Respond to of 29622

Incidentally while I am passing the time watching gold go down when it's supposed to be rising, I am more convinced than ever that technical analysis is good for only one thing: It is great for describing what happened in the past. To predict the future it is useless. A little common sense and a lot of blind luck is worth more than anybody's technical analysis. IMO

To: jrhana who wrote (13545)	5/2/2008 9:15:53 PM
From: rubbersoul	Respond to of 29622

<Well if those sisters have a clue, we could have more down to come> Uhh... I thought you said that TA is nothing more than an afterthought. Yet you base your opinion on their TA analysis? "The gold price fell clearly below the April low this week and gold (basis June) is weak below $925. The weakness (D decline) could last into the summer months and in a worst case, the 65-week moving average could be tested (see Webextra). Silver is similar. It's weak below $17.80 (basis May)." Hmmmm ;O)

To: jrhana who wrote (13545)	5/9/2008 6:19:06 PM
From: rubbersoul	Read Replies (1) \| Respond to of 29622

<And does anyone else have an indicator that works 100% of the time?> My first response to your post was that posts like yours indicated a short term bottom. I wish I was brash enough to have kept it. Dissing threadsters here and putting down TA while basing your views that gold will go down further on the Aden sisters' TA seemed to me a sort of capitulation or confusion? HGU bottomed once the market opened after your post and is currently up +10%: finance.yahoo.com