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.

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

To: gold$10k who wrote (13819)	6/5/2008 6:26:21 PM
From: jimsioi	Respond to of 29622

Silver Wheaton up against downtrend line....AGAIN stockcharts.com Note the positive divergence between price on the hourly and the A/D line. Silver powered higher while GOLD was contained. Silver maybe reflecting upside moves in the corn and bean market due to poor planting weather. While gold and the associated miners maybe scratching out a bottom here it still doesn't seem to be the group in which for me to be making a major bet. There just seems to be so much of an attempt to manipulate Gold and talk up the dollar that long side players are elsewhere. Where else to go for higher returns: Something as simple as the Coal ETF stockcharts.com Something as steadily rising as the Natural Gas ETF stockcharts.com And the miners and metals ETF, XME, which made a new all time high close today.... stockcharts.com GOLD is going to need the dollar to resume a strong downtrend. The USD gernade today might be a sign that bears in the futures and cash markets took the opportunity of this talk up rally to unlaod...but I suspect the employment number tomorrow will be spun as a positive that supports the dollar, general equities, and high demand resource plays....The demand in this season and environment for Gold is questionable in my opinion.... Took some profits in solar play Timminco, today as it reached into overbought territory.... stockcharts.com

To: gold$10k who wrote (13819)	6/5/2008 8:46:00 PM
From: TheSlowLane	Read Replies (2) \| Respond to of 29622

Help is on the way. Clive says: Gold is now in position to begin its next major uptrend, and in relation to where this uptrend is going to take it, it is considered to be at a very good price right now. According to the “Summer doldrums” crowd who are obsessed with seasonal factors, gold has to wait until August to go up, because everyone is preoccupied with Summer holidays, making the most of the good weather, pursuing pretty girls and looking after unruly kids released from the confines of school etc etc. Oh - is that so? - try telling that to Wall St traders who thought they were safe on the beaches of Long Island with their huge picnic hampers last August. So let’s get this straight - we no longer live in normal times and the markets are not going to wait on the convenience of people whose minds are not on their work. So if you are planning on strolling down to the station in August to find the train waiting for you, you may find that it left long ago without you. kitco.com