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: loantech who wrote (14789)	9/9/2008 12:49:14 PM
From: gold$10k	Read Replies (2) \| Respond to of 29622

Hi Tom, I have no idea how or when a bottom will be made... maybe today, maybe next week, or whenever. IMO the current action defies all justification in either fundamental or technical terms. Those in control will do what they wish, at least in the short term. This reminds me of Oct/Nov 2000. vt

To: loantech who wrote (14789)	9/9/2008 5:12:13 PM
From: gold$10k	Read Replies (1) \| Respond to of 29622

Furthermore and FWIW, I see a number of potentially positive secondary indicators 1. HUI and GDX price now half of their March highs 2. New all-time high GDX volume today 3. New all-time low XAU/GOLD ratio today, indicating an all-time sentiment low. 4. An intensified feeling of panic with an increasing number of juniors selling for near or less than their cash on hand, i.e. valuing their substantial in-ground assets at zero 5. After rising for 8 straight weeks, the dollar appears to be stalling just below previous major-support-turned-resistance at 80 and its daily chart has made 3 bearish dojis in the last 5 trading days. OTOH, price action in all things gold still stinks and cheap can always get cheaper regardless of all logic and reason.