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To: gold$10k who wrote (14981)9/17/2008 3:09:20 PM
From: Jim McMannis  Respond to of 29622
 
A third impulse could take the XAU to 151 or more. We'll see.



To: gold$10k who wrote (14981)9/17/2008 3:18:31 PM
From: ItsAllCyclical  Respond to of 29622
 
Volume is still very much lacking in the juniors, but I did dip my toes in today. I think right now most are waiting to see how much of this is panic buying vs funds coming in for the long haul. I'm surprised volume isn't higher in the juniors, but given the potential for a market meltdown most are still looking to stay liquid.

Another $50 up in POG will really change things in junior land is my guess. If the volume still doesn't come in then it might cause me to think a little different about this rally. Right now this looks like the real deal.



To: gold$10k who wrote (14981)9/22/2008 1:56:39 PM
From: Jim McMannis1 Recommendation  Respond to of 29622
 
The XAU is cruising now. We are approaching my 151+ target for the 3rd wave off the bottom as thought. Steady as she goes.

Message 24960353

Even approaching the 159-160 level which is a 50% retracement of the whole move down in the XAU so I expect some resistance.

New couple of days will be crucial as to whether to go to the sideline.

Nice 41 point rise in the XAU so far.

Good luck to everyone.