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


To: dara who wrote (167941)7/4/2009 1:06:15 PM
From: Canuck Dave  Respond to of 312967
 
Grim stuff I'm afraid. Time to pull up your shorts, LOL.

Gold will be a last man standing, but the path from "A" to "B" is pretty obscure.

CD



To: dara who wrote (167941)7/4/2009 10:45:51 PM
From: Canuck Dave  Read Replies (2) | Respond to of 312967
 
Finally got around to looking at some charts in detail.

Man, it's still devastation city and deadsville (as if we needed my confirmation). Most promising charts of my old stuff are CEE, OSK, and ORM.

Since I already have ORM, would have to pick OSK. It's trading at a 2 1/2 year high (the time frame I elected to use). Nice looking chart. Most of the majors are just drifting along and it really does look like gold will need to consolidate for another two months before we find out if it's a continuation of the bull or a reversal pattern.

Russell says to wait until we get a close above $1004...

CD