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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (62144)	3/21/2010 1:07:03 PM
From: elmatador	Read Replies (1) \| Respond to of 217553

All the numbers show we are roaring out of the recession....Economy by all accounts lookin great. Unemployment claims this morning down to lowest level since 2000 .Of course that's not what you wanna hear so I know you'll put your spin on it. pezz 31/12/2003 Maek Wojna was saying the going out of recession was faked. Well, this time around there was no way to fake it.

To: Canuck Dave who wrote (62144)	3/22/2010 4:28:36 PM
From: TobagoJack	3 Recommendations Respond to of 217553

master physical gold trader noted, and i quote "(i) any leverage position is a sell.....someone clearly (in NY time) is hitting very violently....the seller has hit everytime over the past 8-10 days just after nyse open, which means it is a GLD/paper selling coming in.... (ii) euro could also break the 1.3450 level, which then could swiftly fall to 1.30.... (iii) 1093 ! time to mineralize." master gold mining share trader noted, and i again quote, "a few things worth noting here (via Bob Hoye): in March, the gold market very often produces turns (70% of them are highs, but the remainder lows). the lows follow a certain procedure: first, prices fail to break over whatever high was made in the first five trading days. then an initial low is established around the 10th trading day, and is retested within the next 5 - 7 trading days. if then, after this retest, a rally develops that takes out the high of the first five trading days, we have a 'march turning point low' that tends to produce rallies lasting 9 to 11 weeks, and producing a minimum return of 14%. examples of March lows that developed in this manner: 1985, 1987, 1993, 2002, 2006. - 2010?? (note that 2010 is right AT the decision point, since the 'initial low' was at the 1097 level in spot, and today we are trading slightly below it). then, via J. Kern: the SKI system (a quantitative trading system for the gold fund USERX) is on a buy signal since last week that would be invalidated if prices were to decline this week. iow, it is at the same kind of decision point as the metal itself - a rally needs to develop immediately to validate the signal. should the signal be validated thusly, it would have a very high expected return (presumably magnifying moves in bullion). the risk of a failed signal developing is however great imo, due to the stock market's extremely overbought status (gold stocks have tended to correlate positively with stocks for one year running now, and are unlikely to rise should the SPX fall). in short this week is likely to generate a good tradable set-up, the direction of which will reveal itself shortly. if the buy set-up fails, then i would expect a decline in gold stocks to the 'normal' seasonal turn in May/June, where the next buying opportunity would likely present itself."