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 : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: rubbersoul who wrote (25365)	1/26/2011 10:23:55 PM
From: gold$10k	5 Recommendations Read Replies (5) \| Respond to of 48092

Mark Twain famously said, "History doesn't repeat itself, but it often rhymes." I am looking at (but unable to post) an hourly chart from a situation similar to the present one (a breakout from a 3 week decline) from almost exactly a year ago. If GDX were to follow this script, then 1. tomorrow morning (the day after the breakout rally) GDX would open higher, get stuck near the initial high, and close slightly lower 2. Friday's opening opening rally would fail at that same level and close lower 3. Monday GDX would fall to re-test yesterday's lows 4. Tuesday late the first real rally leg would begin in earnest We'll see if this history "rhymes".