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

To: rubbersoul who wrote (25569)	2/1/2011 12:08:52 AM
From: Eva	Respond to of 48092

I can see bullish falling wedge pattern, yes :)

To: rubbersoul who wrote (25569)	2/1/2011 7:09:44 AM
From: Wade	Respond to of 48092

This is from Sinclair: jsmineset.com Occam’s Razor and the Gold Price Posted: Feb 01 2011 By: Jim Sinclair Post Edited: February 1, 2011 at 12:33 am Using William of Ockham’s method for analysis of the gold price reaction, the following has occurred. 1. $1400 was an embarrassment to the thesis of "Inflation under control." 2. Gold bank hard price blocking drew a top formation but one that will NOT put a long term top on gold. 3. A crazy hedge fund kid got caught in an underfunded spread. 4. The crazy kid got it backwards either on the spread itself or by using is as a trading position. 5. The liquidation of the spread put more longs into the market than shorts covered. 6. The formation created by the $1400 block broke down as product of the spread trader’s failures. 7. Algos tripped off the selling and now are trading gold from the bear side. Algos have no intellect; they are mathematic soul-less driven machines. Occam’s Razor applied to #1 through #7 summates that the entire gold situation can be addressed as "Technical Damage Requires Technical Repair” before it is off to the races again.