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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (25930)	9/11/2011 5:56:22 PM
From: ItsAllCyclical	Respond to of 29622

I echo his sentiments in the ST, but feel he's overreaching IT wise. PAGE (Pan Asian exchange), seasonality, dividends, relative performance, relative valuations - these are all significant and they are all different from 2008 decline. Rather than a double top (which was orchestrated vs natural), I see a bull flag forming above 1700 range. It may go lower, but again I feel this is similar to correction from 30 silver. Weekly gold has yet to really go parabolic. ST though there's little reason to be too heavily exposed. The correction thus far is a welcome sight. Would love to see a range bound gold from 1700-1900 for a few months before busting higher.

To: gold$10k who wrote (25930)	9/11/2011 11:03:14 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 29622

Nice article by Clive on the USD... Been watching UUP all summer long waiting for this event. With no QE3 out there, and short term yields expected to rise with "Operation Twist", the USD is way too oversold. We devalued the USD, IMO, to save the Euro from utter collapse. It's pretty clear that was a stop gape measure that is doomed to fail as we see the unraveling of the EU dream. Hawk

To: gold$10k who wrote (25930)	9/12/2011 5:56:25 AM
From: TheSlowLane	Respond to of 29622

I'm still waiting for his "major buying opportunity" that was supposed to happen in July! Maybe this time is different... I believe that the corrective phase in commodities is likely to take the form of a 3-wave zigzag. Gold and silver, and copper too, look to be shaping up for a tradable short-term relief rally soon, which will be driven by bargain hunting combined with oversold technicals. This should be followed by a more sedate decline than that of early May to a lower low than that which occurred about a week ago, which may see silver drop as low as $28, with seasonal factors suggesting that this low may occur about late July, give or take a few weeks. I believe such a low will present a major buying opportunity. mining.com