Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
equity p/c finally staying up there for the 2nd straight day.
eq p/c 1.13 p/c 1.51 currently
http://www.cboe.com/Data/IntraDayVol.aspx
Options expiration next week. Think Wednesdays move was options related.
<<<<<<<<Date:7/19/2005
GOLDS are looking for EXPLOSION UP soon.
Adding some juniors. AUY DEZ EGO NTO
Note: soon = next 6 months.>>>>>>>>
Nice!
Press Release Source: Yamana Gold Inc.
Yamana Gold Announces the Acquisition of Desert Sun Mining
Wednesday February 22, 12:02 am ET
TORONTO--(BUSINESS WIRE)--Feb. 22, 2006--Yamana Gold Inc. (TSX:YRI - News; AMEX:AUY - News; LSE (AIM):YAU) announces the acquisition of Desert Sun Mining (TSX:DSM - News; AMEX:DEZ - News). A conference call and audio webcast is scheduled for today at 10:00 a.m. E.S.T.
GOLDS SMOKKKKKKKKKKKKKKIN
Still in these 4 from July.
EGO AUY acting the best.
NTO DEZ just ok... BGO another I like.
THE GOLD BULL IS IN FULL THRUST MODE.
XAU is acting great! Nice shake of weak hands.
bass,
I'll say I was surprised to see the commercial net shorts number stay the same. The price action of the XAU this weak was not encouraging either. $Xau price relative to $Gold stalled last week and turned down after stalling at its weekly trendline from Nov '03, Nov '04, Aug '05 tops. With it starting to roll over and the XAU hugging 50dma/200dma/trendline support, it had better pop back up here within the next few days or the uptrend since May fails. With that commercial net short number I fail to see how it can.
I know there are some wave analysis technicians here. If anyone feels like doing an analysis on the current spot gold chart it might be interesting. I'm looking at a 5 year chart of spot gold. It looks like it is about to make around a 50 point move higher shortly.
An analysis on the dollar would help too.
Whats in it for you? Well if I'm seeing it correctly.. as up... some of the miners should follow suit.
Thanx.
<<Don't you think it could be significant that (a) both "tops" coincided with a peak in the Commercial net short position and (b) that the chart also looked "bullish" prior to each of the top failures?>>
I don't see the POG chart as "bullish" both times. Pull up a 5 year chart. The chart looks bearish to me the last time commercials were this net short and extremely bullish this time.
Some wave analysis on it would be interesting. I'll ask another board here and see if anyone might do one on it.
bass,
The 198k number of net shorts also came with a double top in pog, a bearish signal. This time the net shorts number is coming when the pog chart looks bullish to me. Pog has been consolidating between 420 and 440 for 10 months now. Every time it rests for at least that long it seems to run about 50 points higher. I may be k-rrr-azi <g>, but I think thats about to happen, and those shorts may just act as fuel for it.
It will be interesting to see how fast that net position changes, in comparison to how far the spot price drops, by the next report. My guess would be that the shorts get covered faster than the last two dips, and gold is about to slingshot to $480 fairly quickly.
GOLDS
XAU.X bouncing off the bottom of its channel as it usually does when it is in bull mode. March highs around 103 are the next target area.
GOLD stock sale today.
Added GG. Picked up MDG GLG.
basserdan...
I read an article the other day on Asian consumption figures regarding gold jewelry. It's not going down anytime soon.
EGO GOLD DEZ
are a few of my favorite gold stocks moving higher today as expected with the XAU pop. The train is leaving the station.
GOLDS
The XAU has pulled back after breaking out last week. Watch for a bottoming tail today and a close near the days high. 2nd chance entries can be taken with decent reward/risk in individual issues.
GOLDS...
Startin the move up. Longer term. 6 months. GG breakout mode. EGO breakout today. AUY DEZ NTO breakouts close. Not for scalping. XAU breakout coming.
GOLDS
Sure, You'll notice spot gold has pulled back to major support off the 440 June highs, yet the XAU has not pulled back as far this time as the May low. Pull up a XAU monthly chart. Notice the XAU found major support in May and is still in its uptrend. You'll also see it has been consolidating bigger picture for over a year. With the XAU higher during this spot gold pullback, it makes it that much easier to breakout when spot gold rises. Notice the XAU is close to its Nov-July resistance trendline. Also notice the 20 50 and 200 dmas all verging here. The XAU stalled at its 200dma which is not surprising. Its held its 50dma here and looks like over the 95 will lead to a breakout not only over topping resistance, but trendline resistance as well. Hence the start of an EXPLOSIVE move. We'll see.
The main thing to remember is that with a higher spot gold price the gold companies can make much more money ramping up production. Earnings growth. At a 260 spot gold level it didn't make sense for them to produce. It does now. Like any business, the small caps will grow their earnings that much faster.
GOLDS are looking for EXPLOSION UP soon.
Adding some juniors. AUY DEZ EGO NTO
Note: soon = next 6 months.
<<<they could not find someone without such a blemish>>>
Sometimes those with the strongest faith come from "blemished" pasts.
Looks good. Still waiting for the XAU/HUI to lead the metal higher before the bottom is in. Consolidation here a while maybe.
I was stopped AAPL short 43.12
Took AAPL short 42.75 with a stop over 43. Market looks ready for a fall.
Only if it fails to hold this breakout today. Just curious about this max pain/options stuff.
AAPL max pain 37.5 per 04-01 data. A short here near 42.5?
Zeev, Will you add a 5th piece to your DECK or stop out? I stopped out under Thursdays low on Friday.
yes you did...lol
are you serious?
april fools
DECK closed today with two explosive patterns; cooper boomer and an nr7.
New lows NYSE 73
New lows Naz 97
Zeev, You must be close to fully loaded.
Interesting. I started buying golds Thursday.
http://www.investorshub.com/boards/read_msg.asp?message_id=5842756
Gold stocks usually lead spot gold on turns. I'm averaging in a little early. An ideal entry would be to see the stocks gain strength while spot gold drifts a little lower and the dollar higher.
FSAGX, Fidelity Select Gold, has found its 200dma here on the 6th straight down day.
http://stockcharts.com/def/servlet/SC.web?c=FSAGX,uu[l,a]daclyyay[dd][pb50!b200][vc60]&pref=G
XAU.X longer term trendline support intact.
http://stockcharts.com/def/servlet/SC.web?c=$XAU,uu[l,a]waclyyay[df][pb50!b200][vc60]&pref=G
GOLDS... Time to buy some golds here as HUI.X and XAU.X near support. LONG BGO EGO DEZ KGC HMY GSS NG
Gold stocks are still in a bull market longer term.
ZBRA.. long some on this dip under 47
Gotta have a few upsets.
Picks...
SWEET 16
Illinois
Alabama
Arizona
Southern Ill
Washington
G. Tech
Gonzaga
Wake Forest
North Carolina
Villanova
Kansas
U Conn.
Duke
Vermont
Oklahoma
Cincinnati
ELITE 8:
Illinois
Arizona
G. Tech
Gonzaga
North Carolina
U. Conn
Duke
Oklahoma
FINAL FOUR:
Illinois
Gonzaga
U. Conn
Duke
TITLE GAME:
Illinois
U. Conn
WINNER:
Illinois
SMH. Is that a triple top on the daily? tops nov 04, dec 04, feb 05. Rising 50dma into a 200dma just above it. 20day ema support just below the trendline support here. Sure looks bullish.
COH ready to take out trendline resistance here.
long COH. Looks like it wants to break out of a 2 month consolidation area.
STLD near breakout. High base intraday. Nice volume lately.
naz is still holding its uptrend from august. testin it here tho.