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4Godnw - Thanks for the chart. I feel were getting close to a low and I'm looking to put some money back into PM's. We could see PM stocks moving up in the not to distant future before Gold makes a significant low.
FCX, ABX, ASA, & DROOY - Anyone have any target entry prices for these stocks during this sell-off? What level are you looking for support in GOLD?
Thanks for your interpretation of the charts. milo
tocotuga, what are the odds that we will bounce off the yellow line of support and start trending higher?
What is the best FREE and reliable registry cleaner available on the Internet?
Claud's Chart Page, anyone have any idea why it hasn't been updated this week?
What in the world is happening at Claud's Chart Page? It hasn't been updated this week. Anyone have a clue?
Very well said!
GOLD: With gold hitting new highs today, there seems to be some obvious divergence amongst many gold stocks, such as FCX, ABX, DROOY, & ASA, not establishing new highs in line with the metal.
Is this divergence predicting that these stocks have seen their highs and a major correction is underway? I invite opinions from the board on this subject matter. Your input would be greatly appreciated.
FCX - Is the run over? Or are there further gains ahead after some short-term consolidation?
Any opinions would certainly be appreciated.
I would like to thank BullNBear 52, Bruce A. Thompson, and gottfried for your help concerning the purchase of a new computer in my post dated, April 13, 2006.
Thanks again,
Milo Lewis
Gold: Claud's page chart is predicting a current top in Gold in the 621/632 range. Does this agree with any short-term predictions by members of this board? Just curious...
Fixing to move up to DSL broadband and wondering what new computer requirements I should consider when upgrading to a new computer. I currently use a Pentium II computer exclusively to trade stocks using online broker BrownCo, via dial-up. BrownCo has been bought out by E-Trade so I will be switching to their trading platform in May.
I would appreciate any advice on a new computer purchase the board has to offer.
Thanks...
ASF - Does anyone think Administaff @ 48 times earnings has run way ahead of itself in its stock price. Is ASF possibly a very good short candidate at this juncture?
FCX - Does anyone think a double top is possible in the 64/66 price range within the next few trading days?
FCX - Does anyone think a double top is possible in the 64/66 price range within the next few trading days?
BLDP - Is this run for real? Anybody have in price targets in mind?
FCX - Anyone purchasing or adding to positions at the current level?
Anyone taking positions in AU, FCX, or ABX in today's sell-off in Gold?
The Stones are going to have to face reality sooner or later; they are over the hill. I agree, the Stones are embarrassing and a pain to watch and endure.
4godnwn, thanks for your insight, it's been a great help.
FCX - Anyone have any target prices for Freeport or where true resistance will come into play?
JNPR - Anyone have any ideas of where Juniper might be heading?
JNPR - is it within buying range or should you stay away form it because it is in a downtrend?
FCX - does anyone think we are at an immediate term top in the 54/56 area or should one hold for higher prices in the short term?
What stocks if any will be taken out of the NASDAQ 100 when GOOG and others take their place?
CAO - What in the charts makes you so bullish long term on CSK Automotive?
24 Hour Gold: $505.80 +2.90
24 Hour GOLD: $501.30
US$ set to drop to record level against euro
By WES GOODMAN in Singapore
November 25 2005
THE US dollar will fall to a record US$1.38 against the euro by the end of 2006 as growth in the US slows, according to Citigroup Inc’s global markets group.
The US currency will decline to US$1.34 by the middle of the year, Citigroup said in a report to clients on Wednesday. The US dollar will weaken to 110 yen by June 30 and reach 98 yen by the end of 2006, it said.
“As economic activities in Europe and Japan pick up, and monetary policy begins to tighten, the US dollar will tend to depreciate. The turnaround could be sharp,” the report said.
It was written by a team led by chief economist Lewis Alexander in New York, entitled A Year of Transitions.
The US currency advanced 15 per cent versus the euro in 2005 and almost 16 per
cent against the yen, buoyed by rising US interest rates. The Federal Reserve Board (Fed) has boosted rates seven times this year to a four-year high while counterparts in Japan and Europe have held rates.
The US currency fell to US$1.3666 versus the euro on December 30 2004, the weakest since the single European currency was introduced in 1999.
US economic growth will slow to 3.3 per cent next year from 3.6 per cent that Citigroup forecasts for 2005, the report said. Slowing growth in the world’s largest economy and a pick-up in Europe may decrease demand for US dollars.
“We expect the US dollar to weaken quite significantly in the first quarter.
“We expect to see some softening of US growth. We expect slow but continued improvement in Japan and the euro area,” said Yiping Huang, chief economist for Asia at Citigroup’s Hong Kong office in an interview yesterday.
The Fed will increase its target for overnight loans between banks to 4.5 per
cent by the end of the first quarter from 4 per cent now. It will bring the rate down to 4.25 per cent by the end of 2006, the release said.
The European Central Bank will raise its key rate to 2.25 per cent by the end of 2005 and to 2.5 per cent by the middle of 2006. It is at 2 per cent now. — Bloomberg
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China Copper Trader Missing
Word of Big Short Position Has Metals Dealers Asking If State Can Deliver on Time
By ANDREW HOTTER
DOW JONES NEWSWIRES
November 14, 2005; Page C8
LONDON – A Chinese government copper trader, who is said to have built a big short position on the London Metal Exchange, has inexplicably ended contact with other dealers in both London and in China, people who have worked with the trader said ...
ABX - With today's sell-off is now the time to accumulate for a six to twelve month time horizon?
FA...thanks for the advice on FCX, I think I will wait and see what happens on the next quarterly earnings report before I make any buy decisions.
FA...Looking to establish a position in FCX on a pullback @ 44/45...what do you think?
Spot Gold: $450.60
I can also remember paying 17.9 to 19.9 cents per gallon for cheaper grade gasoline in the 1967/68 time period in Dallas. You could also get a free Libby tumbler glass for a fill-up and at other gas stations, trading stamps. I had also just started driving at 16 years of age and had a brand new 1967 Camaro which took forever to pay for.
Thanks and appreciation for your prudent comments and advice on the bull/bear case in relation to JNPR. Enjoy and learn from your board immensely.
JNPR, can anyone build a logical Bear case at the current price level?
Does anybody see (BLDP) Ballard breaking out into a new uptrend in the foreseeable future based on recent price action?
The blood is starting to run in the streets in relation to GOLD stocks, so now is the time to start accumulating.