Swing trading Canadian

[kirby49]

Absolutely. Consider all those long term charts I've showed you from Bigcharts. Most of those plays lasted from 93 to 96/7 and that was a bear market rally. The last real bull market in gold ended in 1981. There is much debate on when it began, but the nearest date would be 1973 and many would say that it went back as far as 1966. Some people are reluctant to call this a bull market yet, notably Claude Cormier and Bob Johnson who you read and technically they are correct and will be until the area around 420/5 becomes solid support. When you consider this run started either in Dec 2000 or Apr 2001 the second bottom of 252 POG then it's already had a multi year run although this last year really has been quite slow since the initial peak in June 02. I have called this area the easy money and if we technically enter the bull above 425 we'll be in the area which I have dubbed the big money. That's when everyone and their brother will be piling in and perhaps a bubble will be formed which mimics the tech bubble of 1998 - 2000. I said some time ago that if we break 375 and it becomes support that there should be enough liquidity and volatility to make some money just above that by trading without the problems we face today of the illiquidity of many of these juniors. Again the big difference to the tech bubble will be that these companies have a long history and those that are used to them will do better than those that are jumping on the train as it's speeding down the track.

All just MVHO of course.