InvestorsHub Logo
Followers 1083
Posts 113587
Boards Moderated 53
Alias Born 11/22/2003

Re: rjbluesky post# 75

Monday, 09/14/2009 3:55:14 PM

Monday, September 14, 2009 3:55:14 PM

Post# of 128
Gold moved up 1.19% for the past week but more importantly
closed the week off above the $1,000 level for the first
weekly close above that mark, EVER!!

We are on the cusp of the breakout move up several hundred dollars higher.

The weekly RSI is in great shape as well as the weekly long-term moving averages.
MACD is just giving the buy signal

It's very exciting watching this market now.
The biggest shock came after the market closed on Friday
and the access market opened.
Too many times before this limited access market has seen
the price moved lower, but not this time.

The Commitment of Traders report is cut off on Tuesday
and not reported until Friday so this incredibly huge
increase in short occurred from Sept. 1 to Sept. 8.
As gold moved from $950 to $1,005 in only a few days.

The commercial group is the only reporting group who is short
gold, and very short.
If they are forced to, or decide to cover this move higher
will be swift and massive, possibly moving
the price over $1,400 for a period smile
--

Conquest Resources Ltd. '

no its still an Ausome bargain

dd....
Presentation by John F. Kearney, Conquest's Chairman on "InvestmentPitch.com"....

http://www.investmentpitch.com/media/514/Conquest_Resources_Ltd.__TSXV_CQR/

WHY RED LAKE GOLD BELT?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41185478
imo. tia.
God Bless


Join InvestorsHub

Join the InvestorsHub Community

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.