AI
Friday, June 03, 2005 11:25:53 PM
*** GPXM ***
Breaking above weekly trendlines here. Was surprised by today's move, now I know the reason why. Volume was rather light considering the tone of the article, but sellers were also absent.
==============================================================
Hi IAC,
Fwiw, I prolly visited 321Gold 30 times today to get a read on the actual HUI and XAU numbers as the one day charts of those indexes were, and still are, showing Wednesday's patterns.
To illustrate what I'm trying to say, this is the current HUI 1 day chart from the 321Gold site:
Index Value: 190.47
Trade Time: 4:36PM ET
Change: 1.54 (0.82%)
Prev Close: 188.93
Open: 188.91
Day's Range: 188.91 - 192.09
52wk Range: 165.71 - 248.18
As you can easily see, the numbers don't match the picture.
Anyway, since I was there so often today, I'm reasonably certain that Moriarty's "article" wasn't on his website until well after the market closed.
Therefore I don't think it at all likely that it can be considered as the catalyst behind today's pop.
I also think that the June 4, 2005 shown under Moriarty's byline is indicative of it's recent posting on his site.
The buying, though not particularly heavy was very consistent and, bite my tongue, might have come from the 321 clique getting a head start on Monday's action.
BWDIK?
I presume you have heard the 'story' of Moriarty and Hoy w/r to WEX.V, the inactive junior that allowed GPXM to become a 60%JV partner in Ashdown for a relatively small 'entry fee.'
Breaking above weekly trendlines here. Was surprised by today's move, now I know the reason why. Volume was rather light considering the tone of the article, but sellers were also absent.
==============================================================
Hi IAC,
Fwiw, I prolly visited 321Gold 30 times today to get a read on the actual HUI and XAU numbers as the one day charts of those indexes were, and still are, showing Wednesday's patterns.
To illustrate what I'm trying to say, this is the current HUI 1 day chart from the 321Gold site:
Index Value: 190.47
Trade Time: 4:36PM ET
Change: 1.54 (0.82%)
Prev Close: 188.93
Open: 188.91
Day's Range: 188.91 - 192.09
52wk Range: 165.71 - 248.18
As you can easily see, the numbers don't match the picture.
Anyway, since I was there so often today, I'm reasonably certain that Moriarty's "article" wasn't on his website until well after the market closed.
Therefore I don't think it at all likely that it can be considered as the catalyst behind today's pop.
I also think that the June 4, 2005 shown under Moriarty's byline is indicative of it's recent posting on his site.
The buying, though not particularly heavy was very consistent and, bite my tongue, might have come from the 321 clique getting a head start on Monday's action.
BWDIK?
I presume you have heard the 'story' of Moriarty and Hoy w/r to WEX.V, the inactive junior that allowed GPXM to become a 60%JV partner in Ashdown for a relatively small 'entry fee.'
Dan 
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