Replies to post #238025 on Zeev's Turnips Patch-No Politics (ZEEV)

[jrintl]

Jim- did you have a turn date yesterday, and, if so, you stickin with it?

[Bullwinkle]

Hey Jim, as you know I was looking for gold to breakout not down and on that move it gapped down below the 200DMA. I could be wrong again, but that is not a good sign for gold. This is a difficult animal to gauge, but it looks like more downside is coming. Since I feel it goes down further from here you may want to load up >8^) My general market direction calls have been pretty good lately if I do say so myself, but my $GOLD and $USD calls have not and have been contrarian in nature... FWIW

[Zeev Hed]

It did reach just under $380 or so, so a bounce could come. Not too excited about it though.

[Joss]

Jim,
You could turn out to be right about Gold stocks holding, however, the following is decidedly negative news for the SA based stocks. Could not come at a worse time, on the heals of the China news. I am aware that it has been under discussion for some time but the Government is now saying that it is going to happen.

Last Updated: Wednesday, 30 April, 2003, 15:08 GMT 16:08 UK

South African mining bosses have failed to prevent the government slapping new taxes on their industry

http://news.bbc.co.uk/2/hi/business/2987967.stm

Best,
Joss