Replies to post #9649 on Mostly: Classical

[amarksp]

You are very quiet these days Frank, what's up...?

What are your thoughts on POG and Euro... Going on vacation this weekend until June 10th, so I have been lightening up a bit on gold stocks and redeploying into Foreign Government bonds (GIM, BEGBX). You are likely correct that POG and gold stocks will go downward in the near future, but I am now more hopeful (if we get above POG=$404 this move) that we may have seen the lows at POG= $370. In opinion in this regard...?

Thanks!

[Frank Pembleton]

TECHNICALS - COMEX/NYMEX metals technical indicators

 
  
                  GOLD  SILVER  PLATINUM  PALLADIUM   COPPER  
                   AUG     JUL      JUL      SEPT      JUL  
                  <GCQ4>  <SIN4>  <PLN4>    <PAU4>    <HGN4>  
 Close June 1    $395.50  $6.055  $842.50   $254.00   129.25  
 High             399.80   6.195   847.00    258.00   130.00  
 Low              394.30   6.050   840.50    252.50   128.70  
  
 5-DAY M.A.       394.30   6.092   837.40    253.35   126.17  
 20-DAY M.A.      385.50   5.861   807.80    247.20   121.25  
 50-DAY M.A.      399.30   6.641   851.00    276.36   126.18  
  
 9-DAY R.S.I.      74.54   55.86    67.70     52.22    86.36  
 14-DAY R.S.I.     67.51   54.92    64.13     51.15    76.70  
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 Note: Data calculated from previous close. Previous high and  
 low include ACCESS trading from previous session. Indicators  
 are based on the time periods recommended by their developers  
 or commonly used by technical analysts. Moving averages are  
 simple moving averages. RSI formulas include a smoothing factor  
 utilizing an exponential moving average (EMA), determined to be  
 the industry standard. All calculations can be made using  
 Reuter Graphics or Reuter Technical Analysis products.  
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 Contract High     433.00   8.490    938.00   342.00   138.20  
 Contract Low      324.70   4.360    756.00   229.00    70.90  
 First Notice Day  Jul 30   Jun 30   Jul 01   Sep 01   Jun 30  
 Expiry Date       Aug 27   Jul 28   Jul 27   Sep 27   Jul 28  
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              BULLISH CONSENSUS ON May 25:     24 Month Range  
                                                   Low   Hi  
 Gold           64 from 58 on May  18               13 - 91  
 Silver         45 from 37 on May  18               13 - 89  
 Platinum       64 from 58 on May  18               14 - 95  
 Copper         67 from 58 on May  18               08 - 88  
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 * Bullish Consensus, Copyrighted, Market Vane Corporation