Replies to post #3016 on ~*~Mining and Metals Du Jour~*~

[Threw-er-back]

you go boy!!!!

[NYBob]

Gold Spot (FOREX:XAUUSDO) haven't seen anything yet -
when its Au Mother start UP fiat$100++/day the people who lost
the Gold will lynch the bolsheviks 666banksters evils who fooled
robbed the people of the Au power bricks -


a repeat let's take a look -
HUI Gold Mining Stocks: Major Uptrend In Progress -
The major trend move underway in the Gold Bugs Index -

Although they're more volatile than Gold, if you can position
yourself on the 'right' side of their dominant trend,
investments in fundamentally sound Gold mining shares can be
even more profitable than investing in physical Gold.
Here's a look at the major trend move underway in the Gold
Bugs index, one of the most widely regarded indexes that
scores of precious metals equity traders and investors
rely on.

My, how times do change. Less than a year ago, the share
prices of virtually every senior and junior Gold mining
company were on the proverbial 'ash heap,' and some market
analysts had doubts that the bull run in the precious metals
sector would ever regain a solid footing, much less soar
to new highs.
And yet, that's just what happened - a complete recovery
across the entire sector (including Silver and Silver mining
companies, too), with Gold now at all-time highs and Silver
up more than 100% in less than 12 months.
Even better for those who trade Gold mining stocks,
the Gold Bugs index (which tracks the performance of some
of the biggest and most fundamentally sound Gold miners)
is up a mind-jarring 200% since October 2008 -
and the uptrend doesn't appear to be waning yet.
Let's have a closer look at the weekly technical chart of
the Gold Bugs index and examine the key trend indicators
as see what they may be telling us about the future
trajectory of prices for this volatile and potentially
profitable sector of the market.


Graphic credit: Metastock v.11

Let's start at the top of the chart to focus on recent
developments first;
note the huge, wide-range weekly candle that just printed,
one that took out the prior weekly swing high of 448.31.
As you probably know, the very definition of an 'uptrend'
is that a stock, commodity or index must have a series of
higher highs and higher lows, and that's exactly what we
see on this weekly chart of the Gold Bugs index.
Now, look just below the recent weekly candle and witness
the ever-increasing spread between the 20-week (red line)
and the 50-week (blue line) exponential moving averages
(EMA's).
Note how they are both sloping upward and that the spread
between them is also increasing at a steady rate;
this is a sign of increasing upward momentum in the index.
Moving toward the lower area of the chart, notice that the
Aroon (14) trend intensity index is solidly biased toward
the bullish side of its range (when the blue line is above
the red line and both lines are at opposing extremes, a
powerful uptrend is in motion) even as the Relative Strength
index (RSI)(14) is also in a powerful uptrend.
It's also interesting to note that RSI readings above 60
are usually indicative of a powerful trend move, and with
a current reading of 66.94, we can therefore conclude that
this latest rally in the Gold Bugs index is no fluke.
An interesting side note: Gold (cash basis) is up about 48%
since making a major low late last year (at about $713), but
did you notice that Gold stocks (as represented by the Gold
Bugs index) posted gains of about four times as much during
the same time period?

Does this mean that the shares of Gold mining companies are on
a non-stop ride toward ever-increasing gains?
Not necessarily; in fact, there are strong overhead
resistance areas near 479 and then 520 that will likely act
as (temporary?) consolidation and/or reversal point for
the index.
However, with the monthly chart of the Gold Bugs index
(not shown) also displaying powerful trend characteristics,
there can be little doubt that either of those key resistance
areas will eventually be challenged.
A solid break above 520.00 puts the Gold Bugs index into an
extremely bullish posture, and that's a price level that all
Gold equity traders will be monitoring in the weeks and
months to come.
If the price of Gold also continues to rise (it also
featuring many of the same bullish trend characteristics of
the Gold Bugs index), that will also be extremely favorable
toward those trading the shares of the biggest and most
fundamentally attractive Gold mining companies.

This may be the most exciting time to be a Gold/Gold stock
trader since at least 1979-1980, and if current trends keep
strengthening, we may be on the threshold of an era in the
precious metals markets that will be talked about for
generations to come.
Stay tuned - it's sure to be a fascinating and potentially
profitable time to be involved with the precious metals
markets!

Got RMK - EX..GOLD Spot fiatz$ 10,000.-/oz

ex..

http://investorshub.advfn.com/boards/board.aspx?board_id=1499

Gold Spot (FOREX:XAUUSDO) fiatz$ 1063.90/oz bargain :-)



Last trade 1076.35 Change +12.97 (+1.22%)
Open 1063.38 Previous Close 1063.38
High 1077.90 Low 1055.00
Bid 1076.35 Ask 1076.86
2009-11-03 10:56:45, 0 min delay

Got Gold hard rock treasures -
ex..of a Gold venture penny play
CQRLF - The Calm Before The Run
LexLuthor

Drilling has begun.
I believe GoldCorp is watching this company very close.
This is stock is currently under the radar
and should gain some attention very soon.
Drilling results have to be positive.
Stay tuned......

well, CQR still an Ausome bargain..

dd..listen to..
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

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41481973

http://investorshub.advfn.com/boards/board.aspx?board_id=11788
imo. tia.
God Bless

[jhernandez]

gold 1080! nice

[goforthebet]

'Gold may touch $4,000 during this bull run'

2009-11-02 17:40:00

http://www.commodityonline.com/news/Gold-may-touch-$4000-during-this-bull-run-22567-3-1.html

Here are 10 compelling reasons why gold is going to do well this year.

The Stimulus Effect: Including $1 trillion in cash infusions, the stimulus plan will pump $9.7 trillion into the economy, according to Bloomberg. As the Globe & Mail reports flatly, “Many believe that the monetary stimulus efforts will cause a spike in inflation,” driving gold higher.

COMEX Traders Predict $1,600 Gold… by December: If gold trades at or above $1,600 by December, some 100,000 call option contracts will be “in the money.” Big-money players Goldman Sachs and JPMorgan are reportedly helping to drive the action, ahead of a huge purchase of gold futures contracts.

“Big Money” Inflows: In 2008, NYC-based hedge fund Paulson & Co’s flagship fund returned 37%, as the world markets burned. Paulson’s bullish on gold, big time, including the Mar. 17 purchase of 39.9 million shares of AngloGold, worth $1.28 billion. Other major hedge funds are piling into gold, too, including Eton Park Capital, Green light Capital and Hayman Advisors.

China’s Doubling Down! China just revealed that it has doubled its gold holdings to 1,054 tons. Yet that still only equals 1.6% of its overall reserves. As China moves out of U.S. Treasuries and into gold, this will help fuel the next leg of the run-up.

Demand Building across the Board: Worldwide demand for gold jumped by $29.7 billion in the first quarter, a 36% bolt, according to the World Gold Council. Demand for gold ETFs (Exchange Traded Funds) rocketed 540%... another trigger for the coming gold boom.

The Paper Dollar’s 30% Drop: Since 2001, the U.S. Dollar Index has tanked 30%... while gold has risen 300%. With all the downward pressure on the dollar, and inflation on the way, this trend is about to pick up steam.

Gold/Dow Ratio Signals $8,000 Gold: During major gold bull markets (and corresponding equity bears), gold and the Dow converge at a 1-to-1 ratio. During the last gold bull, the Dow sank to 850 and gold rose to $850. The Dow is now over 8,000… But even if it fell to 4,000, we could see $4,000 gold before this bull run is over!

U.S. Treasury Dept. Signals $5,468 Gold: Currently, the U.S. government holds about 286.9 million ounces of gold. It has printed about $1.569 trillion worth of paper dollars. If each dollar were backed by gold, that would put the price at $5,468.80 an ounce.

Riding the “Commodity Super Cycle”: Jim Rogers expects the Commodity Super Cycle to drive commodity prices higher for another eight years… including gold. And he’s stockpiling the yellow metal by the day. Every pullback, says Rogers, is another buying opportunity. Considering he’s been dead right on every major trend of the past 40 years, we wouldn’t bet against him.

Historic Model Predicts $6,214 Gold: During the last gold bull, the yellow metal ran from $35 an ounce to $850, a 24-fold increase. This bull started with gold at $255.95, meaning that if historic trends hold, the price target would be $6,214 an ounce.