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TA WATCH ARCHIVE UPDATE : Silver has tested support & bounced up. The technicals say we could now break out to the upside of the broad channel (there is a MM outstanding still from the inverse H & S). However Ted Butler's 11th Oct commentary noted that the COT commercials had increased short positions. Ah - but today is another day. Even I was short silver yesterday - a pullback was that obvious. (Actually silver quite near lows of the day right now). Silver started trickling down even as I was annotating today's silver chart (now moved from the home page to the Charticle below due to size). IMO the H & S scenario is currently less likely than the inverse one, if only because the inverse H & S is a fait accompli. Earlier today I wrote 'I expect a test of the neckline today or tomorrow. If it holds we are destined to break up out of the broad channel.' Since posting we have actually hit that neckline and are back-testing it as I write. For Silver Gold & FTSE charts visit... Go to the Gold Eagle forum - especially 17.00 hours onwards yesterday (11/10/4) for a good discussion of PM wave counts - which is still ongoing BTW.
Mon 11th Oct Apparently NY is open today, and metal futures are trading, contrary to what I was told Friday evening. The holiday story I picked up may have referred to Canada only. Just as well I'm back in the hot seat to check out the start of trading! My plan for today was to buy Randgold on the LSE and move on to other things. Phase 1 accomplished, see you later. This is NOT a chart for day traders.
Long Weekend Monday holidays tend not to be kind to PMs ...ties in with.... Fri 8th Oct UPDATE 16.00 HOURS GMT Silver refused the chance of an H & S top & decided instead to test the top of the Stockcharts channel. So we did get to $7.30 after all. Before we start celebrating, let's see if Ag can stay over $7.25 going in to the weekend - the current top of the 15-minute tick channel. Shares usually lead the metal, and they are dragging their heels a bit. Some silver shares have some serious catching up to do BTW if silver shows itself to truly be in an impulsive wave 3. And there is no doubt this week's move has been impulsive. Meanwhile gold is showing strength. 'Lincoln' from Gold-Eagle forum has put out a call for 429 that has broken out and should therefore be fulfilled in the near future. He has a proven track record. If once again he is right, have I got a long-term chart to show YOU... ....later. ------- If the 'Double top' H&S is to complete today I expect us to crawl back to about 7.20 before dropping to 6.95. This will be a test of a significant inverse Head & Shoulders which has a better than 50/50 chance of holding. Failure here and silver will probably bounce off the broad channel median and back up to test the red neckline from below. The good news is - silver's action over the next day or so should resolve the wave count once and for all, and all the TA points to higher prices soon. I did not see tomorrows chart today, so anything I write is just my opinion, which I am trying to train turn on a dime when confronted with new evidence. I may have changed my mind even before you read this. Think for yourself.
Thu
7th Oct Wed 6th Oct The Anomalous Open Interest Pattern of the Gold Market International Forecaster has same gold & silver targets as me A perfect opportunity to downsize the world's population? Tuesday 5th Oct Silver is indeed looking to hit the upper rail of the channel. CDE is lagging this time - a contra-indicator. This scenario could still play out... New DROOY charts 4 more stocks will be uploaded this evening I have quite a few new charts today but this a.m. a Hi-ab took down our power lines B4 I could upload anything. Normal service will be resumed very soon.... Monday 4th Oct Conflict of conflict of interest... Is the FTSE signaling a FED-induced pre-election rally in the SMs...
New gold & silver charts... I still don't discount 720 silver and 430 gold early this week, though the balance of probablility has to be consolidate & correct. Back later today. More dope on Gold & Silver (active thread) October Surprise Lots of people anticipate a pre-election market rally. Are you one of these lots of people? Silver seems to be forming a flag. Wide Channel TA of the 15-minute linear chart says 7.20 & the daily log chart says 7.30. There is quantum support @ 6.90. Following a break to the low 7's I expect a correction. The market will decide. One note of caution. On the 15-minute chart the flag peaks higher than the pole and looks mini H & S-ish - toppy. However I am told the daily chart will show a print of 6.98 when it is updated, i.e. pole is the highest point. This discrepancy is because the 15-min chart prints after every 15 mins and ignores prices between those sampling points except for the current 15-min section which is constantly updated. The daily chart from Stockcharts (symbol = $silver) integrates over all time. The discrepancy between the charts is most noticeable during periods of fleeting transients - 8.50 & 7.01 being prime examples. Is nothing 4 real these days? Has anyone decoded this message yet? 'Caring's not about caring - it's about doing what you believe in' I AM NOT MAKING THIS UP! Also @ the Labour Party Conference Bono-head (who apparently negotiated a special tax exemption status for starving artists - like himself - in Ireland) was effusive in how we should spend our tax money helping the third world. He further enhanced his credibility by comparing Gordon Brown and Tony Blair to Lennon & McCartney. Sunday Morning... I will be disappointed if next week is dull. Later I have an interesting chart for you ..of .. you've guessed it - Silver! Central banks in Russia hastens collapse Bush Stomps Out of Press Conference Over Enron Ties UK's Brown urges IMF to revalue gold for debt relief Retro: UK Gold Sale Fury Fri 9th June Silver (above) is testing the BO from the bull flag right now. Wish it well. Thurs 8th June Nae time to post this a.m. - but if you've been paying attention you will have spotted the break & backtest of the neckline spanning the base formation in silver. I did. Right now we are forming a bull pennant. MM to fill the first gap IMO. Hope none of you are light MGN. It was obvious after SSRI that MGN would follow in the fast lane. Many are calling for a SM rally. Not me. I will post a really dirty looking FTSE chart tomorrow morning. How can PMs soar while SMs tank? That is the question that has been troubling me - coz that's what my charts have been saying all along. Deflation would take the PM's with it to some extent. Answer - BANKING CRISIS. Google 'Russia banking crisis'. Wed 7th June SMs below 200 ma's this a.m. Let's see how many more shares have to be nationalised to save the day... <Another closet rant from the inimitable Ment aka G7. Hope it doesn't upset too many TA people (we have to learn to laugh at ourselves). Was surprised da boyz didn't hit silver harder yesterday. Don't forget - live silver is just a click away above the current day. Oh - and BTW BGO has a little H & S after yesterday whose MM would in fact close that gap. Tues 6th June Silver is interesting this week. On my tablecloth chart is has just about broken out of the fan line from $8.40. Breakouts are also apparent in the Stockcharts 3 month log & linear charts (be quick - today is the last day you will be able to see the flagpole on the 3-month chart). Bear Flag or Launch Platform?....
Now with BGO & words - the updated 'Late June PM Overview' as sent to Gold Eagle. (There used to be) '... only America. Now there is the homeland... and the rest of the empire.' - Bill Bonner Monday 5th June Updated OK I lied. Back in front of screen now & working. Nothing much has happened of course, as NY is closed. Also Vronsky wants some stuff on SSRI etc., so better get to it, eh? Personally I think it was Mr. Plum in the bedroom with a candlestick.... Scarlett 'to blame in dossier fiasco' Remember David Kelly - whose death was blamed on the BBC? Another Top Bioweapons Expert Killed 1984 watch After Patriot II comes the 'Freedom Tower' - the new WTC site development made possible by the demolition of the old asbestos-riddled white elephant back in '01. Long weekend Some analyses will appear here well before market opening. Today I have a studio to build, but will post more this evening. PM's are appearing piecemeal in Meanwhile the H & S on this chart calls for a return to 85... Friday 2nd July Shortened trading due to 4th July holiday on Monday. Previous Monday holidays have not been good for silver - expectations may be low... July already! Henmania over for another year. Nothing to add to silver chart as yet - so have been updating the Holistic News Agency (top bar). Also added a few more sites to the Tidy Box (Green filing cabinet second top bar of smaller icons). FWIW : SSRI seems to have broken back above H & S bottom neckline and was up into the close yesterday. Also silver has double-bottomed @ $5.77 Wed 30th June
'This means something'...
Tue 29th June Mon 28th June
Half-way stage (Wimbledon) There are 4 inverse H & S currently in short-term play in the chart of silver. 1, 2 and 3 have broken out. 4 is offering temporary resistance. 3 was back-tested Friday. 2 has NOT been back-tested yet - maybe it won't have to be. I will be posting a large more detailed version of this chart before NY opens Monday.
Fri 25th June After watching Saul Campbell's second goal against the European Cup hosts being disallowed for absolutely no good reason it is obvious that it's not only markets and elections that are rigged. I would not be surprised to learn that Wayne Rooney's boot had been tampered with ... (just kidding - I think) Out all day yesterday so missed big break in silver. Looks like AG's ear has been left behind. Now what? Thurs 24th June OE tomorrow.
Big rush today - have some PM stock charts ready - will post tonight if time permits. Wed 23nd June Its Wimbledon so it must be raining (it is).
Has silver done enough to form AG's left ear (stage left that is?). Only if it does not want to test the breakout... Catch 22nd June WAYNE ROONEY ROOLZ Silver action review. $6 (MM) was hit on Friday & Monday - engineering a double top. Now we get the pre-options expiration take-down as predicted here on CT.
How long... has this been goin' on..... Stock-gate was all about illegal shorting on the German bourse. 990N involves a German bank. Atta had spent time in Germany. The CIA & US accepted Nazis because of their 'expertise' post WW2. Bush's Grand-pappy helped Hitler. Our Royal Family is of German descent. I'm getting a little ahead of myself here... Ships at sea... 'Three UK vessels seized in Iran' Mon 21st June The Sunday Times comedy section was not so funny this weekend. Looks like those carriers mean business... Irwin Stelzer: Heed the market and look to the aircraft carriers Banker in court after mystery drug deaths Work till you’re 70 plan leaked Weekend 20/21 June Hommel is Insanely Bullish on Silver A short selection of salient posts... Bush plans to screen whole US population for mental illness This thread has legs... July silver options expire end of month. My spread better says June 28th, but an email from a surfer says 24th June. The latter fits better with my TA Fri 18th June
Thurs 17th June Willie's latest - a must read... Silver - has been range-bound this week. I notice Google and others are reporting an unprecedented attack on the internet this week - it made the BBC TV news. This, all those ships at sea, and the massive expansion of $M3. Hmmm... Regular viewers may have discerned that I draw parallels with now, the early 70's and of course the crash of '29. Gold had two major run-ups in the 70's, culminating in the $850 peak everyone remembers, while silver hit $50. I wonder what those peaks would be in today's money? In particular what will they be in 2012's money... The future from the perspective of the 70's.. Wed 16th June In a rush today but I have been noticing more symmetries in the silver chart. There is a MM to about $6 still hanging in the air in this chart - only a possibility. Also could be the end of wave 4 (of C of II or IV). I will also have more to say about the Mines Management chart this week. Tue 15th June Kitco silver sure is a weird chart tonight
Mon 14th June
Sun 13th June Quote from another forum.... 'TPTB have gone to the expense and trouble to acquire most of the media in the world. You can bet they are scheming on ways to censor the internet. It is the single largest loophole in their power structure.....' Sat12th June There are stories going around. Keep alert! Fri 11th June There has been a change in the way we count ballots this time around. Instead doing it immediately after the vote (keeping journos and politicos up 'til the wee small hours) the count has been delayed until the morning. Presumably Labour's final vote will tally with the exit polls... Blair punished at polling booths Midnight mystery of car full of votes British government to probe alleged postal ballot fraud Postal vote 'doubles' turnout in trial regions Postal ballot in chaos as one man gets 36 ballots
Thurs 10th June Silver analysis as per yesterday still holds. Recommended (nay essential) reading : goldismoney.info and gold_eagle.com forums for debate on coming financial collapse. Links are thru this window>>>>> It is time to draw back the curtains.... Wed 9th June See first item on the agenda... Tue 8th June
Mon 7th June
Weekend I found this a measured resource... Masons in the UK and other Homeland Truths Hyperinflation? Deflation? Meteor Impact? False flag WMD events? Is silver going up or down? I don't know. I try to prepare for most high-likelihood possible scenarios. Sometimes there are divergent paths each of which requires different responses. The trick is to identify the early warning signs in advance of them happening and have plans ready to swing into action triggered by certain confirmations. Meanwhile veteran analyst Clive Maund has pushed his boat out much further than I would have expected in this latest editorial on... Gold, Oil and a Major Terrorist Attack Hats off to him for (almost) telling it like it is. To help you read between HIS lines try www.whatreallyhappened.com for starters. This may not be the red herring I first suspected it was ... Friday Going sailing - having placed limit orders for either scenario - inverse H & S breakout or triple bottom wedge back-test
Thurs 3rd June Wed 2nd June Overheard @ the goldismoney.info forum.... '....In
my local bank today around noon. I watched as the teller had to
open the "big money" drawer for another teller. I saw
a tremendous amount of US FRNs - MUCHO. I remarked how the FED
made 240 billion new dollars over the past three weeks - she
volunteered: Silver on the cusp... Measured move down or upside breakout? You're on your own 'til this evening. UPDATE Silver is really having a go at green this a.m. If the time-symmetrical H & S can't trigger the solid red H & S to support @ $5.80, the upwards reaction could be powerful. This is a strong formation that is pressing down, and only a stronger force can overcome it. I will be watching carefully and acting accordingly. Bye for now...
Flamin' June! Raining this morning actually. Silver is sending out confusing signals which I am currently attempting to decode. It looks like we go much higher, but when and after how many twists & turns? More later today. I had an old home page uploaded in error for a day - which is why this warning is 24 hours late. Kind of ties in with the US fleet deployment story, though. A view from the tablecloth. Remember green neckline comes from previous inverse Head & Shoulders pattern....
Bank Holiday Weekend A potential H & S is forming in Silver. It could be a fake as we are currently supported by an up-trend channel and big green neckline. CDE and others are forming inverse H & S with gaps above. More info on massive US carrier deployment Silver was ambushed during the Easter holiday weekend when a continuation pattern proved proved to be a false flag. (There do seem to be a lot of false flag operations about these days). Another ambush may lie in wait for the unwary... but in which direction? Huge US carrier group movement '.... In September 2001, the US and UK "coincidentally ran what were then the largest war-games ever planned, Operations Bright Star and Swift Sword 2. At the same time, again "coincidentally", two US carrier groups arrived on station in the Gulf of Arabia. The resources needed to "respond" to the "surprise attack" just happened to be in place when needed, in operations planned months in advance. So now 7 carrier groups, half the entire US carrier fleet, are headed out to sea, destination unknown.' - M Rivero(My Caps) Fri 28th May Evening Update Silver left the circle while I was out being bored at a pointless meeting. Took a look below green and closed at 6.08 - on or just above. Am building a new map now - report in time for next weeks opening here. Meanwhile CDE closed a gap 7 THT bounced back. HIF.L up to 8.00 (pence that is) today in time for Gold eagle Forum stock-pickin' results. Hope to be near the top again. Have a good holiday weekend y'all. Gap 6 cents away.... (Update - gap 22 cents away now!)
Thurs 27th May
Today I will be mostly auditioning active monitors. Don't let silver fall out of the circle while I'm away, otherwise I might have to PAY for them. Wed 26th May Evening update The inner and outer circles are features of my large-scale paste-up - occasionally we have spiked into the 'tyre' of the 'wheel'. There is also the first hint of a linear up-trend emerging - more later...
BTW I put my stops a safe distance under the rim of the wheel. I will not say where - who knows who might be watching... 'The rounder we go the faster we get...'
We have a soft spot here for Jim Willie Tues 25th May I was thinking we might have to drop to small green neckline in order to back-test, but all we need to do is fill the flag below. This formation is bullish of course. MGN up 10% yesterday, good close on the PM indices.
Mon 24th May UPDATE ALERT
Weekend Wind-up Crucial classic text .... The north face of Hubbert's Peak .... Up to 100 years supply of oil left according to Dr. Maugeri Fri 21st May
Economists downplay US jobless claims rise Thurs 20th May
Latest draft... Silver manipulation is headline news Clive Maund has turned bullish and expects majors to lead... I remain bullish and expect juniors to fly... just a hunch & mirrors. CZN up 40% today. Wed 19th May Evening Update....
Believe me, aside from the geopolitical mega-issues, this is the subject most concerning informed investors right now - the inflated dollar experiencing a possible counter-intuitive rally in a terminal debt bubble ...
The larger H & S was turned back at the neckline on Monday on 1st attempt @ breakout. The smaller has not completely fulfilled. Tues 18th May Two charts - different highs! Never mind, back-testing is over.
Mon 17th May If resistance @ 5.86 is taken out I expect a spurt for the following reasons... Friday's silver projection is still not completely fulfilled - first we may or may not see a back-test of a couple of breakouts - Friday's inverse H & S neckline and/or the pink line in the chart below....
The deal is - if Fridays PO is achieved then the above inverse H & S (blue neckline) could take over (I know it looks tenuous - but I have reasons to believe it is not). That should shoot us into the first of the two big gaps down. We know they have to be filled sometime.... Weekend Check out the Poll - and note that Scotland is a Labour heartland.... Piers Morgan’s gone ... but can Tony Blair be far behind? Bush:
That's right. I am now. And was then. And always shall be. Just
ask Dick. Transcript of Bush/Cheney testimony 9/11 I have added charts here in response to a message from the closet.... THE 4 DERIVATIVE U.S. DICTATORS: SECRETS OF THE PLUNGE PROTECTION TEAM Fri 14th May Update Alert It's a long shot, but....
Fri 14th May PM have retreated back to strong resistance. Either they will come off at a pace, or will sink once current surface tension goes. For this to happen the dollar must rise in value. Q. What could cause a rally in a currency that can be inflated at will by a country with a debt bubble of millennial proportions and a shocking trade deficit (that would be further exacerbated by a rising dollar?). A. A dollar short squeeze - withdrawal of credit - rising interest rates. This would bankrupt leveraged homeowners causing a collapse in real estate and other assets joined at the hip to the dollar. For a while PMs might get caught up in the firestorm (until it is realised that gold and silver buy oil.) The holders and printers of dollars could then swoop on those assets and acquire them for a song in the ensuing fire-sale. Of course, the unredeemable debts of the US will eventually sink the dollar, but by then the controllers of the currency will be 100% in hard assets. And as close to 100% of hard assets as they can engineer. Neat. Can the above happen? A dollar short squeeze is so counter to the interests of Americans many argue it will be fought tooth and nail by the US government and Bernanke's famous printing press. This argument assumes that the US government has the interests of the American people at heart. Think the SM has to be kept up until after the election? Think again. Check out the true credentials of the opposition. Greenspan's tenure is up in 6 weeks... PS. Recently there has been a plethora of anti-gold rumours, innuendo and pseudo-facts which seem to be part of a co-ordinated campaign to cap the price of PMs. Could this be a case of the 'Buffet shorting the dollar' news that preceded this latest $ bear market rally? Silver squeezing into an apex..... >>>Silver<<< Kurt Vonnegut: "addicts of fossil fuels, about to face cold turkey" Thurs 13th May There seems to be some doubt as to the perpetrators of that horrific beheading. This from a gold forum... Fishy Circumstances and Flawed Timelines Surround American's Beheading Wed 12th May Silver is taking a look @ falling resistance (a fan line from 8.40) - I expected a big move today either way (postponed) .... There is a sloping downwards inverse h & s on the 15min chart.. but another on the 6 month daily chart that calls for a drop of $2.50! That would seem ridiculous. Tue 11th May Mon 10th May TQ pointed out that the silver 15 year H & S bottom neckline is currently at around $5.35 on the monthly chart, which is a tad lower than where I was looking. Tomorrow first thing I must decide if the SMs go down further - made a profit today on a bet that has stood since beginning of year. What I liked today was the divergence - SM down, PM up. Except for those Canadians... Weekend 8/9 May What gets me about this next awesome graphic is how it illustrates the grinding inevitability of seasonal rotation. I imagine rich powerful banking families riding on this wave, able to precipitate or delay (to some extent) transitions from one mode to the next, allowing themselves to re-position ahead of the masses in time to benefit from the next global crash or boom. Manipulation and insider dealing on a planetary scale makes a mockery of the expression 'the free market'... Fri 7th May HUI carnage in real time Basket of Unhedged Gold Stocks Index Yesterday silver dallied in the green circle some, then it dropped to the red arrow depth, and it has just kept going. Makes me wonder if we are not going to get a Gann 50% price retracement here. (Though once folks figger out what silver was worth PRE oil, all that will change....) This weekend's topic will be Thurs 6th May
The HUI mysteriously sold off 4 points in the last 15 minutes of trading after the major reversal UP on Tuesday. MGN is still rising though. Wed 5th May Off to teach studio design. Check out It would be ironic indeed if a mirror spike up to new highs were to be caused by the bulk of the TA community suddenly starting to look in the opposite direction. I have added more charts to Silver.wav As you can see it is building into a big work. @ Vronsky! Silver.wav will be edited & texted up by the weekend. 4/5/4 Silver can turn on a dime. >>>Silver<<< Today in words & pictures ... When time permits I am adding stuff to Bank Holiday Monday
Much of the UK is at the coast. Having broken out of the log channel (which shows up as a converging channel on the linear chart) Silver is now working on linear channel resistance. Looks like another decision day for the white metal....
May 1st
Friday 30th April
Thursday 29th April At least I am short the SM! Silver had strong resistance previously @ $5.50 ish. More later - GATA go.
Wednesday 28th April Silver Options Expiration Everything broke down today while I was out. My shares are down, obviously, but my futures strategy protected me. The question remains - how far must we break down? Is the PM recovery anywhere in sight? More after I have digested today's action... meanwhile the closet guy and Nelson Hultberg (see Articles left) sum it up well.
Just B4 I go to the studio one observation - HIF.L up last two days on half a million volume. This morning - back down 7+% on less than £5000 worth of shares traded. Go figure. LATER THAT SAME DAY Once a formation breaks down that's it. EOM. Tuesday 27th April Want to know one simple strong reason for my current $12 P.O. for silver?.... Meanwhile today the markets seem essentially directionless this afternoon. Glad I was too busy to watch the screen. Monday 26th April Picked up some SSRI cheaply (I think) on friday. And I've scaled up into 50% of my full weight silver futures position. Silver always was cheap, and it recently got a lot cheaper. Today is holding its breath before options expiration tomorrow. Today I am finalising a studio design. Tomorrow we start to build. This thesis has some merit. George J. Paulos & Sol Palha.... Though the dollar has been profoundly debased over the longer term, a short, sharp counter rally on a credit crunch is a possibility. You would think that with no gold standard in the way helicopter money would be thrown at the situation ad infinitum. But what if TPTB actually WANT an asset price collapse? After all THEY will have no trouble raising (printing) cash to buy up fire sale assets with FIAT holding a temporary inflated value (enforced by the credit squeeze/higher rates etc.).
(In futures trading - to continue the 'short dollar' analogy -
this would be the equivalent of stop-running.) Once they have the rights to
your assets they will care not WHAT happens to fiat currencies thereafter. You can bet they will
already have the gold. METHODOLOGY Buy up assets at dimes or cents to the dollar. Real wealth (things) goes from the sheeple > TPTB PS I just found this quote from a 1934 civil service year-book called the 'Organizer' (it's a US publication) - "Capital must protect itself in every way...Debts must be collected and loans and mortgages foreclosed as soon as possible. When through a process of law the common people have lost their homes, they will be more tractable and more easily governed by the strong arm of the law applied by the central power of leading financiers. People without homes will not quarrel with their leaders. This is well known among our principal men now engaged in forming an imperialism of capitalism to govern the world...' A lovely weekend in the UK If you are trying to claim credit for my idea, please note the spelling is Spectral (not Spectoral - that means something like 'pertaining to Phil Spector') oh - and it's Entropy, not 'entrophy', the degree of disorder or chaos in a system. Spectral analysis started here. Meanwhile back at the cutting edge of charting we move on, sometimes into enlightenment. (2 new charts today) ... us sound engineers know a thing or 2 about vibes. I see chartists are starting to use frames more. Note : what I sometimes used to call a banner chart is actually a ribbon chart. See GOLDOLLARAND for other definitions as applied to the Rodin system of Quantum Charting (in the appendix). I think all are spelt correctly.... Friday 23rd April The tension in the markets is palpable Well,
it's been tough. And there are even more bearish calls out
there. Not from me. Live action in silver - faint signs of H & S bottom - no additional trades made as yet (10.17 UK time) DYODD .... UPDATE see 27th April Palladium tested it's gap closure this a.m. and is perhaps now set to go. (chart links below) Thursday 22nd April Palladium is making a bid to close the gap... Good entry point? A re-cap of the last few days... How I rode out the silver drop GATA go - back later.... Well - did you place your palladium bids? I got mine filled. Check where the XAU is today... Wednesday 21st April Well the big test has come suddenly. The HUI is back at long-term up-trend support. I think it will be leaving this point in a hurry. But in which direction? Leveraged stocks performed badly today, for example ... Mines Management - now testing the bottom of the wedge Will try to say something tomorrow but might not have time. BTW check out Pot Pourri II - I've added some fascinating FTSE. Tuesday 20th April Yesterday was flat & boring but... Early this morning the blue neckline (below) was violated. I actually became concerned earlier - when the price hit the top corner of the green time-box and drifted down - that was my launch point. Whenever a potentially bullish formation breaks down it's time to back off. I'm back to a watching brief in silver. I would rather miss some upside action than take a bath!
Monday 19th April Nothing is certain but this looks good....
...be wary of spikes down intra-15 mins. These do not appear on the above chart but will affect futures trading. PS I should warn you that we may be in wave b of an abc correction - however - 1) The c wave often ends above the a wave in a bull - especially a raging bull. 2) I can see this forming a nice cup & handle over the next week or so... Live action New Charts... GFI added to... Weekend 17/18th April I'll get around to drawing an icon for this new section.... I agree with this article's conclusions Friday 16th April Late evening report I can't believe my eyes - HUI & metals flat but my portfolio up quite a lot. How? Well, for a start, My .TO's made up a good bit of ground (Listed below a few days ago). Most of the US listed shares flat to up except - GPXM - I have NEVER known a share like it - it ALWAYS seems to move in opposition to the other PMs (I have a moderate position). But the real eye-opener was MGN - which forcefully broke back up through its wedge. What a pity it is only 20% of my PM stock portfolio (by value)! All of the above tells me - the tests are starting to confirm future direction in PMs. This a.m. I received a very detailed email from an international group doing Fibonacci analysis warning me that silver had not bottomed yet, with charts and commentary to 'prove' it. MGN, my Ag bell-weather and ultra SSRI seems to disagree. My portfolio was up yesterday - except that laggard HIF.L. It still has a little work to do before it hits the wall of mirrors.... Silver - support @ 6.84, resistance @ 7.13. Expect intra - 15 min spikes above and below . Thursday 15th April If I were unscrupulous and wanted more, say MGN, I might post articles saying how it was failing some test and it was time to get out. The price would fall, and I would pick up stock more cheaply. It is up to you to decide what Rothschild and the Chinese are up to when they say they are letting go of gold and silver respectively, and on consecutive days. I have posted more charts and commentary today, including updates to previous charts. Wednesday 14th April Wow. What a day. This could be a turning point - PM stocks, PM indices and metals are testing breakouts. Ag and MGN would appear to have overshot. Ag did turn at a key Fibo and Gann level, though. DROOY, Gold and the HUI are all at test points overnight. I have added more charts above. Tuesday 13th April News about the Chinese selling silver was enough to spook the market yesterday. Silver has had a great rise, and profits have been made. Today I discern the opening of a new corrective down-channel and have scaled back my silver futures to a watching brief.
Easter Monday Rolling Stone Back from a day out and silver down below $8. Seemed to have been arrested @ 7.87, the previous recent low. Another thing I re-learned at the Gann seminar was that the faster they fall, the faster they rise. We will see. 'This could develop into inverse H & S - first chance since flag started to form' ... from Friday's commentary. Maybe even 2 or 3. We will see.
PS Just spotted it - if Pink = a Channel expect a dip to $8.00 where lower pink rail (not drawn) intersects the horizontal bottom of the flag (also not drawn). There is a symmetrical spike going into the first pink shoulder. Good luck, I'm outa here... Easter Weekend Gang! I am doing some exciting research into the performance of gold stocks from 1929 up 'til the present day. I have uncovered some astonishing stuff. It will take time to prepare all the analysis but I'll be opening up a folder into which I will be popping charts and commentary starting tonight. Big thanx to Ted & Rita. P. S. I'm not done with Long John Silver yet either... (Sorry if some of the pics keep dropping off - it's er Site Maintenance. Yes - that's it....) Good Friday For WD Gann a 50% drop in price was a key level for big reversals. I bought CZN.TO yesterday at half-price. I had reduced FAN.TO to 1/3 position when it was solidly in 3 digits, but doubled up @80 -another nearly 50% downer) MGN is testing it's wedge breakout. Not many of you sold. Silver is up today (bet you thought it wasn't trading). My current holdings (always subject to change) are ISA - RDV.TO QRL.TO ZMR.TO GQM.TO APG.TO TVI.TO FAN.TO THT.TO BWR.TO CZN.TO UK - HIF.L AVM.L POG.L APF.L GOL.L HEV.L US - MGN CALVF.OB GPXM.OB VGZ GSS BGO MNG GFI DROOY KGC CDE WTZ Mostly I take a position in stocks. I also play futures on metals and stocks in real time. This could develop into inverse H & S - first chance since flag started to form.... Thursday April 8th
Looks like Reality is winning over Fantasy in the silver pits - even with the newly skimmed margin rules the shorts can't get it down. Meanwhile the average Western consumer's debt delusions of economic well-being grow more fantastic each day. Wednesday April 7th
Attended a Gann seminar in London yesterday. I will be back for more... Tuesday's action went pretty much as predicted in my absence. Only bummer was my ISA cheque doesn't clear 'til today - and none of my targets lost ground Tuesday - quite the reverse. That's a few shares less I'll be bagging. Drat. Still - a drop in the ocean compared to the avalanche of profits expected. (How's that for a mixed metaphor - 7 - that's how NOT to write!) Tuesday April 6th Silver is simply not fulfilling downside projections made on a technical basis - It has NOT completed measured moves from various H & S over the past 24 hours - including a symmetrical-ish double top. The formation NOW forming is another wedge/flag with fairly horizontal support and falling resistance. Looks like another breakout to the upside in the offing.... Sorry - must be off to ring my broker... Monday April 5th One more day until I can buy more .TO's in my ISA. Now I could well be wrong - silver's bullishness has been taking even a silver bull like myself by surprise, but the following is a possibility - a looming H & S in silver is setting up a test and go for the 9-month neckline. If you are on margin be careful here - around $7.60-ish could temporarily be in sight. Two obvious measured moves are shown - I expect we will know by tomorrow's open if either have come to pass. I will be putting buy orders in a bit above $7.70. I will have more bullish things to say about silver later in the week.
I notice the neckline is now violated, and is now being tested from below. If this H & S does NOT produce a correction, then that is even more super-bullish for silver. It means silver is defying technicals and just going UP!
Special Report Disinformation is the stuff of business. Rothschild used it to make a ton of money after the Battle of Waterloo - by spreading a rumour the English were losing - causing their 'scrip' to plummet in value, allowing his agents to clean up. In fact, his top-flight carrier pigeon squadron had already informed him of an English victory. Now elections are nigh in Angloamerica. Co-incidentally the lid seems to be blowing off many manholes - silver is rocketing exactly (take note Jason!) as I predicted - from fundamentals and charts. Other metals and commodities too are rising fast. It's the Inflation I warned you about back in spring 2003 when all the talk was about - deflation. HAH! Another smoke screen. The lid seems to be blowing off the 911 manhole cover up too. As bits of incriminating evidence come to light, manhole cover stories and distractions must be found. Here are a few conflicting 'truths' from the past couple of days. S Arabia 'real reason for war' White House Withholds Clinton-Era Papers From 9/11 Commission Found! The 911 'Stand Down Order' Fmr. FBI Translator: White House Had Intel On Possible Airplane Attack Pre-9/11 Footprints of New 9/11 Seen in Markets Says Top Analyst I suggest you ignore latest reports, and look back over the evidence that has been out there for years. It's the Weekend again (don't have to worry about margin for 2 days!) Having
spent a year ploughing a furrow through the charts using
frames, matrices, sinusoidals and spectra, I went back to
basics to answer a few questions about Head & Shoulders and
Cup and Handle patterns. I have seen definitions of H&S
which said measure the distance from the centre of the head to
the neckline. I have also seen a definition which says measure
from the LOWEST POINT to the neckline. This I think is more precise. Friday 2nd April
What a day! The $8.40+ target as per 9 month silver H & S was hit - about a week earlier than I expected. I was out at the time because a BRAND NEW 64-bit computer had its FIREWIRE connector pushed into the mother***** (board) THE WRONG WAY ROUND. Took out the MLAN inputs of TWO Yamaha 01X's before a REALLY HELPFUL GUY at DIGITAL VILLAGE called NICK (HI There!) traced the error. Thanks Nick. Anyways the GOON who WIRED that computer tnorfotkcab cost me Stef & Jon DAYS of frustration and also some REAL MONEY. Now where is that small claims lawyer's number.... Actually I don't know what will happen on Monday. If I figure it out over the weekend I will post AFTER I have taken my positions. Remember MNMM.OB? It's been re-issued on AMEX as MGN (not to be confused with MNG). Anyway it hit an all-time high today after a breakout. Interesting. April Fools What a phrase! Wed 31st March
Tue 30th March
Mon 29th March
Sun 28th March Sat 27th March James Sinclair has identified an anomalous footprint in the markets - similar to what happened to airline stock before 9/11- the dollar and gold rising together. His interpretation is that a major terrorist event may be being anticipated in Europe following the almost too-overt assassination of the leader of Hamas. His site URL is behind the Window On the World, stage left from where you are sitting.... James says the technicals do not support a large increase in gold, but longer term 'mirror' charts are painting an explosive picture - VGZ and THT being obvious examples - not to mention the HUI & DROOY. If the Jack-in-the-Box of geonomic derivatives that have kept the global economy running on borrowed time, money and resources is about to be suddenly opened, it will cause near vertical movements in markets. Try to be on an up elevator if it happens. Pray it does not.
Fri 26th March Today IS options expiration for some gold and silver contracts. The battle lines are 420 & 415 in gold and 750 in silver. Thurs 25th March A 4-day H & S formation looms over the silver chart - but the MUCH bigger inverse H & S that has just completed will prevent it producing the full downside of the measured move to 7.3 - if the blue neckline holds....
Wed 24th March Well - silver DId break out of the pennant - but the temptation to re-test that H & S breakout proved too strong... Tue 23rd March Mon 22nd March A brief tour around my ISA account - all '.TO's'... New this week : ZMR.TO Will fill you in later when I spend my April 6th cash allocation.... Due to circumstances beyond my control I have been off the air this weekend. Looks like Friday's post (below) showing Thursday's closing silver H & S bottom completion was bang on - $8+ here we come... Fri 19th March UK Endowment Scandal - Could this pop the housing bubble? Thu 18th March What can I say - apart from CZN all going according to plan... watch out for more upside. You must admit the VGZ prognosis in Blue Period was pretty good.... Also I think GSS is headed back to its primary ribbon - at $12 + MNMM to list on AMEX. Someday this stock will launch again. Too much silver not to. the .TOs have been under-performing this week - Good! Only three more weeks to End of Accounting Year & another ISA allowance. Heh. Wed 17th March Tues 16th March Weapons of Financial Mass Destruction... 'Dynamite Is Everywhere' In Financial System Now Passing the Buck before TSHTF... Greenspan hits Fannie Mae, Freddie Mac Fannie Mae's $25 billion 'gambling' loss comes to light... Freddie Mac Lobbyist Leaving Amid Inquiry Decision day for the PMs? Monday 15th March TVI took a beating today. I expect a dramatic turnaround soon. The HUI shed 3% despite metal strength. Those of us with an ear to the ground have been expecting this - tomorrow could be interesting. I'm hanging tough - buying even. 3 more weeks until I can top up my ISA - will the PM shares hold off launching until then? It's nip & tuck... Tan Range up 4% today on news of a US listing. Was charted in The March of Gold Weekend 14th March Richard Russell thinks the SM top is in. Friday 12th March If Sinclair is right we should be through this turbulence by Tuesday morning. Silver has closed over $7 for the first time in about 20 years! However it is still ridiculously cheap. I expect the rate of appreciation to accelerate as more people become aware of the astonishing silver story. I really do think the SM's are rolling over here (I know, I've said that before!). Thursday 11th March I suggest you read what Jim Sinclair has said about the apparent H & S in the Shultz gold index and Gold (the metal). Me? As I said yesterday on the G E forum 'I think basically we go up from here'. TPTB can't paint the charts I'm looking at..... Tuesday 9th March Monday 8th March Sunday 7th March Saturday 6th March For those who remember Darby Slick.... I meant to post this article myself, just ran out of week... Who owns South Africa? The Great Inflation Train Wreck Fri 5th March Good day all round. Have a nice weekend. I've posted enough charts this week & have other fish to fry... Thu 4th March We have a new poster @ G-E : 'Texasgold' : who has made an immediate impression with his cutting analysis of the global bond market which shows a coming implosion. I suggest you check it out here >>>>>> Wed 3rd March Sorry - can't chart silver today - but you can here... Tuesday 2nd March Enron II : Parmalat decoded by EIR 'The Economist' on Fraudulent Fiat US national debt tops $US7 trillion for first time Sun 29th Feb New on HNA (Holistic News Agency - see top bar) - Grand Pre on Alex Jones - plus scroll down left sidebar for some red-hot Skolnick<<<< Fri 27th Feb Thurs 26th Feb Back after server maintenance (about which I was given no warning). Have some charts lined up for you including important short-term gold & silver observations - will try to post tomorrow pm. Goodness - silver IS getting volatile. Do you think maybe COMEX are having DELIVERY PROBLEMS? Tue 24th Feb Mon 23rd Feb Sat/Sun 21st/22nd Feb Big day tomorrow - I will be monitoring the action carefully. Greenspan testimony points to deepening US fiscal crisis Oil Production in 42 Countries Fri 20th Feb UK a.m. report. The dollar bounce is still with us. So far it is a pretty feeble affair. I doubt it will even reach the levels shown by the pink curve on the Pyramid Selling chart in GOLDOLLARAND. Tuesday next week a tranche of silver options mature. It is rumoured that this time the result will be that much physical (as opposed to virtual) silver is going to be demanded. It remains to be seen what happens on the COMEX, but the margin for silver (and copper) has just been raised, in anticipation of - what? Last 2 days saw PMs give up this week's gains. FAN.TO hit new highs yesterday, becoming my third largest holding in the process. Tue 17th Feb Busy charting yesterday. Today went to London to meet Falcor III of Gold-Eagle & Treasure Chests. Thanks for the great meal, pristine company, stimulating chat & goodie bag! Was surprised to hear that Capt. Hook is also into HIF.L. I thought I had that one all to myself.... HEV.L popped up last few days after I had lost patience with it. I'm back in with a smaller allocation at a higher price. Grrr. Trying to work out right now when to add to silver futures. Silver not too shabby this week so far. My stocks are up - hope yours are too. Sun 15th Feb We don't do Valentine's Day here. Pick the bones out of this.... Fri 13th Feb Today I shall be mostly looking for a new vehicle.... Thurs 12th Feb MNMM, SSRI & CDE pick up the scent.... Wed 11th Feb CZN.TO makes its move... Bush seeks $1 trillion debt boost Tue 10th Feb updated... HIF.L probing 2-year high this a.m. Is this a prime candidate for an island reversal of HUMUNGOUS proportions? Mon 9th Feb In here you will find why I bought more GSS and VGZ today. I sold WHT on some story about insider selling flagged up on the G-E forum. I don't want to be left with a bag. Now WHT will probably explode from here - but so will the stocks my proceeds will be invested in tomorrow. HIF.L is going to have to work hard to meet my Valentine's Day target of a spike down to 5P. My upside targets still stand. Sat 7th Feb All systems go?
Friday 6th Feb Today was big excitement. We have breakout ahead of the G7. Looks like we are headed for a triple-top. But will it be a triple-top breakout too? I have updated UAXAU - and have even more to put into it. Worth a look IMHO>>>> Bought some more BWR.TO today. Irresistible chart. Shoulda bought even more THT.TO. I'm not going to chase it. Am now 98% PM loaded. 250+ here we come (I hope). Competitive Currency Devaluation - Marshall Auerback Thurs 5th Feb Yesterday was a big yawn. Noticed THT.TO up 10% though. Only another 9990% to go.... Some more symmetry charts will appear here over the next week or so. evening update - only another 9970% to go now. Sunday 7th March Saturday 6th March I meant to post this article myself, just ran out of week... Who owns South Africa? The Great Inflation Train Wreck Time was I'd 'a' had the above on CT but I am simply overloaded with work. Fri 5th March Good day all round. Have a nice weekend. I've posted enough charts this week & have other fish to fry... Thu 4th March We have a new poster @ G-E : 'Texasgold' : who has made an immediate impression with his cutting analysis of the global bond market which shows a coming implosion. I suggest you check it out here >>>>>> Wed 3rd March Sorry - can't chart silver today - but you can here... Tuesday 2nd March Enron II : Parmalat decoded by EIR 'The Economist' on Fraudulent Fiat US national debt tops $US7 trillion for first time Sun 29th Feb New on HNA (Holistic News Agency - see top bar) - Grand Pre on Alex Jones - plus scroll down left sidebar for some red-hot Skolnick<<<< Fri 27th Feb Thurs 26th Feb Back after server maintenance (about which I was given no warning). Have some charts lined up for you including important short-term gold & silver observations - will try to post tomorrow pm. Goodness - silver IS getting volatile. Do you think maybe COMEX are having DELIVERY PROBLEMS? Tue 24th Feb Mon 23rd Feb Sat/Sun 21st/22nd Feb Big day tomorrow - I will be monitoring the action carefully. Greenspan testimony points to deepening US fiscal crisis Oil Production in 42 Countries Fri 20th Feb UK a.m. report. The dollar bounce is still with us. So far it is a pretty feeble affair. I doubt it will even reach the levels shown by the pink curve on the Pyramid Selling chart in GOLDOLLARAND. Tuesday next week a tranche of silver options mature. It is rumoured that this time the result will be that much physical (as opposed to virtual) silver is going to be demanded. It remains to be seen what happens on the COMEX, but the margin for silver (and copper) has just been raised, in anticipation of - what? Last 2 days saw PMs give up this week's gains. FAN.TO hit new highs yesterday, becoming my third largest holding in the process. Tue 17th Feb Busy charting yesterday. Today went to London to meet Falcor III of Gold-Eagle & Treasure Chests. Thanks for the great meal, pristine company, stimulating chat & goodie bag! Was surprised to hear that Capt. Hook is also into HIF.L. I thought I had that one all to myself.... HEV.L popped up last few days after I had lost patience with it. I'm back in with a smaller allocation at a higher price. Grrr. Trying to work out right now when to add to silver futures. Silver not too shabby this week so far. My stocks are up - hope yours are too. Sun 15th Feb We don't do Valentine's Day here. Pick the bones out of this.... Fri 13th Feb Today I shall be mostly looking for a new vehicle.... Thurs 12th Feb MNMM, SSRI & CDE pick up the scent.... Wed 11th Feb CZN.TO makes its move... Bush seeks $1 trillion debt boost Tue 10th Feb updated... HIF.L probing 2-year high this a.m. Is this a prime candidate for an island reversal of HUMUNGOUS proportions? Mon 9th Feb In here you will find why I bought more GSS and VGZ today. I sold WHT on some story about insider selling flagged up on the G-E forum. I don't want to be left with a bag. Now WHT will probably explode from here - but so will the stocks my proceeds will be invested in tomorrow. HIF.L is going to have to work hard to meet my Valentine's Day target of a spike down to 5P. My upside targets still stand. Sat 7th Feb All systems go?
Friday 6th Feb Today was big excitement. We have breakout ahead of the G7. Looks like we are headed for a triple-top. But will it be a triple-top breakout too? I have updated UAXAU - and have even more to put into it. Worth a look IMHO>>>> Bought some more BWR.TO today. Irresistible chart. Shoulda bought even more THT.TO. I'm not going to chase it. Am now 98% PM loaded. 250+ here we come (I hope). Competitive Currency Devaluation - Marshall Auerback Thurs 5th Feb Yesterday was a big yawn. Noticed THT.TO up 10% though. Only another 9990% to go.... Some more symmetry charts will appear here over the next week or so. evening update - only another 9970% to go now. Wed 4th Feb IMO
we are in the doldrums as per HUI reflection (see earlier post).
The pressure is off for a few days - a little light trading
around the edges - but the most important thing for me is Tuesday 3rd Feb Yesterday silver hit its 50% $6.00 Fibonacci support level. Enough retrace already, or is there more? Will work on it. BTW the HUI 'Mirror' charts are constantly being refined by me - I will try to get the current version up later today - it shows we may be quite close lift-off, though I expect one more dip first. Monday 2nd Feb The big news today was silver getting trashed. The silver shares, however, largely shrugged this off by close of play. Perhaps they know too much?..... Sunday 1st Feb I will have more to say about the above research later. Friday 30th Jan All quiet on the Western Front ahead of G7. Dollar bounce (USDX) in jeopardy after some unruly US economic stats. Nonetheless I expect it will get above the 50ma Rubicon it has yet to cross. Wise words warn us to prepare for a bout of $350 gold. I doubt that very much. But a little threatening pullback into the $390 region might shake some GSS & BGO shares into my waiting basket. We will see. Keep an eye on the site on Sunday - much should be revealed... Postscript The MNMM story - mysteriously dipped from $6.31 to under $6 at close of play - only to bounce up to $6.50 in after-hours trading. Poem Silver is going to fly. I need some SSRI. SSRI have their eye on MNMM (allegedly) Thursday 29th Jan Heavy snow in much of the UK caused the usual havoc last night. Yesterday SMs tanked, silver was up. Today the PM complex was hit. We are now it seems about 1/2 - 2/3 of the way through this so-called correction. CDE filled the $5.30 gap pointed out earlier. Still waiting for GSS.... Looks like the HUI will chop up again tomorrow, but don't rule out a final swoon next week before....VROOM. And watch out for signs of silver short-covering in February. VIRUS ALERT! FAST SPREADING WORM W32.Novarg.A@mm is a mass-mailing worm. The worm will arrive as an attachment with a file extension of .bat, .cmd, .exe, .pif, .scr, or .zip. The worm also contains functionality to perform as a proxy server. It listens on all TCP ports in the range 3127-3198. The worm will perform a DoS starting on February 1, 2004. On February 12, 2004 the worm has a trigger date to stop spreading. Microsoft offers a large reward for information leading to the arrest of worm writers. New check on Japanese bad debts US budget deficit reaches $500bn Tuesday 27th Jan US PM stocks are looking good! HUI did give up some into the close, though. Silver responded to the inverse H&S that I pointed out on the FOREX chart at the end of last week. Despite today's positive action I think we may have one more short sharp pull-back before the REAL launch of the spring offensive. However - better to suffer the pull-back than to miss the next up-move. All IMHO of course. Monday 26th Jan UK PM stocks are looking good - POG.L gapped up 11% and I missed it!, HIF.L consolidating a flag (7.63 now). POG.L now at LT uptrend resistance - either it flies from here or it will have to 'fill the gap'. Watch out for signs of an island reversal.... TVI & FAN took a hit today, and the SM pump is in full speed ahead mode and damn the torpedoes... I think a short sharp bout of retracements may be upon us after all, but the recovery will be swift and very dramatic... I wouldn't sell at the bottom (when/if BGO is under 2.5). Sunday 25th Jan http://www.rabbie-burns.com/index.cfm We had a fine time at our Burn's Night - I suffered for it later - and the web site was down in sympathy! Some problem at the hosting service. Saturday 24th Jan Today I will be mostly doing accounts & filing tax forms. http://www.comstockfunds.com/index.cfm? Friday 23rd Jan Everything except the $ drifted down. The PM bears are still in the ascendant. Gold may have to test $395 etc. IMO May silver should hit $6.70 next week. If U want to bail out, that might be a good time. There are quite a few updates in several of the Charticles below. FAN:TO up to $1.20! Nice. HIF:L rise has stalled - hope it resumes next week. GOL.L up 6% days after I sold. Rats. Thursday 22rd Jan evening summary. We have been chopping sideways this week -with a few swings & roundabouts. Thursday we saw an end-of-day PM sag. I hear even Harry Schultz is calling USDX 92 and a PM correction. A higher USD might hit $gold, but the SA's operate in Rand. My silver 2 cents.... Top PM journalist for promoting gold? TREASURY RENEGES ON 30 YEAR BOND HOLDERS? Tuesday wassup? Everything except Ag physical. Hope U noticed.... More Charts from Monday ... some resolved today - see 'island reversal' ...I have updates for some charts & more to post - but I'm knackered! Goodnight. Gold correction analysed by James Turk 19/1/4 NY Closed but Canadians showing profit so far. Silver spiked down to Fibo support level as posted in Turning Point ...
18/1/4 OK Here's the vibe from the GE Forum - Saturday started with some bullish prognostications - but by evening the bears had the upper hand. The consensus seems to be - a final SM blow-off as the $ bounce continues and gold & PM shares correct - Gold to anywhere from 350 - 395, HUI to about 185 (that would correspond to the 175 spike down I warned about in the autumn of last year - since it was to a rising S/R line.) No -one seems sure about silver. So let's examine the evidence.... US$ plunge could lead to full-blown financial crisis Fr 16th Jan Nothing happened today. Go out & have a good weekend. By Sunday some clues will be posted here - in time for trading. Thurs 15th Jan Silver closed right on 38% Retracement support. HUI on 219 and XAU on 98. In other words as I predicted yesterday. SSRI bounced off strong support, DROOY was up on the day and HIF.L is now at 7.38 with volume. We took it on the chin and are still long & strong. Into battle tomorrow! See Charts not Art Vol. 3 Wed 14th Jan May I direct you to these charts. last
week rodin
HUI The 230-ish bounce is being predicted now by savvy posters on the Gold Eagle forum. More when I return from work.... (later) ARGHH! Silver down a lot! Looks like we have the 230 retrace. Should (hopefully) launch from here. I am rebuilding the balance of my DROOY futures as we have completed a 38% retracement of the last move. More at the end of the day. End
of day summary 1)
Open up & away tomorrow (Least likely IMO) Rally from there. Or - 3) Grind down to bottom support to complete symmetrical HUI pattern. http://www.contrarianthinker.com/HUIGE.2.gif Monday & Tuesday TA watch Mon TVI & FAN up Tues Down. End of message. Churning really. Big news I suppose was SM tanking in response to Greenspan's comments on Euro etc. DROOY might do a fibo retrace or shrug off today & launch tomorrow. I tried to re-scale a position late in the day but the internet was 2 slow. BTW MNMM was UP of down Tuesday - usually a leading indicator. IMF sees collapse of the dollar as real possibility I think Vialls is wrong here...
Sterling at 11-year high against the dollar Poor U.S. Jobs Data Send Dollar Sharply Lower 'Accounting Problems' In Major US Economic Indices Dealing with Deficits and Debt - Endgame analysis Former Treasury Secretary O'Neill Calls Bush a 'Blind Man' Lowering interest rates all round while inflating global FIAT money supply - what with BOJ inventing trillions of YEN just to stem the dollar's descent things are looking a bit terminal for the value of FIAT. No wonder the CRB index is rising. Oil crisis anyone? Shell makes shock cut in oil reserves estimate Weekend Commentary Silver
triangles (prediction from mid 2003) - going according to plan. Thurs 8th January HUI up again. I wonder if we will get a spike down tomorrow to 232 - just to shake off the last of the nervous nellies before we head over 300 ... if so I will be LOADING UP on SSRI futures at a presumably bargain price. Might add some more DROOY also. Falcor III posted a nice piece today on GE Jan 08, 15:22: Here's the chart...DROOY FLAG FIII Gist is - as goes little flag so goes big flag - a fractal thingy (like the CRB chart in Charts not Art Vol.2 I reckon I got in there early with Stealth Wealth though FIII's P.O (after $6 & re-test) is a bit higher than mine. Actually, my LT PO for DROOY is close to $three figures. (BTW I never did figure out how all the pics in that article drifted over to the left margin - I blame Bill Gates.) MNMM saying good things about the future POS... And little APQ.TO up 8%... awwww. And what about Hidefield http://finance.yahoo.com/q/bc?s=hif.l&d=c - the volume on this stock is most uncharacteristic (up on the day). Wed 7th January Back from work & seeing red. My present policy is simply to leave my shares alone (other than a little rotation) on the grounds that trading stocks has less cost-benefit than working my spread betting portfolio. Stocks attract 40% capital gains tax, unlike spread betting. BTW HUI took a beating today (down > 3% ). Thanks to Alan Quinnel for this heads up - apparently the gap was filled on VERY low volume.... Gap (CALVF) Gold and especially silver hit new intra-day highs yesterday before retreating. HUI gave back half Monday's gains on Tuesday, with my UK portfolio and especially TVI Pacific keeping my total share portfolio in the black for the day (just). Added APQ.TO to my ISA account yesterday. Tuesday 6th January A.M. action - PM's holding onto gains. I think the moment I knew we were in for a rally in PMs was when silver bounced off $5.40 (as I had predicted) in Asia during the first few hours of trading after Saddams's 'capture'. (On the GE forum I posted a comment that if silver closed over $5.50 it would never fall below $5.40 again). I thought - if playing their Ace didn't collapse the PMs, nothing will. After all - all the other potential surprises are going to be gold positive. Maybe if Osama is captured we might get a blip. I don't know. In any case I equate Osama with Emmanuel Goldstein from 1984 - the Military/Industrial/Banking/Chemical complex's necessary universal adversary to justify increasing population control. Now I must go off to look for my car keys (I really am the absent-minded professor) Monday 5th January The Neo Year does seem to have started with a bang (thankfully metaphorically speaking). Monday was my biggest profit day ever - helped in no small measure by backing DROOY heavily when the chart suggested a breakout and the price was two bucks and change.... Now don't say I didn't warn you... FAN.TO was also good today, but MNMM up only a measly 5%! There MUST be a lot of potential energy in that stock, when you look at the way SSRI has been performing of late.... Good analysis of the ME situation. The hopes and aspirations expressed are admirable and well-thought out. However the writer does not seem to know that at least nearly half the 19 'hijackers' are still alive.... AMERICA AND THE MIDDLE EAST AFTER SADDAM Parmalat: US banks caught in spotlight Fascinating stuff!!! Highly recommended reading.... George Soros latest broadside... '...The terrorist attack on the United States could have been treated as a crime against humanity rather than an act of war. Treating it as a crime would have been more appropriate. Crimes require police work, not military action.....' '....Terrorism is not new. It was an important factor in nineteenth-century Russia, and it had a great influence on the character of the czarist regime, enhancing the importance of secret police and justifying authoritarianism....' The Bubble of American Supremacy Wednesday 31st Dec Bought & sold DROOY futures to make a few more ££££s in swing trading. Let my SSRI get stopped out for a tidy bonus and am now keeping an eye on a FOREX spike showing Silver @ 5.45 and Gold @ 4.06. An anomaly or a 'signal'? We will see.... Tuesday 30th Dec Yesterday was a big up day across the PM sector. DROOY up 9% with much more upside to come. Read what Captain Hook has to say about it, and gold, and silver, and the fate of fiat... Today we treaded water (mostly because everyone is away) and already I hear ' Have the stocks priced in 420 gold?' - 'Is a top in?'. For goodness sake - we just put in an interim BOTTOM solidly held @ HUI 224/5! The wall of worry we have to climb is obviously intact. This is GOOD. Remember - when the person in the street starts going on about gold - THAT is the time to sell yours to them..... BTW DROOY, SSRI & MNMM strong into the close..... and FAN.TO up 9% - after one or 2 soft sell recommendations (not by me!). On another note I hear that the disappearance of Beagle on Mars is now being blamed on a HUGE CRATER that has JUST BEEN DISCOVERED at the landing site. Ridiculous! Are they trying to say THEY DID NOT SURVEY THE SITE IN ADVANCE? WIGO? Monday 29th Dec Following the 10% jump in the likes of MNMM, CALVF & other US miners on Boxing Day we could see a short covering squeeze when markets open on Monday. I will try to post some charts (definitely not art!) later to give U an idea of what to expect. Meanwhile visit & vote for smsc @ Stockcharts (see link below) for the biggest & best (& possibly only) range of charts illustrating the application of 'Rodin's theory of logarithmic chart frames'..... Beware the silent danger that threatens Britain plc Congress authorizes Ashcroft to track gold in the U.S. This article paints the bigger picture of which Saving Private Banking was one possible aspect. Though another 'thought' piece, it rings true..... On 13th December while all eyes were turned towards Santa Hussein's exhumation, the American constitution was being buried.... The Cutting Edge Weekly News Update Everything is now in place for another 'terror' attack scenario. Then it'll be goodbye to the last vestiges of liberty. Protest Music Matt Johnston (The The) warned us about the veneer of democracy starting to fade, and of all the world's little wars joining hands - two decades ago. Our school's carol serviced closed this year with the kids performing a moving rendition of Black-Eyed Peas smash hit 'Where Is The love'. An inspired choice. Monday 22nd Dec Quiet start so far.... Along with my usual PM portfolio I am long SSRI and DROOY and short the NAZ. We will see. Later that same day..... Freight Train Strain on today's DROOY breakout Weekend Roundup Sell off of HUI continued into week-end. Now at crucial 225 support level. If the metals start to weaken appreciably the could see a bounce off 195 before the up-trend continues. Still looking for the start of the blow-off phase. Interesting Wednesday The metals are strengthening (not surprising to me as I am calling for $9+ silver in the new year) as the PMs dither. I sold GG last week (because I wanted more DROOY). GG's CEO sold some of his stock yesterday - much to the consternation of the share price. Much discussion on the G-E forum- is gold going down? - does he know something we don't? (Bit about 170 spike in HUI that was up for a couple of hours was nonsense - sorry - spike was actually down to 225 - a Fibo/trendline support level) DROOY beginning to show a bit of muscle. Rand weakened a little as gold strengthened. One of these days..... My DROOY position is now substantial (for me). I also added some more CALVF. Tuesday was a drag... Did some portfolio tinkering. Not much 2 report really. Actually I have some great PM stock chart analyses right now, but they aren't traced. And what's more - I'm too busy to bother this week. It's Christmas for goodness sake. Short summary - The direction is, IMO, up. Exhausted Monday I really must get round to filling in those tax forms, but first - Today's action has been exceptional! Mot much happened. SM declined a bit, HUI up a tad, Silver nudged up & gold about unchanged. So why exceptional. Because 1) Saddam card was played 2) 40-week gold cycle bottomed 3) The TOC was in I spent HOURS poring over data preparing my post-Saddam PM defence strategy - and I might as well have spent the evening in the pub. I repeat. NOTHING HAPPENED! AMAZING! Saddam Captured Update Up early this morning to prepare for trading. First up - check gold & silver - to find they have largely recovered. Gold bounced a dollar above 400, but it is Silver that gives me most confidence. As a result of research done for This Article I informed the forum that I thought after a $5.50 close on silver we wouldn't see sub $5.40 again. Now, I may still be wrong about that, but the bounce off $5.40 last night was - dramatic! Saddam Captured On 4th December I wrote in Money Sink '...I am bullish PMs short-term - at least until USDX tests 87.5. We might have a rebound there to 96, with a corresponding drop in POG (but not as much as many think IMO), but not before we decisively take out 410 IMO....' Well, we took out $410 last week, and the USDX got damned close to 87.5. But what could cause a bounce? The stocks seemed to sense something was up - a jittery down week even as the metals strengthened. SM rally into the week-end too - DOW 10,000.... My guess is the Saddam news was being held back UNTIL the weekend... When the markets open on Monday 15th December it is likely that the dollar will be up - pushing silver and gold down. Gold in particular may also lose some of its 'safe haven' lustre temporarily. We could be looking at a $365 worst case, though I doubt it will get that bad. PM Stocks had half-anticipated this - and there may be more down side to come (check out HUIGE - possible 170 bounce target?). SMs will rise as shorts cover. Then, just as unexpectedly (unless you are watching the HUI when it does indeed hit 170) another 'event' will probably happen. BTW credit to former GE Forum poster 'Atlantis' for the best call of the year - beware the Dec 15 gold cycle low. I don't think even he was counting on something as 'drama'-tic as this to pull off his prediction. Make no mistake, this Private Lynch-esque affair is going to be played up to the hilt. I have some dry powder to pick up any heavily-discounted PM shares. My low bids are in. So, IMHO, are the bids of the cartel of gold derivative holders. BTW - Dollar up, Rand down, as we leave the TOC area.... 'James
Turk has followed certain shifts in definition by the I wonder how 'Deep?'... Not for the intellectually lazy .... How the City of London caused the Great Depression Natural Gas Price Soars 46 Percent Dollar Plunges After Consumer Data I will be updating HUIGE! regularly - er - make that provisionally definite. Perhaps
a gap will open up in the HUI in a day or 2 that may not be
filled until we re-trace from the upper rail.... IMO
there are two possible short-term scenarios leading to one
eventual outcome... a much higher HUIGE Thursday 11th Dec : Choppy Waters There have been plenty warnings that a correction was coming. Whether the correction was triggered by 'Nervous Nellies', long-term cycles or manipulation behind the scenes, it is upon us. Some stocks seem fairly immune - smaller 'off the radar' stocks like (I almost started a list - but if I do list 'em TPTB can target them so I won't right now - you can find them if you search this site & DYODD). Fibonacci retracements are repeating phenomena in markets. If this correction IS one, expect the HUI to drop to one of the following 200 > 185 > 170 From the retracement expect a rapid bounce to new highs. Missing the up-move will prove expensive. My plans Hold onto stocks that have either 1) retraced 'ahead of the pack' or 2) been basing for so long they might not retrace at all. Trade my other stocks on the basis of limit sells & buys. There is money to be made here. Most of my Christmas shopping is going to be in the markets.... Good Luck! PS I can't see how this can unfold without POG co-operating by falling below 400 to scare PM inverstors. BTW The gold & Silver charts posted below could easily be construed as 'bearish rising wedges'. Caution is advised at this juncture.
Wednesday Dec 10th - The daily chart above (traced from candlestick - line from top to bottom & vice versa) shows 4 S/R lines. IMO the lowest is unlikely as I am looking for the completion of an inverse H & S. My money is on the dotted blue @ $5.50... The above was written pre-Wall St opening. Since coming back in this evening I notice I have lost a few pounds in my portfolio.. HUI watchers should check out HUIGE update today (top article). Tuesday Dec 9th - PM Shares down (HUI back @ 245), DOW down, Gold & Silver UP. Does not compute.... Oh yeah, CZN bounced back up and MNMM rising again.... thinks... these are shares for SMART investors running ahead of the game... will check 'em out again tomorrow. AVM was well up 'til this nervous Nellie HUI selling started, prompted by those negative letter-writers looking at linear charts and MACD - a useless (lagging) indicator when rocket moves are around the corner IMO. Work rest of week, so probably no more charts for a few days.... Monday Dec 8th - this could be the start of a big move for gold? Silver up today, Gold strong, dollar weak, PM shares moribund and DOW up 100 in the teeth of a 3% NIKKEI sell-off. Work that one out... CZN.TO hit on dilution issue - see Hommel. JS makes much of strange 'quiet' wars in the ME causing dollars to be dumped. I like the chart of UK:AVM. Going over £1 IMO. Comment: the dollar pump is keeping SMs and Gold up artificially. Gold should be at the bottom of the 8-week cycle now and rising, the stock market should have topped out. Gold is entering an up-cycle now - this will take it to 440 IMO, where it should build the right inverse shoulder needed to complete inverse H & S. The only way is UP. However, the dollar might (I say might - especially after looking at a 20-year chart where the previous $ sell-of did NOT have a right shoulder) have a bounce from 87.5 as per Money Sink. This would have the effect of raising the $ versus the Rand during a gold upsurge, helping SA miners enormously. We will see....
Herein lie the Charts of SMSC Give him your vote If U like what U C
George Soros - Imperial Wizard/Double Agent? South Korea goes into free fall
Adam
Hamilton calls for a correction Adam
is rightly massively bullish on PM's going forward, and
expects a series of these big run-ups in the PM's over
the coming years. He is right IMO. He also has noted that
structures repeat on an ever-increasing scale going forward.
Right again. However IMO a log chart is the proper way to view
these structures now Since many like Alan are calling for a correction, it may happen. However I think the HUI has NOT entered its interim blow-off stage yet. Some of you may remember me calling for HUI 275 and think we are almost there – time to bail out. Well, 275 is taking longer to come about than I thought – and that couple of months makes all the difference on a log chart with a steep up-trend. When the HUI peak starts looking like the big brother of the previous two HUI peaks on a LOG chart I will be divesting a portion of my PM shares & looking to buy more physical. I use spread
betting in the UK to trade futures. I have around 5% at stake
right now in this highly leveraged market. (I am otherwise 50/50
stocks & metal - up to the hilt) Wed Dec 3rd Many expect a short pull back before Christmas. This may become self-fulfilling. On the other hand there is a strong possibility of a run up from here. I will risk a short term loss to stay in the game at this juncture. Perhaps I will swing trade a bit if I have time.
Friday 6th Dec - HUI down 8 points and change yesterday. PM shares shaken from a few more weak hands, I suspect. Yesterday I bought DROOY futures in anticipation of a 500% run-up. On the other hand there might be 20% pull-back. Those are my kind of odds. And I tell you what, if DROOY fills the gap down to $2, I will be buying more! Wednesday 4th Dec - HUI down a couple of points - just as well - it was begining to look like a blowoff, MNMM chopping in the $6-7 range right now. I see a symmetrical triangle forming. Dec. HUI keeps making new highs. This could be the start of the rocket moves.... FRI 28th Nov. I was showing my 10 year old son the triangles in the silver charts - his comment? 'The only way to get that pattern is if the charts are rigged!' Perceptive lad. HUI hit new high - nearly 250 now. My targets are 275 and 400. THU 27th Nov. America closed, but TVI.TO up another 21%. This stock could go mega? I also like the look of the American Beauties... When are the UK Small cap miners going to take off? BTW - the silver charts show a sizeable price surge coming up as per the Isoscoles Triangles chart in Triggeronometry.... WED 26th Nov. As U R probably are aware - new interim HUI high (240+) going into US Thanksgiving holiday. I would not B surprised to see 400 HUI in 1-5 months. I would, however, be selling you my PM shares by then. MNMM up a lot again (good) also WHT CDE CAU and just about ALL my stocks except GXPM (currently contrarian par excellence - used to be MNMM that ran counter to trend). Having said that GPXM is doing OK. PMU up a bundle today - hot tip from a 'Rodin' contactor. I can't buy everything. Message to Roger Z. Have not forgotten U - more later. P.S. I have made some astonishing T.A. discoveries of late - am now looking for a great calculus T.A. expert to consolidate a joint Nobel prize in Quantum Geonomics. Apply within - especially if U R from Warwick University maths dept. BTW silver is going to $9 next year. Get on board.... UK PATRIOT ACT Goodbye civil liberties - hello imprisonment without trial, confiscation of property, evacuation and quarantining powers and total control over the media. If this site disappears, it will NOT be because I haven't renewed my domain name.... Sweeping new emergency laws to be enacted this week to counter UK terror This after.... General Tommy Franks calls for Repeal of US Constitution Pentagon Wants To Scrap Democracy In America Looks like some sort of end-game? Not only courageous & principled, but sharp.... READER: Can anyone provide me with a list of International Treaties Bush has destroyed since in power? This list needs to be shown to all the Bush sympathisers in the UK. WRH: I'm sure Tony Blair has already seen the list. It is also time for the SMs and the PMs to revert to type - by moving in opposite directions.... U.S. inventories rise for first time in 6 months ...but with computers holding up the markets.... Anything's possible - for a while. Still, "You really have to worry because these are the worst figures we've ever seen."... Insider selling at a 10 year high! Is the Washington Agreement a Fraud? ...A VERY strong case is made for Bullion Bank gold sales not being sales at all, but acknowledgement of previously made sales at best, and outright fraud at worst. A super-strain of the Enronitis virus? ...What let the silver side down was ultimately the leveraged futures contracts - once the silver price bubble was pricked the debts on future purchases broke the silver bank. Today silver is 1/10th of what it reached in 1980. Today there is a silver shortage the activity of futures traders is hiding this fact from full market exposure. But not for much longer, IMO. Many investors rather than a few large ones are beginning to realise the value of solid, as opposed to paper, silver in the event of a monetary collapse. With our Silver In Store facility you can have real bullion stored in a former Englehard vault in the UK owned by a family of bullion merchants who have been serving Jewellers for 225 years. Note - $50 silver would equate to £30 here. Week beginning 10/11/2003. My little dabble in UNCN.OB was short lived - nothing to do with share action - all to do with broker error! Damn! Up 100% too!!!!! George Soros: Bush, Sharon policies inflame European anti-Semitism The fact this little number on Rumor Mill News got about five times as many hits as any other post .... World Stock Markets are Heading for a Crash-like Collapse ..... indicates how seriously the subject is being taken. Bankruptcies reach record high as debt overwhelms consumers Mutual Fund Scandal Keeps Growing - 'A Cesspool' Real Estate Fire Sale?.... The Collapse of the Middle Class U.S. Worries About Russia Freezing Assets Perle: Exclude Russia From G-8 After Tycoon Arrest The next 2 items are connected.... Hmmm... Monday 24th November HUI down 5+ to 230. MNMM got hammered down 13% from the top rail to the bottom rail of the rising wedge today. So much for the inverse H & S! This 'storm in a teacup with handle' should pass quickly. MNMM will either bounce up tomorrow or meet support from a rising bottom channel rail at around $4.80. Many leveraged PMs over-reacted to Mondays moderate weakening of POG (silver also down but up into the close). TVI looking strong, as is SRB. I guess many traders are keeping a weather eye out for a surprise TOC. Due about now or next week if at all. Then we really should be off to the races....as you can see from HUI Views (above & on G-E) I am expecting a skirmish with 400 by spring, and possibly by 1st Jan 2004! Now that WOULD be nice. Saturday 22nd November BTW - I rotated very little of FAN & TVI (they are strong holds IMO) but more of AOT. I have had a few more tips in the email that I'm studying at the moment - will post when ready. MNMM gave up some very recent gains last 2 days - will keep an eye on next weeks action - just normal action so far. Wednesday 19th November Well, we touched $400 last night (see above). HUI took a hit - until it closed UP at the end - another NEW HIGH! Last night MNMM was mysteriously hit after-hours into that wedge. Just as mysteriously, it popped right back up again at the open! Here MNMM we have a text-book case of testing former resistance (now support) before we launch again tomorrow! (Up in after hours trading tonight). OK That's enough on MNMM for a while unless it does something unexpected. Next bulletin will be when it overtakes SSRI... CALVF, DROOY, CAU, VGZ are all looking likely. Only GPXM seems unsure which way to jump - maybe it has gotten ahead of the game. I am taking a fresh look at the HUI tonight. I want to firm up my PO & TO going into this blow-off. See you later... Yesterday rotated some TVI/AOT/FAN profits into GQM.TO and CZN.TO (better late than never - and it was a dip). Tuesday 18th November HUI
closes at all-time high - 235 Monday 17th November TVI Pacific (25%) & MNMM (12%) did well today despite HUI being bopped... We can see why TVI took off... ...But why did... .....hold onto 12% gains in the teeth of a silver bop going into options expiration? Because it is worth more than it's present price (See Jason Hommel's F.A.)- and because it has closed above the 'bearish' rising pennant. It has also completed an inverse head & shoulders. If tomorrow confirms, I think we can begin to discount other 'bearish' rising pennants too. It is time to move into 'Concorde' mode... Friday's Action Pretty good from where I'm standing. Unable to participate fully in the PM drama of past few days due to pressing OFSTED inspection next week! Am on top of it though, and hope to post some INTERESTING STUFF THIS W/END. Sorry to be so boring, but MNMM went up a lot again.... Thursday's Action The Nikkei was down over 2.5% last night, and that's before UK interest rates rise later today. Also I've been trawling thru Hommel's list again, and there are some bargains to be had in there. More later.... Wednesday's Action We let off a few fireworks tonight. The boys were thrilled! PM's pretty quiet, FAN.TO up even more - I wonder if it will hit previous highs? TVI wobbled a little, but is still well up. Overall HUI down a tad, my porty up rather more. MNMM grinding up and - better news - that bearish triangle is beginning to take on the form of a up-channel. More as the days go by. DROOY is still building that right shoulder - breakout is not imminent (probably).... If it closes much below $2.60 I may have to re-appraise - but I noticed it dipped below support on the way into this stealth diamond - so no surprise if it does something similar on the way out.... Tuesday's Action MNMM back up 7% at time of writing (triangle support bounce as predicted), TVI holding (a very good sign) - yesterday's gains were made on HUGE volume - silver up 8 cents (4%) at time of writing, gold up $2. Interesting times for PM investors... A word about the KITCO charts Gold and silver are priced in Sterling. However, the + or - figures relate to the current DOLLAR value! Clock on the chart if you want to go into Kitco for more prices.... Monday's Action MNMM down 15% TVI up 30% Ag & Au hit hard Right! This is war! No way should silver be back under £3 or $5, interest rate hike on Thursday or not. This bop was designed, among other things, to try to push MNMM (jammed at upper resistance for a few days) out of the bottom support of the 'bearish' ascending triangle, thereby discouraging Ag investors. Well, it didn't work. The 'dramatic' fall in MNMM was only as far as support within this short-term ascending triangle. In fact, maybe TPTB did me a favour - because now it can bounce up again with enough momentum to finally break right thru resistance! (Perhaps this was just the cocking the pistol needed). The world now knows how undervalued many (not all) silver stocks are thanks to Jason Hommel's FA - and investment reality is bound to catch up sooner or later..... MNMM will be the MSFT of this decade! I see gold got hit too .... COT trying for a TOC in November? Only to be expected absent a cycle-breaking event (a possibility higher than many believe). If gold hits $360-ish it could be time to buy futures again. Mind you if THIS is significant info, maybe physical would be a better bet? I find this useful for swing trading.... I cannot deny that some PM charts are giving short term bearish signals, the topic du jour on Gold Eagle Forum. MNMM (my most profitable stock in the last 12 months) is looking into a potentially bearish rising pennant formation. Then again, there must be a swathe of newly-aware investors awaiting just such a pull-back to get into MNMM. They will not be buying my shares. I have way too many PM stocks right now. Such diversity minimises risk, but it also mitigates against big swings. My guess is that now is the time for certain laggard juniors and micro-caps to take up front-running. T.A. Watch A series of one-(or two)-liners on observed stocks - we will see how the TA predictions go by Christmas. More later & Often. Not investment advice - DYODD. 29/10/03 Golden Band has broken out of not 1, not 2 but 3 significant triangles. Inverse H & S predicts 70 cents in short order. Farallon Resources is testing shallow descending resistance (now @ 60cents) for the 4th time in 4 years. PO $1.60 near-term. Much much higher later. Goldspring sprung today - has been 100 times higher. Giant teacup with handle. 22/10/03 Ascot Resources Set to break out of symmetrical triangle to upside after treading water all year? TVI Pacific Already on Hommel's radar and you can see why.
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