Loading ...I’m still holding both of those and many more. I’m ready and capable of weathering the storm and if we get a final flush - I’m going big time shopping at that point. I’m just real nervous though about this SM. If it heads down for a final plunge it could be a doozy. The type of drop that will be mind boggling. Usually that final drop is where they take the high fliers (i.e. commodities in this case) out back and also blow their brains out - next to all the dead corpses.
Of course it is my fault - I always get blamed for the bad stuff but never get credit for the good. That is some kind of rule I believe - it must be - because it has always been that way! 
My answers to your question will always be based on those two axioms
The cdnx:xau weekly is about to go over the rsi trigger line/50. It was up 4.2% today and has pd in the rsi and macd(something Rambus pointed out last march also) So this time could be no different as well but it is there to consider.
Soee, yes if I was a depressed schmuck then I am a smoked depressed shmuck now, waiting for news like this to get Cyp and Syh going. A glimmer of hope?
www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=23698393&l=0&r=0&s=CYP&t=list
anyone heard from wanka lately. maybe he is trying to avoid the inclement weather.
rno
From Kitco site.
Sorry if already posted here but I thought it was interesting: http://www.youtube.com/watch?v=BNlZ3W-PejA
Yeah there was a lot of bad blood that came out of that top. I call it the ‘cursed top’. Especially us guys holding lots of juniors and trying to explain for months to nimrods that this bull was a bunch a baloney for many of us. ”Ohhh you just picked the wrong stocks ya idiots.” or ”You should have just bought physical silver - keep it simple.” Never even any acknowledgement that things did work out as they thought they would (promised).
the usdx has a five point rpw down. the sell signal has not been executed yet and may come from much higher up, but time is getting short, i fear. the impending reversals may only be short violent corrections before they resume their former trend,but we never know how the interventionists are going to react. ya just gotta go with the flow.
rno
-> Posted by floridagold @ 22:37 pm on March 14, 2008
Good Night, our first night of sleep with
$1000.00 GOLD
bwa ha ha ha…..it’s his fault!
It’s interesting reading the posts at the march top. Mostly your puts were not called out by too many, just the one mostly. Otherwise it was the most somber top in hui history. The hui gold ratio says it all, declining since november..as gold went thru 1000, no one really said much about 1000,uneventfull.
…why are you listening to a bunch of know nothing Permabulls ….LOL
…I’ve a good mind to fly out to Denver and box your ears…
have a bl;ast you guys….
i measured from the top of the head to the neckline to get my prjection to 674.47 not 650.00.
i guess you could extend the bottom line of the triangle if you want it may show to be some sort intermediate support.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=D&yr=2&mn=6&dy=0&id=p93590240120&a=70354764&listNum=7
Protester being dragged away by a cop at the RNC gets some help.
I guess the pepper spray now comes in the super spray bottle. Clip about 40 sec.
Bill,..
I fear that anymore technical analysis I send to you and the Midas team will be given the dis-regard it probably deserves, given that most of my analysis of oversold conditions etc. did not stand up to the recent market sell off,.. Needless to say, not only do we have now a very short term oversold position in gold, but we also have another technical indicator which has always proved very positive in the past,..
Below is the graph showing the ratio of the Commercial Short to Long position,.. As we know the commercials, these last few years, have always been short the gold market, however they do from time to time reduce these positions significantly,.. Rarely does this ratio slip below 2, but when it does it has always proved to be a very good buy indicator,.. In a recent commentary from late July, I stated that this tended to coincide with Gold falling below it’s 200 MA and it appears that this time is no exception,.. As you can see from the graph below the ratio now sits at 1.95 (from the latest COT data available which relates to August 26th),..
I have as best as possible outlined, with red blocks, the corresponding ratio dips against the gold price,.. The 2 graphs speak for themselves,..
As one can see,.. Since 2003, each time this ratio has fallen back to 2 it has been a signal of a bottom in the gold price,..
Given this together with the strong upsurge in physical demand and the extreme short term oversold conditions of many commodities and the currencies, I would like to hope that any further major downside to the gold price is unlikely in the near term,.. Of course, looking at it from a different perspective, if I was sitting on the sidelines waiting to take a position in the precious metals, I’d be scrambling ‘like a screaming nut’ at the opportunity this latest sell off seems to have presented,..
‘The futures bright, the futures yellow’,..
Best aye,..