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  • Over the Past Few Days, The Story's Been Gold [View article]
    Sorry, that's "Gold" in the second line above, not "Golf" (where the damn "Edit" button when you need it?;-))
    Sep 04 18:31 pm |Rating: +1 0 |Link to Comment
  • Over the Past Few Days, The Story's Been Gold [View article]
    I love the way my (stubborn) investing pal, whom I have a coffee bet with (loser buys the winner a Starbucks gigantic grande late' with cream on top) figures Golf can't go past $1,000 because it tried to several times and failed, (the old, rear view mirror approach) and that the Short-sellers "won't let it." BWAHAHAHAHA!!! I claim it makes new highs this year - he's betting it won't. At the current rate, I will win before the month is out...;-)
    Sep 04 17:41 pm |Rating: +1 -2 |Link to Comment
  • Over the Past Few Days, The Story's Been Gold [View article]
    I forgot to mention 4. A very favorable chart formation (large triangle that broke out last Friday and now an even larger ascending triangle that will break if/when it hits over $1030 or so. I would NOT want to be short right now!
    Sep 04 13:34 pm |Rating: +4 -1 |Link to Comment
  • Over the Past Few Days, The Story's Been Gold [View article]
    No idea why gold is up sharply?

    I can think of at least three immediate reasons:

    1. Chinese encouraging citizens to own it + 2. Seasonal weakness about to turn to strength after Labour Day + 3. Large short position = Major Rally! Panic covering by shorts?!
    Sep 04 13:32 pm |Rating: +6 0 |Link to Comment
  • History Lesson: September Is Best Month for Gold [View article]
    I've always been a big believer in gold seasonality, even if it didn't work too well last year (not much worked well last year mind you). Looks like it's setting up for a break over $1,000 to new highs this year though. Nice bar charts Frank!

    DiamondLou
    Sep 01 14:12 pm |Rating: 0 0 |Link to Comment
  • Why the Time Could Be Right for Gold Mining Stocks [View article]
    Frank, we missed you at the Conference in Vancouver on Sunday and Monday. Everyone was so pessimistic. We could have used more of your positive outlook.
    Jun 09 12:21 pm |Rating: +1 0 |Link to Comment
  • Disagreeing with Garty: We Are Long Gold [View article]
    Gartman publically declated he had shorted at lower prices. My guess is given another $10 higher, that he will cover. Which should drive the price another $10 higher when his massive following cover their short positions. Which will make the chart look beautiful.

    Can gold make nominal new highs though during this period of seasonal weakness is a challenge. You hate not to be long though because the US Dollar looks terrible. It just broke a major uptrend and appears to heading south with the budget deficit estimated to come in at $1.8 TRILLION this year.
    May 14 13:45 pm |Rating: +1 0 |Link to Comment
  • Live Discussion: Treasury's Bank Recovery Plan [View article]
    The Chinese are suggesting a substitute should be found for the US Dollar as the world's reserve currency. Trillion dollar per year governement deficits are being forecased.

    How long before the Dollar crashes?
    Mar 24 14:26 pm |Rating: +2 -1 |Link to Comment
  • The Bubble of Uncertainty Is About to Burst [View article]
    terryg8 - excellent post!
    Mar 08 21:37 pm |Rating: +1 -1 |Link to Comment
  • How High Can Gold Go? [View article]
    The author made an incredibly accurate call months in advance! He said it should need to come back down to around $730 and that's exactly what it did.

    I would like to know what he is saying now...
    Feb 20 02:20 am |Rating: 0 0 |Link to Comment
  • Gold Will Shine in 2009 (Part II) [View article]
    Bill Murphy of Gata celebrated their 10th anivesary tonight, given an award by none other that John Emery of Sprott at reception during the Cambridge House Resource conference in Vancouver.

    Given some follow through from the action friday, my guess is Bill along with other gold bulls will have more to smile about in the days and weeks to come.

    Congrates to Bill and everyone at Gata.
    Jan 26 00:51 am |Rating: 0 -1 |Link to Comment
  • Own Gold? Time to Fold [View article]
    Don't look now, but it looks like the US Dollar Index has broken down. Good for gold.
    Dec 13 02:18 am |Rating: +1 0 |Link to Comment
  • Don't Give Up on Gold Just Yet [View article]
    Re: the chart above - the overlay I referred to did not work! Trust me though, both the Bull and Bear ETFs HGU AND HGD are down big time. Which adds insult to injury. The bear ETF should be up.
    Dec 03 23:16 pm |Rating: 0 0 |Link to Comment
  • Don't Give Up on Gold Just Yet [View article]
    Gold has held up relatively well. It's basically flat over the past 12 months in a market when most everything has been smashed.

    This bigcharts.com 12 month chart shows the zero gain. It's the gold stocks which have performed miserably. Look at the ETF overlay - HGU - down over 60%....ouch.

    bigcharts.marketwatch....

    Hopefully when gold does finally start moving north again the stocks will outperform to the upside as they have done to the downside.

    The question is when will this begin to happen. How long do we have to wait. It feels like an eternity right now..
    Dec 03 22:53 pm |Rating: 0 0 |Link to Comment
  • Deflation Now; Inflation's Coming [View article]
    Gilbert,

    I agree regarding the geopolitical situation being potentially very unstable...

    See how that oil tanker was taken by pirates a couple days ago. And I agree about Pakistan - very concerning that they have something like - 50 nukes? - and could fall to the taliban any time...what will happen then?

    (I wish we could edit these posts...excuss a couple obvious errors above!)

    Cheers

    Louis
    Nov 19 02:36 am |Rating: 0 0 |Link to Comment
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