Archive through July 12, 2004

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sabretoothed

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Post Number: 669
Registered: 03-2003

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Wednesday, June 23, 2004 - 11:59 am:

Wow, that's an amazing candle :-)

What symbol do you use in stockcharts to get gold? I can't seem to find one in bigcharts.com

If brokers knew how to make money why are they still working?

sabretoothed

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Post Number: 686
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Wednesday, June 23, 2004 - 03:36 pm:

Gold rising again, 396, we need it to crack that 400 level :-)

)

If brokers knew how to make money why are they still working?

vermante

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Post Number: 157
Registered: 11-2002

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Wednesday, June 23, 2004 - 04:36 pm:

Sabertoothed

Technically , Arthur's graph says it all , yet to penetrate the 200 dy MA and $400 reistance(my preference). If Gold is forecast to "run riot" in the next couple of years , then the 1st marker of $400 should be easily over come.

Fundamentally-I cannot add more to your research which I believe is the current market perception.

With gold being highly volatile , trading tactics will be crucial

Cheers

Vermante

rederob

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Post Number: 150
Registered: 10-2002

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Wednesday, June 23, 2004 - 05:29 pm:

There is a school of thought that suggests you only have a true bull market when it is bullish in other major currencies - so in the case of gold it's not just the USD.

gold-multi.tif (21.9 k)

In yen terms gold is on a nice steady incline.
But in euro terms we are where we were over 2 years ago.
In AUD terms we have just moved above average POG prices of 3 years ago.
One of the nicer trends to see is how gold in USD terms goes through its annual consolidation phase before launching itself again.
It does appear that the US$372 low of May 10 is behind us now and we are on the next upleg.
If history repeats we are, in rough terms, due for around 9 months of rises before another plunge, with the POG dollar gain in the order of $80 - $100 above the May 10 low.

rederob

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Post Number: 151
Registered: 10-2002

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Thursday, June 24, 2004 - 10:35 pm:

There goes first level of resistance, with a bang, not a whimper:

Silver barely in gold's present wake:

faber quisque fortunae suae

josbarr

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Post Number: 2
Registered: 03-2004

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Friday, June 25, 2004 - 02:51 am:

Up more than $6 today and blasting
through $400 an ounce.

rederob

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Post Number: 154
Registered: 10-2002

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Votes: 1


Friday, June 25, 2004 - 05:37 pm:

Gold may have set the northern hemisphere abuzz, but did little for the local market.
Even our ferocious fanged feline poster must be dismayed that SGW actually FELL 6cents after both tantalum and gold have bounced.
Lihir clawed up 1cent on massive volumes and Newcrest was up 0.6% or 9cents on moderate volumes.
Aside from those results there was little excitement in precious metals miners.
The real gold story is unfolding in Europe, with POG presently at 330 eurodollars.
In AUD terms gold is currently $575 and, while this a 5% increase over the month, it has not been reflected in the price of Oz producers.
I am personally happy that gold remains low on the radar as the longer it can stay low, the longer and less volatile the bull run.

rederob

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Post Number: 167
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Friday, July 02, 2004 - 12:35 pm:

Good old ABARE http://www.abare.gov.au/australiancommodities/commods/gold.html today announced that Chinese demand would not impact on POG.
In 2002 ABARE forecast the 2003 gold price to reach US$315/oz (they were only 15% off the mark.
ABARE's 2004 forecast average (see below) implies that gold MUST immediately drop well below US$350 and stay there for the rest of this year.
I wonder what ABARE knows that nobody else does!

justice

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Post Number: 223
Registered: 01-2003

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Friday, July 02, 2004 - 02:49 pm:

They know squat.

It's a crap shoot. For every 2 economists you'll find three opinions.
My own observation is that the POG is virtually pegged to the EURO - sometime later this may hopefully change.
However, as far as I can tell the USD is primed for a slow decline.

I am bullish for Gold in the long run.

GO BIGish

archer

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Post Number: 206
Registered: 11-2002

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Friday, July 02, 2004 - 03:25 pm:

I have to agree with Justice but in the words of the great
Sargent Shultz--Zey know nussink
Economists are like blind javelin throwers-
Almost useless but they hold the attention of the crowd
The action in Newcrest is anticipating a good gold move

ncm

rederob

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Post Number: 168
Registered: 10-2002

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Friday, July 02, 2004 - 04:54 pm:

We seem to have 3 "informed" sources suggesting that gold will go up - maybe I should email ABARE!!
Since last Friday POG is down US$5/oz to around $395 - surviving relatively unscathed from the Fed rate rise.
However, as justice noted, POG in euro has moved down 6 dollars over the week to be $324 eurodollars as I post.
And, the biggest downward move for POG was in AUD terms, dropping AU$15/oz over the week to presently lie at AU$560/oz.
With NYSE being closed Monday in lieu of Independence Day it is hard to see any need for the market to run either way, so a few dollars movement overnight should be the go.

perler59

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Post Number: 198
Registered: 09-2003

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Friday, July 02, 2004 - 08:25 pm:

This is interesting. It was posted in another thread.
http://www.financialsense.com/stormwatch/update.htm

rederob

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Post Number: 169
Registered: 10-2002

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Friday, July 02, 2004 - 10:40 pm:

Gold on viagra at COMEX open?

justice

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Post Number: 225
Registered: 01-2003

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Friday, July 02, 2004 - 11:45 pm:

4 hourly and daily charts above.

Of course the good news that interest rates are not likely to move up quickly won't help share prices either.
Or will they? We will live to see.

http://www.briefing.com/Silver/InDepth/StockMarketUpdate.htm

GO BIGish

justice

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Post Number: 227
Registered: 01-2003

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Saturday, July 03, 2004 - 02:40 am:

Howdy, Perler59,
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