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     captain_chaza
Member
Username: captain_chaza
Post Number: 1628
Registered: 02-2003Rating: N/A
Votes: 0
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| | Wednesday, January 18, 2006 - 05:51 pm: | 
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Ahoy Officer Archie
It's probably a good time to average down
BUT
Who's GOT THE GUTS?
And then WHO REALLY CARES !
"Don't ever Doubt the Doubter" Fr Hilarius always says
Streuth!
He could be right in the short term?
BUT he is fully trained in only Long Term Affairs
CHAOS! CHAOS! and MADNESS!
Time for some GOLF for me and a well earned rest?
It's all getting too hard
(Message edited by Captain_Chaza on January 18, 2006)
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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archer
Member
Username: archer
Post Number: 1276
Registered: 11-2002Rating: N/A
Votes: 0
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| | Wednesday, January 18, 2006 - 07:32 pm: |
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A broken clock is right twice a day skip
Its just a dislike for gold,born from a bad trade
A sentiment common in this biz
He'll get over it
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captain_chaza
Member
Username: captain_chaza
Post Number: 1635
Registered: 02-2003Rating: N/A
Votes: 0
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| | Friday, January 20, 2006 - 10:02 pm: |
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Ahoy Sea-Cadet-Officer Fr Hilarious
Could you please wake me up when I am Rich
I am getting V-e-r-y Tired
Salute and cheers
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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rederob
Member
Username: rederob
Post Number: 1672
Registered: 10-2002Rating: N/A
Votes: 0
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| | Friday, January 20, 2006 - 10:06 pm: |
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being in a secular bull market seems not to count for much as gold detractors have a bountiful time pronouncing its demise
at present gold looks like like closing over US$560 - a 25 year high - and while it is overbought, there is no rule saying it needs to immediately retrace
had the gold bull only a few months under its belt, then by all means forecast its "top" and suggest its collapse on fundamental grounds (whatever they might be)
yet gold has run north year on year on year on year and is still climbing
it seems folly to buck the trend - on what grounds?
if the "experts" on gold (and there are very few around) are to be believed, then gold remains in its early phase and we should expect significantly higher prices are ahead
technically, we have moved from the first "steady" phase of gold's bull into the second "sharper", more volatile phase
i have no idea how long it will last, but while there are no indicators suggesting that buying into gold holds grave dangers, staying on the bull seems safe enough
of course the active traders may continue to buy and sell at their whim, and they may do very well
if, however, we really are in the gold bull's early stages then one can take a position and just ride it for all it is worth until the warning signals spell sell
usefully, the "buy the dips" practice in this present phase are likely to deliver greater returns than the first phase as price movements will be significantly greater
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captain_chaza
Member
Username: captain_chaza
Post Number: 1642
Registered: 02-2003Rating: N/A
Votes: 0
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| | Sunday, January 22, 2006 - 12:21 pm: |
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Ahoy there Officer "Bluey" Red Robert and others
What do you make out of the fall in the POG on Wall St?
If your are not already aware the DOW dropped the Equivalent in DOLLAR terms the total size of our little ASX "The complete fleet lost at sea"
So why did not Gold move accordingly as a safe haven?
The only thing I can think of is
GOLD = Safe Haven Qualities + or - Industrial Metal Qualities
I note that our Glamour Industrial metal COPPER seems to have faulted and has probably topped "Chartwise"
I also noticed the The BIG BUCK losing more of its BIG status and probably weaken even further over the next 3 days
Yep! 3 days
I feel this storm is well and truly set in
Salute for now while I put my thinking cap on
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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rederob
Member
Username: rederob
Post Number: 1674
Registered: 10-2002Rating: N/A
Votes: 0
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| | Sunday, January 22, 2006 - 01:07 pm: |
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Gold Captain
First, I will pronounce the BIG Buck "dead in the water".
It's day in the sun is all but over - sure it will give the occasional signs of life for years to come, but overall it has passed its use by date.
This will present a conundrum for unhedged producers who see the AUD rising to offset POG's ongoing windfall gains, although they will quickly realise that the price increases of this precious metal will make currency differentials irrelevant.
As for the notion that a day in the life of POG should be seen as trend setting, or greatly important; I can only say that in hindsight the long term trendline will render the event trivial.
As for gold being perceived as an industrial metal; maybe, if women that wear gold jewelry as regarded as "industrious".
As for copper having "topped" chartwise; maybe, if you work in short time frames. Copper has had an amazing run - puts gold to shame in recent years - and is deserving of a retrace or consolidation or both. But copper is very likely to continue its run higher as market tightness for the metal remains and available inventory of the metal is geographically mismatched right now.
And you believe the storm has well and truly set in.
Certainly the DOW's Friday demise will shake the allords into some corrective action, but our market is less overpriced than the US market.
True masters of the sea should be using stormy weather to their advantage knowing full well that fewer men have such skills.
Plain sailing is for plain men.
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rederob
Member
Username: rederob
Post Number: 1681
Registered: 10-2002Rating: N/A
Votes: 0
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| | Wednesday, January 25, 2006 - 08:35 pm: |
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Elsewhere tonight the Captain poses a technical dilemma in that silver and gold seem to be good buying opportunities.
Which one to choose?
As one is not limited for choice, buy both.
And go back through the past few year's posts on this thread for a compelling justification.
That's as technical as I can be.
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captain_chaza
Member
Username: captain_chaza
Post Number: 1660
Registered: 02-2003Rating: N/A
Votes: 0
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| | Wednesday, January 25, 2006 - 09:34 pm: |
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So Officer Bluey
We agree on one thing
When you come to a fork in the road-
YOU TAKE IT!
I think they all know we Aussies are on Holidays and just want to keep us out of the play
Oh! Able-Seaman #54
You evidently don't read my posts otherwise you would have seen my recent IC chart on the XAO
I assume you have a charting package that suits your own particular needs and abilities but I posted it none-the-less
If you need a chart that demonstrates the effects the Asian Bird flu had on the DOW in the very early part of the 20th Century then I may well be the only chartist in the world that could produce it
And One day I might just publish it somewhere!
So There!
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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captain_chaza
Member
Username: captain_chaza
Post Number: 1661
Registered: 02-2003Rating: N/A
Votes: 0
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| | Wednesday, January 25, 2006 - 09:58 pm: |
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Here we Go again officer ICE
Crikey! Another nice gust of wind!
It would be nice to catch the Yanks out while they are asleep
Hmmmm!
Talk about being unlucky?
I really doubt whether any of my Gold stocks have any Gold
However they do look as if they are really trying very hard to find some as a matter of urgency!
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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archer
Member
Username: archer
Post Number: 1297
Registered: 11-2002Rating: N/A
Votes: 0
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| | Thursday, January 26, 2006 - 08:05 pm: |
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Where;s gold goin tonight 570,580,590
and my fave silver 10 bucks
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captain_chaza
Member
Username: captain_chaza
Post Number: 1679
Registered: 02-2003Rating: N/A
Votes: 0
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| | Saturday, January 28, 2006 - 09:53 pm: |
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Ahoy there sweet talking Able-Seaman Bluey and your 1st mate sea-cadet Archie
I am out of here!
I think It might be a good idea to take profits before those greedy Landlubbers think of it first?
Hmmm!
Things are looking grim on this front when a few of those telcos start looking good?
Salute and Bon Voyage
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
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archer
Member
Username: archer
Post Number: 1317
Registered: 11-2002Rating: N/A
Votes: 0
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| | Thursday, February 02, 2006 - 09:28 pm: |
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If the seasonal trend is accurate gold and silver will
top this week
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robsrubbish
Member
Username: robsrubbish
Post Number: 13
Registered: 11-2002Rating: N/A
Votes: 0
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| | Thursday, February 02, 2006 - 09:54 pm: |
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Hi Archer ,
You wrote
" If the seasonal trend is accurate gold and silver will
top this week"
Could you expand on the seasonal trend? Are there any books you might be aware of that give details of this?
I would like to backtest and investigate this in some detail so any material or detailed explanation would be fantastic?
Thanks
MichaelB
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archer
Member
Username: archer
Post Number: 1318
Registered: 11-2002Rating: N/A
Votes: 0
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| | Saturday, February 04, 2006 - 11:24 am: |
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Hi robsrubbish
There is an explanation of seasonal trend here
http://www.incrediblecharts.com/userscripts/forums/show.plx?tpc=6&post=85996#POS T85996
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archer
Member
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