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     thommo78
Member
Username: thommo78
Post Number: 49
Registered: 05-2005Rating: N/A
Votes: 0
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| | Monday, September 05, 2005 - 01:56 pm: |  
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Hello all .. there's been a fair bit of discussion about price of gold under the thread in the markets section (http://forum.incrediblecharts.com/messages/6/9982.html). Just thought i'd start a thread here as well.
The following weekly POG chart shows a solid weekly uptrend that has recently consolidated in a pennant formation. Price appears to have broken higher through the pennant and has since retreated to test this new area of support.
Gold stocks have reacted favourably. OXI and LHG have caught my eye and have vastly different looking charts. OXR has recently pushed higher through solid resistance at 1.08ish and has since retreated and tested this level twice. LHG has been in recovery mode since the sharp price decline during 99/00 and has also recently moved through solid long term resistance (which can be seen on the monthly and weekly charts) at 1.30ish.
I would welcome any comments about these and any other gold stocks.. cheers Tom
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coyotte
Member
Username: coyotte
Post Number: 35
Registered: 12-2002Rating: N/A
Votes: 0
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| | Wednesday, September 07, 2005 - 07:37 pm: |
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Thommo 78
LHG could those patterns also be drawn as Sym Triangles or
Decen Triangles ?
ADX (21) looks crook for LHG
LHG used to be used as a Short Term trading stock ( often
just for over night and weekends ) don't know if it still is
SBM has been doing great since the Shares Mag mob bailed out
LSG can be a good stock if you want a position incase POG takes off
have you tried the Kitco.com Forum
heaps of sites you can go to from there
just don't take to much notice of the crap that can go on
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rederob
Member
Username: rederob
Post Number: 1348
Registered: 10-2002Rating: N/A
Votes: 0
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| | Wednesday, September 07, 2005 - 08:25 pm: |
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coyotte
I came across a few recent international stock broker recommendations relating to metal producing (in the main) companies.
BHP got mixed reviews.
But LHG came up on 3 occasions as a recommended BUY.
I still think it's early days for LHG, but 2006 should see LHG get more serious.
I will leave the chart interpretations on your capable hands.
On the fundamental side I can only tell you that LHG's cash cost for gold will come down going forward, at the same time output is rising.
Downside risk is in their hedge book, but increased gold output could render the negativity a minor influence over earnings.
I do not hold LHG, and never have. But it is starting to grow on me by the month.
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coyotte
Member
Username: coyotte
Post Number: 36
Registered: 12-2002Rating: N/A
Votes: 0
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| | Wednesday, September 07, 2005 - 09:56 pm: |
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Rederob
used to trade LSG (very short term ) several years ago
back then P/F charts where ideall for that stock
a very simple system with LHG then was to look at
NEM (aust) near end of day ----- if NEM was up quite often
the POG would be up overnight --- but LHG used to react greater the following day then NEM.
LHG has been sprouted by both AU and US advisers for
years (eg: fat profits a while back ) and is probably greatly undervalued on fundermentals ---- BUT it always
has been for some reason --- maybe the reason put forward
by Merlin several years back " that the island's foundations are a active volcano " may have something to do with it ---- loose the whole lot one night in one big bang
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rederob
Member
Username: rederob
Post Number: 1350
Registered: 10-2002Rating: N/A
Votes: 0
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| | Wednesday, September 07, 2005 - 10:16 pm: |
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coyotte
methinks the fact that LHG cannot turn a profit when sitting on one of the biggest gold mines in the world does not help its cause
dead right on the geology issue, plus if you look at the engineering issues, you will see that if they stuff up the sea will literally flood in and it's all over red rover
otherwise this stock could be worth a wee bit more - probably still OK for the short term traders and day traders given the big volumes when gold prices climb
cheers
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tryhay
Member
Username: tryhay
Post Number: 720
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Monday, September 03, 2007 - 06:55 pm: |
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Seems like an appropriate time to revisit this thread (PM buy up big time).
DOM does not have its own thread, but IMO it is just about ready to penetrate >15 yr old resistance and then will be withing 20c of blue sky mining....
The weekly chart below shows reasonable consolidation over the last 3 months with perhaps a bit more porridge until the breakout occurs:
Tempted to buy in soon ~ anyone else following it?
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tryhay
Member
Username: tryhay
Post Number: 742
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Friday, September 21, 2007 - 08:34 am: |
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Can not see an IGO thread, but it has been mentioned in dispatches on various short and long term threads. It is not a simple gold play as other hard commodities as well.
Chart suggests it has broken out of short term downtrend and resistance: MACD's looking +ve not to mention volume and other indicators
FWIW buying a position today.....
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tryhay
Member
Username: tryhay
Post Number: 743
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Friday, September 21, 2007 - 08:51 am: |
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Perhaps should update DOM whilst I'm at it
Like many gold shares DOM has gapped up several times and looks as though some short term consolidation music is appropriate.
Chart: Volume is tending to increase (currently double the 22 day moving average)
anyone else holding?
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tryhay
Member
Username: tryhay
Post Number: 758
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Tuesday, October 09, 2007 - 08:30 am: |
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Must be time to think about taking some profit off the table with respect to DOM?
Daily chart: Not quite textbook but there have been three uptrends and the latest looks too steep to be sustained for long (also target has been achieved) ..
No warning candle yet but watching for it.....
(Message edited by tryhay on October 09, 2007)
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tryhay
Member
Username: tryhay
Post Number: 785
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Monday, October 29, 2007 - 10:23 pm: |
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Bought into IGO at $6.24 and looks to be repeating last year's run into november ~ (though a bit later this year): Looks like a breakaway gap today on nice volume.
Daily chart: Indicators looking +ve ~ may just get to >$8.22
Tempted to top up if resistance melts away....
Whilst I'm at it check out OXR ~ seems to be on the same herbs.... breakaway gap ~ I suggest first stop $4.46, but may just go go to ~ $5.24
Would like to top up tomorrow as well...
anyone else holding?
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tryhay
Member
Username: tryhay
Post Number: 1166
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Wednesday, October 01, 2008 - 09:42 pm: |
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tryhay wrote on Monday, October 29, 2007 - 10:23 pm:Bought into IGO at $6.24 and looks to be repeating last year's run into november
wonder how different this year will be? - apart from the cheeper entry
Couple of gold/nickel miners/explorers are looking some what positive ATM (granted they are both early calls): DOM (Dominion Mining Limited is a publicly listed Australian gold producer and explorer) and IGO (Nickel mining and gold and base metals exploration ).
DOM is trying to turn the recent 12 month downtrend around, and IGO's 6 month downtrend is weakening IMO: there is some skuttlebutt about china on the prowl ....... Some say better than money in the bank ~ but who knows
DOM chart: Short term MAs crossing, MACD ventured into positive territory and retesting recent support & resistance ...
IGO chart: Short term MAs kissing, MACD almost ventured into positive territory and couple of Doji suggest indecision ...
Holding a small parcel of IGO & looking for DOM to hold the line before buying in
Happy trading DYOR
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tryhay
Member
Username: tryhay
Post Number: 1171
Registered: 09-2005
Rating: N/A
Votes: 0
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| | Wednesday, October 08, 2008 - 10:45 am: |
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FWIW one out of two is not too bad in this market.
DOM looks to have established an up trend and may just be going to test the resistance (if volume can move above its moving average ) ...
IGO ~ the less said about it the better IMO:
BTW BOL is still toying with the 50D_MA ~ but I dont like its chances in this market environment (though when things do turn the 20$B infrastructure program has to be right up its alley ~ if you can wait that long ...)
Happy trading DYOR
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dydavo
Member
Username: dydavo
Post Number: 158
Registered: 12-2002Rating: N/A
Votes: 0
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| | Thursday, December 11, 2008 - 10:56 am: |
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Hi all,
A toe dip into NCM today at about 2850, with aim of accumulating more on dips with low selling volumes if the trend continues.
Now trading above the 200 day ema, after higher lows at nov 20 and dec 8. Also seems to have broken up through a downward sloping channel which goes back to march 6 high of 39.00. Volumes look OK, so someone might be thinking that NCM will be making money at these gold prices.
My only other uptrender held at the moment is AGK.
Cheers to all.
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