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GOLD 640 - Asia Open

Lucky 7 Happy New Year

Posted after Asia opening, 10:30 pm EST

This will be the final post on this location. We are starting a real time serivce for select clients. I will post our new location shortly. contact me at jimak1 at gci.net

Have a Golden 2007 and check in frequently with Jim Sinclair, Hoye and all the greats out there. Stay tuned and stay long...

Now to the charts... Enjoy!!

ABC correction, up we go me thinks.

Gold Daily, Great test of the 50 and 200 day moving average and 50/200 ma Cross!
Heading for the upper bollenger band.

Also MACD 18/32 cross above mid line, histo looks good too.

I have been adding to postions. See also, safehaven.com archives Bob Hoye.


GOLD Montly 2002 to Jan 1 2007




Silver Cash 2002 to Jan 1 2007

Longer Term of above with Fib retrace from the breakout to the top.

Lift OFF, just be patient now.

Here are AUY and GG... Hidden pivots on these ABC patterns are waaaay up there...

Look at SSRI and PAAS,

Merry Christmas - Gold & Silver

Here are a set of silver charts for your perusal. A stock charts from Jimsioi at the bottom of the list.

I say it's quite a buy! Remember from weak hands to strong, so hold on to your valuable shares. I am selling the ones that pop and buying the ones that are down. Remember how easy it is for the boyz to manipulate the metals.

SILVER DAILY with long term trend lines, bbands 50 and macd

Silver Weekly with the same trendlines applied


NICE touch on the trend line.
Looks like a bit of a pop in Tokyo .


And this from Jimsioi on SI thread
http://www.siliconinvestor.com/readmsg.aspx?msgid=23129221



end

Continue Adding and HOLD

This is a 5 year gold chart with STOCH and MACD... doesn't that look nice!

WWF Smack Down OVER... BUY!

Here are a series of GOLD charts for your viewing pleasure. Note the time frames at the top as you review. I am calling this SMACK down OVER, BUY!! I hav been adding to positions throughout the past week, on today' reversal went long some MNG Calls on GG and more EGO dipping a bit into margin....

You can play with these charts along with currencies in real time at www.netdania.com

ENJOY, we are off to new highs

So much for the Break Out

As is the case in the gold market... breakouts are fake outs...
Recently made nice profits on YUM puts. I'll be back home from HI on Saturday. Welcome to Pete and George.

For those of you interested in the Hidden Pivots please see:

http://rickackerman.com

BREAK OUT!

Take a look at your gold stocks and I recommend ADDING.

Hawaii bound tomorrow, cash in the trading acct while the ira's rock with the goldies...

More of the same until the end of the year in the markets imo.

The shift into wave 2 of the Commods Bull will get into high gear in Spring.

Jan and Feb will be ugly for the markets...? we shall see.

It will be good to see Bob and Steve there.
cusoon
jc

Gold 850 by May 07...

This is a hand done chart with simple trandlines. Weekly bars.

GOLD SILVER EURO JPN

Here are a series of charts (4 up) that I captured they are daily bar charts. I am still calling for Gold to reach 850 to 950 by May of 2007.

GOLD 631 Wed Happy TG Day...

Here are a weekly and daily on gold your viewing pleasure. My read is the A B C legs in mining stocks are complete and we are headed to D targets and beyond.

I did a long term "manual" study on gold last night and have a target of $850 by Spring 2007. Last time I did the manual study I projected gold to the 730's. I will have to dig out that study and post a shot of it.

Using a print out of gold from www.netdania.com I used simple trend lines and projected the lines into the future. Usually the upper lines are broken to the upside as in the run to 725. I am fully invested with a small position in QID all-be-it under h2O... the rest of the portfolio is performing well. Still long GG 2x position, full position in CCJ along with some calls..

Today my BUY's are MFN VGZ and NXG... these have gotten hit for various reasons, "Mostly Capital Raises" along with the commensurate uncertanity = opportunity. As usual this for entertainment purposes only.


This is a Daily Bar...



This is a weekly bar... long term look at the MACD and Stoch....

CCJ Hidden Pivot Study

Here are a couple of chart of CCJ which triggered a buy / add via hitting 31.70 . The low on Friday the 18 th was 30.90 and it appears the stock reversed direction today. I believe they will get the mine working again.

Gold 607 - Overnight View

Gold continues higher this evening (it's 9:20 pm Alaska time and 1:20 am in New York. Looking at thist chart notice the horizontal line (current price) is testing the horizontal support/resistance area. We have also crossed the 50 unit moving average heading for the upper bollenger band. In shorter timeframes the price is very sensitive to the BBand. For traders this can be very useful.

Tip Toe throught the trend line

Checking in on Sunday's start Gold is above 600. For your viewing pleasure. It's nice to see the down trend line now broken to the up side..

THE BATTLE CONTINUES

Wecome again, for those of you in Rick's room I am inviting you to post up your hidden pivot studies here. I believe you can do it youself or just send me a chart with your studies. This is a space for all of us to use. It also provides somewhat of a record of our work

I took some time out to work up my usual charts on GOLD. The standard views I enjoy studying are the 1 ,2,4, and hour bars along with a daily. The typical study is a basic trend-line and a 50 unit BBands. I have not done any hidden pivot studis yet on these but I have found that the Pivot Points can be more important than the targets.

Also Below is a study on PAAS, this one worked very well. with tight entries w/in pennys of the calcs.

DAILY BAR (for best viewing click on the chart or righ click and open in a new tab or window)

4 HOUR BAR - NOTICE THE REVERSAL OFF THE LOWER BBAND. I mentioned the low in GLD at 10am eastern today.


8 HOUR BAR, looking for a couple more zig zags and a nice H n S bottom, then off thru the trend-line with vigor... it'd be a nice outcome.

PAAS - One of my favorite stocks. you can study these pivots yourself. Nice and accurate.

I am Back...

Sorry for the long delay since my last update. I could not log on but finally got the info right. I closed out most of my positions at high points last week and have been sitting on mostly Cash waiting for the triangle to reslove. Since then GPXM has enhanced my gains and currently the PF is doing nicely. initiated New trading positions in PAAS and GG Today, HMY yesterday.

Here's an update of the gold charts ... the usual 8hr and 4 hr bars.

Weekend update Gold 635.30

Gold has several hidden pivots in the 636 area where we sit right now and price is having trouble moving through this conjestion area. On the 8 hour bar there's resistance at the 50 unit MA. Longer term hidden pivots project a move back to 724.5 or on the down side to 566.5
Shorter term the move from 601.8 projects an ABC pivot to 634.75 which is why we are having trouble moving up through here. I tend to give a bit of room and work with ranges rather than to the penny like Rick. Charts basis www.netdania.com cash gold.

For now I am hedged a bit with some calls sold short against positions. I think the likes of PAAS, GG and other move down next week and into options expiration in mid August. I may be early as is usually the case. I will be out for a couple of weeks on vacation but will try to update once or twice a week.

Gold 628 Weekly update

A couple of standby charts, 4 hour and 2 hour bars with the 50 bbands. The ABC off of the low projects to 636.4 where there are other hidden pivots from the up move and down move of recent months. Other pivots of lesser degree are at 638 and 642.3 my best guess for now.

Gold 626 quite a drubbing but...

Here are a couple of charts illustrating the correction, or better put, "take down" of Gold. The first chart shows the trendline study and the second adds the BBands 50 unit with 50 unit on a 4 hour bar chart.

My hidden pivot study on this move projects to 619.75 which I predict will mark the bottom of this ABC. As the Gold pundits say we are in the big 3rd wave or the 2nd phase. Gold will not go straight up and we won't see recent lows imo.
My guess is this correction sets us up for new highs. An additional reason 619 is important is a longer term hidden pivot target exists from a older long term ABC starting at 489.70=A 574.93=B 533.8=C Target 619.03

Rick, www.rickackerman.com has the 623 area targeted basis August Gold Futures. I guess I have some bragging rights as my up target from 642 (post below) was .40 cents above the actual high of 576.50.
These Gold charts and price projections are based on www.netdania.com gold feed.

Enjoy, but time is near... when uncertanty is greatest.