paulypaul

Tony C's thoughts on Gold.

We have ignition. Prepare for lift off.

Someone check the 'O' rings!

I do take him seriously. His track record is superb. He was top Gold timer in 2008.

And this is one (of several) reasons I have been lightening up on Gold shares.

A drop from a double top to $500 cannot be ruled out.

And we are in the right season for a high in Gold, whatever the bulls have been saying.

I like follow Glen's work as well. I was once a payed subscriber, not realising it was my execution of his recommendations that made me not make money. I will give him a try again.

I now subscribe to Tony Cherniawski's market newsletter which is based on elliot wave, who is predicting the same thing for Gold.

He has a weekly interview on : http://www.cyclesman.info/Articles.htm, with John Grant and Tim Wood for a good overview of his thoughts (none there at the moment though as they don't archive them and remove them from the page every so often).

For this reason I have also lightened up (but from the start of feb - so missed a bit of the move). Most of my money was in Yamana and Silver wheaten which still both did a good double though, and my savings accounts are now in dollars - yippee so far (tremble).

Lets see what happens!

I was getting NeoWave daily updates on the S&P and Euro for a trial. He gives entries, exits and stops all very clear.

I'm just waiting for my pot size and trading knowledge to increase so I can start trading with money.

Getting worried about all this talk though, I all starts to cloud what I though was sure in my head!!!!!

The poeple I listen to, when I comes to putting money down are still Bob Hoye and Tony Cherniawski though.

If you got a minute to spare, pull up a chart of Pinetree Capital pnp.to (up 147% on the last weeks trading!!!)

 

Pinetree is a basket of junior miners as I understand it. I hope this sort of performance comes to my portfolio soon!

I was wondering about that too. I just want to know what caused it though - could be anything on such a think stock though.

I take it this is pre-market.

 

Do you have a link to where you are getting this?

I have this page up all day : http://www.igindex.co.uk/

all major prices live - no charts though, unless you have an account.

don't forget to fight the fear

He also did 'Fools Gold', not sure if he was talking about debt backed paper though.

In trying to understand if the "no more naked shorts" announcement had a role to play in yesterday's events, it'd be good to get figures on COT open orders.

 

Does anyone have access to that data? Was there a significant reduction in short positions just before the price took off?

It heard it something to do with Russian bond stopping trading. Herd on yesterdays yorba.tv

Ive been on the podcast thread and was listening to a few of the selections and now have a few serious queries.

The practical investor on the sow with Tim Wood seems to think gold is on its way back down along with other commodities. i.e. the bubble is over.

http://www.thepracticalinvestor.com/new/th...ticalinvestor1/

Also on the yorba tv a couple of days ago, another fella (forgot his name - but you could find it in the archive) talking about golds lower highs being a bearish signal and that its on its ways down

http://www.yorba.tv/

I know I can't ask anybody to ease my mind, but seeing as these talk shows were recommended by users on this site I would love others opinions on this bearish scenario.

Regards and thanks.

Kinross just took out Aurelian

"Kinross Gold Corp. agreed to buy Aurelian Resources Inc. for C$1.2 billion ($1.18 billion), gaining the largest gold deposit in Ecuador, where mining was halted in April pending a new minerals law.

Kinross will swap 0.317 share for each one of Aurelian's, the company said today in a statement. That's a 48 percent premium, based on yesterday's closing prices. Toronto-based Aurelian jumped as much as 69 percent on news of the buyout, which also includes Kinross warrants."

Cheap buy for them. The big question, who's next?