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Reply #13: Interesting that my take is so similar to the paste KoKo put up. [View All]

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Frodo Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Apr-28-04 08:21 AM
Response to Reply #11
13. Interesting that my take is so similar to the paste KoKo put up.
"Notice that a 61.8% re-tracement of the rally that started in April of 2003 will take gold to 364.39. A 38.2% re-tracement of the entire bull move that started in February of 2001 will also take gold to 364.55. In addition, the 364.55 level represents "channel support." My point is this -- I believe that the 364-365 level represents very important support. In all likelihood it will be tested in the coming weeks and I would expect gold to bounce sharply from that level."

That would put the dollar right on the second support level I was talking about. He's just more optomistic than I am that it will "bounce" right off.
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  -STOCK MARKET WATCH, Wednesday 28 April ozymandius  Apr-28-04 07:08 AM   #0 
  - WrapUp by Ike Iossif  ozymandius   Apr-28-04 07:11 AM   #1 
  - Dollar Fails to Find Needed Momentum, Stock Futures Fall  54anickel   Apr-28-04 07:22 AM   #2 
  - Question? Why not make a list of arms makers?  izzie   Apr-28-04 07:26 AM   #3 
  - Lots of makers.  ozymandius   Apr-28-04 11:27 AM   #35 
  - Will the assault on Fallujah affect the markets?  revcarol   Apr-28-04 07:29 AM   #4 
  - The markets have been reacting to bad news lately.  ozymandius   Apr-28-04 11:26 AM   #34 
  - Something just pushed silver & gold down the staircase. Big drops in  54anickel   Apr-28-04 07:38 AM   #5 
  - Must have read that other post of mine on the dollar going up?  Frodo   Apr-28-04 07:50 AM   #8 
  - Big volume discount? HA! I have no idea what's going on. See that  54anickel   Apr-28-04 08:01 AM   #11 
     - Interesting that my take is so similar to the paste KoKo put up.  Frodo   Apr-28-04 08:21 AM   #13 
  - Iossef's comment from the end of his article might be an explanation?  KoKo01   Apr-28-04 07:52 AM   #9 
  - Did he get the secret flyer that they're having a huge sale? Blue-light  54anickel   Apr-28-04 08:03 AM   #12 
  - It looks like somebody just propped up the dollar.  TahitiNut   Apr-28-04 08:42 AM   #15 
     - Gold is plunging faster than the dollar is rising...  Frodo   Apr-28-04 09:40 AM   #21 
        - So, is somebody dumping dollar-denominated gold?  TahitiNut   Apr-28-04 09:44 AM   #22 
           - Well, if you believe in market manipulation and gold cartels, then it's  54anickel   Apr-28-04 10:29 AM   #26 
              - Harder to come up with a reason?  Frodo   Apr-28-04 11:27 AM   #36 
                 - Seems like to big of a drop for a penny rise in the buck.  54anickel   Apr-28-04 11:53 AM   #40 
                    - Since mid-February...  Frodo   Apr-28-04 12:01 PM   #41 
                       - Hmmm, That's taking only 2 months worth of movement in each into  54anickel   Apr-28-04 12:03 PM   #42 
                       - #43 should have been to you. Sorry.  Frodo   Apr-28-04 12:44 PM   #44 
                       - Ok, how long do you want????  Frodo   Apr-28-04 12:11 PM   #43 
  - Riggs May Be Fined More Than $25 Million  54anickel   Apr-28-04 07:45 AM   #6 
  - Janus Settles Charges of Market Timing  54anickel   Apr-28-04 07:47 AM   #7 
  - Global Crossing overstated profits by $80m  54anickel   Apr-28-04 07:53 AM   #10 
  - Splash of blather on the futures charts  54anickel   Apr-28-04 08:23 AM   #14 
  - NO DEFLATION, MAYBE WORSE  54anickel   Apr-28-04 08:42 AM   #16 
  - Retreat of The Golden Bull: What's all the Fuss About?  54anickel   Apr-28-04 08:54 AM   #17 
  - 9:47 Markets open  54anickel   Apr-28-04 08:56 AM   #18 
  - Janus and Marvin Bush's Riggs Bank  Sven77   Apr-28-04 09:17 AM   #19 
  - Thanks for the additional links Sven77! n/t  54anickel   Apr-28-04 10:10 AM   #25 
  - Fidelity now advertising no transaction fees  teryang   Apr-28-04 10:42 AM   #28 
  - US Mint ups coin set prices due to metal cost rise  54anickel   Apr-28-04 09:18 AM   #20 
  - Gold's Indian rope trick to the rescue?  54anickel   Apr-28-04 10:04 AM   #23 
  - I don't think there really is inflation,  ozone_man   Apr-28-04 12:50 PM   #45 
     - Good question on the money supply.  54anickel   Apr-28-04 12:55 PM   #46 
     - Like the "unemployement rate" it depends on which measure you use.  Frodo   Apr-28-04 01:02 PM   #48 
     - Agreed. What I've seen quoted most in articles tend to lean toward  54anickel   Apr-28-04 01:10 PM   #50 
        - I'd need a reference to what he's said... but  Frodo   Apr-28-04 01:33 PM   #52 
           - Can't find what I was looking for, but came across this gem  54anickel   Apr-28-04 02:16 PM   #53 
     - No, just heard that some indicators are there  ozone_man   Apr-28-04 01:10 PM   #51 
     - Actually when you look at the ROC for M3 it is declining.  54anickel   Apr-28-04 02:42 PM   #54 
  - Harmony to look at Avgold hedge book  54anickel   Apr-28-04 10:07 AM   #24 
  - 11:29 update  54anickel   Apr-28-04 10:33 AM   #27 
  - EXCLUSIVE: China's Wen Tough on Economy  54anickel   Apr-28-04 10:51 AM   #29 
  - Richard Russell On the US Dollar & Gold  54anickel   Apr-28-04 11:13 AM   #30 
  - I step out for a few hours and - just look at this mess!  ozymandius   Apr-28-04 11:20 AM   #31 
  - Hi Ozy!  54anickel   Apr-28-04 11:22 AM   #33 
     - stunning dent in the gold price  ozymandius   Apr-28-04 11:33 AM   #37 
        - Wasn't gold at about $415 about two weeks ago? Wha' hoppen??  Media_Lies_Daily   Apr-28-04 06:06 PM   #58 
  - U.S. stock losses deepen mid-day  54anickel   Apr-28-04 11:20 AM   #32 
  - Shell to cut up to 2,800 jobs  54anickel   Apr-28-04 11:38 AM   #38 
  - Dollar Watch  54anickel   Apr-28-04 11:51 AM   #39 
  - "You really need a daily close below that level to classify it as a break"  Frodo   Apr-28-04 12:56 PM   #47 
     - Yep, sets things up for what was mentioned in the wrap up.  54anickel   Apr-28-04 01:03 PM   #49 
  - U.S. Treasuries Drop as Growth Signs, Debt Auction Cut Demand  54anickel   Apr-28-04 03:10 PM   #55 
  - Close  54anickel   Apr-28-04 03:26 PM   #56 
  - The CBC was trying to blame everything on Nortel  TrogL   Apr-28-04 03:39 PM   #57 

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