Use access key #2 to skip to page content.

XMFSinchiruna (27.83)

A Picture Tells $1000 Words: The Dow Priced in Gold

Recs

45

September 11, 2009 – Comments (17)

17 Comments – Post Your Own

#1) On September 11, 2009 at 9:16 AM, catoismymotor (33.56) wrote:

How about when compared to silver?

Report this comment
#2) On September 11, 2009 at 9:38 AM, Mark910 (< 20) wrote:

I guess this refutes the idea that the market fall was not as bad as the Great Depression since we were on the gold standard then

Report this comment
#3) On September 11, 2009 at 10:10 AM, PeteysTired (< 20) wrote:

Why is the the left hand side of the cart (I believe this is the X axis) not consistent in it's spacing? 

From 25 to 5 the spacing gets larger and larger and it "makes" the appearance of a sharper drop. 

Report this comment
#4) On September 11, 2009 at 10:29 AM, XMFSinchiruna (27.83) wrote:

PeteysTired

It's logarithmic.

Report this comment
#5) On September 11, 2009 at 11:04 AM, jesusfreakinco (28.90) wrote:

Breakout looks convincing.  Nice consolidation over the past week or so.  Upside of 1200 - 1300 looks in the bag.  Or will we see higher on this run?

JFC

Report this comment
#6) On September 11, 2009 at 11:12 AM, XMFSinchiruna (27.83) wrote:

jesusfreakinco

$1,250 is my next intermediate target, but we must first clear the previous high of $1,034 ... which would prove to have some significant resistance.

Report this comment
#7) On September 11, 2009 at 11:36 AM, XMFSinchiruna (27.83) wrote:

oops: "could" prove...

Report this comment
#8) On September 11, 2009 at 11:37 AM, PeteysTired (< 20) wrote:

TMFSinchiruna

Thanks for the lesson  :)

Report this comment
#9) On September 11, 2009 at 11:49 AM, AvianFlu (41.71) wrote:

peteystired:

Actually, if the vertical axis markers were spaced linearly then the drop would look much more severe. Think about it. As someone else posted it is a logarithmic chart, but I'm thinking it is more likely to be somewhere between logarithmic and linear. They were just trying to end up with something that appeared pleasing to the eye and didn't look too extreme.

Report this comment
#10) On September 11, 2009 at 12:04 PM, XMFSinchiruna (27.83) wrote:

AvianFlu

That is incorrect. It is a straight-up logarithmic chart. 

Report this comment
#11) On September 11, 2009 at 12:13 PM, jstegma (29.25) wrote:

So what does the longer term chart look like? 

Report this comment
#12) On September 11, 2009 at 12:42 PM, XMFSinchiruna (27.83) wrote:

jstegma

This is outdated ... running just until 2001 I think, but here is the long-term trend.

Report this comment
#13) On September 11, 2009 at 1:26 PM, kaskoosek (85.49) wrote:

Sinch

 

The graph doesn't take dividends into consideration. Though gold still outperformed during that time span. 

Report this comment
#14) On September 11, 2009 at 5:25 PM, jstegma (29.25) wrote:

Sinchy -

Thanks.  These are very interesting charts to look at.  


 

 

Report this comment
#15) On September 12, 2009 at 12:34 AM, silverincite (70.80) wrote:

I could see the resistance at 1030-1040 causing a retest of the 930-940 level at some point, maybe in October.. and then a breakthrough to 1100-1150 by the end of the year.

Silver has been moving a lot more these days, I should've picked up some Great Panther Resources along with the IMPACT silver shares.

Report this comment
#16) On September 12, 2009 at 7:59 AM, XMFSinchiruna (27.83) wrote:

silverincite

Your near-term price projections sound reasonable, but at this stage I don't advocate getting too fancy playing such expectations ... 

It's not too late for GPRLF nor ISVLF.  :)  I'm still in the red on both but totally unconcerned.

Report this comment
#17) On September 12, 2009 at 12:23 PM, silverincite (70.80) wrote:

Hopefully you bought more at the low prices we have seen over the past few months. I picked up some CVE:IPT over the TSE:GPR shares about a month ago. I am trying to decide between Endeavour Silver TSE:EDR and Great Panther TSE:GPR now since I already have First Majestic TSE:FR and Fortuna Silver CVE:FVI.

I know Exeter Resource CVE:XRC is currently working on upgrading the Caspiche project and considering the location between the Refugio mine (Kinross) and the giant Cerro Casale gold deposit (Barrick and Kinross) do you think one of the bigger miners will step in as a partner?

Report this comment

Featured Broker Partners


Advertisement