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XMFSinchiruna (27.12)

Major Breakout for Gold! Got Gold??

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July 11, 2008 – Comments (6)

Gold broke through major resistance this morning at the $950 level... actualy it pounded through it.. pushing well into the $960s!!  Silver flirted with $19.  The gold correction which began in March is all but over, with only minor resistance remaining at the $990-$1000 area before we march up towards $1,200.

Meanwhile, TMFSinchiruna's CAPS score (which is very heavily weighted in gold and silver) rocketed back in the top ten among those players with the "YES" charm.  Since I have never shorted a stock with this profile, the YES list is what I pay most attention to, since I may never reach the heights that shorting financials, etc. could have provided.

Got Gold??????   Got Silver?????

6 Comments – Post Your Own

#1) On July 11, 2008 at 1:45 PM, madcowmonkey (< 20) wrote:

directed at your last paragraph.

Wow, that is a funny way to look at investing isn't it (analyzed)? I like it though.

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#2) On July 11, 2008 at 2:35 PM, Nainara (< 20) wrote:

Congrats Sinchiruna!

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#3) On July 11, 2008 at 3:50 PM, Jro81 (< 20) wrote:

yes ... I'm ready for the breakout ... it is coming in August & September .... Watch out for the end of September because it is the deadline for ECB gold selling ( I believe September 21st) ...

Cheers,

Jared

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#4) On July 11, 2008 at 6:19 PM, jesusfreakinco (29.02) wrote:

My ABX calls have been screaming.  What else do you like to play the upside?  I have am heavy long TRE and have some calls in NEM, CDE, and NXG.  Thoughts?

 

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#5) On July 11, 2008 at 6:35 PM, XMFSinchiruna (27.12) wrote:

jesusfreakinco

I'm sure you'll be fine with each of those.  ABX is my least favorite major, but that's not to say it won't offer amazing returns.  I wholly support NEM, CDE, and NXG.  TRE... well... as much as I love the Chairman... my position in that one is miniscule and purely speculative.  Basically, I bought it because of the chairman, with no DD... so frankly I know none of the details that I make it my business to know with every other holding.  :)

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#6) On July 11, 2008 at 8:02 PM, FourthAxis (< 20) wrote:

Yeah Buddy, I've been leveraged up and waiting for the bailout / meltdown to begin.

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