Russell on gold tonight

Gold — This is interesting. Below we see GDXJ, the ETF for smaller and more speculative gold mines. What we see here is a accumulation pattern (ascending triangle?} and a sharp breakout to the upside today. When gold gets “hot” investors often turn to the more speculative mining outfits. The best of these may be swallowed up by the larger entities such as Newmont and Barrick, in order to increase their reserves. At any rate with April gold up 17 today I thought this action in GDXJ was significant. A small position in GDXJ is an interesting speculation — but don’t expect it to surge overnight. GDXJ is a spec for the third phase of the gold bull market. The third phase lies ahead.

Kentucky @16:54

Well just 2 cents worth of opinion but, here goes: Gold is still in an upturn, short term and has not reached st over-bought. Expecting  a st high around April 15. Pretty good stall in Gold since it’s Dec highs. I follow only Gold now versus the Hui as that index is abysmal. Don’t think that the HUI:GOLD ratio can get much worse.    Also beginning to think that the Gold seasonal’s should be history. This is It…may be finally become …This is IT!

Armstrong’s Latest On The Dow & Bonds 3/11/10

http://www.scribd.com/doc/28454670/Writing-From-the-Hole-Armstrong-Economics-31310

Turns

The next few days are critical.  Cyclyst says up after the 18th.  Gann was yesterday.  Nichols is this week sometime.  McHugh says potential hui h&s top.  Nenner out at 122o deflation scare next.

April gold made a new high for the day up $24.90 at $1129.30

last quote= $1128.20 +22.80
with the big drop in the dollar gold should be up $50-$100-but thanks to the Govvy, it isn’t
HUI) At 4:27PM ET: 426.7482 +12.2633 (2.96%)

Silver_rider

I don’t disagree with that statement. What I disagree with is that I believe that statement is misleading, and gold hits over $2000 this year, then has a large correction, and then comes back up to $2200 in 2013. So anyone who waits to see gold at $2000 in a couple years will miss all the action. All my opinion. :o)

silverngold @ 16:00 pm

I’ve written it down and taped it to my computer!  :mrgreen:

Ipso

Your US Dollar at 50 is pretty close. I get a bottom at 54 in July 2012. Write that down!!! :o)

PMtrader @ 13:42 pm

WOW 84 hrs. a week thats a tough road to hoe.

I hope this is for yourself as those are burn out hours.

Counting on you to return April 3rd fully charged so watch the health.

silverngold @ 15:23 pm.

Listen to the interview @ the 22:30 mark.  He says gold to $2000 in next 2 years.  He says down till Oct..   I guess Octobor is not in John Thomas’ forseeable future.

Nice late day run on the precious

D’oh!  I’m scooped.  :-)

April gold trying to take out the days high +$21.60

HUI) At 3:25PM ET: 425.8685 +11.3836 (2.75%)

Richard640 @ 15:22 pm

When the dollar gets down to …. say around .50 on the index… maybe we’ll be able to have an industrial base.  Maybe some factories will open again and we’ll have some employment that doesn’t consist of services and gov jobs.

It’s a looooonnnnnnnggggggg way down…

Nenner says gold has had it for the foreseeable future???

Has he become one of “THEM”??? I get gold up 40% in the next 2 months or so. I think Nenner is going to cost a lot of people a lot of money or missed opportunity if they listen to him this time. I’m 100% long gold here and going to ride the greatest move up this bull has had to date…. starting about right now.

ipso-facto-Don Wolanchuk=dollar collapse

To: The Barracuda™ who wrote (52194) 3/15/2010 12:25:34 PM
From: da_cheif™

dollar is soaring??? lol…not……it was 120 not 2 long ago…..its at 80.55 and rolling over from the hi of 81.70 on feb 19….and with 3 waves up…..appears to be ready to disintegrate……….till proven otherwise that is

Every FED day is the same-no change, the $ sells off and gold

doesn’t react–but in the following days the $ recovers and gold sells off, thanks to the efforts of the manipulators…I hope it’s different this time-besides gold is due to start its run to $2000 this year according to the Fractal guy-Nickols–and others…

NORSK

Why do you assume that the census frightens me? And just where did the Founding Fathers require the census to know whether I  rent or own the house fully paid off or if I have a mortgage or home equity? 

If, these questions frighten you …just continue to Ostrich it.        PS) Slavery was supposed to have ended via the Civil War….so, why ask about one’s race?

The Ring Master

What me worry?  ;-)

Samb

They needed a census that included race.  Blacks were counted as 3/5 in apportioning representation. 

 If the census frightens you, just don’t fill it out.

Regarding mneaf, hey IPSO

Looks like we have a retrace back to the delist line (1.00), hopefully before we quietly resume the trend :-)

Norsk

The Founding Fathers did not require anything other then a simple census of population.  PERIOD!

Man, by itself this is incentive enough if you are a Dem

to vote NO on healthcare. No way I want him stumping for me this summer/fall.

Dems that vote NO - no obama stumping 4 u

:-)

Census

Here’s the census form if anybody wants to look at it. http://2010.census.gov/2010census/how/interactive-form.php

The Founding Fathers though a 10-year census was important.  They require it in Article I, Section 2 of the Constitution.

Up 2200 % Yeah Baby thats the way I like It (as the song goes) hehe

cblrf.jpg

humm

so they release it  2 minutes early - interesting