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Message: Re: j willie

Oct 12, 2008 08:57AM

I had a read through some of his articles to see how his view developed over the year, have to say could do better, he understands the economic situation very well, but hasn't fully comprehended the effects of deleveraging on the dollar and commodities, And my view of his TA abilities is that they are very basic. if your very biased on a particular view, its easy to het TA to back you up.





Mar 08

http://www.financialsense.com/fsu/ed...



Remarkably, when the USFed was about to predictably cut the official interest rate again, gold mysteriously got hit on Monday. On the day of the rate cut Tuesday and the following day Wednesday, gold got hit again and the USDollar rallied. The Boyz were busy. The smackdown of gold under $950 and of silver under $19 only managed to remove and cleanse these two important metals markets of their overbought situation. The Boyz have cleared the path for gold to reach $1100 and for silver to reach $26. Nothing has been solved yet on most critical battle fronts. The bigger moves up are yet to

May 08

http://www.financialsense.com/fsu/ed...

The gold price has recovered in the last month. Next it must gather itself, consolidate for a week or so, before it continues upward. This chart is extremely bullish to technicians, resembling a launching pad. Support is to be found at the 920-930 range. Support is also offered from the 20-week moving average around the 900 level. The bullish stochastix crossover is important. The next gold price target is still 1150 to 1200. The response to the bank sector will be huge, as a whiff of panic enters the room.

Aug 08 - on DX

http://www.financialsense.com/fsu/ed...

The chart above is now encountering the 50-week moving average and the down trendline. It faces heavy resistance between 75 and 77 from the turn of year 2008. Look for a more gradual slide back to 73-74 range, as it fills from consolidation tied to much gyrations, debates, fluctuations, and competing scenarios.

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