Comments on: Market Observation http://www.1stMillionAt33.com/2006/05/market-observation/ A site to share my tips, tools, and humble thoughts on the journey to wealth Thu, 09 Sep 2010 07:54:40 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: frugal http://www.1stMillionAt33.com/2006/05/market-observation/comment-page-1/#comment-199 frugal Mon, 22 May 2006 15:26:40 +0000 http://www.1stMillionAt33.com/2006/05/market-observation/#comment-199 Thanks for all the links. I was not sure that gold is in stage two. Now it looks like it is not. Stage 2 should involve the gradual participation from the masses. So far, gold has only attracted speculators. Thanks for all the links. I was not sure that gold is in stage two. Now it looks like it is not. Stage 2 should involve the gradual participation from the masses. So far, gold has only attracted speculators.

]]> By: Anonymous http://www.1stMillionAt33.com/2006/05/market-observation/comment-page-1/#comment-198 Anonymous Mon, 22 May 2006 14:45:52 +0000 http://www.1stMillionAt33.com/2006/05/market-observation/#comment-198 I didn't think gold was likely to correct to the price-vicinity of its 200DMA. But this latest article by Adam Hamilton shows that, in every Stage 2 gold rally, the price corrected back to the 200DMA. http://www.safehaven.com/article-5200.htm The Elliot Wave charts (must sign in as forum member to view) posted by 2 members in this Aussie commodities forum also opine gold is going down for quite a while... http://www.aussiestockforums.com/forums/showthread.php?t=2366&page=24&pp=20 I didn’t think gold was likely to correct to the price-vicinity of its 200DMA.

But this latest article by Adam Hamilton shows that, in every Stage 2 gold rally, the price corrected back to the 200DMA.

http://www.safehaven.com/article-5200.htm

The Elliot Wave charts (must sign in as forum member to view) posted by 2 members in this Aussie commodities forum also opine gold is going down for quite a while…

http://www.aussiestockforums.com/forums/showthread.php?t=2366&page=24&pp=20

]]> By: frugal http://www.1stMillionAt33.com/2006/05/market-observation/comment-page-1/#comment-192 frugal Sun, 21 May 2006 05:42:35 +0000 http://www.1stMillionAt33.com/2006/05/market-observation/#comment-192 Thanks BlueDaze & ML for your inputs. By the way, I just want to clarify that this big correction is still NOT the BIG correction that I expect. I think the BIG correction comes is when China economy slows down either due to US housing market induced slowdown or self-imposed or imploded slowdown due to excessive growth. That BIG correction will probably last at least 1 year, or more probable closer to 2 years. Thanks BlueDaze & ML for your inputs.

By the way, I just want to clarify that this big correction is still NOT the BIG correction that I expect. I think the BIG correction comes is when China economy slows down either due to US housing market induced slowdown or self-imposed or imploded slowdown due to excessive growth. That BIG correction will probably last at least 1 year, or more probable closer to 2 years.

]]> By: ML http://www.1stMillionAt33.com/2006/05/market-observation/comment-page-1/#comment-189 ML Sun, 21 May 2006 04:02:38 +0000 http://www.1stMillionAt33.com/2006/05/market-observation/#comment-189 I agree with your targets. I'll probably start buying around HUI=280 which is 50% retracement. I think gold will see low 600's and even 575. If we get a triangular ABC correction again the best value will be found at the bottom of the A leg, although the PMs won't be ready to take off months later. I agree with your targets. I’ll probably start buying around HUI=280 which is 50% retracement. I think gold will see low 600’s and even 575. If we get a triangular ABC correction again the best value will be found at the bottom of the A leg, although the PMs won’t be ready to take off months later.

]]> By: BlueDaze http://www.1stMillionAt33.com/2006/05/market-observation/comment-page-1/#comment-186 BlueDaze Fri, 19 May 2006 17:51:16 +0000 http://www.1stMillionAt33.com/2006/05/market-observation/#comment-186 Bob Hoye see's gold consolidating till early June. http://www.321gold.com/editorials/hoye/hoye051906.html He estimates "good targeted support for gold over the next month of consolidation to be present between $633 and $662." His TA analysis have been highly accurate. Bob Hoye see’s gold consolidating till early June.

http://www.321gold.com/editorials/hoye/hoye051906.html

He estimates “good targeted support for gold over the next month of consolidation to be present between $633 and $662.”

His TA analysis have been highly accurate.

]]> By: Anonymous http://www.1stMillionAt33.com/2006/05/market-observation/comment-page-1/#comment-185 Anonymous Fri, 19 May 2006 17:50:36 +0000 http://www.1stMillionAt33.com/2006/05/market-observation/#comment-185 Bob Hoye see's gold consolidating till early June. http://www.321gold.com/editorials/hoye/hoye051906.html He estimates "good targeted support for gold over the next month of consolidation to be present between $633 and $662." His TA analysis have been highly accurate. Bob Hoye see’s gold consolidating till early June.

http://www.321gold.com/editorials/hoye/hoye051906.html

He estimates “good targeted support for gold over the next month of consolidation to be present between $633 and $662.”

His TA analysis have been highly accurate.

]]>