Da muss ich meinen Senf dazugeben:-)

verfasst von drooy, 22.01.2003, 20:49

-->bzw. den Senf des Herrn Russell:

Feb. gold down all night as usual, but by the close of today's session Feb. gold was up.70 to a new high of 357.50. Many warnings from"experts" to the effect that gold is"too extended" and is probably topping out. Maybe -- but remember, bull markets will do whatever they have to do -- to advance with the fewest number of investors on board. Thus, talk of gold being over-extended serves to keep new comers out and oldsters taking profits.

So is gold"over-extended"? Hey, this is a bull market in gold so who the hell knows! The experts sure don't. I do know this. The great action in gold is hardly mentioned in the media. And that's a large plus for the yellow metal.

Silver was up 1 to 4.82. April platinum was up 6.50 to 625.50. March palladium was up 6.00 to 264.00.

Gold/Dollar Index ratio was up 2.20 to a new high of 355.80.

XAU was up.34 to 75.77 with its 50-day MA now climbing bullishly above its 200-day MA. HUI down.21 to 143.00."Look, look, look -- the gold stocks aren't confirming gold, so sell, sell, sell. And silver isn't confirming gold -- so sell" Russell comment --"Sure sell, that's exactly what the gods of the gold bull market want you to do."

"Wait, the gold cycle is turning down -- sell your golds." Russell Comment --"Forget your gold cycles, this is a bull market, and that's the only cycle I'm interested in."

Gold advance-decline line was up 8 to 1127.


Gruss drooy

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gesamter Thread:

• Bin jetzt für einige Zeit völlig DROOY-los ;-) (owT) - Albrecht, 22.01.2003, 18:28
  • Da muss ich meinen Senf dazugeben:-) - drooy, 22.01.2003, 20:49
    • SUUUPER! sehe ich auch so! (mit Drooys Text) - yatri, 22.01.2003, 20:57
    • Re: Da muss ich meinen Senf dazugeben:-) - Albrecht, 22.01.2003, 21:44