- Elli! Gold hat in Hongkong den Wendepunkt (Konsolidierung)erreicht? - Emerald, 17.01.2006, 07:35
- Re: Elli! Gold hat in Hongkong den Wendepunkt (Konsolidierung)erreicht? - wuzge, 17.01.2006, 07:58
- Re: Elli! Gold hat in Hongkong den Wendepunkt (Konsolidierung)erreicht? Sehe ich - CRASH_GURU, 17.01.2006, 08:27
- erster Stopp bei 560$? http://f17.parsimony.net/forum30434/messages/341233.htm (o.Text) - sensortimecom, 17.01.2006, 09:45
- Re: Elli! Gold hat in Hongkong den Wendepunkt (Konsolidierung)erreicht? - apoll, 17.01.2006, 14:04
- Re: Elli! Gold hat in Hongkong den Wendepunkt (Konsolidierung)erreicht? - CRASH_GURU, 18.01.2006, 06:03
Re: Elli! Gold hat in Hongkong den Wendepunkt (Konsolidierung)erreicht?
-->>nach heute morgen spot $ 563.50 scheint jetzt der Wendepunkt
>fĂĽr den langerwartenten"Set-Back" angelaufen zu sein.
>Take Profits.
>
>Emerald.
>PS:(abwesend bis 27.1.2006)
[...]
With gold breaking the $550 mark with force (after hovering around $545 for a while) there could be an extended move upwards in the make here..
One of worlds most respected gold experts Jim Sinclair expected this breach of $550 and told is readers on January 12 to stop trading at all and just to sit tight:
Jim Sinclair, Jan 12 www.jsmineset.com
The final word for tonight is that there is every possibility that $682 is in the cross-hairs of the gold market. If it is not right now, then rest assured it is coming soon. Hold tight and watch closely. The line of demarcation is gold at $544.87 in CASH bullion. We are above that now for the second time so hold tight and watch closely. You will not get a share or an ounce out of me now.
There is no reason to preclude the run to $682 right now. COT is falling back hard. It is looking like $529 plus 3% is holding well. That is the classic definition of a breakout. This breakout as I have been telling you for years would signal a runaway in the gold price, something you may well have never experienced but I have. It is marvelous to behold.
I also reiterate that as long as gold remains above $529 plus 3%, stop trading and hold on for the ride.
Well, Jim Sinclair's readers didn't have to wait for that much longer since the very next day gold cut through $550 with force thereby sky-rocketing the HUI to new all time highs.
If Jim Sinclair is right the party ain't over yet and again I want to stress that the more a bull market emerges into a run-away bull market the less useful the traditional technical indicators become..
A good example we've seen during the seventies… Traders buying gold at $250 thought they made a clever deal by selling it at $425 only to see it blowing off to $850 in a couple of weeks time..
[…]
The trick is to define those areas whereby a buying opportunity occurs and whereby it could be prudent to sell.. Looking back over the past years we've noticed that whenever the HUI dropped down below its 200 dma by 0 - 20% it presented a perfect 'BUY' opportunity. We've also noticed that whenever the HUI moved too far ahead from its own 200 dma by 50 - 80% it presented a 'SELL' opportunity..
Since the HUI is approaching these levels again many people ask me if they should sell..
Answer: No!
How come? What about the relative HUI chart pointing towards the sell zone?
You have to understand that these previous 'SELL' spots were being reached in a slowly upwards trending bull market which lasted about 4 years. This phase is being labeled as phase I of a generational bull market in gold. It gained 100% during this phase I.. Now by breaching the $500 mark we've entered the next phase (phase II) of the bull market and gold will appreciate a lot faster as during phase I. It won't take another 4 years to gain another 100%... During phase III which will be characterized by 'MANIA", gold could easily gain another 100% in just a few single months..
The message should be clear, things are changing.. The phase II will be characterized by higher tops / bottoms in the relative charts.. The only problem we have now is that we don't have any reference yet since we're just at the beginning of phase II. So who knows to which highs coming relative tops will reach… Therefore it's not a worry to me that the relative HUI chart is reaching previous highs and I urge people to be cautious to sell any gold shares here..
[…]
<ul> ~ http://www.gold-eagle.com/editorials_05/hommelberg011606.html</ul>

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