Looking for wedges?

Last week I posted a chart that looked ready for a breakout based on the HUI weekly as a leading indicator - sort of a “junior” or micro lag issue. Here it is:

pmu1.gif

So here’s what happened this week.

pmu_update.gif

All the best,

PM

O.K. one more then I’m done (OD’d)

www.financialsense.com/fsu/editorials/willie/2008/0229.html

Three Feketes in one day (I’m exhausted from reading)

www.financialsense.com/editorials/fekete/2008/0229.html

aurum @ 9:26 am on February 29, 2008

“For me to have guessed right on all three, the US Dollar needs to be above 76, the DJIA above 13,315 and the HUI below 409 by the end of this month. Even if I am correct on trend - i.e. the DJIA goes up from here, the HUI down and the US Dollar up, it is going to be a horse race.

aurum”

I’d say you went 0 for 3 in your predictions. Consider that you wrote this month: “I have posted my investing plans and outlooks since the start of the Tent. I have been wrong in timing only twice never (yet) in outlook.”

You may want to revise your record. Grandpa (g)

goldtent.com/wp_gold/2007/12/02/posted-by-grandpa-1309-pm-on-december-1-2007/

mr_gold_bug @ 19:14 pm LNXGF

You are not alone

GM

“Invest in the future, in the moment, and in life”

That’s what the opening icon said to me a few minutes ago as I logged onto TDWaterhouse’s help file for electronic filing of wife/spouse income tax returns in Canada for tax year 2007.  My wife and I will do it electronically this weekend. <g>

My quick reckoning hints we will get a tax rebate this year for having been overtaxed in 2007.   Guess where the rebate will go?  Physical silver for the grandchildren.  Cheers, all.  Equiz.

m

notice a sort of retrace of 2005 may to oct about so far on this chart. Didn’t notice it before or don’t rmrmber with all the charts I see everyday..but some similar patterns of mamy many..filling the wall for one.

mr gold bug

I know makes me want to buy more, but dont know enough about the company. Have u notice all or most stocks have filled the wall or are in process of it, and wondering if there forming a sort of W pattern after a flag formation if….most of them..and then maybe from there zoom.

goldielocks….the weekly chart looks really promising too….

http://stockcharts.com/h-sc/ui?s=LNXGF&p=W&b=5&g=0&id=p31897225083

pgs @ 6:32 am on February 29, 2008

Your question regarding the extent of Muslim immigration in Switzerland …

I have no facts on the matter and my son (who is on “contract status” with the WHO in Geneve…has been for 11 years) is not aware of any “problem” or for that matter any effects whatsoever.  The Suise are extremely tough on any immigration…even my son and his family  are required to leave the country 1 month each year.

Perhaps someone else under the tent would have more specific info regarding your query.

Best Regards… 

mr gold bug

I hope so, hope that .24 today and yesterday doesn’t mean anything. But looks promising.

goldielocks @ 19:20

glad someone else…. is going to make some $$$$$$$$$$$$$$

mr gold bug

nope I bought some at .2o cuz chart looked good.

LNXGF

lnxgf022908.png

mr gold bug

diddo

“gold confiscation”

Just_Burry_it!..

……probably the safest place……..after all,,,,,, the Guy that made it …burried it!……and I think He’s pretty smart?!?!?!

TGIF

Departing the tent for some sci fi entertainment.

Glad to finally be aboard.

Some links for organic healthy living

When I started looking through my bookmarks and thought about this post, I realized that a lot of what I’ve learned I’ve had to essentially do my own research. Whenever I encountered an ingredient on a food label that I was not familiar with, I would google it, etc. until I was satisfied, usually finding lots of articles. Can’t recall ever finding any where I did not come to the conclusion: nope, not gonna eat that either! But here are a few links one may or may not find useful.

http://www.foodfigures.com/

Food additives database

http://www.localharvest.org/

‘The best organic food is what’s grown closest to you. Use our website to find farmers’ markets, family farms, and other sources of sustainably grown food in your area, where you can buy produce, grass-fed meats, and many other goodies. Want to support this great web site? Shop in our catalog for things you can’t find locally!’

http://soilandhealth.org/

‘This website provides a large number of free e-books available for immediate download. The books are mainly about holistic agriculture, holistic health and self-sufficient homestead living. There are secondary collections about social criticism and transformational psychology. No fees are collected for this service.’

gold confiscation

If it ever were to occur, I wonder if a swiss safe deposit box would help or if they’d go after it too? But if it ever did happen, I imagine the scenario would play..maybe but no expert on the subject..like them bringing down the prices…market turmoil worse than now..and economic woe of some sort, or more than one factor with a shortage in gold. Or in other words I wonder what the signs would be. Im sure people wouldn’t be willing to give it up as easy as they did in what 1933 or so. People didn’t question the Gov. much then, other than after a lot of old timers keeping their money out of banks. Now days there migh be even a legal battle over it.

der mint

you betcha!

Oddly I think the stuff from the mint is the least confiscatable. Doubling back on their word and all, course it wouldn’t be the first time and they’ve said they can if they want to. CC card ability is useful at times. Already probably flagged long ago from those plastic and e digits and ebay etc. I like to get most of the annual mint issued pms for the collection, annual silver proof set etc. If anything just for historical purpose and enjoyment. And don’t regret a few proof buffalos at 850. Nice coins. Not as impressed with the new bald eagle series now that they finally arrived. The silver one oz the plastic holder doesn’t even fit properly, kinda shoddy given the spot price premium. The gold one is a cute small addition to the vault though.

And one more thought on confiscation, well… if it comes to that it is all game over anyways. They’ll snag ya’lls portfolios of shares and safe depot boxes (is that an oxymoron? lol) long before they get around to trying to duke it out with me face to face.

fgc…

Thats the way I’m leveraged at the moment. Long a basket of big cap producers, some juniors and short the QQQQ’s looking for another leg down. I think grin has a chart somewhere where he shows the divergence taking place between the two. The stock market looks tired in here to me and the PM complex looks strong, especially if we can get above the top rail of our bullish rising wedge formations. A true divergence seems to be taking place right now and when people finally see the light, that the stock market is going down and the PM complex is going up, money will start to flow into all sectors of the commodities bull as a flight to safety and preservation of capital.
All the best to you fgc…Rambus
dow-gold.png

now we need a Sun God and dehumidifer for Wanka


Florida

Wow, I knew u guys were amazing! Cool thanks.

goldielocks @ 17:39 pm — will these do?

Cheer! Cheer! Cheer! Cheer! Cheer! Cheer! Cheer! 

Tribal Dance 

Florida

How about one of those face sculptures with a gras skirt and spear to get it going again. OH well actually I have to work the next ten days with only one off after 9 so probably be too tired to think so if it slows right now all will be well with me.