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الخميس، 10 يونيو 2010

  1. Welcome,

    In this thread I'll be sharing my analysis and charts of the gold and silver markets, along with the miners. I may pop in some other charts just for the hell of it, but we'll see how it goes. One of the reason's I have decided to create this thread was there was a lot of talking in this section, but not as much charts being tossed around. You can also never have enough charts, eh? Ill try and update this every couple of days depending on my schedule.

    Little info: I am more of a technical trader, than trade on fundamentals/rumors/news, but still keep each in the back of my mind. As a personal preference I like to keep my charts clean, and not have as much lines going every which way.

    Just a little disclaimer before we more on. I know it's stressed everywhere but please DYODD before entering any trade. Do not rely solely on what other people tell you. These charts that I'm posting are for a broad look into the markets. Any losses are at your own expense.

    Enough jibber-jabber, let's look at some charts. I'll be using the etf's as a proxy for the actual metals.

    GLD made a strong move through resistance at 111, with a confirmation of broken resistance, now turned support. It is my belief that we will get some sideways action before moving higher. A retest of the 111 level looks probable.

    SLV like GLD, SLV made a strong move through resistance at 17.50. It is my opinion that we will retest the 17.50 support before moving to 18.50 and beyond.

    UUP the etf for the USD bounced of the lower trend line, and looks to be stalling out. Could get a retest of the lower trend line again. It's been incredible with the strength in gold and silver, considering the USD keeps going up. I guess the European's are getting into anything but the euro it seems.






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    4dabopper (04-20-2010)

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    Default Re: CanuckTrader's Charts.

    CDE had a nice move up today on news. It is sitting right at resistance, and is poised to break it. There's a couple resistance levels coming up, but if we continue to see a strong gold + equities market we could see the recent 24.90 high taken out.


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    Default Re: CanuckTrader's Charts.

    I got a bunch of charts for you guys today.

    The metals had another strong move up today while equities had a big rally at the end of the day on some heavy volume. Dow briefly touched 11k again which is significant.

    First charts here are the USD and Euro. Euro is looking to break its down trend, while the USD is looking to break its up trend. If it happens (which I believe will) it will put some wind under the metals and equity markets. It's going to be interesting to see what comes out of this weekend on the Greece front.





    GLD and SLV made some nice gains today. Both looking to move higher. It is my opinion that if the 113 resistance on GLD and 18.50 resistance on SLV break we will see a quick move to the recent highs of 120 and 19.25.





    One company I've been interested in is North American Palladium. It's been moving really nice with the strength in metals. PAL closed above its 61.8% fib. retrace. level today and is looking to test the 5.00 level next week. A break of the 5.00 level should shoot us right up to 5.50.


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    scofield (04-11-2010), Strawboss (04-09-2010)

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    Default Re: CanuckTrader's Charts.

    Nice charts Canuck. Keep em coming...
    Jesus Christ IS the only true hope any of us has.

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