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For bottom pickers and knife catchers

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Anyone care to comment on BSL's chart below and confirm/deny my suspicions we have a bottom pick?
 

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Garpal Gumnut said:
Any picks?

gg
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I've been long in this company for a while, but check out RED5 Limited. Over sold, valuable SP and near term producer. Decent fundamentals - debtless, surplus and pending operations. Price of Gold on the rise - profits to be made in the near term. To what extent it will rise I don't know but my target is 28c.

DYOR :)
 
sammy84 said:
:confused:

View attachment 44749
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*sigh

I have never known a commodity or product or equity to rise and sustain its rise in a straight bloody line.

The POG in the short term is back on the rise from its sudden drop of 1900/oz to 1550/oz in USD.

The Long term POG is in a sustained up trend bar the profit taking.

The POG is going to remain on a higher scale so long as there is inflation, uncertainty and issue.

Your confusion is most likely based on your perception of the chart showing a slump perhaps subconsciously anticipating a massive correction?

Heh....
 
LostMyShirt said:
*sigh

I have never known a commodity or product or equity to rise and sustain its rise in a straight bloody line.

The POG in the short term is back on the rise from its sudden drop of 1900/oz to 1550/oz in USD.

The Long term POG is in a sustained up trend bar the profit taking.

The POG is going to remain on a higher scale so long as there is inflation, uncertainty and issue.

Your confusion is most likely based on your perception of the chart showing a slump perhaps subconsciously anticipating a massive correction?

Heh....
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So according to your response short term the trend is up, and long term the trend is up, just medium term is ummm...not up. I wouldn't like to be a medium term investor.

A parabolic rise followed by a parabolic drop typically signal the end of a trend for me (at least for the time being). One only needs to look to AUD/USD for another example.

P.S the long term chart of the XAO is also up bar the profit taking ;)
 
sammy84 said:
So according to your response short term the trend is up, and long term the trend is up, just medium term is ummm...not up. I wouldn't like to be a medium term investor.

A parabolic rise followed by a parabolic drop typically signal the end of a trend for me (at least for the time being). One only needs to look to AUD/USD for another example.

P.S the long term chart of the XAO is also up bar the profit taking ;)
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Gold is on a sustained up - which is a no brainer, though I thought I'd mention it.

In the medium term gold saw some consolidation when it spiked up to 1900/oz, then corrected to range 1600-1650. However; the trading range as mentioned prior has been breached by the sudden influx of buying per world economic sentiment. So long term sustained up, medium term has slumped from its peak, and short term we are on the way up. So what you are telling me is that the rise and drop has signaled hte end of the trend - what is that even supposed to mean? This is not intraday stock or futures trading, this is Gold.

Is that so hard to understand?

And yes I realize the XAO is on a long term up bar the medium term consolidation. The XAO may have very well continued to peak had 2008 not happened. ;) ;) ;) ;) ;) <------------------------------------------------------------------------------------------------------------------------------------------------------------------------
 
BLY, GRR, IMD, GBG, APZ, ASL, MAH, LYC, EHL.... and so on.

APZ up 9% today, the others look like they have further to go.

What type of bottoms are expected and when? Sharp V-reversals, rounded, inverted H&S, none, this week, next...?
 
Gringotts Bank said:
BLY, GRR, IMD, GBG, APZ, ASL, MAH, LYC, EHL.... and so on.

APZ up 9% today, the others look like they have further to go.

What type of bottoms are expected and when? Sharp V-reversals, rounded, inverted H&S, none, this week, next...?
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DMA - Dynasty Metals Australia

Pros: Low shares on issue, tiny market cap. Huge resource. Similarities to Brockman Mining. Top 20 hold 60%.

Cons: Declining Iron Ore Price, Questionable Management?
 
Seems so painful and market conditions are so awful and the future is extremely bearish.
Maybe this is the day that is a strong buy signal ?? How often can you buy stocks this cheap - we haven't seen mining stocks this cheap for the last 5 years! Is this a major change in the market or the best opportunity around ?
Too good to be true!
 
Plenty of non-resource stocks holding their ground well. Someone mentioned two-speed market on another thread a while back.
 
mr. jeff said:
Seems so painful and market conditions are so awful and the future is extremely bearish.
Maybe this is the day that is a strong buy signal ?? How often can you buy stocks this cheap - we haven't seen mining stocks this cheap for the last 5 years! Is this a major change in the market or the best opportunity around ?
Too good to be true!
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Some gold stocks should be heading that way if the money printing actually causes the inflation the bugs are expecting. George Soros bleeding. Faber, Schiff and Rogers must be buying about now.
 
kennas said:
Some gold stocks should be heading that way if the money printing actually causes the inflation the bugs are expecting. George Soros bleeding. Faber, Schiff and Rogers must be buying about now.
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Is there a link you can direct me to regarding Soros' gold position? Thanks
 
Google George Soros GLD....

Lots of stuff

He recently unwound his GLD position....weeks ago.

CanOz
 
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