posted
IIP got my eye here as it had a doji candle thursday and a hammer friday. Looking for this to test .47 .50 .52 possible if we turn up here
DKGR doji thursday, hammer friday, could be nearing its end of its consolidation. IMO base now is at .012 asking price and we could be ready for next move up to test .02 .025 .03 by months end
AMEP starting to catch my eye, a nice add .048 and resistance at .055 .056 .063 .065 ahead if we continue up, i personally like it to add at the base of .05 range for a possible move
GCOG moving up nice and steady lately, resistance at .047 .05 ahead
IMTR if it can break and hold over .005 it will have broken and held over its 200 MA line and might test .007 after that again
PTSC from our email alert the other day at .39 here looks like it might want to retest .46 again tuesday, keep it on radar
*Adding* LAMP from last week, I said it would dip friday and it did, I think this week we recover as the stock finally gets back INSIDE its upper bollinger after some profit taking and consolidation
posted
The Pick of the Week for Feb 20th Drake Gold Resources (DKGR) Feb 20th .014 Target Price .28 Industry: A brand-new company that focuses on The exploration and production of precious metals Disclosure: We Own Shares
quote:Originally posted by Stock_Analyzer: IIP got my eye here as it had a doji candle thursday and a hammer friday. Looking for this to test .47 .50 .52 possible if we turn up here
DKGR doji thursday, hammer friday, could be nearing its end of its consolidation. IMO base now is at .012 asking price and we could be ready for next move up to test .02 .025 .03 by months end
AMEP starting to catch my eye, a nice add .048 and resistance at .055 .056 .063 .065 ahead if we continue up, i personally like it to add at the base of .05 range for a possible move
GCOG moving up nice and steady lately, resistance at .047 .05 ahead
IMTR if it can break and hold over .005 it will have broken and held over its 200 MA line and might test .007 after that again
PTSC from our email alert the other day at .39 here looks like it might want to retest .46 again tuesday, keep it on radar
*Adding* LAMP from last week, I said it would dip friday and it did, I think this week we recover as the stock finally gets back INSIDE its upper bollinger after some profit taking and consolidation
thanks for bringing em, SA
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
IP: Logged |
posted
UPDATE 5-Gold jumps to 10-day high on firm oil, drop in dollar Monday 20 February 2006, 11:01am EST
By Atul Prakash
LONDON, Feb 20 (Reuters) - Gold prices moved to 10-day highs on Monday supported by a rise in crude oil and a drop in the dollar, and dealers said the metal was expected to extend gains.
Other precious metals followed gold higher after tumbling in the previous week, with platinum rising nearly two percent and silver climbing to its highest in more than a week.
"The downside appears quite limited at present...There are factors pointing to further gains in the gold market in the short term," said Yingxi Yu, precious metals analyst at Barclays Capital, citing firm oil prices and a weakening dollar.
Gold <XAU=> rose as high as $556.60 an ounce before easing to $554.50 at the afternoon fixing, compared with $551.70/552.60 in New York on Friday.
Traders said physical demand was slow, while there was also little investment interest, as the New York futures market is closed on Monday due to the Presidents Day holiday.
Gold fell to a one-month low around $534 early last week as the market consolidated after a steep correction from a 25-year high of $574.60 reached on Feb. 2.
"Obviously, the New York holiday is leaving market conditions quite thin and the trade is looking at the background noise such as the dollar and oil prices," said James Moore, precious metals analyst at TheBullionDesk.com.
Asian and European players bought back metals as oil prices leapt after Nigerian rebels bombed pipelines and a major tanker terminal over the weekend, knocking out 19 percent of supplies from the world's eighth biggest crude exporter.
Gold is often seen as a hedge against inflation.
The dollar stayed in tight ranges against the euro after falling earlier on Monday, with the U.S. currency's yield potential seen as a supportive factor even after mixed economic data late last week. At 1400 GMT it was quoted around $1.1944.
"We remain cautious about the near term outlook for gold, as the recent corrections have yet to see convincing interest from the jewellery market, which is normally responsible for 80 percent of gold demand," said John Reade, analyst at UBS Investment Bank.
Gold futures on the Tokyo Commodity Exchange <0#JAU:> also gained, with the benchmark December contract closing at 2,137 yen ($18.08) per gram, up 2 percent or 41 yen from Friday's Tokyo settlement.
ACQUISITION TALKS
The market noted a report that said a Canadian court has approved South Africa's Gold Fields Ltd's (GFIJ.J: Quote, Profile, Research) plan to acquire Bolivar Gold Corp. (BGC.TO: Quote, Profile, Research).
The deal is expected to be completed by the end of February, the firms said on Monday. [nL20359330]
Platinum <XPT=> rose 2.1 percent to $1,029 an ounce, settling at $1,028/1,032, against $1,008/1,013 in New York.
"A lot of it is to do with the Lonmin speculation. The market is just taking advantage of thin conditions," said Moore of TheBullionDesk.com.
South African platinum miner Lonmin Plc (LMI.L: Quote, Profile, Research) said on Friday it was in talks over a possible bid for the company. A source at Gold Fields Ltd (GFIJ.J: Quote, Profile, Research), said on Monday it had not made a bid, nor was it in talks.
Spot silver <XAG=> was quoted at $9.49/9.52, compared with $9.42/9.45 in New York on Friday. Palladium <XPD=> was up at $288/292 from $285/289.
IP: Logged |
posted
[QUOTE]Originally posted by Stock_Analyzer: [qb] IIP got my eye here as it had a doji candle thursday and a hammer friday. Looking for this to test .47 .50 .52 possible if we turn up here
DKGR doji thursday, hammer friday, could be nearing its end of its consolidation. IMO base now is at .012 asking price and we could be ready for next move up to test .02 .025 .03 by months end
AMEP starting to catch my eye, a nice add .048 and resistance at .055 .056 .063 .065 ahead if we continue up, i personally like it to add at the base of .05 range for a possible move
GCOG moving up nice and steady lately, resistance at .047 .05 ahead
IMTR if it can break and hold over .005 it will have broken and held over its 200 MA line and might test .007 after that again
PTSC from our email alert the other day at .39 here looks like it might want to retest .46 again tuesday, keep it on radar
*Adding* LAMP from last week, I said it would dip friday and it did, I think this week we recover as the stock finally gets back INSIDE its upper bollinger after some profit taking and consolidation
thanks for bringing em, SA
[ February 20, 2006, 23:57: Message edited by: BuyTex ]
-------------------- Nashoba Holba Chepulechi Adventures in microcapitalism...
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