Go to Jeff Salisbury LWGate Home Page.From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] gold rally
Date: Sun, 24 Mar 2002 10:12:40 -0500
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This is a multi-part message in MIME format. - ------=_NextPart_000_00A1_01C1D31C.6DF82AD0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable thanks, Robert sounds like another sucker rally to me. Until the economy truly picks up = steam, there is unlikely to be any real consumption demand from = manufacturers for gold. Tom Worley stkguru@bellsouth.net AIM: TexWorley - ----- Original Message -----=20 From: Robert McGill=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 10:03 AM Subject: Re: [CANSLIM] gold rally 1. speculative fund buying triggered pre-placed purchase orders/buy = stops & generated further buying by funds. 2. expected participants in = gold trade to sell into gains, but instead pushed it higher egging funds = to continue adding to long positions. 3. weaker yen against dollar & = procrastination toward fighting deflation have rattled investor = confidence in Japan's banking system & spurred demand for gold. 4. = predominant influence was stop-loss buying @ 294-296 which we ran = through. 5. gains in gold mining equites cited as supportive of rally = as historically they are leading indicators for underlying commodity = price. 6. funds showed willingness to roll April contracts forward to = June futures instead of liquidating them, show trader confidence of = uptrend. 7. rally stopped at major resistance of 298. Possible = follow-through gains on Mon, but expected to test bottom of trading = range 294-298 before moving higher. 8. Move through 298 expectred to = target buy stops above 300. support for April now seen @ failed = resistance of 295. From: Tom Worley=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 9:27 AM Subject: Re: [CANSLIM] gold rally sorry, Robert, the page is only available to subscribers. Perhaps you = could summarize? Tom Worley stkguru@bellsouth.net AIM: TexWorley ----- Original Message -----=20 From: Robert McGill=20 To: canslim@lists.xmission.com=20 Sent: Sunday, March 24, 2002 9:17 AM Subject: [CANSLIM] gold rally = http://online.wsj.com/article/0,4286,SB1016818583942444200-gold,00.html?c= ollection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%3E%28article%2Dbody%= 29 - ------=_NextPart_000_00A1_01C1D31C.6DF82AD0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 6.00.2713.1100" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV><FONT face=3DArial>thanks, Robert</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>sounds like another sucker rally to me. Until = the economy=20 truly picks up steam, there is unlikely to be any real consumption = demand from=20 manufacturers for gold.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV>Tom Worley<BR><A=20 href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20 TexWorley</DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Dbluecliff@hotmail.com = href=3D"mailto:bluecliff@hotmail.com">Robert=20 McGill</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Sunday, March 24, 2002 10:03 AM</DIV> <DIV><B>Subject:</B> Re: [CANSLIM] gold rally</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D2>1. speculative fund buying = triggered=20 pre-placed purchase orders/buy stops & generated further buying by = funds.=20 2. expected participants in gold trade to sell into gains, but = instead=20 pushed it higher egging funds to continue adding to long = positions. =20 3. weaker yen against dollar & procrastination toward fighting = deflation <A href=3D"mailto:ha@294-296">ha</A>ve rattled investor = confidence in=20 Japan's banking system & spurred demand for gold. 4. = predominant=20 influence was stop-loss buying @ 294-296 which we ran through. = 5. =20 gains in gold mining equites cited as supportive of rally as = historically they=20 are leading indicators for underlying commodity price. 6. = funds=20 showed willingness to roll April contracts forward to June futures = instead of=20 liquidating them, show trader confidence of uptrend. 7. rally = stopped at=20 major resistance of 298. Possible follow-through gains on Mon, but = expected to test bottom of trading range 294-298 before moving = higher. =20 8. Move through 298 expectred to target buy stops above 300. = support=20 for April now seen @ failed resistance of 295.</FONT></DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dstkguru@bellsouth.net = href=3D"mailto:stkguru@bellsouth.net">Tom=20 Worley</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Sunday, March 24, 2002 = 9:27=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] gold = rally</DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial>sorry, Robert, the page is only available to=20 subscribers. Perhaps you could summarize?</FONT></DIV> <DIV> </DIV> <DIV><FONT face=3DArial size=3D2>Tom Worley<BR><A=20 = href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20 TexWorley</FONT></DIV> <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20 <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20 title=3Dbluecliff@hotmail.com = href=3D"mailto:bluecliff@hotmail.com">Robert=20 McGill</A> </DIV> <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV><B>Sent:</B> Sunday, March 24, 2002 9:17 AM</DIV> <DIV><B>Subject:</B> [CANSLIM] gold rally</DIV></DIV> <DIV><BR></DIV> <DIV><FONT face=3DArial size=3D2><A=20 = href=3D"http://online.wsj.com/article/0,4286,SB1016818583942444200-gold,0= 0.html?collection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%3E%28art= icle%2Dbody%29">http://online.wsj.com/article/0,4286,SB101681858394244420= 0-gold,00.html?collection=3Dwsjie/30day&vql-string=3D%28gold%29%3Cin%= 3E%28article%2Dbody%29</A></FONT></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_00A1_01C1D31C.6DF82AD0-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". 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