Go to Jeff Salisbury LWGate Home Page.From: "Robert McGill" <bluecliff@hotmail.com>
Subject: Re: [CANSLIM] gold rally
Date: Sun, 24 Mar 2002 10:24:00 -0500
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I thought the same thing re economy picking up having ties to gold =
demand but the rally over the last 12 mos or so has been very impressive =
without this, and continues to be so. Go to clearstation and pull up =
the recommend list of "goldtrader1". This guy has been kicking butt and =
taking names and is the only person doing so. Pay particular attention =
to his closed positions and lack of losses. The small cap value etfs =
have been outperforming the small cap growth as would have been expected =
in early stage recovery however this should change, only question is =
when. Not too hard to follow though. When it does happen is when I =
would expect canslim stocks to start sustaining moves, although I do =
like MGAM @ this time. and still long IJS.----- Original Message -----=20
From: Tom Worley=20
To: canslim@lists.xmission.com=20
Sent: Sunday, March 24, 2002 10:12 AM
Subject: Re: [CANSLIM] gold rally
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
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<BODY bgColor=3D#ffffff>
<DIV><FONT face=3DArial size=3D2>I thought the same thing re economy =
picking up=20
having ties to gold demand but the rally over the last 12 mos or so has =
been=20
very impressive without this, and continues to be so. Go to=20
clearstation and pull up the recommend list of "goldtrader1". This =
guy has=20
been kicking butt and taking names and is the only person doing =
so. Pay=20
particular attention to his closed positions and lack of losses. =
The small=20
cap value etfs have been outperforming the small cap growth as would =
have been=20
expected in early stage recovery however this should change, only =
question is=20
when. Not too hard to follow though. When it does happen is =
when I=20
would expect canslim stocks to start sustaining moves, although I do =
like MGAM @=20
this time. and still long IJS.</FONT>----- Original Message ----- </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 =
10:12=20
AM</DIV>
<DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] gold =
rally</DIV>
<DIV><BR></DIV>
<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=20
economy truly picks up steam, there is unlikely to be any real =
consumption=20
demand from 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=20
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. =20
predominant influence was stop-loss buying @ 294-296 which we ran=20
through. 5. gains in gold mining equites cited as =
supportive of=20
rally as historically they are leading indicators for underlying =
commodity=20
price. 6. funds showed willingness to roll April contracts =
forward=20
to June futures instead of liquidating them, show trader confidence of =
uptrend. 7. rally stopped at major resistance of 298. =
Possible=20
follow-through gains on Mon, but expected to test bottom of trading =
range=20
294-298 before moving higher. 8. Move through 298 =
expectred to=20
target buy stops above 300. support for April now seen @ failed=20
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>=
=20
</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 =
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>=
=20
</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></BLOCKQUOTE></BODY><=
/HTML>
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