Re: [CANSLIM] gold rally

From: "Ira Post" <ip108@yahoo.com>
Subject: Re: [CANSLIM] gold rally
Date: Sun, 24 Mar 2002 10:35:14 -0500

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Jim Sinclair, who was considered a top expert on currencies in the 70's =
predicted this rally last year.
  ----- Original Message -----=20
  From: Robert McGill=20
  To: canslim@lists.xmission.com=20
  Sent: Sunday, March 24, 2002 10:24 AM
  Subject: Re: [CANSLIM] gold rally


  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>Jim Sinclair, who was considered a top =
expert on=20
currencies in the 70's predicted this rally last year.</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 style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3Dbluecliff@hotmail.com =
href=3D"mailto:bluecliff@hotmail.com">Robert=20
  McGill</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 =
10:24=20
  AM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] gold =
rally</DIV>
  <DIV><BR></DIV>
  <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,&nbsp;and continues to be so.&nbsp; Go to =

  clearstation and pull up the recommend list of "goldtrader1".&nbsp; =
This guy=20
  has been kicking butt and taking names and is the only person doing =
so.&nbsp;=20
  Pay particular attention to his closed positions and lack of =
losses.&nbsp; The=20
  small cap value etfs have been outperforming the small cap growth as =
would=20
  have been expected in early stage recovery however this should change, =
only=20
  question is when.&nbsp; Not too hard to follow though.&nbsp; When it =
does=20
  happen is when I would expect canslim stocks to start sustaining =
moves,=20
  although I do like MGAM @ this time. and still long IJS.</FONT>----- =
Original=20
  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>=
=20
    </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>&nbsp;</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>&nbsp;</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>=
=20
    </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.&nbsp; speculative fund buying =
triggered=20
    pre-placed purchase orders/buy stops &amp; generated further buying =
by=20
    funds. 2.&nbsp; expected participants in gold trade to sell into =
gains, but=20
    instead pushed it higher egging funds to continue adding to long=20
    positions.&nbsp; 3.&nbsp; weaker yen against dollar &amp; =
procrastination=20
    toward fighting deflation <A href=3D"mailto:ha@294-296">ha</A>ve =
rattled=20
    investor confidence in Japan's banking system &amp; spurred demand =
for=20
    gold.&nbsp; 4.&nbsp; predominant influence was stop-loss buying @ =
294-296=20
    which we ran through.&nbsp; 5.&nbsp; gains in gold mining equites =
cited as=20
    supportive of rally as historically they are leading indicators for=20
    underlying commodity price.&nbsp; 6.&nbsp; funds showed willingness =
to roll=20
    April contracts forward to June futures instead of liquidating them, =
show=20
    trader confidence of uptrend.&nbsp; 7. rally stopped at major =
resistance of=20
    298.&nbsp; Possible follow-through gains on Mon, but expected to =
test bottom=20
    of trading range 294-298 before moving higher.&nbsp; 8.&nbsp; Move =
through=20
    298 expectred to target buy stops above 300.&nbsp; support for April =
now=20
    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=20
      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=20
      subscribers. Perhaps you could summarize?</FONT></DIV>
      <DIV>&nbsp;</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&amp;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&amp;vql-string=3D%28gold%29%3Cin%=
3E%28article%2Dbody%29</A></FONT></DIV></BLOCKQUOTE></BLOCKQUOTE></BLOCKQ=
UOTE></BODY></HTML>

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