Oroborean

Oroborean

Contributor since: 26 Feb 2010

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• Precious Points: The Bubble Inside the Bubble

  Published 24 February 2008 | viewed 3,845 times

  "Despite seasonality beginning to work against gold and silver, there is no bearishness or call to short here. Copper could be set to break out…

• Precious Points: Bull Markets in Metals

  Published 17 February 2008 | viewed 3,037 times

  Those looking for $1k gold continue to be thwarted as the monetary metals have to prove themselves in the short term by taking out key…

• Precious Points: Ready, Set, Retrace

  Published 10 February 2008 | viewed 4,062 times

  "We've already seen the start of support above the 5-week moving average, about $900, and could see a healthy retracement next week that still won't…

• Precious Points: New Month, New Direction?

  Published 03 February 2008 | viewed 4,002 times

  "Though gold moved to record highs again this week, that doesn't rule out the possibility of a corrective phase having begun earlier this month. A…

• Precious Points: Can't Keep a Good Metal Down

  Published 26 January 2008 | viewed 3,219 times

  "The first resistance level in gold [is] at about $890, while ... support [is] at about $861. The wide latitude ... represents a range for…

• Precious Points: Let Them Eat Cake!

  Published 20 January 2008 | viewed 3,406 times

  "Now that gold has hit $900, the question becomes whether this magnetic price that played on the yellow metal for weeks, calling it ever upward,…

• Precious Points: Gold and Inflation

  Published 12 January 2008 | viewed 3,043 times

  "Any perception of the Fed's stinginess might play into a consolidation period for metals and could also start a rally in the dollar that has…

• Precious Points: Wave 1 Done?

  Published 06 January 2008 | viewed 3,412 times

  From a technical standpoint, gold still has room to run, at least up to the November high and probably beyond. Whereas the technical picture in…

• Precious Points: Super Breakout!

  Published 29 December 2007 | viewed 4,600 times

  "The move from a triangle e should be a powerful thrust that breaks out of the triangle. Though Friday's action began strongly, it stalled in…

• Precious Points: Bull Trap in Gold?

  Published 22 December 2007 | viewed 4,245 times

  "If the triangle is going to prove correct, the question becomes whether the e wave low is in place or is another small low to…

• Precious Points: More "Tough Love" from Bernanke and Co.

  Published 15 December 2007 | viewed 2,838 times

  "I've been following a fourth wave triangle consolidation pattern in gold that, as the daily chart below reveals, is still valid. Taking out the 50-day…

• Precious Points: Consolidation in Gold and Silver

  Published 12 December 2007 | viewed 3,372 times

  December 08, 2007 "This update has been writing for weeks that it would be relative weakness in Europe that would cause exchange rates to tip…

• Precious Points: Fairweather Friends

  Published 02 December 2007 | viewed 3,032 times

  "With each passing week, the pressure on the Fed threatens to bubble over, and it's becoming more and more likely the FOMC will again find…

• Precious Points: Is the Fed All Talk?

  Published 19 November 2007 | viewed 2,695 times

  "The power of the Fed to literally change the game... cannot be ignored. Anti-gold forces now stand as ready as ever to force a consolidation…

• Precious Points: Judgments Affirmed!

  Published 11 November 2007 | viewed 3,434 times

  Rising metals prices ... tend to erode the credibility of fractional reserve lending and fiat currency. In all likelihood the FOMC would lower rates again…

• Precious Points: Its A Hit!

  Published 04 November 2007 | viewed 3,088 times

  The path of least resistance continues for the moment to be upward... With financial markets undoubtedly improving, stocks performing reasonably well, and gold and oil…

• Precious Points: The Mighty B.B.

  Published 27 October 2007 | viewed 4,410 times

  The 5-week simple moving average in gold has been explicitly mentioned in the TTC forums and chatroom as the bare minimum for confirmation of a…

• Precious Points: Cut, Bernanke, One More Time!

  Published 20 October 2007 | viewed 4,026 times

  So, we didn't get our liftoff last week exactly as expected, or perhaps it's still playing out, but the issue for the bigger picture in…

• Precious Points: Liftoff?

  Published 13 October 2007 | viewed 4,429 times

  "If ... an ongoing correction pattern since the May 2006... proves to be the case, gold will have to plunge at least to the 50-week…

• Precious Points: T-minus five, four, three ...

  Published 06 October 2007 | viewed 3,839 times

  The biggest threat to metals right now is still the May 2006 highs and the perception that we could be in a corrective pattern from…