> AUY is still trading with the dow but gold is also up this morning $20/
> oz, so we have a win/win for gold miners as the dow clawed back into
> positive/even territory. However, I don't like how influenced AUY is
> to broader equity pressure. If I was in under $9 I'd probably take the
> money here and run, unless you believe gold keeps climbing from here.

> Problem is that for this to continue, we really need the dollar to
> slide, in order to keep the dow green, and to push gold higher. Gold
> is not higher today solely because of the dollar, so there is
> something else at work.

> BUT AUY is seeing some heavier volume here, eh? Something is up with
> gold... with unemployment numbers coming on friday, we could see a low
> number weaken the dollar and push us higher, or we could see a
> terrible horribly high number which will send us way lower even if
> gold rises. But I think most likely it comes in close to expectations,
> so who's got another catalyst?

> I say this is the way up...

> 3month symmetrical triangle break out, with a 6 month ascending
> triangle break out WITH volume support!

> Doesn't get more supportive in terms of technicals.

> Price target = $11.50

> In general, there is a strong inverse relationship between gold and
> USD. However, the dollar doesn't need to slide for gold to rise. For
> the market to drop like it did yesterday... it means that sentiment of
> people are thinking to hedge gold in respect to the general market
> weakness.  Transfer of money from  equity stocks ---> commodity gold =
> increase demand --> rise in price.

> This is my best guess... I could be wrong.

> On Sep 2, 11:45 am, "B.T." <b.t.hand...@gmail.com> wrote:

> > AUY is still trading with the dow but gold is also up this morning $20/
> > oz, so we have a win/win for gold miners as the dow clawed back into
> > positive/even territory. However, I don't like how influenced AUY is
> > to broader equity pressure. If I was in under $9 I'd probably take the
> > money here and run, unless you believe gold keeps climbing from here.

> > Problem is that for this to continue, we really need the dollar to
> > slide, in order to keep the dow green, and to push gold higher. Gold
> > is not higher today solely because of the dollar, so there is
> > something else at work.

> > BUT AUY is seeing some heavier volume here, eh? Something is up with
> > gold... with unemployment numbers coming on friday, we could see a low
> > number weaken the dollar and push us higher, or we could see a
> > terrible horribly high number which will send us way lower even if
> > gold rises. But I think most likely it comes in close to expectations,
> > so who's got another catalyst?- Hide quoted text -

> - Show quoted text -

> I have no useful insight, but I'm liking the way that today is going.
> Up, up, and away! Go, go, go!!!

> On Sep 2, 10:23 am, codemaxta <codema...@gmail.com> wrote:

> > I say this is the way up...

> > 3month symmetrical triangle break out, with a 6 month ascending
> > triangle break out WITH volume support!

> > Doesn't get more supportive in terms of technicals.

> > Price target = $11.50

> > In general, there is a strong inverse relationship between gold and
> > USD. However, the dollar doesn't need to slide for gold to rise. For
> > the market to drop like it did yesterday... it means that sentiment of
> > people are thinking to hedge gold in respect to the general market
> > weakness.  Transfer of money from  equity stocks ---> commodity gold =
> > increase demand --> rise in price.

> > This is my best guess... I could be wrong.

> > On Sep 2, 11:45 am, "B.T." <b.t.hand...@gmail.com> wrote:

> > > AUY is still trading with the dow but gold is also up this morning $20/
> > > oz, so we have a win/win for gold miners as the dow clawed back into
> > > positive/even territory. However, I don't like how influenced AUY is
> > > to broader equity pressure. If I was in under $9 I'd probably take the
> > > money here and run, unless you believe gold keeps climbing from here.

> > > Problem is that for this to continue, we really need the dollar to
> > > slide, in order to keep the dow green, and to push gold higher. Gold
> > > is not higher today solely because of the dollar, so there is
> > > something else at work.

> > > BUT AUY is seeing some heavier volume here, eh? Something is up with
> > > gold... with unemployment numbers coming on friday, we could see a low
> > > number weaken the dollar and push us higher, or we could see a
> > > terrible horribly high number which will send us way lower even if
> > > gold rises. But I think most likely it comes in close to expectations,
> > > so who's got another catalyst?- Hide quoted text -

> > - Show quoted text -