Rock Gold Floor $1000USD

Da Rock tries inna vain ta................find article 'bout...............what's next fo' Gold/Silver.......etc...........

All we gots.........issa Bullish..........bearish.............nuttin.......wit sense........assa ta short term..........found ones onna commodities.........see followin'

So.............i gots ta makes it up myself:

Da Rock believes.........no catastrophic crash...........ta ....belows $1000.......belows $900 fo' Gold comin's soon....

Why??.......da Support by Chinese middle class & Govt..........Indian buyin......weddin's season..........MidEast buyin..................inna any weakness o' Gold..............

Therefore.........any weakness.........ta $1000-$1040 will be met by buyin.......

Today.......seems ta bear dis out..........Gold holdin's @ $1038 assa we bash keyboards........

Da Rock sees buyin's........onna da major Gold Stocks.........means good fo' gold price.........

Just da way I see dat!
HardRock

PS:  Here's what I said yesterday.............


=========================================

Let's see iffa da Asia/mideast floor setting fo' gold holds above $1000 anna silver above $17usd

Check da charts belows................iffa I was buyin's...........good entry points taday fo:

HL - Silver miner.......gonna surprise mo' wit Green Creek production; got gold too

SLW - unique low risk business model........most risks gone.........no production costs.......

NGD - deliverin' onna mid tier production...........

GBG - emergin' producer........gonna surprise wit on time and hi volume...........

CLF - Coal/Iron ore.........steady upwards wit .........furnaces turnin' back up..........

UC - News taday..........drillin' onna 2 fronts inna da ROF anna Silver production inna Mex @ 11 cents.....

SBT - Silver bullion.............nuff said........

GPF - Gold anna stocks.............nuff said........

PBU - Precious Bullion.............Platinum/Gold/Silver - tri -holdin's o' bullions

Just da way I see dat!
HardRock





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About this author:

It all seems so easy when things go your way but then almost without warning they turn on you with no apparent warning! Anyway getting straight to the point – has anything changed over the last few days to bring into question the rally in commodities and particularly the breakout of the CRB over the last few weeks?

Let us look at commodities from three perspectives:

  1. Using our own proprietary commodity index.
  2. The performance of US Treasuries TIP vs. non TIP.
  3. Commodity currencies relative to the USD.

From these we should get a fair idea of any cracks appearing in the commodity “trade.”

We constructed our own proprietary commodity index using five critically important commodities which are not constituents of any of the popular commodity indices and accordingly are not so subject to speculative trade. These commodities are polyethylene, wool, coal, rubber, and pulp. Each commodity has an equal weight in the index. From the chart below there does not appear to be a problem in the uptrend.

From an inflation expectation perspective it appears that inflation protected 10 year US Treasuries are on the verge of breaking to a multi-week high against conventional 10 year US Treasuries. This suggests that inflationary expectations are rising rather than falling which can only be supportive of more upside in commodities over the coming weeks or months.

If we create an index of the Aussie, Kiwi, Rouble, Rand, and Real against the USD we get a good picture of how commodity currencies are performing. Commodity currencies are generally leading indicators for the behaviour of commodities themselves. There does not appear to be any loss of momentum in commodity currencies relative to the USD (or the JPY for that matter).

From the charts above we conclude that the weakness we witnessed over the last three days in the CRB and other board based commodity indices such as the Rogers, DJAIG, and Goldman Sachs composites was entirely within the confines of normal volatility (some may use the term profit taking). Until we see evidence to the contrary (i.e. breakdowns in the three indices above) we continue to be positioned for more upside in commodities… and of course continue to keep a rabbit’s tail in our back pockets.

Disclosure: Long DBC, SLV, TBT.


=============================
    
    da Rock issa using dese charts ta keep regular tabs ..........onna ma subjects o' interest ta moi. 
       
        ma interests are:
        A.   Gold/Silver Trends
        B.   Copper & base metals
        C.   Miners......wit possible big gains
       
        Note: sum o' dese charts ta do wit ratios; report yestaday's numbers; da stock ones are up ta date!
       
       
*********** comments 'ere issa only fo' enfotainment reasons *************
        *************************** Not financial advice
***********************************
       
=============================================================================

        A.   Gold/Silver Trends
       
       
Kitco Gold - 48 hrs:
       
Live 24 hour Gold Chart
       
        Still waitin' fo' da delayed + June 12th break through $1000 USD
       
Got dat.....but now what??? ..Broke record now what???
   

        
   

   

   

 Kitco Silver - 48 hours
        
    * Fallen behind Gold inna ratio.......due fo' catchup
   
   
   
   
       
Price o' Gold:
       
 - Gold Price Daily
       
       
*  Broke $1000 & record - now what???
       
       
Gold - Weekly
       
$GOLD (Weekly)
    * Da answer issa 'ere inna da weekly .......
        * Da Rock notes a assymetrical pennant...indicatin'  a Massive Breakout ta topside comin'
       

        GLD ETF

        - usin' dis ta checks fo' Volume
       
GLD (Daily)
       
       
        HUI - Gold Bugs Index:
       
 - Popular 15 unhedged Gold Miners
       

   
*  HUI retreats from high...
    *  Gotta look back ta da Gold weekly ta understand dis........normal consolidation
       
       

        Gold Stock ETF:
        - 34 Gold/Silver Miners
       
   
*.....da Rock's waitin's fo' money moves ta Juniors........
    *Have ya seens do's breakouts by sum juniors???
        
        

        HUI ta Gold Ratio
       
- Gold Stocks leads Gold inna Bull Run
       
   
*  Stocks leadin's agin
   
*  Ratio breaks 50 dma
       
       
       
GDM Bullish Percent Indicator:
       
- Trend indicator fo Gold Miners
   
   

      


   

        
       
$BPGDM (Weekly)
    *  Note dat dis indicator since Jan 2009 has traced a risin' pennant formation.....Bullish fo' breakout ta da up side....Soon
       
       
       
Gold Corp - Big Gold:
       
 - Unhedged anna inna Cannuckland
       

       
*  Dis issa ma own proprietary indicator...........ma thoughts are
        dis guy issa fully priced...........Glamourous but expensive........
        ..........Monies movin's ta Mids anna Juniors...........
       
       

       

        Gold vs S&P 500:
       
- to be in Gold or Stocks
       

       

        *  lookin fo' direction ; cuz they both movin's up.....
    .....regular mkts supply cash fo' minin' juniors.....
        
        
        S&P 500 Index
        - 500 Large Cap Universe inna USA
       
        *SPX hassa neva looked back........recovery issa on track.......
        * Recovery issa good fo' Gold.............
        
        
    S&P500 Showin's da bottoming Head & Shoulders
       
$SPX (Weekly)
 

   

      

* Da Rock's read o' dis issa............right shoulder issa higher dan left shoulder.....
        *  Bullish fo' recovery
       

       
       
       
TSX Composite
        - Da Canuckland index
       
        *  Main pattern issa up..............
        *  TSX over 50dma
       
   
   

=================================================================
     
B.   Copper, Commodities & Metals
   

    CDNX Venture
       
 - Proxy fo' ma Junior Golds/Metals
       

   
* Like everyting else........up ....anna...up
    * Winter season should be good ta Venturites........
        
        

   
Continuous Commodities Index
       
 - 17 key commodities
       

        * Commodities issa da major theme fo' next 3 years
        * looks like da Nat Gas rocket........goin' ballistics

   
    $CCI (Weekly)

Silver ETF:
       
 -  Silver follows Gold; wit bigger gains
$SILVER (Daily)
    * Pullback means mo' opps.....
    * dis issa gonna blow ..........soon!!!

$SILVER (Weekly)


Gold/Silver Ratio
$GOLD:$SILVER (Daily)
* Silver shoulda start movin's North
    .............dat is downwards inna da ratio


$GOLD:$SILVER (Weekly)

US Dollar:
        - decoupled from Gold
       
       
* Oil anna commodities may move dependant upon US$
        *  Dis issa da Key Driver:  Gold hassa broken free........supported by Chinese buyin'
   
    $USD (Weekly)    

        
       
Oil:
        - onna up trend; inverse o' da USD$
         $WTIC (Daily)

       
*  Oil takes off..........gonna drive Gold
   

        
       
Oil Bullish Indicator:
       
       
       
       
Natural Gas
       
- Rockets from da bottom
       

        * Lookit da Nat Gas rocket.........missed dat!!??
       
        Ratio Oil/Natural Gas
        - now at historical high
       
$WTIC:$NATGAS (Weekly)
       
       
UNG - Natural Gas Fund
        - may be bottoming

UNG (Daily)
       

        *  Da Rock hassa decided ta stay aways from dis one

        

        Coal ETF

       
- moves wit oil
        KOL (Daily)
*  Will move wit oil moves.....................
        Da Rock likes coal betta.................dan Nat Gas

       
Doctor Copper:
       
 - Da Dr.  leads anna predicts da economy usually
       
       
*  Copper made a clear move to $3 anna now consolidatin'

$COPPER (Weekly)

Steel Stocks vs NYSE

        - gives leadin' indicator o' economy
       
- gives leadin' indicator o' economySLX:$DJW (Daily)
        *  Da Rock sees steel ta be makin' big moves soon.......
        *  Infrastructure $$$ finally makin' itself felt.......
       
        Shippin' Rates
        - indicator o' world trade
       
$BDI (Daily)
        Why Rates goin' down:
       
http://www.fool.com/investing/general/2009/09/18/too-many-ships-destined-for-the-seas.aspx
        *  Don't worry 'bout rates.........too many ships comin' on line...
        
   
    Volatility Index
    - Consolidatin' good
   
$VIX (Daily)
     ViX lowers........issa good fo' S&P   

                   

   $VIX (Weekly)
   
=================================================================
   
C.  Miners; Juniors; Nano-caps
   
   
CMM.V (Weekly)
   
        
        
        Century Mining - da Rock's Fav:

         - Hi-grade Gold mine inna Canuckland
 
   
*  Dis issa a $5 stock sittin's @ 18 cents................
    *  $4 million Bridge loan closin Oct 2
    *  $20 million financin' closin' Oct 27
    *  Where does ya tink da Rock's .....got 'is bets....on???
   
*  Still waitin's fo' Peggy.....Peggy....

Cliffs Natural Resources
         -  Iron Ore anna Coal miner


   
*   CLF issa leadin' indicator..........wit Asian sales.................
    *  50% o' facilites idle presently.............
    *  What happens wit mo' demand???
    *  Itsa happened.......mo' miners back @ work!!!
        
 

HL - Hecla Mining  
        - Undervalued Silver Miner 
        

   
   
*  Now atta time o' year for revenue from Alaska................
    *  Next quarter........numbers gonna surprise............
    *  Got gold too..........inna Alaska
    *  Doubled already!!!
        


    SLW - Silver Wheaton
       
- Silver royalties only; no minin' 

   
*  SLW's got 21 employees only.............
    *  All costs fixed...............so highly leveraged ta silver price
    *  Winner already
        
        
    New Gold
        - Biz combination wit WGW gonna create synergy
        

   
   
*  NGD anna WGW combination movin's forward...................
    *  Dis is a 10 bagger from 'ere..................might take 2 years..........
    *  Steady upwards
      
   
    Great Basin Gold
      * 13 million ozs comin' on line...........

   


   
    GBG.TO (Weekly)

      
    Ring O' Fire - KWG
     
- Chromite, Diamonds, anna VMS Copper/Zinc/Lead/Silver fo' literally a few pennies
       
       
*  Big Daddy Chromite........also gots rare earth metals.....anna PGE group metals...........Kin you say Rhodium............anna Platinum
    *  Debut distribution o' shares comin's
   
*  Railroad comin'
    *  TSX comin'
        Dis stock issa long term hold fo' $$$
   
*  Stock seems ta be walkin up
   
    
        
   

   
UC Resources
 
.......Ring o Fire     - drillin' big analmoly
     
    * Watch fo' Surprise hit ..........sumting big!
       
        
        Dats a wrap fo' Now!
        HardRock