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[trants]

I MOVED THIS OVER FROM LVS TO MAKE CERTAIN YOU GET UPDATED

O.K. Now that we have the close for today. We need to re-look at the
trade on Kinross.

My forecast of the 10th was for "19.00 in about 2 weeks or close to
it." ....


That could in fact be reached but only if they run to 17.50 Monday and
19.00 Tuesday. And that is my using the "Close to it" near miss, out.


I think we had better look for mine hits to this next week when the
other 2 large mines report earnings.


We should get $17.00 Monday, I am anticipating $17.75 to $18.00
Tuesday. I don't know if it will hold that to the close on Tuesday.


Calculate your desired profits and see if you can take at least part
of it Tuesday.


I cannot predict from Wednesday on. Could make the $19.00. Likely,
will but not without a hit from the mine reports. Now I have to think
$19.00 could be delayed until the 4th or 5th of May.

[Bigfoot]

Thanks Trans. Will keep a close eye on it Mon & Tues.

[trants]

Originally Posted by trants I MOVED THIS OVER FROM LVS TO MAKE CERTAIN YOU GET UPDATED O.K. Now that we have the close for today. We need to re-look at the trade on Kinross. My forecast of the 10th was for "19.00 in about 2 weeks or close to it." .... That could in fact be reached but only if they run to 17.50 Monday and 19.00 Tuesday. And that is my using the "Close to it" near miss, out. I think we had better look for mine hits to this next week when the other 2 large mines report earnings. We should get $17.00 Monday, I am anticipating $17.75 to $18.00 Tuesday. I don't know if it will hold that to the close on Tuesday. Calculate your desired profits and see if you can take at least part of it Tuesday. I cannot predict from Wednesday on. Could make the $19.00. Likely, will but not without a hit from the mine reports. Now I have to think $19.00 could be delayed until the 4th or 5th of May.

O.K. Kinross (Kinross Gold Corp KGC:NYSE) has hit it's high end of the range.

This play is only for those who like a SHORT play. Kinross has hit $19.40 and started down. That is the turning point for this one and it should head back to the low end of the range now.

I think $15.50 or perhaps $15.00. The price of gold that is also on a recent high point will guide this one. They will fall together!

If gold nose dives it may return to $13.75 to $14.00

[Hotchkiss1987]

You guys got on the RIMM bandwagon earlier I hope?

[trants]

Originally Posted by trants O.K. Kinross (Kinross Gold Corp KGC:NYSE) has hit it's high end of the range. If gold nose dives it may return to $13.75 to $14.00........

Additional Follow-up info.

Gold prices are the prime mover for the larger GOLD mines. So you understand this call, and as in my posts, you learn why this call was made not just the the call itself, I will give the reasoning.

If you go to the records for gold prices;

London Fix Historical - result (Click Historical Gold and select ten years worth)

And you look at the last ten years, not the actual price but the trends. You will see that in 7 of the last ten years Gold has climbed to the highs of the first half of the year in May. In the few cases where it went into June or climbed a second time, it still peaked and turned in early June.

In the majority, it declined significantly in June, typically bottoming at the end of the third week or in the fourth.

As I said earlier Gold Mines follow the gold, I pointed out the Kinross is at the high end of it's recent trading ranges and therefore a pretty safe call is "it drops" in the next week or so and likely will drop significantly in the next 6 weeks.

I should also add, when I tried to short this stock the other day, my Scottrade account told me there were no shares available for shorting at that time.

Now is that due to the fact I am not the only one seeing this? Don't know?

[illinoisweber]

New to the metals game guys . Why do you see gold dropping the next couple of weeks? Whats your prediction on silver ? Any feedback will be greatly appreciated .

Happy Trades, RW

"jacta alea est!" or "the die is cast"- Julius Caesar

[trants]

Originally Posted by illinoisweber New to the metals game guys . Why do you see gold dropping the next couple of weeks? Whats your prediction on silver ? Any feedback will be greatly appreciated . Happy Trades, RW "jacta alea est!" or "the die is cast"- Julius Caesar

I think I pretty well explained the why in the previous post? History makes me feel this to be true.

Also you will find the silver records there on the same link I provided. In general silver follows GOLD.

I can revisit this tomorrow if you still need answers after you go through the last posts guides.

I have not called that all GOLD companies are going to fall. I have not looked at all. Kinross is at the high end of its own trading range and should track gold down!

Gold moves in weeks (Fast) and not in one direction only. Gold and silver are fast trades that need daily monitoring. Serious risk as well dry trade a lot before you put your money down!

[illinoisweber]

True, historically gold tends to drop this time of year, but this year is totally different from the past ten. Not to mention that you have a lot of newbies like myself gumming up the works, along with a lot of scared people in general hording gold . When predicting the price of gold one must also take in consideration inflation. I just went grocery shopping last night and noticed some goods with a 20% markup from a few week ago. I guess the greater question would be is inflation getting worse, and how will this change the price of gold, hence the price of mining stocks like KGC? Any feedback or schooling will be taken without offense, I'm just trying to understand how the game works. Here is a good article about gold and inflation RTTNews - Forex News top stories, Forex Trading, European Market Update, Currency Market Update, Forex trading....

Happy Trades, RW

[trants]

Originally Posted by illinoisweber True, historically gold tends to drop this time of year, but this year is totally different from the past ten. Not to mention that you have a lot of newbies like myself gumming up the works, along with a lot of scared people in general hording gold . When predicting the price of gold one must also take in consideration inflation. I just went grocery shopping last night and noticed some goods with a 20% markup from a few week ago. I guess the greater question would be is inflation getting worse, and how will this change the price of gold, hence the price of mining stocks like KGC? Any feedback or schooling will be taken without offense, I'm just trying to understand how the game works. Here is a good article about gold and inflation RTTNews - Forex News top stories, Forex Trading, European Market Update, Currency Market Update, Forex trading.... Happy Trades, RW

Good questions illinoisweber,

Most comodities cycle and there are a lot of different things that are consistant market movers.

I uderstand your concern for inflation and that will be a large influence next year and perhaps for the next three to five years. Time will tell there.

But with mines and the spoils of the mining process, they all have a common factor that helps drive it down during this period.

That is production and there-by supply. As supply increases, prices decrease. The mines who are the sellers are typically lowering the prices in thier selling process to market as much as they can and pay the bills.

Of course they are balancing the need for revenue with the need to garner the highest possible return. But they do have to pay the bills. The smaller mines drive the pricing in the summer. And they are always driving it down.

Now as I said, they (the price of gold and Kinross) are both at the upper end of their trading range. I would rate the odds @ 75 / 25 in favor of tracking as usual. Betting on the norm.

[trants]

Originally Posted by trants O.K. Kinross (Kinross Gold Corp KGC:NYSE) has hit it's high end of the range. This play is only for those who like a SHORT play. Kinross has hit $19.40 and started down. That is the turning point for this one and it should head back to the low end of the range now. I think $15.50 or perhaps $15.00. The price of gold that is also on a recent high point will guide this one. They will fall together! If gold nose dives it may return to $13.75 to $14.00

KGC ON TRACK AS CALLED

Alright the Kinross "Short" is well on it's way as called.

This cycle peaked higher than its last range high @ 20.96 to co-inside with GOLDS "high of the season".

It then turned down with gold, also as predicted. New gold supply coming on line for the summer will keep this dropping for the next week to ten days. It should hit near cycle low about the 21st.

Kinross will follow suit, baring an unforeseen BIG NEWS from Kinross. KGC @ 17.98 and falling.

Looking for $14.00's as a low. Then a Long play could be in order!