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By John Townsend |
May 6, 2013
The usefulness of sentiment's stealth crystal ball is about to be revealed to the litany of unsuspecting precious metal bears and skeptics who have convinced themselves that gold's bull market is either over or, at the minimum, in need of lengthy ongoing retesting, restructuring and consolidation.
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By John Townsend |
September 12, 2011
While miners rallied strongly higher during the final three months of gold's 1980 parabola, they were no match for the rocket launch of the precious metal itself, as gold literally more than doubled in this time period.
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By John Townsend |
April 6, 2011
The current up leg in gold price that originated in October 2008, a study of the Fibonacci relationships of this price movement that are evident both in terms of price and time, and a projection of future price movement.
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By John Townsend |
March 11, 2011
The previous three gold and silver parabolics (2004, 2006 and 2008) had a common characteristic. Each exhibited a midpoint consolidation - a resting place that separated the character of the first half and second half of the parabolic move.
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By John Townsend |
March 9, 2011
The 2004 and 2006 silver parabolic moves took CDE from being a $28 stock to the $75 neighborhood and quickly and the current silver parabolic is likely to surpass the magnitude of each of the four preceding silver parabolics.
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By John Townsend |
January 10, 2011
Whether "da boyz" get the credit for pushing price up like this when it should have been correcting, I have no idea. But once the heavy selling started it was clear that there would be a vicious outcome.
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By John Townsend |
December 7, 2010
Palladium has exploded past almost the entire field of commodities while palladium related mining stock North American Palladium Ltd. has done even better.
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By John Townsend |
November 23, 2010
There is no other way to describe silver's price movement of the past 13 weeks other than to call it parabolic.
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By John Townsend |
November 8, 2010
The C wave of the pattern has characteristically concluded with a parabolic, near vertical ascent of price. We are currently in a C wave and I expect that our immediate future will witness a truly exciting and hair raising parabolic advance.
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By John Townsend |
July 27, 2010
One of the key ways to anticipate the pendulum swings of participant behavior, and therefore price behavior, is to evaluate sentiment.