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Tanzanian Royalty Exploration Corp. Message Board

  • greglpet greglpet Mar 16, 2012 10:20 AM Flag

    No Waterfall

    Looking good for TRX....maybe one more short down-leg under $1,600 for Gold

    From McHugh...

    "The HUI Purchasing Power and 30 day Stochastic indicators remain on sell signals Thursday, March 15th. Wave {e} down of 4-down is underway, and wave 5-up has not started. The aging indicators show that this decline is old and a bottom is approaching.

    Wave 5-up could consume all of the second quarter of 2012."

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    • I sure hope he's right...The HUI is at a very critical juncture right here..It's got to turn up real quick..I'm worried that if we stay in the 470 range for too long that it could find resistance at 490-500 which has proven to be pretty strong support over the last couple of years...Lets just hope it doesn't become an intermediate term ceiling...If it does then a large drop is in store and we start the process all over again...Nevertheless I've been through quite a few large drops only to see it recover since 1998...

    • we shall see. TRX is one of the top performing PM stocks of the 1st quarter. Pure comedy. No revenue, no royalties, no nothing. Yet the HUI printed a new 52 week low and stocks like Royal Gold which actually have gold, have revenue and have royalties get slaughtered daily. LMAO!!!!!

      My target on TRX is still $0.00. 1st 10 years have resulted in 0 revenue, next 10 will do the same. Dont expect it to be around in 10 years.

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