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North American Energy Partners Inc. Message Board

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  • chemaes44 chemaes44 Sep 15, 2011 3:57 PM Flag

    currency war's

    Thanks for the kind words Unleashed. I didn't find anything you said offensive at all.

    The debate might be a moot point because at the end of the day, a technician like me is supposed to just follow the charts due to the fact no one really knows when fundamentals will play out.

    Today, those brokerage houses continued buying and as a result I held on and bought more with them. two other houses came in and bought small amounts of about $4 million and $2 million each.

    As I was starting to second guess myself and wondering if I should have gone to cash, SLW and silver pulled a reversal upward when silver should have targetted 38.05. Gold similarly came within a few dollars of a critical price point and reversed upward too.

    A day does not make a trend but, it certainly starts one and so we wait and watch tomorrow for follow-through. The candle on the slw chart signifies exhaustion selling was combated and pushed aside. There should be some type of gap up tomorrow.

    good trading

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