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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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Message: Re: Confidence + a Proverb
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Oct 22, 2012 02:08PM
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Oct 22, 2012 02:17PM
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Oct 22, 2012 02:22PM

Ha... i got trapped by the 5 min edit... I meant to add...

I think the proverb goes like this and is quite fitting to these public boards:

"A fool can ask more questions than seven wise men can answer"

i think this also applies

"A fool throws a stone into a well and it requires an hundred wise men to get it out again."

We've had a good test today. Our daily chart pointed to this event and I think that is what Webgogs has been basing his strategy on. For the next couple of days and weeks, this is not looking good. We could test our support again very soon though our daily chart looks very over sold.

The weekly chart shows a somewhat different picture. Today is the first real day outside of the lower Bollinger Band that we've had for about a year. Last year about this time (late Sept, early Oct) we took a two week dip of doom and then shook it off and continued 'normal' trading. This long term chart supports Web's strategy for the long term gain.

The trick is getting back into the market before it flips back out of the dip.

3
Oct 22, 2012 02:41PM
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Oct 22, 2012 02:47PM
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