from diggers, page-13

G'day Greyhoundtrainer.
The only subscription service that I have ever subscribed to is one called SKI in the US.
It is owned by a man called Dr Jeff Kern who is a Professor of Philosophy and he has done extensive studies, in conjunction with a partner, into patterns and price trends relating to gold shares over many years.
I cannot say much about where things are at the moment because of copyright and in fairness to other subscribers who are paying for the service.
Jeff Kern does however give certain info freely on 321GOLD about every 4 weeks or so.
If you go to the 321GOLD website and scroll down about a third of the page, you will come to "REPORTS - CHARTS".
The top article under this heading is " SPECIAL SKI REPORT # 57 ".
I have found him to be very honest and accurate but he is also hard to understand at times until you get used to his writing style. The SKI system, if I can call it that, is very complex and hard to follow for a new comer and I don't think I fully understand it myself, even after about 6 years.
He has what he calls " LIFE RUNS " and " DEATH RUNS " based on run patterns for the gold shares.
The last time the gold shares put in a " DEATH RUN " was, I think from memory, about May 2006.
Jeff said that the gold shares would be terrible for at least 2 years when almost every " gold guru " was a raging bull.
I, in my infinite wisdom deceided that the downturn would only be short lived and stayed fully invested in the many gold stocks that I held.
Well, he was correct and I suffered losses in the many 100's of thousands of dollars as a result of my lack of faith.
The gold stocks have since put in a life run, ( several months ago ) but are still to come up with the rest of the pattern if I can say that.
Hopefully we are close, but have been close several times before, and that is why I was keen for the gold stocks to continue to fall when I answered your post the other day.
I have had a little friendly banter going with Nightstalker about the direction of the gold shares of late, and particuarly LGL, where our opinions vary as to where LGL is headed.
My opinion is that LGL is displaying a " bull flag " which will break up to a very strong run. If the gold shares are about to run then this fits in with the bull flag theory.
If on the other hand, Nightstalker is correct, Highly unlikely, LOL, then the hoped for pattern with SKI will break down and Nightstalker will be correct and I will have to ignore his demands for me to admit defeat.
Many gold stocks show what I see as a bull flag, including the XGD Gold index, so I am pretty confident, however , we all read into charts what we want to see.
My thoughts are that charts should be printed, then the names cut off them and then shuffeled with a whole heap of other charts before being read, without knowing what company you are looking at. This way you would do a subjective analysis without any preconceived conception of the stock.
I do not do this because I am too dumb to take my own advise!!

Kind regards

Lockitt