262 replies to this topic

[Russ]

"then possible rally into January which would imply that a more serious break of last june's lows happen after a jan. rally going into spring."

Russ: cant follow: a rally into Jan then a Jan rally going into spring?

Dougie.... "would imply a MORE SERIOUS BREAK of LAST JUNE's LOWS".... after a rally into Jan. Sorry my language was not clear, but has there ever been a rally after a rally??? lol

Edited by Russ, 22 November 2013 - 12:59 PM.

[senorBS]

GDX June print low was 22.21, today's low so far is 22.32 and that is right now. Assuming we do take that low out the huge Q is how low does it go? No bottom fishin for me, just watchin. Senor

[goldfungus]

GDX June print low was 22.21, today's low so far is 22.32 and that is right now. Assuming we do take that low out the huge Q is how low does it go? No bottom fishin for me, just watchin.

Senor

Still opportunities in individual names. ABX is a no touch. But check out PVG fwiw.

[Russ]

Possible double bottom shaping up...

http://bigcharts.mar...&mocktick=1.png

[senorBS]

Possible double bottom shaping up...

http://bigcharts.mar...&mocktick=1.png

si and if prices stay near current levels we'll see new daily and weekly CLOSING GDX lows, these could be large 5th wave completions but we could also see these larger 5th waves go quite a bit lower. I prefer to await a solid upside reversal from here "if" we get it. What's interesting is that I can see a good case for an important stock market top (see post in TT section) and miners have been going in the exact opposite direction, interesting time frame for many markets.

Senor

[dharma]

venezuala , after calling back all its gold under chavez is now positioned to sell all its gold. and has chosen gs as its intermediary to do so. this is a factor weighing on the market
december contract 1st delivery notice is wednesday, and there is a much larger than usual amount of open interest in the contract. are these folks speculators? or are they about to take delivery? comex would not be able to deliver that much gold
i too follow the miners. and i own pvg , i bought and held my nose w/all the bad news that came out. it seems management was correct in their forecast. they have an extraordinary high grade gold strike. their pea should be interesting
the miners could very well bottom 1st . sinclair taught me in the last bull, the big money buys the miners 1st then they buy gold which makes sense if you think about it. i do think the miners have a good possibility of bottoming 1st and in this area. keeping the cash i have and will deploy it when i feel it makes better sense.
which is to say the technicals line up better. i am not convinced the 6/28 lows will hold
todays cot should reveal some things. it will be interesting to see who is putting on the shorts
dharma
when the market does bottom the miners should have a spectacular rise thereafter. some are in the blues of the present. i understand.but, it does make action difficult/impossible
sinclair interviewed
http://www.sprottmon...r-november-2013

Edited by dharma, 22 November 2013 - 03:59 PM.

[dharma]

here are the cots http://news.goldseek.../1385152370.php
it seems the large specs increased their shorts substanially
while the smart money, the commercials reduced their shorts
its a recipe for the large specs going to the cleaners.
the question is when
dharma

[Russ]

XAU approaching long term support

[Russ]

A bullish opinion on GDX http://www.cnbc.com/id/101207471

Edited by Russ, 22 November 2013 - 04:48 PM.

[Russ]

After checking my own charts I cannot get the results this person got on his chart of the miners, the whole consolidation over the past few months has been below the down-trendline not above.

A bullish opinion on GDX http://www.cnbc.com/id/101207471