115 replies to this topic

[senorBS]

that 5 up in gold and gld was "golden", more interestingly is a possible series of short term i-ii's on the GDX and a near term iii of 3 now underway as we surge to new recent highs, still modestly long miners only Senor

[senorBS]

a note that 10-day moving average of DSI Gold sentiment is at 24% Bulls and Silver at 18% Bulls, with silver vacillating around the $20 level and gold 1300 I view having this much bearishness as bullish from a contrary opinion perspective, no guarantees but death and taxes BSing away Senor

[senorBS]

so far nice looking a-b-c decline in silver from 20.40 rally high to 20.03, almost a 50% retrace of rally from 19.60 to 20.40 which looks like a 5-wave move IMO, critical action here, as alwayd DYODD and these are just opinions and best guesses BSing away Senor

[senorBS]

Dharma, all of a sudden we are seeing some signs of inflation thru the government stats and CRB is at a 18-month high, gotta wonder if we are at a muy importante inflection point Senor

[dougie]

Well I was WRONG
It was not a BULL FLAG it was a BULL pennant

lovely bull flag in DUST

[Russ]

thanks russ , spent my morning listening to porter stansberry, he is a bit of a sensationalist.
i was thinking , on my walk , yesterday. the east is buying all the gold that is being produced , the west is manipulating the price . something will give? when? then last night i read marty. i am @odds w/his analysis. by the way , back in his day, he got into trouble w/his short term trading. he started to bleed $$$. he only has his reputation @stake. i have a position in the market.
yesterday gold was down, and yet the feeling and psychology was suicidal in the sector. today pop! the biggie this week is the jobs report. stay tuned, it will gyrate. lots of events this month. there will be surprises. the indian election results may not be known for a while.
got my position , hands in my pockets.
dharma
by the way stansberry's date is exactly on the grand cross, it is when it is complete. it may be a bunch of bunk, but i found his choice of dates interesting

Well Porter's Apr. 24 day came and went.... but the west is still intact. I am not seeing signs that Gold is ready to go up yet as Fib was looking for, after late June it may start to rock.