90 replies to this topic

[senorBS]

I like the miner potential for an "ugly" bottom, just like last December. This is where we get no clear patterns, just very ugly backing and filling and finally a big upside breakout. This serves to keep the vast majority bearish and very few bulls get or hold long because they are exhausted and think this is just another pause before more new lows. Just my opinion on how this "might" play out, I have been slowly accumulating down here as I did last Dec., as always DYODD. BSing away Senor

[senorBS]

IMO this is the kind of day we want/need to see - Dow getting crushed down over 350 and miners near session highs, I'd love to see a strong miner close getting thru this resistance Senor

[senorBS]

10-yr yield below 10%, hmmmm MK

[dharma]

I like the miner potential for an "ugly" bottom, just like last December. This is where we get no clear patterns, just very ugly backing and filling and finally a big upside breakout. This serves to keep the vast majority bearish and very few bulls get or hold long because they are exhausted and think this is just another pause before more new lows. Just my opinion on how this "might" play out, I have been slowly accumulating down here as I did last Dec., as always DYODD.

BSing away

Senor

europe down over 2% across the board
dow down over 2%
will gold sniff something before it heads this way?
dharma

[fib_1618]

Dow getting crushed down over 350 and miners near session highs

Just keep in mind that miners are still stocks.

Remember 1987?

Fib

[senorBS]

I like the miner potential for an "ugly" bottom, just like last December. This is where we get no clear patterns, just very ugly backing and filling and finally a big upside breakout. This serves to keep the vast majority bearish and very few bulls get or hold long because they are exhausted and think this is just another pause before more new lows. Just my opinion on how this "might" play out, I have been slowly accumulating down here as I did last Dec., as always DYODD.

BSing away

Senor

europe down over 2% across the board
dow down over 2%
will gold sniff something before it heads this way?
dharma

gold just hit 1250 and is $65 off recent low yet I basically hear NADA about anyone thinking a key low is in and perhaps we could see a good rally, no excitement - nothing! Hmmmmmm, me likee this

PureBS

Senor

[senorBS]

Dow getting crushed down over 350 and miners near session highs

Just keep in mind that miners are still stocks.

Remember 1987?

Fib

si, do U think Senor is muy stupido? LOL IMO they likely won't be sold when margin calls hit because none of those dupes loaded up with normal equities likely own any miners as they have been universally hated and sold for a long time now. No one knows but that is my OPINION, and a day like today makes me feel pretty good about that opinion and in which direction the "surprise" in the miners might be, we see

NO BS

Senor

Edited by senorBS, 15 October 2014 - 12:39 PM.

[senorBS]

disappointing "short term" action, I would not be surprised if GDX went just below 20.67, GDXJ below 31.80 but not to new decline lows. Both NEM and ABX look like they could soon see new decline lows, but they could be key lows and other miners would likely make secondary lows, we see Senor

[tomterrific14]

disappointing "short term" action, I would not be surprised if GDX went just below 20.67, GDXJ below 31.80 but not to new decline lows. Both NEM and ABX look like they could soon see new decline lows, but they could be key lows and other miners would likely make secondary lows, we see

Senor

Supporting improving technical are these stocks which have broken downtrends AND given PMO, TSI, KST and TRIX macd crossovers on the daily charts. Not so on the Weekly charts.

http://stockcharts.com/h-sc/ui?s=fnv and RGLD, GOLD.

Still a sustainable bull move is dependent upon the largest producers breaking their respective downtrends. i.e. ABX, NEM and AU.

[senorBS]

more choppy action in miners below GDX and GDXJ resistance, ABX this mornin did register a very marginal major new decline low (couple ticks below July 2013 bottom) this morning and has bounced a bit - significant daily and weekly divergences and looks like a potential important completion pattern. I view this as large degree bottoming action as many miners and ETF's may have already bottomed and some others possibly complete their patterns, we see if this interp is correct BSing away Senor