87 replies to this topic

[dougie]

That May 10 date could be a low for miners JG?

[johngeorge]

dougie

 

You may or may not know that a Bradley turn date is + or - 2 days. Mr Bradley gave himself some grace period when identifying a turn date.  Additionally the turn date may apply to only one or two sectors.  I have no way of knowing for certain which one(s).

 

Recently I have been reading  a number of calls by knowledgeable folks that soon PM mining stocks are headed for a decline  So perhaps May 10th, or thereabouts, may be the low.  Will see.  I might buy back some DUST insurance during the interim. 

[dougie]

Thanks JG.

I am of the mind that we are going to see some serious volatility. Bull market should do so

[johngeorge]

You are most welcome, dougie.  Any time.

 

I neglected to mention an indicator I use as a guide to the gold price the $US.  Looking at this daily chart of the $US it appears to me the dollar wants to rally.  In the event it strengthens it would provide a strong headwind for gold. My opinion is that gold is now in a new bull market (don't hang your hat on that as I am the worst forecaster on this board) and as you say there will be tremendous volatility.  That can spell opportunity for those with the trading skill set to earn handsome rewards.  Interesting times! 

[senorBS]

That May 10 date could be a low for miners JG?

that could fit that "ideal" scenario I mentioned and could set up a very bueno buyin opp IF it plays out. I've been heavily in oil stocks and cashed out big last week on 80% of my longs, gearin up to add to core longs in metals arena if the road map gives us a relatively low risk buy, we see

 

BSing away

 

Senor

[senorBS]

You are most welcome, dougie.  Any time.

 

I neglected to mention an indicator I use as a guide to the gold price the $US.  Looking at this daily chart of the $US it appears to me the dollar wants to rally.  In the event it strengthens it would provide a strong headwind for gold. My opinion is that gold is now in a new bull market (don't hang your hat on that as I am the worst forecaster on this board) and as you say there will be tremendous volatility.  That can spell opportunity for those with the trading skill set to earn handsome rewards.  Interesting times! 

si amigo, dollar looks like it has more norte bounce to come, that may be supportive of gold C wave down possibility, we see

 

Senor

[dougie]

equally importantly it looks like it wants to rally against the YEN

[dharma]

jabat just posted part 4, new thread

dharma