8 replies to this topic

[gannman]

since the 16 of june i am not sure what is going on your take sir ?

[gannman]

from the top on the 16th we could be doing an abc not sure

[senorBS]

Honestly I bot oil stocks fairly aggressively yesterday after having cashed out of most of position. I just KNOW the fundamentals there, like the patterns and the way its trading. Okay, as far as GDX goes it held my 25 area as it had to on the last dip, now IMO it needs to hold 25.50 area, long side makes me nervous but trend is clearly up and so far it has done everything it had to to stay bullish from my viewpoint. What would make me nervous from a bullish perspective in GLD would be a big gap down from today's close with follow through. Sorry, but that's the best I can do here

 

Senor

[cafeflorida]

I can tell you that Hadik and my methods agree.   I'm out of all 13 of my miner positions as of Monday afternoon.

A final spike into Friday is always possible, but the juice ain't worth the squeeze.

 

More interested here in adding to $NATGAS ETF positions on dips, along with Mesa Royalty Trust (MTR).

 

$AU & the miners will see a much better entry point late in the year (in agreement with Hadik)

 

There is method to the madness and I can explain the methodology here, but it would take some doing to

post all the historical data points and the associated archival charts to fully explain.

 

Many won't be interested, because it's pure Astro, but since I've been capturing data and back testing it

to 1560 for the past 35 years, I feel very relaxed with it.

 

Beyond 1968, I use other charts constructed by Dr. Roy Jastram [from The Golden Constant book] that

are proxies for nominal gold price charts).

 

There are other special situation historical charts that chronicle volatile gold price movements during

certain select periods in history like 1861-1865, when the gold standard was suspended and banks

suspended payment in specie, but those periods are rare.

 

The really big correction in the gold price is going to come in August - on and around August 24 and for

a few weeks thereafter - to be more accurate.  That is when Mars joins Saturn by conjunction in a 90 deg.

aspect to Jupiter (a little wide, but still effective).   These hard aspect combinations between Jupiter & Saturn

triggered by Mars bring temporary setbacks for commodity bull markets (in this case, emphasize temporary).

The same thing happened in August of 2014 that smashed gold so hard.   There are quite a few good data

points going back several hundred years on this one.

 

The effects are only temporary, which, in this case, will bring enormous opportunities in the gold miners

and bullion late in the year.

 

I've learned the hard way to stay out of the way until the downside energy is spent after those aspects

occur (Jupiter/Saturn hard aspects triggered by Mercury, Venus or Mars).

[senorBS]

I can tell you that Hadik and my methods agree.   I'm out of all 13 of my miner positions as of Monday afternoon.

A final spike into Friday is always possible, but the juice ain't worth the squeeze.

 

More interested here in adding to $NATGAS ETF positions on dips, along with Mesa Royalty Trust (MTR).

 

$AU & the miners will see a much better entry point late in the year (in agreement with Hadik)

 

There is method to the madness and I can explain the methodology here, but it would take some doing to

post all the historical data points and the associated archival charts to fully explain.

 

Many won't be interested, because it's pure Astro, but since I've been capturing data and back testing it

to 1560 for the past 35 years, I feel very relaxed with it.

 

Beyond 1968, I use other charts constructed by Dr. Roy Jastram [from The Golden Constant book] that

are proxies for nominal gold price charts).

 

There are other special situation historical charts that chronicle volatile gold price movements during

certain select periods in history like 1861-1865, when the gold standard was suspended and banks

suspended payment in specie, but those periods are rare.

 

The really big correction in the gold price is going to come in August - on and around August 24 and for

a few weeks thereafter - to be more accurate.  That is when Mars joins Saturn by conjunction in a 90 deg.

aspect to Jupiter (a little wide, but still effective).   These hard aspect combinations between Jupiter & Saturn

triggered by Mars bring temporary setbacks for commodity bull markets (in this case, emphasize temporary).

The same thing happened in August of 2014 that smashed gold so hard.   There are quite a few good data

points going back several hundred years on this one.

 

The effects are only temporary, which, in this case, will bring enormous opportunities in the gold miners

and bullion late in the year.

 

I've learned the hard way to stay out of the way until the downside energy is spent after those aspects

occur (Jupiter/Saturn hard aspects triggered by Mercury, Venus or Mars).

My guts have me leaning your way and I am totally out of gold stocks, I had held some NEM as a smallish core position but I'm gone. I may miss out but I have done as well in oil stocks this yr

[dharma]

i started cutting back yesterday. i dont like several factors and felt it was prudent.  at this point i dont know how much we pull back , but pull back we will . i do think the broad market , which seems to go up no matter what happens has a more serious decline in crash season.  which should put weight on the miners. i am also, using the charts of 40 years ago .  17 will be a much better year w/larger appreciation  this is a 4-6 yr  cycle  

i will cut more positions.,  but there still could be some strength. until the bradley.  

dharma

[gannman]

thanks guys for the thoughts i am still bullish just confused where we are in the count fwiw

[SemiBizz]

This is not complicated... as long as the contract maintains the "old high" of 1316.00, good for more rally attempt.

 

There was extreme volume at the high, and those want to be tested.

 

Under 1316 can open up a can of worms back down to 125X....

[dougie]

Lots of good sharing here thanks