8 replies to this topic

[tria]

The Big Fish are exiting gold miners now, I think.

 

XAU maxed out ST or will be in just a couple of days imo.

[SemiBizz]

Monday's XAU Forecast:

 

XAU - GAP UP AND BREAKOUT ON VOLUME - So the XAU finally was able to push out of the 109s into a high of 111.07 on Friday and it closed over 110.28, up a notch of support on STRONGER VOLUME - we got the further rally we expected, but this time they were able to break out even further and make it stick.  OK so from here now the XAU can continue on to test the previous high of 115.21 from almost 2 years ago on 8/27/13 - the XAU closed the day at 107.XX down about 8 bucks from the high, and we haven't seen that high since, so that's the kind of thing we do need to be prepared for on these gold stocks

[stubaby]

The Big Fish are exiting gold miners now, I think.

 

XAU maxed out ST or will be in just a couple of days imo.

tria - yep I show one more down-up sequence to complete ahead before a bigger (and longer time-wise) pullback

[relax]

stubaby - is that the same for gold, or do you think miners will act weaker than gold in the next month/phase

 

thank you

[stubaby]

stubaby - is that the same for gold, or do you think miners will act weaker than gold in the next month/phase

 

thank you

My counts are just for the miners - don't have a specific count on Gold

[dharma]

hi stu, fwiw that is how i am looking at it also.  i doubt we have an extension here.   the top should be very soon

w/in 2 weeks max

dharma

[Russ]

Hi Tria,

 

How are you measuring that the big fish are exiting the gold stocks?

 

I am seeing these things...

bpgdx had turned negative while dust has formed a doji on lower volume than the previous low and it did not reach down to the previous lows down trendline.  An 'M' double top is probably forming in Gold and GDX etc.  Big low should form in late Oct to early Nov as I posted before.

Edited by Russ, 04 August 2016 - 12:41 AM.

[tria]

Hi Tria,

 

How are you measuring that the big fish are exiting the gold stocks?

 

I am seeing these things...

bpgdx had turned negative while dust has formed a doji on lower volume than the previous low and it did not reach down to the previous lows down trendline.  An 'M' double top is probably forming in Gold and GDX etc.  Big low should form in late Oct to early Nov as I posted before.

 

Hi Russ,

 

I follow mainly this and noticed heavy distribution recently by the Block Traders :

(It doesn't mean anything however for the long term or even the medium one.)

http://online.wsj.co...-moneyflow.html

 

and to a lesser extend this :

http://www.wwfn.com/crashupdate.html

 

A low is indeed expected in October/November by this old cycle as well as by Hadic and You.

Have no clue so far if a deep or shallow low may/will be seen at that time.

http://stockcharts.c...04497&cmd=print

Edited by tria, 04 August 2016 - 03:16 AM.

[Russ]

 

Hi Tria,

 

How are you measuring that the big fish are exiting the gold stocks?

 

I am seeing these things...

bpgdx had turned negative while dust has formed a doji on lower volume than the previous low and it did not reach down to the previous lows down trendline.  An 'M' double top is probably forming in Gold and GDX etc.  Big low should form in late Oct to early Nov as I posted before.

 

Hi Russ,

 

I follow mainly this and noticed heavy distribution recently by the Block Traders :

(It doesn't mean anything however for the long term or even the medium one.)

http://online.wsj.co...-moneyflow.html

 

and to a lesser extend this :

http://www.wwfn.com/crashupdate.html

 

A low is indeed expected in October/November by this old cycle as well as by Hadic and You.

Have no clue so far if a deep or shallow low may/will be seen at that time.

http://stockcharts.c...04497&cmd=print

 

Thanks Tria, Good stuff.  There is a big gap at 1157 gold that is a possibility for the Oct/Nov target date.

As well as our old fav Eddie's chart... 

Edited by Russ, 05 August 2016 - 08:14 AM.