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correction over? or wave 3underway


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#21 goldfungus

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Posted 05 December 2016 - 06:51 PM

I have to say I like the lack of excitement or posts (except me pretty much) on a possible bottom here. It's only one day but a process of divergences has been going on for 2-3 weeks now as it seems to me they have thrown the kitchen sink at gold. Divergences galore and the CRB looking like its in a possible 3rd higher already. interesting stuff to say the least

 

Senor

I've been adding to NUGT over the last week. I think those that believe in gold and have been pretty loaded like me are just watching. I don't want to miss this next leg of the bull. Easier to sit on my hands and say nothing than post a lot.



#22 dougie

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Posted 05 December 2016 - 09:29 PM

big move up in the morning would be a positive development

#23 dharma

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Posted 06 December 2016 - 11:14 AM

obviously there are no catalysts out there. the market is digesting all the information. there are great changes in the works
http://www.graceland...6dec6islam1.pngthis contract will bring 1.3billion muslims into the
gold market. @some point . for them gold =money
in the past these divergences would lead to a rally. so, i am sticking there. unless something else shows itself
dharma

#24 jabat

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Posted 07 December 2016 - 08:58 AM

Sid Norris Gold EW count

https://elliottwaveplus.com/blog/

 



#25 dharma

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Posted 07 December 2016 - 12:27 PM

jabat thanks that is one of the better pieces i have seen
for me , gold established a bull market from 99 or 01 whatever you decide is the bottom and advanced till 11 . establishing one
of the longest bull market phases in history. the bull then had to correct that long process. so , in dec/jan 15/16 i believe the
corrective phase ended. it is not often that bottoms put in as many divergences as we have seen here. which doesnt guarantee a
bottom , but its a very good indicator that one has occurred or is occurring. i am on the buy side. sure the correction could have
one more low. in which case i will buy a little more. when buying lows no matter how compelling it is still bottom fishing
we are seeing the broad commodity indexes starting to rise http://blogs.barrons...-credit-suisse/
i am on prowl. do your own research and dd you are responsible for your own decisions
. this one has had insider buying http://www.denvergol...webcast/VIT:CN/
dharma

#26 jabat

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Posted 08 December 2016 - 08:45 AM

Ray Merriman forcast outlook for 2017

https://www.youtube....h?v=_LOEop2Hcr8
 



#27 dharma

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Posted 08 December 2016 - 11:11 AM

'Meanwhile, mine supply is likely to remain "challenged" in 2017, Credit Suisse said, forecasting 6% decline by 2018 since the free cash flow that the industry generated in 2016 has gone largely to balance-sheet recapitalization rather than investment in exploration and new projects. Output in 2016 likely declined by around 0.5%' - Credit Suisse, Dec 6, 2016.
this is setting up for the bull =less supply.
eu decided to keep its qe policies. while i feel the lows are in , it seems to me the market is waiting for something.
avi feels there is one more low https://www.elliottw...1612041429.html
it seems to me all eyes are waiting for the fed
marty-i felt years ago the end game would be a rush to the dollar , which will cause multinationals to have reduced sales/profits. i think we are there. will it continue
to an extreme? i think that is now.
dharma
https://www.bloomber...d-silver-prices

Edited by dharma, 08 December 2016 - 11:18 AM.


#28 senorBS

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Posted 08 December 2016 - 11:20 AM

GDX and GDXJ gap fill this mornin from the other day, we will see if that has any meaning 

 

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#29 senorBS

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Posted 08 December 2016 - 11:22 AM

'Meanwhile, mine supply is likely to remain "challenged" in 2017, Credit Suisse said, forecasting 6% decline by 2018 since the free cash flow that the industry generated in 2016 has gone largely to balance-sheet recapitalization rather than investment in exploration and new projects. Output in 2016 likely declined by around 0.5%' - Credit Suisse, Dec 6, 2016.
this is setting up for the bull =less supply.
eu decided to keep its qe policies. while i feel the lows are in , it seems to me the market is waiting for something.
avi feels there is one more low https://www.elliottw...1612041429.html
it seems to me all eyes are waiting for the fed
marty-i felt years ago the end game would be a rush to the dollar , which will cause multinationals to have reduced sales/profits. i think we are there. will it continue
to an extreme? i think that is now.
dharma
https://www.bloomber...d-silver-prices

pretty much agree and this choppy action continues to follow my UGLY bottom outlook - prices just keep choppin around seemingly forever then finally a sharp rally occurs that is really hard to forecast, and perhaps some stuff double bottoms, a few make new lows, and others show relative strength

 

Senor



#30 dharma

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Posted 08 December 2016 - 12:21 PM

'Meanwhile, mine supply is likely to remain "challenged" in 2017, Credit Suisse said, forecasting 6% decline by 2018 since the free cash flow that the industry generated in 2016 has gone largely to balance-sheet recapitalization rather than investment in exploration and new projects. Output in 2016 likely declined by around 0.5%' - Credit Suisse, Dec 6, 2016.
this is setting up for the bull =less supply.
eu decided to keep its qe policies. while i feel the lows are in , it seems to me the market is waiting for something.
avi feels there is one more low https://www.elliottw...1612041429.html
it seems to me all eyes are waiting for the fed
marty-i felt years ago the end game would be a rush to the dollar , which will cause multinationals to have reduced sales/profits. i think we are there. will it continue
to an extreme? i think that is now.
dharma
https://www.bloomber...d-silver-prices

pretty much agree and this choppy action continues to follow my UGLY bottom outlook - prices just keep choppin around seemingly forever then finally a sharp rally occurs that is really hard to forecast, and perhaps some stuff double bottoms, a few make new lows, and others show relative strength
 
Senor

sure is ugly , and boring. not doing a thing. in the merriman video he brings up the 8yr cycle via venus retrograde. last time in 08/09 it was a kickoff to a big rally, after a substantial
decline . my feeling is its going to be very volatile. (uranus) better not to play too large for comfort . the key is going to be able to ride this thing. it is being suppressed and will spring forward w/gusto whenever it is released. not much interest in the sector as open interest is declining
dharma