44 replies to this topic

[senorBS]

Dollar index is REALLY interesting here with what IMO is a clear big 5 down to recent lows and now a corrective rally likely completing/ed above 102.50, amazingly no pullback at all in gold "so far" with this current short term leg up. If DXY soon begins a possible 3 down gold could keep rallying with only a small pullback, we see

 

Senor

dollar may be cooked as 2 up perhaps ended today and GDX may have ended an abc down today, it is viable wave iii of 3 or C has begun in the miners, IMO it does not get much better than this, we see

 

Senor

[senorBS]

Friday declines have been good buy days since later Dec, would not be surprised if we see that again today, will be looking to continue to add on any significant weakness

 

BSing away

 

Senor

[swanstkdh]

Yes. I am wondering if the 1190 area holds and then we do an about face back up to the 1213 -1225 area before el presidente takes his seat.

[senorBS]

I am thinking that gold may have one more leg up above 1219 and that might lead to a decent trading top, however will keep a core long position as "surprises" look to be norte

 

BSing away

 

Senor

[denmo83]

I am thinking that gold may have one more leg up above 1219 and that might lead to a decent trading top, however will keep a core long position as "surprises" look to be norte

 

BSing away

 

Senor

1221 is the 38.2% fib retrace