157 replies to this topic

[dharma]

bit coin which was on a tear , got hit.
gld inventories of gold have been rising=bullish sign
it looks to me like we could be in wave 4 here. the 200 day ma for gold is around 1273. that is a possible target for wave 5.
the miners have held onto their gains. i look for this correction to be small and short 1229 and 1220 are support. lets see if
those hold.
it sure seems to me , the gold market is changing in 17. we still have the dutch and french elections. le pen wins in france, kiss
the euro au revoir.
dharma

[dharma]

The HGNSI fell 2 points to 23.33% this does not look like sentiment #s one sees at final tops!
1243 back to 1220 , which is now support. looks like a 4 to me.
this is disturbing http://www.independe...p-a7570991.html
throw geopolitics into the fire. which according to hadik will be a factor later in the year
i lightly bought into yesterdays close. 2/3 of what i sold. i suspect i will only be in sell mode from here. as we come up to golds 200dma
so much in front of us
netherland elections. french elections, trumps tax plan. going to be a volatile ride.
todays cot could be interesting.
dharma

[dougie]

DUST shows 5 waves up off lows Short term so should have a brother wave at least

[dharma]

DUST shows 5 waves up off lows Short term so should have a brother wave at least

i look and look and see 7 waves off the low and i have to go to a 15minute chart. we are not done on the upside in gold.

commercials added to their short gold position
commercials lopsided short the dollar
http://news.goldseek.../1486758762.php
dharma

[johngeorge]

"we are not done on the upside in gold.

commercials added to their short gold position
commercials lopsided short the dollar
http://news.goldseek.../1486758762.php
dharma"

 

You just affirmed my thoughts for 1325 gold by the end of this month.  Thanks 

[dharma]

3 rises in rates has never been bullish for the stock market
i am taking the market day by day now. the top could have been seen At 1245, so i am very cautious. i want to see if my idea of
a new high is in the cards for the gold market. so i am giving it some room.
w/time as the world slowly slowly realizes that china and india are new economic powerhouses rivaling the west, then gold will take
its place as currency. http://www.chinadail...nt_28169088.htm
dharma

[senorBS]

very nice GLD gap fill this mornin at 116.15 very possibly ending a double zig correction, we see

 

Senor

[gannman]

I think correction probably over wendsday if not then next monday. This thing is
strong not giving much back

[dharma]

4 posts on this board today.
not an ebullient state in the market.
and we are only 20 from the high of the year
i tend to agree w/senor and gannman. the market is acting very firm
we shall see. what the outcome is.
sitting tight
dharma

[Rogerdodger]

The USD broke a nice downtrend line as I noted a week ago with MACD crossing UUP, Jack Chan style.

It's weak RSI managed to rise above the 1/2 way line.

But will it stall here, allowing gold some room as it did in late August?

I don't know. (Insert Smiley Face Here)

That's 1/2 the fun. (Insert Goofy Face Here)

UUP crosses UPP MACD, like late August '16

Started by Rogerdodger, 07 Feb 2017