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Are the CLEAREST wave counts in the SILVER stocks?


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#11 senorBS

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Posted 15 November 2017 - 01:26 PM

You buying any of these blown silvers? Perhaps the stock prices are telling us silver headed back to 11?

I bot a modest HL position, just got too cheap IMO and there was volume, looked to me like a fund dumped it (just a guess), I owned some SIL and added a bit, biggest position for me is GDX which has been very easy to hold.

 

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#12 Smithy

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Posted 15 November 2017 - 02:53 PM

The Aussies are jazzed by the Perdue Reward discovery (ARRTF Stockcharts) and there's a bit of a gold rush thing going on in the north of Western Australia in the Pilbara region. People picking nuggets off the ground, etc.



#13 senorBS

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Posted 15 November 2017 - 04:59 PM

The Aussies are jazzed by the Perdue Reward discovery (ARRTF Stockcharts) and there's a bit of a gold rush thing going on in the north of Western Australia in the Pilbara region. People picking nuggets off the ground, etc.

charts don't lie? and aren't "fake news"? yes.gif



#14 senorBS

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Posted 18 November 2017 - 09:19 AM

gotta like where SIL bottomed this week and how it closed above 31, coming within 28 cents (30.28 low) of the ,618 retrace (30.00) of the 2016 rally. And in doing so daily and weekly divergences against the wave A bottom in Dec of 2016 were registered. No guarantee final lows are in place but this IMO is HOW final and important lows are constructed, Next week, especially early on could help tell Chapter 2 of a potential bottoming story

 

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#15 gannman

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Posted 18 November 2017 - 02:18 PM

http://www.silver-ph...-gold-price-low

 

 

interesting article fwiw


feeling mellow with the yellow metal


#16 dharma

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Posted 20 November 2017 - 11:52 AM

smithy novo has benefitted from the excitement in australia the piece they played at the denver gold forum spurred on the excitement.  by the time i got into the mind set of owning this rocket, it took flight, and i am left holding some cash in hand

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#17 senorBS

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Posted 21 November 2017 - 11:40 AM

Interesting that SIL just now has taken out the high of the other day when SLV spiked to 17.41! SLV is now at 16.08 so a very nice performance by this silver mining ETF. Wave wise this could be either a near term wave 3 emerging higher or we could be ending an abc rally. I continue to olie the way this index is counting.

 

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#18 senorBS

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Posted 22 November 2017 - 09:55 AM

SIL continues to be the "go to" chart for the miners IMO, I mentioned yesterday the potential for a near term wave iii or c and so far the possible wave iii is playing out, can't rule out its a wave c but we could also trace out 5 up. I continue to like the potential a key int.term bottom was registered last week at 30.28 and this as I have said is the CLEAREST wave pattern of all the miner ETF's/indices IMO.

 

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#19 gannman

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Posted 22 November 2017 - 02:59 PM

also time segmented volume on both slv and gld looks good

 

gld tsv went positive for the first time in a while and slv has been positive 

 

and has a nice jump today.lets see the close would be nice if it is strong


feeling mellow with the yellow metal


#20 senorBS

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Posted 01 December 2017 - 10:58 AM

so far, even with all the gyrations and negativity SIL has been an easy hold as it has not taken out the low at 30.28 registered on Nov 15, note that I can't rule out the possibility of one more daily 4/5 that would likely end IMO near 30 which is that key .618 retrace level - in any case I like the intermediate term potential and risk/reward, as always DYODD

 

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