1565 replies to this topic

[K Wave]

methinks very important pivot just put in this AM...

 

Silver got rejected at back test of 16.25, and GDX/GDXJ reversing after failing to take out key resistance levels.

 

IF/WHEN we take out this AM highs, then will start to seriously consider IT/LT bull case.

Until then, bears still have the ball since the heavy bomber day...

Edited by K Wave, 09 July 2018 - 10:30 AM.

[jabat]

 From Highlander:-

 for those that like to look up:  Venus goes retrograde on 10/5/2018...on the last gold low in 2016, Gold made a bottom 54 Trading days before the last venus retrograde on 3/4/2017 which fell on 12/15/2016 ...If the pattern was to repeat, a possible low around July 23rd...

 

 

[senorBS]

methinks very important pivot just put in this AM...

 

Silver got rejected at back test of 16.25, and GDX/GDXJ reversing after failing to take out key resistance levels.

 

IF/WHEN we take out this AM highs, then will start to seriously consider IT/LT bull case.

Until then, bears still have the ball since the heavy bomber day...

Bears fumbled, bulls have the ball and after their recent first down (5 up hourly in a lot of stuff) are now huddling to plan the next move "up field"

 

Senor

[dharma]

whew ! calling bottoms is tough . this one is especially tough. we have had countless capitulations. over the last 5 yrs. we have had many runs , consolidations, bottoming actions.  i believe the key to the sector is to understand what you have when you invest in pms.  there are long periods of time when having pms is a waste of time. BUT in this time when mountains of debt are prevalent and politicians play down the debt, it is important to scrutinize the situation i cant tell you when but the mark up is coming.   here is a good reminder https://kingworldnew...extremely-rare/

dharma

[gannman]

the .38 retrace of the whole dec 2015 to july 2016 move in gld

 

is about the 119 area the 200 week ma on gld is about 117.77

 

so we are in a support zone.  to me it looks like from the april 11 top

 

in gld  we are in the 5th wave of the C wave of a large abc correction 

 

from july 2016. i could be wrong. so we are close imo but i have said 

 

that a million times over the past two years. what we need is for this thing 

 

to bottom and take off like a rocket that would do wonders for the sector

 

also july 9 is 89 days from the top on april 11 fwiw

Edited by gannman, 09 July 2018 - 06:32 PM.

[Russ]

Solar Eclipse day today, Gold may be putting in a double bottom, see 5 hour chart. https://www.investin...ommodities/gold