1565 replies to this topic

[dharma]

not taking out 1309 is a signal.  folks only look at the round #.

1301, 1293,1285,1277 support

large specs are cutting their exposure to gold they cut more longs than shorts and the commercials added more longs than short

w/the large specs cutting exposure , this represents disinterest , why have exposure if you cant make money the cot in its implications

and its play by the big bait and sharks is mildly bullish.  from this , we can guess more chopping is in store

http://news.goldseek.../1527276612.php

dharma

[dougie]

You pairing back D?

[Smithy]

Saturday morning 5/26      gold $1301

 

The COT gold commercials % short lessened again, making the buy signal more extreme. But this is not supported by silver where the comms are already pretty short.

 

We got a close above 1296 last week putting gold in an uptrend. From an EW perspective I would not like to see gold pullback and hit this level or lower. We might be in a 3rd wave up, and we need to see some upside drama soon to confirm that. I have cycle lows Tues/Weds, but then gold needs to close over 1308 asap. So Mon to Thurs makes or breaks the current bullish potential. Fingers crossed.

 

Comments welcome.

[jabat]

Free weekend video

https://bullwaves.or...iew-05-25-18-2/

 

Gold Short Term Update _ EW chart

 

[dharma]

i am pounding the table , this kind of valuations seen in this sector are only seen @ significant lows. its a back up the truck event 

here is hadiks take 

in https://www.howestre...llar-drives.../

now there is symmetry   https://www.tradingv...com/x/Zp2SA0oy/

dharma

[senorBS]

i am pounding the table , this kind of valuations seen in this sector are only seen @ significant lows. its a back up the truck event 

here is hadiks take 

in https://www.howestre...llar-drives.../

now there is symmetry   https://www.tradingv...com/x/Zp2SA0oy/

dharma

yep, also see Fib's new topic post above showing great "internal" miner A/D line action against golds new low for the year, and da beat goes on

 

Senor

[gannman]

bottom line here is when gdxj makes it above 34 that should trigger a nice run

 

obviously first it has to happen and then once it hits 34 it should get stronger

 

and stronger if we are really done we will see 

[senorBS]

more shake the tree action, miners come right back as does gold, continue to like what I see and am currently about 60% long

 

BSing away

 

Senor

[dharma]

the bull so far is stealth, the internals continue to prove as the world continues to crumble. modi flies to russia to meet w/putin. voila  oil prices, which have been a big drag on the indian economy soften as putin accommodates modi . make no mistake before the year is over , inflation will be an issue. https://www.forexliv...dollar-20180525

dharma

i have become aware of pacton gold @.28  watched it rocket to .64  since the short time i have been drawn to accumulate. the price has put my plans on hold. they have been buying properties. in the pilabra  along w/novo. they have build quite a land package 

[dougie]

tomorrow should be interesting