Member
Posted 19 January 2018 - 01:51 PM
dharma thanks for the thread and posting your views on the PM's and PM stocks. I watch the dollar closely and believe it is headed for big trouble. Physical will come in very handy in the years ahead. Just for living if nothing else.
Senor BS. "what will it take to crack the nut on the stock mkt bull case?" The question for the times we find ourselves in. Perhaps it will be the dollar taking a long dump with PM's moving highly faster that most imagine.
Member
Posted 19 January 2018 - 04:00 PM
http://news.goldseek.../1516393979.php
commercials added to their short positions in a big way.
dharma
would love to see these people get over run
Member
Posted 20 January 2018 - 11:03 AM
Member
Posted 20 January 2018 - 04:57 PM
Well gang my my interp of the daily Ewave patterns is very bullish with really nice 5-wave moves almost everywhere, GLD and SLV as well as spot gold and silver are as clear as a bell IMO,GDX/XAU/GDXJ/HUIall have nice lookin 5-wave rallies in place from Dec lows as well. There are never any guarantees but Ewave wise this IMO is as good as it gets with so many indices/ETFs and the metals themselves confirming each other. Still thinking we could decline to GDX 23 area plus or minus a bit for a wave 2 bottom
Senor
Member
Posted 21 January 2018 - 08:53 AM
Well gang my my interp of the daily Ewave patterns is very bullish with really nice 5-wave moves almost everywhere, GLD and SLV as well as spot gold and silver are as clear as a bell IMO,GDX/XAU/GDXJ/HUIall have nice lookin 5-wave rallies in place from Dec lows as well. There are never any guarantees but Ewave wise this IMO is as good as it gets with so many indices/ETFs and the metals themselves confirming each other. Still thinking we could decline to GDX 23 area plus or minus a bit for a wave 2 bottom
Senor
Thanks for that. What is your bearish count here please
Honestly Dougie I don't really have what I consider a viable one that makes any sense to me with the five up I think we have off the Dec lows. That does not mean it can't or won't resolve lower and as always I will use appropriate stops and look for reasons my count may be wrong from the evolving trading. I will be buying weakness and as always DYODD
Senor
Member
Posted 22 January 2018 - 08:53 AM
some bearish arguments, I am not saying he is right but the chart is interesting... https://seekingalpha...37abd74235&dr=1
GLD continues to be over-valued to alternative "safe havens."
Technical indicators are turning bearish on the daily chart.
The COT report is becoming increasingly cautionary.
Will recent history repeat itself for GLD, or is it different this time?
This idea was discussed in more depth with members of my private investing community, Commodity Conquest.
Edited by Russ, 22 January 2018 - 08:57 AM.
Member
Posted 22 January 2018 - 09:09 AM
bullish wedge? (last two bars - which are moving up- are cut off, can't get it to work right)...
Member
Posted 22 January 2018 - 11:32 AM
its an interesting juncture right here. we have the government of the usa out of money and shut down until members of congress can figure out what to do! then we have the commercials extending their short position in the gold market. now the commercials are deemed the "smart money" now if one looks at a gold chart, since the december lows there is a clear 5 waves up on the chart. ok. after a 5 wave move , there is a 3 wave correction. not enough time has elapsed to get a good correction in place. so, what is one to do. take profits or wait for the correction and add. its a matter of how one wants to play this game. yields are rising. if one is a lender to the usa government one has to be leery of the government shut down. anyway , this year is starting off interesting, hopefully this tr will be put in the rear view mirror
dharma
