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emerging wave 3


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#431 dougie

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Posted 19 February 2018 - 12:57 PM

As you say: timewise.

An important caveat.

Couple important things here that I think support the case for an impending int term low:
 
1. I think that the HUI/GOLD ratio has or soon will put in a very important corrective bottom from the 2016 high, its very oversold and technicals IMO are on the verge of potentially turning up. I view this as bottoming action and its one "ingredient" of a potential key low soon.
 
 
2. 



a weekly close above 80 last week in GSR, only have had 4 forays above that level in past couple decades and that has told us at least important intermediate term lows were not far away "time wise"



#432 dougie

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Posted 19 February 2018 - 01:06 PM

Question for the forum: hui:gold ratio is below 2001 lows! Might this not represent in part the massive dilution of miners with the proclivity to print print print? Perhaps we should construct a ration of total earnings to gold?

#433 jabat

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Posted 20 February 2018 - 01:51 AM

tr-commodity-index-break-out-or-break-do

 



#434 senorBS

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Posted 20 February 2018 - 09:14 AM

added a little CDE and SLV pre market



#435 senorBS

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Posted 20 February 2018 - 10:01 AM

keeping a close eye on the silver action here, I like the short term rally off the overnight lows "so far", also GSR reversing a bit from marginal new rally high near 81.20 - lot of negative tech divergences into that high, pretty interesting action here. Still being very careful

 

BSing away

 

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#436 Smithy

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Posted 20 February 2018 - 10:01 AM

Senor I have the spot peak of 1362 last Friday pegged as B. You agree?



#437 senorBS

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Posted 20 February 2018 - 10:05 AM

Senor I have the spot peak of 1362 last Friday pegged as B. You agree?

I agree that it is a viable possibility, however IMO odds are 50/50 on that count, we see

 

Senor



#438 dougie

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Posted 20 February 2018 - 12:43 PM

It's a pretty convincing effort to show that the market is falling apart

#439 dharma

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Posted 20 February 2018 - 03:06 PM

 support is 1325 , 1309 area  gold has still kept a large portion of its rally off the december lows.  the miners on the other hand are soon to be pressing the lows.  the dollar is due for a a pause in its descent. i exited the longs i bought at the lows. now have more cash and  will wait for the next set up. it looks to me the dollar is poised to rally.     miners at this point represent value. by many metrics they are cheap. of course if we change the metrics then who knows.  that big inverse h&s pattern on the chart continues to build a big base.   when the base finishes , who knows???  the shadow knows. !  today is the bradley

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#440 Smithy

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Posted 21 February 2018 - 09:04 AM

GSR peaked highest point in 2 yrs midnight Monday. Has it turned?

I've added to longs this morning early. Tight stops.

 

Post Script: silver now roaring


Edited by Smithy, 21 February 2018 - 09:14 AM.