1565 replies to this topic

[Smithy]

 

[goldfungus]

 

So shiny. LOL

[K Wave]

It is starting to look like GC has successfully backtested the KEY 1310 area....

 

Now we see if bulls can get something going starting today....

[senorBS]

 

 

Doesn't look like my :ugly bottom" scenario does it?  
 

 

Edited by senorBS, 09 March 2018 - 11:14 AM.

[jabat]

 

[dharma]

so far a reversal day! gold so  far , has put in a higher low. as has  gdx/gdxj    a higher close would be a reversal day. 

my guess is not much happens until the fed meeting

of interest to me is the commercials were short   oil, it broke down out of a triangle/pennant. hedgies were long

might the commercials  be working on getting the hedgies short gold here.  in time to take the market higher?

market forensics.

dharma

[dharma]

It is starting to look like GC has successfully backtested the KEY 1310 area....

 

Now we see if bulls can get something going starting today....

hi kwave   care to share any more thoughts on the sector?

dharma

[senorBS]

keep a close watch on Gold/Silver ratio now again at the key shelf of support at 79.20-79.50, has the "look" of a possible breakdown here which would be bullish for the metals sector

 

Senor

[K Wave]

hi kwave   care to share any more thoughts on the sector?

dharma

 

I think this is a critical juncture for the intermediate term.

 

We finally broke above 1310 again in December, after the September breakout failed to hold above that level.

Now that we have done an ABC backtest to 1310, it is important that the swing low made there holds now....because if not, then it could imply another big wave down...

 

A close over GLD 125.50 today would be first sign that perhaps bulls have the IT ball back.

If they fail to do so, then would be sign of possible failure.

 

If bulls do win out today, then things could rapidly accelerate upside over next few days, as we liftoff out of the Cup w Handle formation....

[K Wave]

And one last thing...for the first time in a while, Silver actually outperforming a bit over the last few days since the bottom of the C wave down...