thanks , i am very long hoping today doesnt produce a long wick
silver count from captain E wave https://captainewave...ewapr1818si.png
gann guy, jim rogers, armstrong all looking for 1k . it is encouraging wonder what they will say , when we break out
when we break out i expect the miners to do some serious catching up
sitting tight here. yes crb is breaking out. some commodities like sugar in oversupply. others in short supply.
over time it will all get worked out
that is my preferred count on silver as well, happy to see many still looking lower in Gold, those DSI numbers I mentioned on silver yesterday were telling as is the GSR action, got the popcorn and watching. BTW at this time I prefer the "grind" higher action as it gives the bears hope and keeps us bulls cautious
well today is another long wick day= supply at the higher #s , = more time needed to work off the supply. fwiw, my take is commercials on the other side of the hyped up speculators. clear to me silver has the better chart and better fundamentals right now. in the deflationary environment =0 rates/negative in europe there was plenty of supply of silver, now w/rising rates in the usa anyway/draghi ecb trapped. no one will buy their bonds at 0/negative rates. now silver supplies have dwindled and the cots have turned in favor of the bulls. -= silver is the clear leader, pulling up gold . which might be the case for awhile.. this dollar rally may have more juice. the support of the $crb puts a floor under gold if the $crb continues to rise. the short term is anyones guess right here. longer term =months these pms will roar
tomorrow is hadiks day of aggression, see post from yesterday.
ps heliocentric mercury in sagg till 27 so keeping an open mind to taking out 1370!
Edited by dharma, Yesterday, 03:10 PM.