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i think i see the wave count here


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#21 robo

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Posted 07 July 2018 - 11:28 AM

GDX monthly

 


Edited by robo, 07 July 2018 - 11:34 AM.


#22 gannman

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Posted 07 July 2018 - 07:23 PM

http://www.321gold.c.../hoye070618.pdf


feeling mellow with the yellow metal


#23 Smithy

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Posted 07 July 2018 - 08:12 PM

Geez GM, that's a week and a half old!



#24 gannman

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Posted 09 July 2018 - 07:29 PM

i think we get a sharp rally in gld def before july 23 

 

just based on my wave count 


feeling mellow with the yellow metal


#25 gannman

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Posted 09 July 2018 - 07:32 PM

gld is a buy here when it exceeds 120


feeling mellow with the yellow metal


#26 gannman

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Posted 09 July 2018 - 11:30 PM

and a rise above 124 on gld should yield a very strong rally 


feeling mellow with the yellow metal


#27 Ty4miners

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Posted 15 July 2018 - 04:58 PM

Avi Gilburt's latest public article seems to add additional concern I have that any gold rally coming out of current ICL will fizzle out and disappoint sometime in early September if not sooner. 

 

https://seekingalpha...ing-louder?dr=1

 

Avi, "  As we came into 2018, my expectation was that if GLD was able to hold over the 119 region into the summer, we could likely challenge the all-time highs in gold as early as the end of 2018. Unfortunately, with the break below 119, it is likely pushing off that potential until next year. Moreover, with the break below 117.40 this past week in the pre-market, we will need to see another setup develop before we will be ready for a major break out in gold. And, this will likely take weeks to months to re-create."

 

It is quite possible, IMO, that GDX & GDXJ will repeat in similar pattern as to what happen early last September and thereafter the holiday time frame will only add to miner price disappointment--as did last year.  So unless a surprise higher-rise in the miners happens this year in August to suggest the repeating pattern is breaking, I plan to begin selling MT positions in late August along with more in early September.

 

Good trading to all.



#28 gannman

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Posted Yesterday, 05:25 PM

i see a small rally in gld coming and then a lower low before a more substanial rally fwiw 


feeling mellow with the yellow metal


#29 gannman

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Posted Yesterday, 05:28 PM

gdx is also a full point above its low in march and the sentiment right now could not be more negative 


feeling mellow with the yellow metal


#30 Ty4miners

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Posted Yesterday, 07:38 PM

i see a small rally in gld coming and then a lower low before a more substanial rally fwiw 

If a small rally be coming soon, then one or both of these levels could be reached.  7-16-18%20d_zpsztrscwmw.jpg