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bottoming action for the start of a big rally


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#11 dougie

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Posted 11 July 2018 - 03:29 PM

thanks Dharma. patience patience...it has surely been tried since 2011



#12 Russ

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Posted 11 July 2018 - 04:04 PM

When are Hadik's dates Dougie?

looks to me like gold needs some more action to the downside here to finish out a C

 

thinking Hadiks dates about right...

 

 

of course one needs to keep in mind bearish possibilities but i think they are more remote now


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#13 dougie

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Posted 11 July 2018 - 04:59 PM

next week i think



#14 Russ

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Posted 11 July 2018 - 08:57 PM

ok, I did listen to him on a youtube video a few weeks ago, he was just taking 3rd quarter july/aug for a bottom but next week would be good. there is powerful solar eclipse tomorrow. 

 

next week i think


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#15 Russ

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Posted 12 July 2018 - 03:35 AM

double bottom may be unfolding tonight right on the solar eclipse... which can be seen on the 5 your candle stick chart the best

 https://www.investin...ommodities/gold


Edited by Russ, 12 July 2018 - 03:36 AM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#16 SemiBizz

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Posted 12 July 2018 - 07:54 AM

Gold is going to test 1222... down on renewed volume

 

gold071218dspot.thumb.JPG.74c9901b23606c


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#17 SemiBizz

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Posted 12 July 2018 - 08:15 AM

Futures Contract - same deal - down again, like all the other moves to the downside... on renewed stronger selling...

 

goldfut071218di.thumb.JPG.5b9cd8dda1b9be


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#18 Smithy

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Posted 12 July 2018 - 09:43 AM

Big picture gold count

 

3519x8j.jpg



#19 dharma

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Posted 12 July 2018 - 10:44 AM

at this point nothing would surprise me

yesterdays ppi and todays cpi point to inflation. tariffs are mildly inflationary too. i dont want to get impatient.  miners continue to be firm the gld/gdx ratio is in bullish mode. my mo is the same , wait behind the woodshed, if any issues i like are there i buy, otherwise i wait

as russ points out today is the solar exlipse

 

dharma



#20 Smithy

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Posted 12 July 2018 - 10:54 AM

One of two solar eclipses, the second, more important one. is August 11. Then, in the days and weeks that follow, gold is cleared for take off.