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bottoming action for the start of a big rally


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#611 Russ

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Posted 20 November 2018 - 07:17 PM

marty is not always right 

i have a bullish bent towards gold, but i dont see enough to get me to commit more money at this time. i am not going to add when i dont see evidence in the market that gold deserves more of a commitment.  it doesnt do much it seems like every day. the miners have firmed a hair. i see influential money managers like ray dalio make statements on golds history and behalf  but if you go to coin dealers websites they will pay you less than spot for krugerrands for example. so it tells me there is not much demand. of course we can build to a bullish atmosphere, i just dont see it ............yet.  there are so many spinning plates. 

dharma

I did not say Marty is always right, I said he is usually right and I was quoting financial journalist MIchael Campbell from the Chorus Radio network on that who has interviewed hundreds of the top analysts for decades and thinks Armstrong is the best of the best. flowers.gif


"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



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#612 dharma

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Posted 20 November 2018 - 11:12 PM

many analysts say the price of silver is below the production costs.  the pattern on the silver chart is a rectangle. if we can break above the top of the rectangle. then it is indicative of a bottom. rectangles occur at tops and bottoms

dharma



#613 wxman

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Posted 21 November 2018 - 01:58 PM

Stubaby,

 Could we have had a truncated 5th wave in XAU?



#614 Russ

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Posted 21 November 2018 - 02:57 PM

Stubaby,

 Could we have had a truncated 5th wave in XAU?

Some elliot wave wriggle room? wink.png 


"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/

#615 dougie

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Posted 21 November 2018 - 03:02 PM

 

Stubaby,

 Could we have had a truncated 5th wave in XAU?

Some elliot wave wriggle room? wink.png 

 

no 4 cant overlap 1



#616 stubaby

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Posted 21 November 2018 - 03:02 PM

Stubaby,

 Could we have had a truncated 5th wave in XAU?

That's what it appears at this moment -

 

http://schrts.co/wT7tz4

 

with the overlaps - it is either a reversal pattern in the making or a very large corrective mess!   I changed my count to an ending diagonal for Wave C (and Wave 5 of C), in order to count 3-Wave a-b-c's for each segment.

 

Confirmation would come in stages:

 

1) breaking above the 2-4 line near 68 (just below it now)

2) above the early October low at 71.64

      and finally

3) above the Wave 1 of C at 76.80

 

stu

 

Note:  I have changed the original count to still in Wave 2 of 5 or C - which portends much lower targets when complete:   http://schrts.co/TqfMdz


Edited by stubaby, 21 November 2018 - 03:11 PM.


#617 dougie

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Posted 21 November 2018 - 03:05 PM

lets see if we can get back into this range first

http://schrts.co/yx9Vwn


Edited by dougie, 21 November 2018 - 03:07 PM.


#618 Russ

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Posted 21 November 2018 - 04:06 PM

 

Stubaby,

 Could we have had a truncated 5th wave in XAU?

That's what it appears at this moment -

 

http://schrts.co/wT7tz4

 

with the overlaps - it is either a reversal pattern in the making or a very large corrective mess!   I changed my count to an ending diagonal for Wave C (and Wave 5 of C), in order to count 3-Wave a-b-c's for each segment.

 

Confirmation would come in stages:

 

1) breaking above the 2-4 line near 68 (just below it now)

2) above the early October low at 71.64

      and finally

3) above the Wave 1 of C at 76.80

 

stu

 

Note:  I have changed the original count to still in Wave 2 of 5 or C - which portends much lower targets when complete:   http://schrts.co/TqfMdz

 

If your adjusted count is correct then how do you explain that gdxj and silver have put in double bottoms?  I think the rally is likely going to last into Feb. now with some pullbacks a long the way of course. 


"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/

#619 Russ

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Posted 21 November 2018 - 04:43 PM

Silver and indicators argue it is very oversold with divergences and a strong rally should continue... 


"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/

#620 dharma

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Posted 22 November 2018 - 11:08 AM

happy thanksgiving everyone ! its a time of abundance on earth  in history it hasnt always been like this!

hadik

Gold, Silver & XAU Trigger New Buy Signals on Nov. 20!

Reinforce Projections for Decisive Bottom by/on Nov. 13;

Nov. 21 Ushers in Potentially Bullish Period 

stu-so your updated view is we finished a 5 diagonal for C of 2? that is how i interpret your count?! checking to  see if i understand you

russ- looking at a similar situation as you suggest   i  do think the market still has to prove itself by taking out its previous highs to show up trend

so, i am not quite convinced until the market proves itself

 

i am enamored w/the strikes in australia,  i believe its a very uneven strike much like pretium  w/a very shallow find  but high grade= a low cost mine my initial buys are under water, which is never comforting.  novo has deep pockets eric sprott(kirkland lake)  pumping in enough resources so they dont have to come to market to raise money  there is another play or 2 there that i am accumulating only on weakness 

lots of spinning plates , what could go wrong. the world leader is quite volatile . after all no one has ever won a trade war. and w/tariffs in place the people again have the fuzzy end of the sitck in their mouth.  i dont support either party , neither one of em  are for me!!!

dharma


Edited by dharma, 22 November 2018 - 11:10 AM.