631 replies to this topic

[wxman]

https://stockcharts....72426&listNum=1

gold bottom is higher as USD peaks are lower and lower

[stubaby]

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

dharma:

 

I have both counts working, but am leaning toward the "finished a 5 diagonal for C of 2" as shown here: 

http://schrts.co/wT7tz4

and as said it must prove itself above 68 then 71.64 and then most importantly 76.80 - so we are really not that far away with yesterday's close of 67.20 from a progression of confirmations

 

The original count "still in Wave 5 of C of 2" as shown here:

http://http://schrts.co/TqfMdz

has been modified to show still in Wave 2 of 5 - with Waves 3-4-5 ahead to lower levels - this count cannot be ruled out, however,  until Wave 4 at 71.64 is exceeded - note: a move below 63.90 would re-strengthen this count

 

stu

[dharma]

 

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

dharma:

 

I have both counts working, but am leaning toward the "finished a 5 diagonal for C of 2" as shown here: 

http://schrts.co/wT7tz4

and as said it must prove itself above 68 then 71.64 and then most importantly 76.80 - so we are really not that far away with yesterday's close of 67.20 from a progression of confirmations

 

The original count "still in Wave 5 of C of 2" as shown here:

http://http://schrts.co/TqfMdz

has been modified to show still in Wave 2 of 5 - with Waves 3-4-5 ahead to lower levels - this count cannot be ruled out, however,  until Wave 4 at 71.64 is exceeded - note: a move below 63.90 would re-strengthen this count

 

stu

 

thanks understood. the market in my eyes has to prove itself  until then its all potential/probabilities.  w/chinese new year coming and w/their markets getting taken to the cleaners, its possible their gold buying season will be very muted . so , i am wait w/cash to deploy but i am from the ' show me state'

happy thanksgiving  stu

dharma

[Russ]

After calling the top to gold within $6 of the actual high in 2011, and then calling the exact low in 2015, Avi Gilburt sees another major bottom setting up in the gold market.

Avi, who in addition to being founder of ElliottWaveTrader is the #1-read metals contributor on Seeking Alpha, will be presenting his analysis on gold this Wednesday November 28.

Join Avi along with Zac Mannes and Garrett Patten, who manage a model portfolio of mining stocks at ElliottWaveTrader.

Just like in 2015, some mining stocks have already struck their lows, whereas others have lower to go before they bottom, and Zac and Garrett will discuss which miners have the most opportunity in the coming year

Please Join Us for this Live Webinar!

Thank you from all of us at ElliottWaveTrader

[dougie]

I love this quote Gilburt sent out today:

 

Back in 1940, Ralph Nelson Elliott provided many with what is likely the best market call of all time:

 

"[1941] should mark the final correction of the 13 year pattern of defeatism. This termination will also mark the beginning of a new Supercylce wave (V), comparable in many respects with the long [advance] from 1857 to 1929. Supercycle (V) is not expected to culminate until about 2012."

[Russ]

 

I love this quote Gilburt sent out today:

 

Back in 1940, Ralph Nelson Elliott provided many with what is likely the best market call of all time:

 

"[1941] should mark the final correction of the 13 year pattern of defeatism. This termination will also mark the beginning of a new Supercylce wave (V), comparable in many respects with the long [advance] from 1857 to 1929. Supercycle (V) is not expected to culminate until about 2012."

 

Interesting, that's about when the Dow started to go parabolic.... 

Edited by Russ, 25 November 2018 - 08:37 PM.

[dougie]

imagine calling that in 1941!

[dharma]

morgan stanley and goldman sachs have come out and said 19 will be very bullish for commodities

cots

http://news.goldseek.../1543264120.php

the commcercials , it seems to me are looking for an event in the $$ they are very short.  the bait reduced shorts in gold , the commercials added those shorts and then some . the cots still look bullish to me. 

 december over the last few years has produced bottoms for gold.  plus the miners pitiful performance has made for tax selling  and cyclical lows.  i am waiting to see what december brings. 

looking at a long term chart of abx it is in bullish wedge pattern . the ceo is former gs pres. john thornton  he has merged the company w/rangold and continues to accumulate shares. i look at abx now as the leader in the sector. 

dharma 

[Russ]

I've got a trend on HUI for a low around Dec. 20th, so that fits the usual cyclical low at the end of the year, after that perhaps rocket time..  

morgan stanley and goldman sachs have come out and said 19 will be very bullish for commodities

cots

http://news.goldseek.../1543264120.php

the commcercials , it seems to me are looking for an event in the $$ they are very short.  the bait reduced shorts in gold , the commercials added those shorts and then some . the cots still look bullish to me. 

 december over the last few years has produced bottoms for gold.  plus the miners pitiful performance has made for tax selling  and cyclical lows.  i am waiting to see what december brings. 

looking at a long term chart of abx it is in bullish wedge pattern . the ceo is former gs pres. john thornton  he has merged the company w/rangold and continues to accumulate shares. i look at abx now as the leader in the sector. 

dharma 

[Russ]

Barrick showing same trend as HUI...