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gld in a wave 3 down from april 11 i believe


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#11 gannman

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Posted 03 August 2018 - 08:41 AM

Don't get me wrong there is a lower low to come but imo the worst is over

Accumulation of bullion and stocks now is going to pay off big over the next 5 to 10 years
feeling mellow with the yellow metal


#12 gannman

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Posted 03 August 2018 - 08:46 AM

I expect the xau to rally to about 80 before heading for a final low

The worst selling is done imo rusd
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#13 gannman

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Posted 03 August 2018 - 08:46 AM

Russ
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#14 gannman

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Posted 03 August 2018 - 09:22 AM

And gld should go to about it 50dma
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#15 dharma

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Posted 03 August 2018 - 09:33 AM

guys are leaning bullish

guys are bearish

guys see one more low=

typical bottoming action

  1.  "August 2018 has finally arrived.  And, right on schedule, the XAU is dropping sharply and has almost reached the downside target that has been in place since late-2016."  -Gold market cycle expert Erik Hadik, Aug 2, 2018.

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#16 senorBS

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Posted 03 August 2018 - 10:30 AM

guys are leaning bullish

guys are bearish

guys see one more low=

typical bottoming action

  1.  "August 2018 has finally arrived.  And, right on schedule, the XAU is dropping sharply and has almost reached the downside target that has been in place since late-2016."  -Gold market cycle expert Erik Hadik, Aug 2, 2018.

dharma

if today's rally holds and closes at/near highs then I will like the chances a potential final low is in place, very few think that possible, I really like the fact that HUI yesterday eked out a new closing low below Dec 2016 - possibly ending a wave 2, same situation with SILJ registering a new low since the 2016 rally high. and da beat goes on. Nice to see Hadik's stuff mesh so nicely here. Gold also could be completing  5 year inverse H $ S bottom, we see

 

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#17 gannman

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Posted 07 August 2018 - 06:01 AM

We should get about a 50 dollar rally in gld now for a wave iv then

A final drop for wave v to complete the wave 2 correction
feeling mellow with the yellow metal


#18 dharma

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Posted 07 August 2018 - 03:24 PM

dont know if there is more downside to this wave, but i do think we bounce and soon and then head into a final low 

so bottom line i agree w/you gannman  a bounce then the final low finishing off wave 2

when the low comes there should not be much hesitation thereafter. =bull mode

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#19 senorBS

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Posted 07 August 2018 - 06:21 PM

the near term charts of both gold and silver might be ending right here or tonight bearish contracting triangles which would suggest a thrust down to a new decline low and then an upside reversal as contracting triangles lead to ending declines (violent thrusts). We of course can't say it would be a final low but something is going to give here

 

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#20 Russ

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Posted 07 August 2018 - 08:24 PM

the near term charts of both gold and silver might be ending right here or tonight bearish contracting triangles which would suggest a thrust down to a new decline low and then an upside reversal as contracting triangles lead to ending declines (violent thrusts). We of course can't say it would be a final low but something is going to give here

 

senor

The bigger triangle looks to be just starting it's breakdown for gdx etc., it really looks like this is going to crash doesn't it?


Edited by Russ, 07 August 2018 - 08:26 PM.

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