678 replies to this topic

[Smithy]

This chart doesn't look encouraging for buying silver. Comments welcome.

 

 

[senorBS]

This chart doesn't look encouraging for buying silver. Comments welcome.

 

 

Disagree, given the GSR at an extreme multi-decade high near 89.5 and the silver COT's very bullish (much moreso than gold) with commercials holding more longs than shorts I think silver can and will soon start seriously outperforming gold, especially when folks become more convinced that this rally is for "real" in gold assuming that is the case, we will likely have a good read on that this week. we see

 

Senor

[Smithy]

You are right.    GSR finally might be starting its move.

[senorBS]

You are right.    GSR finally might be starting its move.

More confirmation coming in, SILJ volume already today the highest since later in 2016 topping action, and da beat goes on

 

Senor

[Smithy]

Today Thurs  6/6 at $1334 we might be getting a flag and pole forming which would take gold to 1364 or 1380. TWT

[Smithy]

Twiggy - he's now bullish gold which is better than him being bearish..

 

[Smithy]

Senor, I have an arguable 5 waves up for gold from the 5/22 low at 1269. Whaddya think?

[tradesurfer]

The COT on gold is scaring the crap out of me . I am chitting bricks. Massive increase in cot shorts

[Smithy]

Last time the comms were this short was right at the 2/19/19 gold peak and we saw a multi month slide.

[dougie]

take out 1380 with strength and the COTs will need to build out that position.

but until then IMO this could still be needing more work to the downside.