678 replies to this topic

[senorBS]

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

I think a lot of stuff can be counted as five up from lows, whether miners or metals themselves

 

Senor

[senorBS]

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

I don't discount this but silver COTs are just the opposite, technicals (excellent volume on recent rally) and wave counts look bullish to me, DXY looks toast with the lowest weekly close in many weeks. So yeah a near term pullback could easily happen but I don't at this time expect more than that, just an old amigos opinion

 

Senor

[tradesurfer]

This guy doesnt think the dollar looks toast.    I dont want to agree but I can see the case for it.

 

[tradesurfer]

this gold cot doesnt look beariash at all

 

https://freecotdata.com/commodities-2/

[Smithy]

The gold commercials are net short 172k contracts compared with 110k a week before - that's +56% in a week. Silver was +10%.

[Smithy]

A good read ... "Game over" - Sven Henrich of northmantrader.com

 

https://northmantrad...07/game-over-2/

[Smithy]

GSR breaking new highs.  WOW

[tradesurfer]

I bailed on all gold silver stuff for a loss.  Might jump back in. but this is starting to look like we will still get a deflationary wave going into end of year.   Stock market and metals could tank into end of year.  Fed will not cut rates in 1 week and will hold off until september

[senorBS]

well if the second wave ii is done which I think there is a very solid chance of, then a wave iii of 3 should lie dead ahead, no excuses "if" this is the correct count, metals/miners should blast well, well above recent highs, we see

 

Senor

[stubaby]

well if the second wave ii is done which I think there is a very solid chance of, then a wave iii of 3 should lie dead ahead, no excuses "if" this is the correct count, metals/miners should blast well, well above recent highs, we see

 

Senor

Yep