678 replies to this topic

[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

Yep

 

si amigo, this IMO is about as good as it gets IMO, buy here, put a stop perhaps a bit below the session lows and see what happens, as always DYODD

 

Senor

[senorBS]

GSR breaking new highs.  WOW

Did some very interesting SILJ/HUI ratio analysis this morning when it registered its lowest intraday reading since the decline from the 2016 top. That ratio right now is more oversold daily and weekly then at the 2016 bottom, the daily divergences are HUGELY coiled at  a HUGE extreme oversold area. In 2016 it was about the last thing to bottom and that occurred about 2 weeks after the SILJ major bottom on the Jan 20, 2016 low, well guess what folks today is about 2 weeks from the May 29th SILJ major bottom. So will history repeat itself and will the vastly underperforming silver sector finally start outperforming as it did in early 2016? And we just made new GSR highs above 90 and that is so far reversing fairly significantly today. I like this comparison quite a bit. As always DYODD

 

Senor

[senorBS]

 

GSR breaking new highs.  WOW

Did some very interesting SILJ/HUI ratio analysis this morning when it registered its lowest intraday reading since the decline from the 2016 top. That ratio right now is more oversold daily and weekly then at the 2016 bottom, the daily divergences are HUGELY coiled at  a HUGE extreme oversold area. In 2016 it was about the last thing to bottom and that occurred about 2 weeks after the SILJ major bottom on the Jan 20, 2016 low, well guess what folks today is about 2 weeks from the May 29th SILJ major bottom. So will history repeat itself and will the vastly underperforming silver sector finally start outperforming as it did in early 2016? And we just made new GSR highs above 90 and that is so far reversing fairly significantly today. I like this comparison quite a bit. As always DYODD

 

Senor

 

nice day and close for SILJ and the SILJ/HUI ratio yesterday which intraday hit the lowest level since its top in 2016. IMO "if" the metals sector is ready for a big up move SILJ (silver miner sector) is very likely to outperform given the blown out/oversold ratio charts.My two cents

 

Senor

[Smithy]

[Smithy]

SILJ is my largest holding.

[senorBS]

Great chart and it looks WAY BETTER with RSI divergences shown at the most extreme oversold levels - IMO the action since the late 2016 high is a very large and deep correction of the 2016 rally, if correct buckle up! 

 

Senor

[Smithy]

Tues morning 6/18

 

Gold topped out this morning at spot 1355; above that would mean another upleg, IMO. 

Long above, short below.

[Smithy]

Senor, a question for you. The correction that is coming up for gold, do you reckon it corrects from the low of May, or all the way back to August last year?  TIA...

[senorBS]

what correction? we are in a 3, I was wrong about a possible 5, luckily bot a bunch of stuff late yesterday and in the after hrs yesterday, pullbacks for now should be bot and likely fairly brief

 

Senor

[Smithy]

JNUG reverse split  on 6/28/19.

 

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