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bottoming process continues


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#141 Smithy

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Posted 13 December 2018 - 08:36 PM

Dharma, can you tell me in Vedic astro when Venus leaves Libra?



#142 K Wave

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Posted 14 December 2018 - 10:50 AM

Unfortunately, Silver has once again made a lower high as it has been doing for the last couple of years now...

 

This 14.50-14.60 are now looks key on multiple time frames.

If bulls are able to hold it, and then go take out 14.90, then tide may finally be turning.

 

But back below 14.50 for any length of time, and fresh lows cannot be ruled out....



#143 senorBS

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Posted 14 December 2018 - 12:45 PM

so far I like the gold correction as it looks like an abc x abc right down to prev 4th wave support at the 1233 area and we are now back near 1340, appears more classic Dec tax selling/bottoming action, yet one never knows, I remain long, as always DYODD

 

Also, I don't know which one will be the FINAL HIGH but IMO the DXY is in the the 8th or 9th inning of a large diag tri int term ending pattern basis daily charts - we see

 

Senor



#144 dharma

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Posted 14 December 2018 - 01:07 PM

jan 2 venus in scorpio vedic astrology

5 down days in a row.  gold down $7 in that stretch . the pm sector holding up well . looked like silver was going to break out , the bulls fumbled. tax loss selling season, fed on deck. short term stuff cloudy

ray dalio is calling for an inflationary depression. i have been calling it stagflation . w/the debt going vertical. last month, november the debt exceeded expectations. .  in spite of trumps tax extravaganza . tax the people on everything. all for the good of the country. anyway, the debt is out of control . and the piper will be paid.  cant say when all this comes to roost.  But GOT Gold .  it seems to me once the fed comes out w/its statement on interest rates the markets will have what they need to make their verdict.  really the market could go into bull mode or more time in purgatory.  we shall see. i lean bullish cause its my bent, but i see both possible counts. 

dharma

gg has made major mistakes in this bear phase, not doing what they promised they would do for starters.  however , i dont see a bottom yet.  they are a major and do have assets. their valuation may slip further


Edited by dharma, 14 December 2018 - 01:09 PM.