Jump to content



Photo

bottoming process continues


  • Please log in to reply
838 replies to this topic

#491 dougie

dougie

    Member

  • Traders-Talk User
  • 6,366 posts

Posted 12 March 2019 - 02:27 PM

imo down we go into a March low in miners...

but i will keep an open mind



#492 hhh

hhh

    Member

  • Traders-Talk User
  • 200 posts

Posted 12 March 2019 - 03:08 PM

Looks like up to me. Is your opinion based on TA or gut feel?



#493 hhh

hhh

    Member

  • Traders-Talk User
  • 200 posts

Posted 12 March 2019 - 03:24 PM

  The downtrend line from Sep 2017 has been broken, back tested, and launched from in GDXJ.



#494 dharma

dharma

    Member

  • Traders-Talk User
  • 7,735 posts

Posted 13 March 2019 - 10:50 AM

gold up no posts again today. if that is a contrary indicator than the market is in good shape

i am sitting still. not doing anything. i went very long platinum and am watching platinum come to life

it is still selling for much less than gold. which shows me these ratios dont hold true in all market phases

i have a turn saturday. which has me on my toes. 

dharma

shhhhh



#495 dharma

dharma

    Member

  • Traders-Talk User
  • 7,735 posts

Posted 13 March 2019 - 11:22 AM

banyy the way canada has 77 oz left in reserves. they sell gold coins every month to make up for govt shortfalls

i hold a significant position in novo.  i think it has an inverse h&s pattern.  today we have gone above the neckline @2.3 want to see a couple of closes above the neckline and then a move back to the neckline .i believe the story  hennigh was chief geologist at newmont he is a well known entity in the space. its why sprott has put alot of his money in novo. the strike in my opinion is very similar to pvg ie there will be tons w/nothing to little and tons w/ high grade making it difficult to access what is really there. novos strike has an added advantage though that much of the gold is near the surface . at denver a year ago they were using geiger counters to find the gold ,then digging it out w/a knife and pick axe. just a heads up .do your own due diligence  i know nothing

dhamra 



#496 dougie

dougie

    Member

  • Traders-Talk User
  • 6,366 posts

Posted 13 March 2019 - 02:11 PM

Looks like up to me. Is your opinion based on TA or gut feel?

Both. Elliot count too.

But as I say I am not married to that.

if my gut is right down should start in here somehwere



#497 hhh

hhh

    Member

  • Traders-Talk User
  • 200 posts

Posted 13 March 2019 - 02:13 PM

Where do you have it in your Elliott count? I can see an argument for 3 of 3 starting here. Thanks.


Edited by hhh, 13 March 2019 - 02:14 PM.


#498 dougie

dougie

    Member

  • Traders-Talk User
  • 6,366 posts

Posted 13 March 2019 - 02:15 PM

b of 2



#499 hhh

hhh

    Member

  • Traders-Talk User
  • 200 posts

Posted 13 March 2019 - 02:16 PM

May have completed 2 as an expanded flat already. Can you rule that out?



#500 dougie

dougie

    Member

  • Traders-Talk User
  • 6,366 posts

Posted 13 March 2019 - 02:22 PM

no i cant if i am reading you right. Picture?