911 replies to this topic

[wxman]

Looks clean and complete or nearly so, FWIW:

 

http://schrts.co/paydfaQE

Looks like we might have an "inverted hammer" candlestick today, if tomorrow closes up.

 

http://tradingtermin...ted-hammer.html

Edited by wxman, 09 May 2019 - 03:59 PM.

[stubaby]

 

Looks clean and complete or nearly so, FWIW:

 

http://schrts.co/paydfaQE

Looks like we might have an "inverted hammer" candlestick today, if tomorrow closes up.

 

http://tradingtermin...ted-hammer.html

 

http://schrts.co/AMvBRDpW

 

I am seeing the past 5 days or so as an unfolding Wave 4 of some degree - so Wave C of 2 appears to be extending, FWIW

[dougie]

most likely...

[senorBS]

interesting to observe some of the silver sector getting destroyed as SILJ is now within a few pennies of taking out the Nov 2018 previous large correction low (from 2016 high) at 7.42, This is probably a wave 5 of C as stocks like HL (in bad shape) , CDE, FSM and Paas are all easily at new decline lows. Gotta be real selective in what you own/buy here, either stay with the ETF's or pick quality stocks. My top 3 holdings are GDXJ/NEM/WDO, as always DYODD

 

Senor

[senorBS]

also continue to like the CEF chart, to me it looks like 5 up near term from possible large wave 2 low, if correct worse case short term is a move down to 12.20 to end a correction of the near term 5 up. Also saw that we so far have double topped in the GSR ratio near 87.2,  that ratio is looking very toppy to me, we see

 

Senor

[senorBS]

Monday s/b very interesting as it appears Trumps somewhat positive trade tweets on Friday were BS and the big stock mkt bounce could get quickly reversed Monday (NYA has a clean 5 down). Seems we are very far apart on any deal and it may get worse with no end in sight. Buckle up

 

Senor

[dougie]

79 pages and counting on this "bottomfishing" expedition

[senorBS]

79 pages and counting on this "bottomfishing" expedition

well since we are pretty much mid range in the GDX since its "SEP" low I guess you could also name this thread 79 pages of a "top picking" expedition but I think that would be a mistake and I will lay out why. When I look at longer term charts since the 2011 highs it looks to me like a huge base continues to form (starting with the late 2013 GDX lows) and likely be in its latter stages so wouldn't a logical topic be one of trying to identify a bottom? especially when IMO GDX and most others have huge and clear 5-wave wave rallies in 2016 and more recently SLV and CEF have clear five wave rallies from their Nov lows of last year and one can make a pretty decent case that GDX has 5 up from its low last Sep, with all that I think the smart risk/reward thing to do is to be accumulating longs here for the big picture or at least actively looking for signs of another secondary bottom, we all have our opinions and I have laid out the "why" for mine, what is yours?

 

Senor

[Smithy]

Senor you can add to that that California CPI is rising and has reached 4%, giving Californians negative real rates.

National CPI remains around 2%. Dollars to donuts it will follow California.

[Russ]

Robert David Steele says Trump is going to create a gold backed dollar. Can this be true? ... https://www.youtube....h?v=oOZ0PiS9a5k