15 replies to this topic

[Russ]

Silver went lower but Gold did not, rally time now!

http://www.investing...ommodities/gold

Edited by Russ, 20 May 2013 - 11:18 AM.

[wxman]

I've been following Nichols' 21-month gold cycle

http://www.fractalgo...ticle.php?id=12

http://www.stockcharts.com/h-sc/ui?s=$...amp;a=181128327

Ed Carlson thinks that this 21 month cycle is a low, which looks reasonable (in this time frame)

http://www.traderpla...low-in-may-gld/
also Lindsay's count from the middle section

http://www.traderpla...ay-part-ii-gld/
-----------------------------------

Silver went lower but Gold did not, rally time now!

http://www.investing...ommodities/gold

[senorBS]

the lack of any excitement here IMO is stunning and telling. I think this could be a lot bigger low than anyone thinks and that includes me. That said stops raised in all longs. BSing away Senor

[gvc]

interesting that front month silver stopped 21.01 which just happens to be .62 retracement of the rally from 1990 to 2011 which was 3.51 low to 49.82 high.

[Russ]

Thanks for all that wxman, interesting that the number 21 is so important, which I have heard other analysts make reference to as an important number for a variety of cycles and indicators.

I've been following Nichols' 21-month gold cycle

http://www.fractalgo...ticle.php?id=12

http://www.stockcharts.com/h-sc/ui?s=$...amp;a=181128327

Ed Carlson thinks that this 21 month cycle is a low, which looks reasonable (in this time frame)

http://www.traderpla...low-in-may-gld/
also Lindsay's count from the middle section

http://www.traderpla...ay-part-ii-gld/
-----------------------------------

Silver went lower but Gold did not, rally time now!

http://www.investing...ommodities/gold

[senorBS]

interesting that front month silver stopped 21.01 which just happens to be .62 retracement of the rally from 1990 to 2011 which was 3.51 low to 49.82 high.

I have the low at 20.25 and saw another quote source have it at 20.05, it did not stay there long but I was watching it trade there. It matters little as today's rally may muy bueno

Senor

[gvc]

interesting that front month silver stopped 21.01 which just happens to be .62 retracement of the rally from 1990 to 2011 which was 3.51 low to 49.82 high.

I have the low at 20.25 and saw another quote source have it at 20.05, it did not stay there long but I was watching it trade there. It matters little as today's rally may muy bueno

Senor

Yes..saw that for July silver, but i thought may silver bottomed at 21.01. Like u said..really doesnt matter much at this point

[gameover]

gold bounce yesterday was for suckers the TOP in metals has been in for a long time just like the early 80's, top in and DOWN

[risk_management]

gold bounce yesterday was for suckers

the TOP in metals has been in for a long time

just like the early 80's, top in and DOWN

I love it how some people see the future so clearly. I don't know if the top in metals is long term or not. Nor do I care. But what happened yesterday looks to me like a textbook pivot reversal (GDX). This morning sell of looks to me like a typical scare that is supposed to shake off that last hope. And the volume was running a bit low (GDX). I think short term odds, and those are the only odds I care, are in favor or longs. Considering miners action last 6 months and common sense comparison between them and some other asset classes would make sense for some rotation at this juncture. BWTFDIK

[Russ]

George Soros is reported to have bought a large amount of Gold stock call opitions, bwtfdhk??

I love it how some people see the future so clearly. I don't know if the top in metals is long term or not. Nor do I care. But what happened yesterday looks to me like a textbook pivot reversal (GDX). This morning sell of looks to me like a typical scare that is supposed to shake off that last hope. And the volume was running a bit low (GDX). I think short term odds, and those are the only odds I care, are in favor or longs. Considering miners action last 6 months and common sense comparison between them and some other asset classes would make sense for some rotation at this juncture. BWTFDIK