108 replies to this topic

[jjc]

I am looking for a short term (52 hour) cycle to bottom around 2:00-3:00 et today. Looking to nibbiling at more gold and silver contracts and buy gdx for an overnight trade.

[dharma]

i had scrmf a gyana play anda russian company them out. it was 3x almost, but i thought they would be worth more. \ my point of bringing this up is gyana is a viable area for gold mining. and worth looking @ dharma

[dharma]

i do my own work i follow no one. silver is more speculative, when it leads that is what the market is telling you . cbs are the largest holders of gold. who is the largest holders of silver??? the july lows brought on a steep ascent. time ran out and the correction is in progress, so far it looks like a flat. so , it would not surprise me to see the lows tested again. i am feeling that by the 17th and 18th this correction will end, which would give a fairly normal correction , in terms of time. this move to 1359 is a Band C is yet to unfold, or there could be more left to B. and then C. if that plays out, i have ammo left and i will put it all in silver miners. but, the set up is for a near vertical move going into 11is in place . the bull is progressing in its unfoldment. and this rocket ride will mark the end of phase 2. any stock ideas are welcome, i do my own dd thanks dharma

[tradermama]

i do my own work
i follow no one.
silver is more speculative, when it leads that is what the market is telling you . cbs are the largest holders of gold. who is the largest holders of silver???
the july lows brought on a steep ascent. time ran out and the correction is in progress, so far it looks like a flat. so , it would not surprise me to see the lows tested again. i am feeling that by the 17th and 18th this correction will end, which would give a fairly normal correction , in terms of time. this move to 1359 is a Band C is yet to unfold, or there could be more left to B. and then C. if that plays out, i have ammo left and i will put it all in silver miners. but, the set up is for a near vertical move going into 11is in place . the bull is progressing in its unfoldment. and this rocket ride will mark the end of phase 2. any stock ideas are welcome, i do my own dd
thanks
dharma

I too dont "follow" people as far as what i ultimately will do..one always have to do their own due diligence because no one is 100% right all the time...managing risk is my first priorty.....I give respect to those who have good track records and like to see if it matches what I think and observe..but ultimately it is my decision based on what I see and feel.....I think you will be right regarding a blast off soon based on the macd's that are close to crossing over..especially in the gdx, $xau, $hui and slv...I do have the turn dates of Merriman Nov 17-18 which is the Venus direct..but if those macd's do cross up soon and we are going up into it..then we should reverse from a short term top and vice versa if we are going down into it...I know it make sense for us to have a low because we had a top around the period of Venus retro...but who knows..maybe she's finicky by then...

I've been accumulating HL..Hecla Mining..it's been range bound for a couple of weeks since the top..a strong support at $6.60 but now trying to poke over that $7 area again...if it closes over around $7.05..I think it will take off..but for now..$7 is holding it back..it just had earnings too..which were good fwiw...any opinions on it are welcomed too

TM

[inamosa]

The violation of $1333 bugs me, but, I find that Fed days are always volatile for gold. It's not uncommon for many stops to be broken on the upside or downside (particularly the latter) and then for a late day reversal to occur. So, be careful out there. I think a close below $1315 is needed to significantly favor a multi-week correction being still in the cards. Otherwise, this is just filling action, in my opinion.

[dharma]

ok so plan B seems to be unfolding. i will put the rest of my cash to work on oversold and diverging on the hourly charts. xau/hui/gld. i have stated for years that i didnt think silver would take out the 80 highs. well if someone can post , stubaby anyone, a long term chart of silver going back to 1980 . the large, very large cup is apparent. i now think this will make new highs. the 17-18th are turn dates for me , not only from merriman, but also fibonocci dates. dont know how this all shakes out in the short term , i am looking for a significant move to the upside. i am guessing that the 1315 gets taken out. wouldnt that scare some newbies. in this market , until we go into the parabolic, chasing price guarantees you some hard knocks. dharma now i realize this is along time ago, but i had hl last time around and the management fumbled time and time again that and cde left a bad taste in my mouth do your own dd: exk, fvitf, frmsf, svm, slw, isvlf off the top of my head.

[dharma]

profit taking in the broads
http://finviz.com/insidertrading.ashx

aly, since the move to 1364 did not make new highs , this could all be part of the correction w/1316 being A , Bto 1364 , and now C. we are entering the seasonally strong period. so the correction is welcome. i am a buyer wherever this thing bottoms
dharma

[dharma]

gonna ride w/what i got for now. dharma

[tradermama]

ok so plan B seems to be unfolding. i will put the rest of my cash to work on oversold and diverging on the hourly charts. xau/hui/gld.
i have stated for years that i didnt think silver would take out the 80 highs. well if someone can post , stubaby anyone, a long term chart of silver going back to 1980 . the large, very large cup is apparent. i now think this will make new highs.
the 17-18th are turn dates for me , not only from merriman, but also fibonocci dates. dont know how this all shakes out in the short term , i am looking for a significant move to the upside. i am guessing that the 1315 gets taken out. wouldnt that scare some newbies. in this market , until we go into the parabolic, chasing price guarantees you some hard knocks.
dharma
now i realize this is along time ago, but i had hl last time around and the management fumbled time and time again that and cde left a bad taste in my mouth
do your own dd: exk, fvitf, frmsf, svm, slw, isvlf off the top of my head.

FWIW I just noticed on the SLV..it had the highest volume day since it started in 2006..with more sellers than buyers...i'm afraid i can't post the chart because I dont know how but this could be a sign of weakness to come for silver..maybe Merriman's 111 week cycle low is coming up sooner than later..as Ken points out anytime from now till June..
TM

[dharma]

silver new highs , gold not slv new highs, gld not gdxj new highs, gdx/hui/xau not so this picture is saying the most speculative sectors of this complex are frothy. the rest not so much i am watching and waiting. go ahead venture a guess. ok we correct in here till mid month or so. then blast off . buy the cats and dogs here and watch them run that game will end shortly dharma