2 replies to this topic

[The_Gold_Miner]

The positive divergence on the MRI says there's a good possibility it's time to buy.

[senorBS]

How about last cinco days gold Bulls DSI sentiment 7-7-7-6-5%. Even on Friday's up day Bulls numbered the low for the string at 5%. All time 5-day low in Bulls - what a turn around from just a few months ago. Technical divergences and hugely oversold, plus a "possible" large ABC decline, at least a bueno bounce looks doable. Senor remains long NEM and GSS. Pure BS Senor

[SilentOne]

Hi GM and Senor, Well, having been killed with my PMs in April, I am still standing. I maintain that PMs are the only major bull market that I can find. JMO. I derive this from being a major $USD bear. Next leg down for the dollar directly ahead. It will be wave 3-1 IMO. Gold will be doing a 3-1 up, and so will the XAU and HUI. The waves up from the 2001 bottom were all 1,2 wave subdivisions. I know, I know. Doesn't seem possible. Unfortunately, we'll only know for certain later this year if any of this is possible. The first clue will be this next run. It should be a good one as part of a 3rd wave up. Everyone will count this as a 5th wave to end the gold bull. And if I am right, later this year wave 3-3 starts and the real show begins. We'll see. First thing is this next rally. It should be much more than a corrective bounce. LOL. cheers, john