320 replies to this topic

[dharma]

i am cautiously optimistic on the metals. we have to see a couple of closes above 1350 , of course it doesnt have to be today silver leading which is bullish and a change. the gdx/gld ratio is also putting in what appears to be an inverse h&s pattern. the pattern is appearing all over the sector. is it painted or a real pattern??? we shall see. the 60yr cycle is due to bottom in oct hadik has brought the 40yr cycle to the fore, and it too calls for a bottom in october. so until october is in the rear view mirror caution is key for me dollar is weak bonds have been weak and are due for at least a bounce there are so many possibilities dharma

[Russ]

Notice the 50 and 200 weekly doing the kiss-off before going into orbit....

http://stockcharts.c...76064907305.png

[dougie]

dharma: both you are armstrong had 7th turn date. Same methodology?

i am cautiously optimistic on the metals. we have to see a couple of closes above 1350 , of course it doesnt have to be today
silver leading which is bullish and a change. the gdx/gld ratio is also putting in what appears to be an inverse h&s pattern.
the pattern is appearing all over the sector. is it painted or a real pattern??? we shall see.
the 60yr cycle is due to bottom in oct
hadik has brought the 40yr cycle to the fore, and it too calls for a bottom in october. so until october is in the rear view mirror caution is key for me
dollar is weak
bonds have been weak and are due for at least a bounce
there are so many possibilities
dharma

[dharma]

dharma: both you are armstrong had 7th turn date. Same methodology?

i am cautiously optimistic on the metals. we have to see a couple of closes above 1350 , of course it doesnt have to be today
silver leading which is bullish and a change. the gdx/gld ratio is also putting in what appears to be an inverse h&s pattern.
the pattern is appearing all over the sector. is it painted or a real pattern??? we shall see.
the 60yr cycle is due to bottom in oct
hadik has brought the 40yr cycle to the fore, and it too calls for a bottom in october. so until october is in the rear view mirror caution is key for me
dollar is weak
bonds have been weak and are due for at least a bounce
there are so many possibilities
dharma

you know i dont know
dharma

[senorBS]

nice action, gold closes flat, sil up 21 cents, gold HUI and GDX at session highs and silver leading - bueno stuff "so far" Dharma and I agree, can't get overly excited about big picture yet but very constructive near term action, I think odds are good gold will be above 1350 in next 5-10 trading days Senor

[Russ]

In gold we do not see anything major yet. The turning points appear to be Sept/Oct with choppiness ahead and the big turning point comes in January, A close above 2025 in silver will help for bounce into next week.... Martin Armstrong - August 9th

[senorBS]

Nice Sunday evening start, gold at 1330 and silver at 20.93 - near term tres wave action norte IMO. gold target remains 1380-1400, silver 22 BSing away Senor

[Russ]

Very Bullish charts...

http://www.safehaven...uy-hold-or-sell

[dharma]

i do see silver and the miners leadng= bullish.
i do see inverse h&s patterns. in the charts and in the charts of many miners. gold has the inverse h&s pattern as well as an activated cup and handle pattern. i am long term bullish on the metals. that is my bent. however, nothing has been proven yet by the patterns(which have to be activated by a move above the neckline and then a pullback to near or below the neckline) the situation however, looks constructive. i read everyone, do my own work and come to my own conclusions.
backing up
there is a major 60yr cycle which gann pointed out (k pointed out a 54 yr cycle, which gann also uses for wheat)this cycle is due to bottom any time now. ideally oct.
hadik has done research on a 40yr cycle which is also apparent to me(due to his pointing it out) which is also due for the low in oct. so in either event we are close. hadik also had august 5-7 as significant.
there is a major astro event 23-27 i want to see what that brings.
i want to see the market make higher lows and higher highs. then i want to see significant resistance points taken out. then we could be on our way. otherwise the possibility exists for an oct low.
i am watching the broad market to see if we have a temporary pullback, if it occurs and it is severe, then it could suck gold down also.
there are many experienced traders on this board. guys who have been doing this for decades. this is important. it means we have experienced all kinds of bull and bear markets. these guys (like senor,stu etc) do their own work and come to their own conclusions.
this bear in gold , even though its w/n a secular bull market is one of the most devastating i have seen. many companies will not prevail. there will be a big m&a phase. the majors are being forced to use up their high grade finds. due to market conditions . dont be in a hurry. if this was a bottom , there will be a wave 2 . and above all dont leverage. over the past 2 yrs i have seen quite a few people go bust.
dharma

this is a gann chart, https://www.facebook...1...e=1
notice the points that he has highlighted

Edited by dharma, 12 August 2013 - 11:12 AM.

[Russ]

Dharma wrote: this is a gann chart, https://www.facebook...1...e=1
notice the points that he has highlighted

Interesting that Stu's projected high for gold stocks and Chris Gibson's Gann turning point for gold on August 23 are in agreement.

Edited by Russ, 12 August 2013 - 12:57 PM.