173 replies to this topic

[senorBS]

exited nugt long, if we look like HUI will close easily above 210 I may go long a non-leveraged position, flat for now BSing away Senor

[senorBS]

so far fails again to sustain a rally above HUI 210, day far from over, tough call here, am flat for now Senor

[dharma]

bernake is speaking , his last several talks have resulted in gold being taken to the wood shed. The HGNSI rose 6.7 points yesterday to -23.3%, while MarketVane’s bullish consensus fell a point today to 40%. not much to be said @this point , we came into resistance @1252 and backed off . looks like its forming a rounded bottom could be a while doesnt have to be . confidence has been shattered in this market dharma

[johngeorge]

Elliot Wave with Gary Wagner on Kitco News Published on Jan 13, 2014

[dharma]

the gann guy http://www.ganngloba...418352040d808ba
hgnsi remains unchanged -23..3% and market vane rose 1 to 41
double bottom in gold holding up, need to take out resistance. gold making a rounding bottom.
miners stronger.
its friday and the market is up , now that is something different
dharma

[senorBS]

looks like the real thing here to end the week, I consider this a bullish breakout in the miners, I bot AGQ near 17.05 and gold and silver should also breakout to the upside Senor

[stubaby]

its friday and the market is up , now that is something different
dharma

Something different about this "potential bottom formation" verses most others: the stair step – seems to be really creating confusion, doubt, and hesitation amongst the PM Bulls. All seem to want confirmation – “just a little higher” and then when we get it there is another drop and the confirmation moves “just a little higher”, keeping most OUT of reentering or adding to positions.

Not convinced "the" bottom is in, but am well positioned for this rally (a bit after Senior BS, but I have been adding on the pullbacks, instead of selling)

IMHO, this is a "swing" (Wave C of ABCDE triangle for Wave 4) and once Wave 4 is complete we will head for new lows, but IF NOT SO BE IT!

stubaby

[senorBS]

its friday and the market is up , now that is something different
dharma

Something different about this "potential bottom formation" verses most others: the stair step – seems to be really creating confusion, doubt, and hesitation amongst the PM Bulls. All seem to want confirmation – “just a little higher” and then when we get it there is another drop and the confirmation moves “just a little higher”, keeping most OUT of reentering or adding to positions.

Not convinced "the" bottom is in, but am well positioned for this rally (a bit after Senior BS, but I have been adding on the pullbacks, instead of selling)

IMHO, this is a "swing" (Wave C of ABCDE triangle for Wave 4) and once Wave 4 is complete we will head for new lows, but IF NOT SO BE IT!

stubaby

yeah, I am not sure about final bottom or not - don't really care right now, looking for likely rallies to area of 200-day MA's in gold-silver-HUI

BSinng away

Senor

[Russ]

its friday and the market is up , now that is something different
dharma

Something different about this "potential bottom formation" verses most others: the stair step – seems to be really creating confusion, doubt, and hesitation amongst the PM Bulls. All seem to want confirmation – “just a little higher” and then when we get it there is another drop and the confirmation moves “just a little higher”, keeping most OUT of reentering or adding to positions.

Not convinced "the" bottom is in, but am well positioned for this rally (a bit after Senior BS, but I have been adding on the pullbacks, instead of selling)

IMHO, this is a "swing" (Wave C of ABCDE triangle for Wave 4) and once Wave 4 is complete we will head for new lows, but IF NOT SO BE IT!

stubaby

Hi Stu,

I can see we are in a wave 4 approaching the top of the channel https://www.tradingv...com/e/t6Kf1GGQ/ but not sure about the other things you mentioned.

Could you post a chart showing what you just said? Thanks

Edited by Russ, 17 January 2014 - 12:04 PM.

[stubaby]

its friday and the market is up , now that is something different
dharma

Something different about this "potential bottom formation" verses most others: the stair step – seems to be really creating confusion, doubt, and hesitation amongst the PM Bulls. All seem to want confirmation – “just a little higher” and then when we get it there is another drop and the confirmation moves “just a little higher”, keeping most OUT of reentering or adding to positions.

Not convinced "the" bottom is in, but am well positioned for this rally (a bit after Senior BS, but I have been adding on the pullbacks, instead of selling)

IMHO, this is a "swing" (Wave C of ABCDE triangle for Wave 4) and once Wave 4 is complete we will head for new lows, but IF NOT SO BE IT!

stubaby

Hi Stu,

I can see we are in a wave 4 approaching the top of the channel https://www.tradingv...com/e/t6Kf1GGQ/ but not sure about the other things you mentioned.

Could you post a chart showing what you just said? Thanks

Russ:

Talking about Miners here:

http://stockcharts.com/c-sc/sc?s=$HUI&p=W&yr=2&mn=0&dy=0&i=p57885419144&a=330625896&r=159.png

http://stockcharts.com/c-sc/sc?s=$HUI:GLD&p=D&yr=1&mn=0&dy=0&i=p42015741167&a=331729869&r=990.png

stubaby