178 replies to this topic

[Russ]

Some good support for Gold so far, I have trends for the US dollar index to stop going up by next Monday so that could give gold a boost.

Edited by Russ, 21 March 2014 - 01:29 PM.

[dharma]

SLV still holding and trading at the key 19.49/19.50 area I highlighted, I will say basis daily charts that wave "c" of an abc decline "could still" bottom here, we've become fairly oversold basis daily oscillators as well. However upside bounce today is very weak so far and so far looks corrective. Remaining neutral and watchful. In addition a modest new decline low in gold and HUI/GDX could result in 7 down from highs, tough call for now and just relaxin.

BSing away

Senor

yes, it could turn into a 7 zig zag correction.
dharma

[dharma]

Some good support for Gold so far...

between a rock and a hard place
dharma

[senorBS]

SLV still holding and trading at the key 19.49/19.50 area I highlighted, I will say basis daily charts that wave "c" of an abc decline "could still" bottom here, we've become fairly oversold basis daily oscillators as well. However upside bounce today is very weak so far and so far looks corrective. Remaining neutral and watchful. In addition a modest new decline low in gold and HUI/GDX could result in 7 down from highs, tough call for now and just relaxin.

BSing away

Senor

yes, it could turn into a 7 zig zag correction.
dharma

SLV made a marginal new low and the miners could easily do so the the next 60-90 minutes - we are very close

Senor

[dharma]

it is possible the whole correction ends today!? slv and gdx new lows. gold not zig zag correction?! dharma

[senorBS]

it is possible the whole correction ends today!? slv and gdx new lows. gold not
zig zag correction?!
dharma

who knows, I nibbled a little, just had to be a little long...LOL

that SLV at 19.49/19.50 is just Soooooooooooo interesting

Senor

Edited by senorBS, 21 March 2014 - 02:15 PM.

[dharma]

it is possible the whole correction ends today!? slv and gdx new lows. gold not
zig zag correction?!
dharma

who knows, I nibbled a little, just had to be a little long...LOL

that SLV at 19.49/19.50 is just Soooooooooooo interesting

Senor

these last 4 days have shaken out alot of weak hands.
dharma

[senorBS]

gotta wonder if the S$P finished an ugly diagonal triangle fifth wave today, if it did watch out below, huge daily and weekly divergences here Senor

[senorBS]

it is possible the whole correction ends today!? slv and gdx new lows. gold not
zig zag correction?!
dharma

who knows, I nibbled a little, just had to be a little long...LOL

that SLV at 19.49/19.50 is just Soooooooooooo interesting

Senor

these last 4 days have shaken out alot of weak hands.
dharma

big time on that

Senor

[goldfungus]

gotta wonder if the S$P finished an ugly diagonal triangle fifth wave today, if it did watch out below, huge daily and weekly divergences here

Senor

S&P-wise market may be about to call the Fed's bluff. If so, that was the last taper. So far GDX has held support. Back into NUGT. Go gold!