36 replies to this topic

[tria]

couldnt agree more stubaby.senor ,
i bought yesterday as well today the gdx stopped @yesterdays gap down. i am looking for a small shot down creating hourly oscillator divergences from oversold. monday is expiration. we are splitting hairs here. all the while western cbs sell their gold. mines are finding lower grades and it becomes more expensive to mine. @these prices, mining is not a great biz. awaiting price discovery which should come soon. china had been buying gold to smuggle into india. june saw india import over 100tons. the july #s are not out yet. but in spite of norcini, who many times doesnt get his facts straight, demand in china remains robust.
dharma

my guess amigo is no "hourly shot down" as that would make it too easy for hombres not long to get long - my take is she keeps rising norte like a true tres wave that leaves many in the dust, we see

Senor

I couldn't agree more with what you envision Senor, Stu and Dharma.
I do believe however that the rally will be stronger come early August.

-tria

[dharma]

couldnt agree more stubaby.senor ,
i bought yesterday as well today the gdx stopped @yesterdays gap down. i am looking for a small shot down creating hourly oscillator divergences from oversold. monday is expiration. we are splitting hairs here. all the while western cbs sell their gold. mines are finding lower grades and it becomes more expensive to mine. @these prices, mining is not a great biz. awaiting price discovery which should come soon. china had been buying gold to smuggle into india. june saw india import over 100tons. the july #s are not out yet. but in spite of norcini, who many times doesnt get his facts straight, demand in china remains robust.
dharma

my guess amigo is no "hourly shot down" as that would make it too easy for hombres not long to get long - my take is she keeps rising norte like a true tres wave that leaves many in the dust, we see

Senor

I couldn't agree more with what you envision Senor, Stu and Dharma.
I do believe however that the rally will be stronger come early August.

hi tria,i see that as well . i dont have a clue what it will be, but something happens in august.
dharma

-tria

[tria]

One thing I like is that it has started going up in 5s and corrects in 3s. Furthermore there were positive RSI diverergences at yesterday's lows in many smaller than the daily time frames. -tria

[dougie]

in the past 10 years, has the GDX ever managed a big up move when the slow stochs (14) on weekly were crossed down?

[dharma]

in the past 10 years, has the GDX ever managed a big up move when the slow stochs (14) on weekly were crossed down?

here is the rub! on the monthly it is still going down and is oversold an up month will move the monthly positive.
so , its a unique situation.
i have finished my buying and i am open to this having a little more down. the correction could become more complex. i give it small odds, but its a possibility.
daily, weekly, and monthly oscillators are all in different places.
now what? gold is seasonally entering into its strong period. i give the bull the benefit http://seasonalchart...ssics_gold.html
djarma

Edited by dharma, 25 July 2014 - 01:30 PM.

[tria]

in the past 10 years, has the GDX ever managed a big up move when the slow stochs (14) on weekly were crossed down?

here is the rub! on the monthly it is still going down and is oversold an up month will move the monthly positive.
so , its a unique situation.
i have finished my buying and i am open to this having a little more down. the correction could become more complex. i give it small odds, but its a possibility.
daily, weekly, and monthly oscillators are all in different places.
now what? gold is seasonally entering into its strong period. i give the bull the benefit http://seasonalchart...ssics_gold.html
djarma

The montly MCD is threatening to have a positive cross and either by months end or by the end of August may do so. It had a negative cross in early 2012.

-tria

[dharma]

in the past 10 years, has the GDX ever managed a big up move when the slow stochs (14) on weekly were crossed down?

here is the rub! on the monthly it is still going down and is oversold an up month will move the monthly positive.
so , its a unique situation.
i have finished my buying and i am open to this having a little more down. the correction could become more complex. i give it small odds, but its a possibility.
daily, weekly, and monthly oscillators are all in different places.
now what? gold is seasonally entering into its strong period. i give the bull the benefit http://seasonalchart...ssics_gold.html
djarma

The montly MCD is threatening to have a positive cross and either by months end or by the end of August may do so. It had a negative cross in early 2012.

-tria

yes, exactly my point! to me. that positive cross on the monthly has long term implications. = the bear is done. the birth of the next leg of the bull. i think we could see a similar bear after the 16-17 this will be fought all the way up and then the final leg into 20
dharma

Edited by dharma, 25 July 2014 - 02:05 PM.