Broke above GDX 18.64 Friday and now testing that level from the high side. This a very important test now and if successful, the downtrend line is next.
cheers,
john
Sentiment - informal poll
Started by
SilentOne
, Nov 12 2014 12:47 PM
33 replies to this topic
#21
SilentOne
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Posted 17 November 2014 - 09:39 AM
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#22
SilentOne
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Posted 19 November 2014 - 08:33 PM
Broke above GDX 18.64 Friday and now testing that level from the high side. This a very important test now and if successful, the downtrend line is next.
cheers,
john
Broke above GDX 18.64 and the daily downtrendline ... Now come the TEST of the lows.
If you go back to the 2008 low for GDX, the low formed over five weekly candles and held the 17.59 level on most of them. That is very close to the two large volume candles (Nov 7 and 14) with lows at 17.54 we are watching. We are currently in the 4th week of a test of this level ...
17.54 is pretty much THE LEVEL on GDX to hold on a weekly closing basis.
OBTW, This week is the 6 year anniversary of that low ...
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#23
SilentOne
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Posted 21 November 2014 - 10:18 AM
I added to CEF again yesterday. Looking for some consolidation for PMs here and would like to see one more test. Still holding very long and looking to add back trading positions.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#24
johngeorge
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Posted 22 November 2014 - 02:16 PM
Thanks for the updates John. Know they are very much appreciated. I too am looking for a pullback. Will add to my positions in NGD and MUX when that occurs.
Best to you. 
Peace
johngeorge
johngeorge
#25
dougie
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Posted 23 November 2014 - 01:46 PM
seems the consensus here is for another deep pullback
only thing seems to be in question is how far down this time
#26
SilentOne
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Posted 24 November 2014 - 10:04 AM
Need some kind of test and then another leg up ...
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#27
SilentOne
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Posted 01 December 2014 - 09:37 AM
Well, in case anyone is reading this thread today, this is our test of the lows for PMs ... Crude is at a very important juncture as well. $60 - 65 is major support and should hold the floor. TWT.
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#28
mss
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I'M WATCHING
Posted 01 December 2014 - 09:47 AM
We wait and wait and ------Well, in case anyone is reading this thread today, this is our test of the lows for PMs ... Crude is at a very important juncture as well. $60 - 65 is major support and should hold the floor. TWT.
mss
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#29
SilentOne
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Posted 01 December 2014 - 09:51 AM
We wait and wait and ------Well, in case anyone is reading this thread today, this is our test of the lows for PMs ... Crude is at a very important juncture as well. $60 - 65 is major support and should hold the floor. TWT.
mss
Yes it is the hardest thing to do at times. Still long CEF and a few miners for investment purposes. trading positions on hold.
cheers,
john
"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain
#30
mss
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Posted 09 December 2014 - 11:15 AM
There is an indication that we may at long last be on the way UP!
BE CAREFUL.......
WOMEN & CATS WILL DO AS THEY PLEASE, AND MEN & DOGS SHOULD GET USED TO THE IDEA.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
