38 replies to this topic

[dharma]

good to see you senor volume was huge yesterday it screamed of puking=capitulation the miners are cheaper today than they were when gold was 300 the safest strategy is to buy the pullback after 5 waves up corrects=higher low the capitulation could continue? but, the point is have a strategy other than a crystal ball i continue to look for the miners to lead, when it turns they will be the leader as mouth watering as these prices are , they could still get cheaper. the sector is hated dharma

[senorBS]

good to see you senor
volume was huge yesterday
it screamed of puking=capitulation
the miners are cheaper today than they were when gold was 300
the safest strategy is to buy the pullback after 5 waves up corrects=higher low
the capitulation could continue? but, the point is have a strategy other than
a crystal ball
i continue to look for the miners to lead, when it turns they will be the leader
as mouth watering as these prices are , they could still get cheaper.
the sector is hated
dharma

well said amigo, the HUI/gold ratio had a 2-3 day crash as well hitting an unreal .103 yesterday which IMO represents extreme, perhaps generational puking Yes it can continue and go lower, but we are seeing some extremely interesting things here and I expect very high volatility to continue

Senor

[dharma]

good to see you senor
volume was huge yesterday
it screamed of puking=capitulation
the miners are cheaper today than they were when gold was 300
the safest strategy is to buy the pullback after 5 waves up corrects=higher low
the capitulation could continue? but, the point is have a strategy other than
a crystal ball
i continue to look for the miners to lead, when it turns they will be the leader
as mouth watering as these prices are , they could still get cheaper.
the sector is hated
dharma

well said amigo, the HUI/gold ratio had a 2-3 day crash as well hitting an unreal .103 yesterday which IMO represents extreme, perhaps generational puking Yes it can continue and go lower, but we are seeing some extremely interesting things here and I expect very high volatility to continue

Senor

my sense is we are close here . w/1089 being the mid point of the high/low. w/gold/hui ratio @ an extreme and every one conditioned to look lower. fridays cot can give another piece of the puzzle. also , throwing a slider here venus(finances ) goes retrograde this weekend , i look for a change in trend. could only be short term? we are in the seasonal weak time of year. note the futures has a different look then the spot seasonal chart http://www.graceland...2015jul7gs1.png
dharma

[senorBS]

DSI bullish percent in gold and silver both at an extreme 5% bulls for Tuesday (today), 5-day at 9.8% for both and 10-day at 14.1% Senor

[tradesurfer]

41.61 on the XAU is going to be a great number to go long the miners at for a huge upside bounce. we might actually reach it by the end of this week.. and the timing is interesting because it is playing into an equity market top which looks to start down hard soon... that may help gold zoom back UP from 1000

Edited by tradesurfer, 21 July 2015 - 10:17 PM.

[senorBS]

basis hourly thru daily charts this mornings modest new HUI/GDX lows looks like a 4/5 subdivision IMO, hourly and even daily RSI so far diverging, if correct should lead to a significant bounce when done and it could have already done so, as always DYODD PureBS Senor

[senorBS]

basis hourly thru daily charts this mornings modest new HUI/GDX lows looks like a 4/5 subdivision IMO, hourly and even daily RSI so far diverging, if correct should lead to a significant bounce when done and it could have already done so, as always DYODD

PureBS

Senor

if we did put in that fifth wave low at least a bounce to yesterday's high is likely, its also viable we "might" try for the gap fills at GDXJ 20.90 and GDX 15.30 areas, total best guesses here in a very volatile environment, we see

Senor

[dharma]

the 1/2 pt of the range =1924+252/2 =1088 is providing good support so far. that coupled w/every measure being oversold out to monthly charts. shorts keep pressing hogs get slaughtered when the broad market goes down, it will pull the dollar w/it dharma

[senorBS]

XAU and HUI just made marginal new decline lows, GDX close, looks like another 4/5 subdivision basis hourly and daily charts, 5th wave if correct could work lower, we see BSing away Senor

[senorBS]

the 1/2 pt of the range =1924+252/2 =1088 is providing good support so far. that coupled w/every measure being oversold out to monthly charts.
shorts keep pressing
hogs get slaughtered
when the broad market goes down, it will pull the dollar w/it
dharma

was reviewing Hadik's gold and silver cycle low stuff, it is due NOW and we should start to turn up very soon if it is going to play out

Senor