144 replies to this topic

[dharma]

they may be painting a bear flag on the gold chart. gold has no bounce , miners remain firm. i am mentally prepared for new lows in the metal. as i have stated , what i want to see is the miners hold their lows . while gold makes new lows this has been the hallmark of past bottoms we have a bradley coming up on the 26. i dont see much happening oscillators for gold are still way oversold dharma

Edited by dharma, 11 November 2015 - 11:45 AM.

[dougie]

Let us know when you go double long

[dharma]

silver setting a record going back to the 70s down 1 days in a row dharma

[senorBS]

silver setting a record going back to the 70s down 1 days in a row
dharma

how many days is a row?

[goldfungus]

silver setting a record going back to the 70s down 1 days in a row
dharma

how many days is a row?

10!

[dharma]

silver setting a record going back to the 70s down 1 days in a row
dharma

how many days is a row?

10!

yes, 10 dont know why it didnt come through
the shorts are pressing and not getting much traction
market oversold.
will look forward to this weeks cots.
dharma

[senorBS]

just bot a good sized tranche of miners on this pullback from reversal high, now 30% long sector, stop under today's lows, as always DYODD BSing away Senor

[senorBS]

silver setting a record going back to the 70s down 1 days in a row
dharma

how many days is a row?

10!

yes, 10 dont know why it didnt come through
the shorts are pressing and not getting much traction
market oversold.
will look forward to this weeks cots.
dharma

love the POTENTIAL bottoming action here with us finally getting the marginal new gold low and I like how the miners are trading, technicals way oversold as well, as always anything can happen but this market IMO is prime for a key reversal, what I like here is that my stops on longs is now well defined, bueno risk/reward with proper tight stops IMO

PureBS

Senor

[dharma]

its tough to know for certain, but i happen to agree w/senor this sure looks like typical bottoming action in this sector miners holding up better than the metal. although we are deeply oversold its hard to know when gold/dollar is going to turn. the dollar going up will make usa multi nationals less competitive so they will start to put pressure on the powers that be to do something about the rising dollar the 26th is the bradley, and there is no guarantee that will turn the market. i do think the miners are under accumulation. so i am/have been doing the same. then you have gs jeff currie out there screaming for 1050 . 1033 is good support. time to tune out the noise. tomorrows cot could be revealing. i suspect the commercials have been buying , there is no pop in gold its much easier to buy when the market is in stage 2 dharma

[dharma]

i wanted to mention, yesterday was singles day in china. it was designated as an onlime shopping day in china. the peoplle bought 14bbbbillion worth of stuff china wanted to show their economy is not in trouble fwiw dharma my perception is miners are not collapsing w/gold setting or near setting new lows