58 replies to this topic

[dharma]

w/gold above its 200dma, i am thinking before the close we could see some short covering

 

this is to be read carefully, its another in my stable

http://finance.yahoo...-113000437.html

 

the maors are starting to get involved

dharma

[dougie]

200 DMA has been a serious roadblock for a VERY long time in GDX

[johngeorge]

I found this interview on Feb 2, 2016 with Peter Boockvar very interesting.

[dharma]

moderators:is it possible to have the most current threads bumped to the top!

 

gdx broke out of its declining wedge

dollar breaking down vs yen and c

bone et al

gann guy http://www.ganngloba...7a11564db1dfe8a

1153 , 1168,1183 all resistance #s 

yesterdays volume in the miners was good 

the market still has to prove itself

chinese new year the 8th and i have a turn 8-9 acceleration or reversal?

the downtrend going back to 11 comes in @16..3 on gdx . above this and a whole new crop of buyers could enter the market. 

in the bear all gaps were filled , if this is a new bull, then todays may not get filled

it is interesting that the market is working the resistance #s 1 day , and then up to the next one. =acceleration anyone

against the sp miners are down 90%

dharma

Edited by dharma, 04 February 2016 - 11:35 AM.

[dharma]

lots being written on the sector 

the new lows in dec on the gdx was a bear trap.

tomorrow is the jobs # a lot of unanswered questions

it seems the fed governors have been out making noise on both sides of the fence

if we have a selloff on the jobs  # , i will look to step in . 

by any metric the miners are cheap. sure they could get cheaper

but, i buy on no margin, so i can wait

remember a 1 up is followed by a 2 down which retraces @least .618 of 1

so , nobody missed anything. 

dharma

[dougie]

Which often retraces .618
Not always
And from how much higher you think

[dougie]

lots being written on the sector 
the new lows in dec on the gdx was a bear trap.
tomorrow is the jobs # a lot of unanswered questions
it seems the fed governors have been out making noise on both sides of the fence
if we have a selloff on the jobs  # , i will look to step in . 
by any metric the miners are cheap. sure they could get cheaper
but, i buy on no margin, so i can wait
remember a 1 up is followed by a 2 down which retraces @least .618 of 1
so , nobody missed anything. 
dharma

Seems they are not letting folks easily step on this bus

[dharma]

exactly , there are huge short positions in the miners, its how things get beaten down 85% from the highs

the banks, i believe, are the canary in the financial field. the banks have gotten beaten up badly on this decline, 

not so much today.  they have financed the fracking industry, which is losing money if any are still in operation

look @ the plunge in rig counts.  you buy politicians for a reason.  the clintons started w/robert rubin of goldman sachs

and it has continued w/gary gensler being h clintons campaign manager.  it seems they have abandoned jeb for rubio

trump and bernie are the wild cards.  

dharma

again gold coming up to the next #in the price cycle

working a resistance # a day

marty had above 1143 as a weekly close # for gold to raise any hope of a temporary low

i wonder if it continues up , if marty will get bullish?

[dharma]

cots

http://news.goldseek.../1454704507.php

commercials increased their dollar shorts. but still not an outsized short positon

while their dollar short position is quite large

dharma