59 replies to this topic

[Ken]

Silver is making new yearly highs (currently Spot Silver has already traded as high as $17.18) while gold is not making new yearly highs while Mars is turning retrograde. This is a classic sign of gold exhibiting an intermarket bearish divergence to silver.  Watch out!

 

Gold needs to trade above it's most recent high of $1287.80 (March 11th intra-day high) to maintain this bullishness in the precious metals.

 

Also, according to Merriman Mars goes into the first 6 degrees of Sagittarius from May 4th to May 27th and this is normally bearish for gold.

[tria]

They started feeding me DUST,

not coughing blood for now,

but I may choke in a couple of days anyhow.

Edited by tria, 19 April 2016 - 11:21 AM.

[tria]

I had enough Dust for today.

 

Since my ideal high date is/was  5/21 I'll have to keep some appetite intact for Thursday's servings,

in case the food is cheaper.

Edited by tria, 19 April 2016 - 02:34 PM.

[tria]

Mistake, ignore

Edited by tria, 20 April 2016 - 04:01 AM.

[tria]

mistake

Edited by tria, 20 April 2016 - 04:01 AM.

[tria]

I erroneously deleted an ealier post.

 

Bottom line is that although I think/expect the high $1,250s could be tested again today and/or tomorrow,

I think not much further progress will be observed.

 

I'll keep some powder dry for more Dust eating tomorrow just in case the plat du jour becomes

even cheaper, and near the potentially ideal time for the GDX to top in the short term at least.

Edited by tria, 20 April 2016 - 08:12 AM.

[tria]

 The very popular in this forum Mr Eric Hadik, suggested last night in a free e-mail this:

 

"That also dovetails perfectly with ongoing projections for another quick, 2--3 day surge in Gold & Silver between April 19th and April 22/25th - when an intermediate high has been projected."

 

 I personally think the high comes just a bit earlier than that but we are near his window dates for a high.

Edited by tria, 20 April 2016 - 09:27 AM.

[dougie]

Tria how long you think this high holds?

[tria]

Tria how long you think this high holds?

 

At least to the end of April if you are referring to Gold Dougie and as late as mid May.

Small possibility to last to the end of June, just very small, imo.

Let us get over the important next week's trading and we may talk again.

 

All I can see is 3 higher GDX highs and 3 lower Gold closing prices.

All I can see is 10,645 GLD 121.00 Calls expiring 4/29, wish them good luck.

All I hear is that Gold is under distribution in the last 5-days on average.

Apart from the above, I know absolutely nothing.

 

.

[dougie]

maybe we are targetting GDX 27 here? Some sort of very bullish 1-2 1-2 count for a thrid wave here?