97 replies to this topic

[dharma]

forgot to mention the consolidation above the highs of 1306 is a powerful indicator for higher prices

dharma

[jabat]

China gold imports jump 68% in May to 115 mt, highest in five months

https://www.platts.c...ighest-26480084

[dharma]

yes, that is to its citizens. the pboc on their website hasnt bought for june

w/the market rising into the  close , it looks higher. 

need to see volume expand=shorts covering and folks chasing

dharma

gilbert is quite bullish https://www.elliottw...1606261307.html

[dharma]

today is canada day so the explorers are pretty much not trading

above 28 gdx and above 1330 gold , if closes happen above these #s then it is the gateway to higher prices

i am 90% long and it is where i will remain until i think this leg is finished

this is now where the price chasers enter the fray

the bradley is the 4th

but the 17 week cycle tops in august and now this becomes a viable target

is risk on or off ? gold is risk off stocks are risk on.  one is deceptive here.  my guess is its stocks and i think expectations are not going to be met in the broad market . i am looking for a crash aug-oct

 dharma

i wonder how marty is going to spin this?

[goldfungus]

today is canada day so the explorers are pretty much not trading

above 28 gdx and above 1330 gold , if closes happen above these #s then it is the gateway to higher prices

i am 90% long and it is where i will remain until i think this leg is finished

this is now where the price chasers enter the fray

the bradley is the 4th

but the 17 week cycle tops in august and now this becomes a viable target

is risk on or off ? gold is risk off stocks are risk on.  one is deceptive here.  my guess is its stocks and i think expectations are not going to be met in the broad market . i am looking for a crash aug-oct

 dharma

i wonder how marty is going to spin this?

No trading, only buying for me. And I won't sell my leveraged ETFs until we reach 39 on GDX. 

[dougie]

PVG is on fire. what is up there?

[dougie]

hard to imagine how far many of these juniors fell

or that they might ever regain old highs...

[dougie]

still think there is a chance this is a 5th wave now in GDX

[dougie]

will this DT be a place to pause?

[dougie]

imaginings of an old man?