155 replies to this topic

[Russ]

Good spike low on the 5 and 15 minute charts, the 1157 gap is nicely closed now.

[lotus2t]

Good spike low on the 5 and 15 minute charts, the 1157 gap is nicely closed now.

Previous low was tested on lower volume. But the wkly macd of gld and even gdx look terrible.

[senorBS]

if I have the right count going (GDX,GDXJ) an abc down for wave "D" of a bearish contracting could be in wave v of c of D right here, big if but possible

 

Senor

For me the "ideal" situation would be that a bearish 4th wave contracting tri plays out with a wave "e" rally Mon/Tues in the GDXJ/GDX, that would set up a thrust down to a likely final low and IMO high confidence outcome. If we continue down hard on Monday and break to new decline lows then I think a significantly more bearish outcome is happening. Monday IMO is another key session. I am flat and waiting

 

BSing away

 

Senor

[Smithy]

My support levels are 1155-1159, 1142, 1134 and 1120.

Below 1120 I throw myself out the window.

[Smithy]

Good thing I live on the ground floor lolol

[dougie]

What news eveng might be seen as the trigger

[AChartist]

Very tough here with my 6 week cycle straight up this is a large magnitude cycle,

 

but with 59 week spike low occurring in same time, but of course 59 week spreads over a time

 

and is not a distinct point.

 

If bullish the look of the cycles can produce 2-3 weeks up, a final low will be huge if higher in 5-6 weeks

 

with next 9 week cycle low. Some breadth and volume now would be a good sign.

 

 

so I will meet my first $300 margin call on gold stuff tomorrow.

 

there is enough satanist technology coming out of cia and clinton "statute" to confuse things until inauguration.

 

I have it by prophecy that the satanists will always fail and worse, backfire, not to let it cause any anxiety. 

[stubaby]

 

if I have the right count going (GDX,GDXJ) an abc down for wave "D" of a bearish contracting could be in wave v of c of D right here, big if but possible

 

Senor

For me the "ideal" situation would be that a bearish 4th wave contracting tri plays out with a wave "e" rally Mon/Tues in the GDXJ/GDX, that would set up a thrust down to a likely final low and IMO high confidence outcome. If we continue down hard on Monday and break to new decline lows then I think a significantly more bearish outcome is happening. Monday IMO is another key session. I am flat and waiting

 

BSing away

 

Senor

 

Exactly Senor - Friday's action could have been the 'd' with 'e' ahead for 4 - I kept looking for the 'c' of 4 all last week with the underlying indicators turning up (MACD, RSI, etc.) - but "price" never responded.  So let's hope for this scenario next week and as you say if we break lower to new decline lows then maybe we are looking at a more bearish outcome like completed 1-2 1-2 and entering a 3 down of C.

 

Tough market for sure - was lightly long last week - switched to lightly short early Friday, FWIW

[senorBS]

 

 

if I have the right count going (GDX,GDXJ) an abc down for wave "D" of a bearish contracting could be in wave v of c of D right here, big if but possible

 

Senor

For me the "ideal" situation would be that a bearish 4th wave contracting tri plays out with a wave "e" rally Mon/Tues in the GDXJ/GDX, that would set up a thrust down to a likely final low and IMO high confidence outcome. If we continue down hard on Monday and break to new decline lows then I think a significantly more bearish outcome is happening. Monday IMO is another key session. I am flat and waiting

 

BSing away

 

Senor

 

Exactly Senor - Friday's action could have been the 'd' with 'e' ahead for 4 - I kept looking for the 'c' of 4 all last week with the underlying indicators turning up (MACD, RSI, etc.) - but "price" never responded.  So let's hope for this scenario next week and as you say if we break lower to new decline lows then maybe we are looking at a more bearish outcome like completed 1-2 1-2 and entering a 3 down of C.

 

Tough market for sure - was lightly long last week - switched to lightly short early Friday, FWIW

 

so far this mornings early action points to a higher gold stock opening and perhaps gold finally made a solid trading low overnight at 1151 (looks like it to me), also the 1-12 hr "bullish divergence coil" is impressive so a solid bounce here looks like a very decent possibility today/tomorrow, we see

 

Senor

[dougie]

Strange divergence silver and gold, silver and gold