195 replies to this topic

[dougie]

No, Dougie. The scenario I'm discussing there is that the move from 12/2/15 to 7/10/16 is wave 1 of the new bull market. Wave 2 dropped to 12/15/16 and then the the point of my post is that because of the short lengths of notional waves 3 and 5 up from the 12/15/16 low until the 2/27/17 peak, that wave HAS to be corrective. Means we are now in a large C wave that will go to 1120 or much lower. Presumably cause by a roaring USD.

Thanks ! Seem s a reasonable count. But maybe that B isn't even done

[dougie]

Senor I think it is a good exercise to look at the % long in my PM stocks portfolio.  Turns out it is 20%. Thanks for posting your updates.

same to you amigo, I am ONLY trading the metals sector now so whatever percentage I am long miners the rest is in cash.I am getting more bullish here but am restraining myself as I do not think we will "V bottom" and will have opps toadd on the way up IF we bottom here and there remains a viable bearish caseNO BSSenor

Agree

[dharma]

while i see the possibility  , the miners could make new lows, i dont think gold will .  w/7 down days in a row, we are pressing this , there will be a big 

reversal.  hadik had the 3rd as the low, from what i receive from him. has he changed his view? i dont know. but, my view is we are pressing this and i

am going to adhere to ganns 7-10 day rule.  i am on the prowl , but not in a hurry if price doesnt come to me  i will wait till the 15th . if it does, then i ride.  all of what we thought would happen is happening.  i want to see money velocity turn up out of this deflation down trend its been in.  the qe that the banksters somehow received , they have not lent it out. they have parked the money at the fed. w/rising rates, they will be profit motivated to lend out the qe moneyball , and place it in the fractional reserve banking system.  folks the more i look at this the more i see the parallels to the 70s . not only on the fractals but also in the actions of the fed etc. STAGFLATION. 

dharma

turkey is the eastern flank of nato. they have nato missiles there may be another coup going on there.  keep your eyes on oil for an early warning sign.   

i am bullish on the pms , but 12-15  are a memory so i dont want to get ahead of the market

[jabat]

Hardik new dates are march 8-9 for Gold/silver low.

[senorBS]

Hardik new dates are march 8-9 for Gold/silver low.

I believe this is only a "short term cycle low" for his work? Is that correct?

Senor

[senorBS]

the past 3 days both GDX and GDXJ have been holding at the area of
their .618 retracements of the Dec rally, that being 21.30 and 33.35

Senor

[dharma]

exk is an old fav, will revisit it at these prices. 

was taken behind the woodshed

dharma

[senorBS]

exk is an old fav, will revisit it at these prices. 
was taken behind the woodshed
dharma

one of the stocks like CDE and HL that have taken out their respective 2016 Dec lows and
could be ending wave C of big ABC corrections from last summers rally highs

Senor

[senorBS]

the past 3 days both GDX and GDXJ have been holding at the area of
their .618 retracements of the Dec rally, that being 21.30 and 33.35

Senor

muy interesting with these two ETF's closing basically right at their .618 Fibos!

Senor

[dougie]

 

the past 3 days both GDX and GDXJ have been holding at the area of
their .618 retracements of the Dec rally, that being 21.30 and 33.35

Senor

muy interesting with these two ETF's closing basically right at their .618 Fibos!

Senor

 

maybe we need one deeper fibo level for a very prounounced and scary wave 2