405 replies to this topic

[johngeorge]

dharma

 

"under the weather"

 

Lots of upper respiratory infection going on around my neck of the woods.  Get well soon.    And a big thank you for the thread!

[goldfungus]

I am looking at individual miner charts as well as there have been some excellent ones to follow like the CDE and HL ones I posted about 1-2 weeks ago. Now I have another interesting one in a stock that has been crushed the past 6 weeks or so - KLDX:

 

with the continued decline it now appears KLDX is tracing out a huge ABC decline from the Sep 22, 2016 high at 6.03. At a minimum the C wave needs to go below the Dec. 20 wave A bottom at 3.91. The wave C decline would equal the wave A decline at 3.79, there is also an unfilled gap from last June at 3.65-3.75 that might be filled - so I'd be looking closely at 3.65-3.79 as a potential big picture downside completion target area

 

GG is another stock to watch closely as a large ABC down from Dec - Feb rally could be in latter stages, 14.18 is the .618 retrace and 14.46 is the Wave A low, so looking for wave C to get below 14.48 (14.86 last) and possibly reach that 14.18 target area, we see

 

BSing away

 

Senor

Gracias Senor. Take a look at PVG, if you don't already own it. Could be a monster.

[gannman]

fwiw i am very bullish here think we are going to get a massive break to the upside not sure on the timing but it is coming imo

[dharma]

hmmmmm what constitutes a buy signal on a profound basis.???the fed is behind the curve, that is a profound   basis!  it gives inflation room to grow.

so, i read on these threads , that gold corrects into early may! no problem i can see that possibility. but, it is not the law it doesnt have to happen like that. what i see and its by their own admission the fed is behind the curve,  they want "a little inflation" the sector charts looks strong to me.  

i see very strong buying from abroad, india is back in the market in a big way. gold is pressing its highs for 17 .  i havent seen a buy from martin in 16 or 17 maybe he will be right ????!?

dharma

w/you gannman. i like being long here. lots of skepticism. 

Edited by dharma, 29 March 2017 - 03:18 PM.

[senorBS]

hmmmmm what constitutes a buy signal on a profound basis.???the fed is behind the curve, that is a profound   basis!  it gives inflation room to grow.

so, i read on these threads , that gold corrects into early may! no problem i can see that possibility. but, it is not the law it doesnt have to happen like that. what i see and its by their own admission the fed is behind the curve,  they want "a little inflation" the sector charts looks strong to me.  

i see very strong buying from abroad, india is back in the market in a big way. gold is pressing its highs for 17 .  i havent seen a buy from martin in 16 or 17 maybe he will be right ????!?

dharma

w/you gannman. i like being long here. lots of skepticism. 

tend to agree Dharma, we might still get a quick final washout for a few days here or meander sideways and then go up. I remain 10% long and watching some key stocks like I said.

 

Senor

[senorBS]

although I just perused the DXY (dollar index) chart and here is what I saw:

 

recent big decline from late Dec 103.63 high looks like a possible ABC wave 4 correction possibly done at recent low (98.85) and off that look it looks like 5 up hourly, odds increasing dollar could do a fast 5th up here toward 104, perhaps that is another clue we could see a rapid washout down in gold and miners here, interesting next day or two IMO - keep a close eye on gold tonite

 

PureBS

 

Senor

Edited by senorBS, 29 March 2017 - 08:01 PM.

[dharma]

although I just perused the DXY (dollar index) chart and here is what I saw:

 

recent big decline from late Dec 103.63 high looks like a possible ABC wave 4 correction possibly done at recent low (98.85) and off that look it looks like 5 up hourly, odds increasing dollar could do a fast 5th up here toward 104, perhaps that is another clue we could see a rapid washout down in gold and miners here, interesting next day or two IMO - keep a close eye on gold tonite

 

PureBS

 

Senor

thanks for mentioning the buck which, i agree w/you looks like it finished a correction. sometimes , gold and the dollar go in the same direction.  i think the dollar could have a blow off.  all the markets are marching and responding to different circumstances, so we will see if old relationships hold ie dollar up gold down. 

dharma

[gannman]

and fwiw i have a fib turn in gdx due to come in late tuesday early wednesday of next week so that would fit in with you quick selloff senor

[dougie]

although I just perused the DXY (dollar index) chart and here is what I saw:

 

recent big decline from late Dec 103.63 high looks like a possible ABC wave 4 correction possibly done at recent low (98.85) and off that look it looks like 5 up hourly, odds increasing dollar could do a fast 5th up here toward 104, perhaps that is another clue we could see a rapid washout down in gold and miners here, interesting next day or two IMO - keep a close eye on gold tonite

 

PureBS

 

Senor

[dougie]

might that not be a ABC  wave 2of V?

Edited by dougie, 30 March 2017 - 02:10 AM.