Edited by senorBS, 12 April 2017 - 07:14 PM.
More wave 3 confirmation and outlook/perspective
#1
Posted 12 April 2017 - 07:06 PM
#2
Posted 12 April 2017 - 07:39 PM
now we need to watch for daily RSI to reach or even exceed that Feb 2016 peak - we have a ways to go but one important step has been taken
Senor
#3
Posted 12 April 2017 - 07:48 PM
Thank you Senor for sharing.
Your comprehensive analysis is always very much appreciated.
Best to you.
johngeorge
#4
Posted 13 April 2017 - 06:44 AM
The trend-line between last summer's high and this February's high on the monthly chart on HUI is being punched through now, so looks like the third wave is beginning, this has the potential to be a huge rally, Gannman is looking at HUI 470 and as I showed on his post the same oscillator that showed the low last Dec. from the summer high is now pointing at late 2018 as being a huge peak in the HUI.
Edited by Russ, 13 April 2017 - 06:47 AM.
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#5
Posted 13 April 2017 - 09:52 AM
i have been saying and hinting that things are changing in the gold market. well that is now becoming more and more apparent. by the feds own admission inflation is rising,, ie the fed is also raising its interest rates, BUT they are behind the curve. folks we are back to the 70s . we are entering a stagflation environment, which will gain momo. the fed is trapped bedded down in hotel california. they will be forced after raising rates to lower them as the economy weakens. anyway that is down the road. but essentially none of them know what they are doing. thus the financial mess.
so, now there is more talk of a wave 3 the center of an elliot wave impulse. for commodities wave 5 is the largest wave. which will be the case for gold. if the bear market of 11-15 is still uppermost in your thinking, expect to chase .
you will be running w/the crowd, it will be comfortable.
dharma
#6
Posted 13 April 2017 - 10:26 AM
right on Dharma, the "funnymetals" appear to be in sync and "be there"
Senor
#7
Posted 13 April 2017 - 10:45 AM
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#8
Posted 15 April 2017 - 10:01 AM
Silver IMO looks really good and ready to head substantially higher in iii of 3 or a larger degree 3 or C, really hard to come up with a reasonable bearish count at this time IMO, a strong and sustained push above 18.60 would be a good sign and suggest a rapid move toward 19.50-20 is underway, as always anything can happen and stops are necessary
Senor
#9
Posted 15 April 2017 - 11:48 AM
Senor, I find it odd that the HUI is showing weakness relative to gold on the daily chart over the last 2 months.
#10
Posted 15 April 2017 - 12:16 PM
And, as you probably know, the Silver COT commercials net short position from last week was an all time record at -112,346 contracts.
Usually the Commercials get it right, but perhaps they wake up one morning soon and discover that this time they are the Patsies.
They have a lot of contracts to buy back, thereby powering your silver price projection.