575 replies to this topic

[senorBS]

I agree c down here next is good possibility but don't think that is worst case

GDXJ took out its possible wave "a" low and could drop to 31.80-32 in potential wave "c". Looking for GDX to take out 22.55 in a possible "c" wave, I'll likely do some light buying if we get some further downside, as always DYODD

 

Senor

Edited by senorBS, 23 May 2017 - 11:11 AM.

[dougie]

Ema 34 on 2 hr chart has been working good both up and down for gdx

[dharma]

always does 34 ema is powerful magnet

1245 is the support below the market. dont know if we get there or not. but that is the magnet below. 

all background noise. trend will reassert itself in time for fed to speak.  3 weeks 

dharma 

[senorBS]

I could not resist and did a little buying as GDX got very close to 22.55

 

BSing away

 

Senor

[senorBS]

More stuff, GLD has got a really interesting daily chart, looks to me like 5 up from May 9 low to yesterdays high which saw a nice close above both 50 and 200 day converging MA's, could today be a quick wave ii pullback to test those MA's from above and then up we go. That would sure seem to surprise a lot of folks and it is IMO a very valid wave count. This is really becoming a critical juncture here

 

BSing away

 

Senor

[dharma]

hourlies oversold gld/gdx/gdxj 

slipping on my buying hat, BUT waiting for hourly divergences to step in

dharma

i dont bat 1000 w/this technique , but it is a very high % it seems most folks get into this sector 

and get caught up in the emotions. and buy when its in gear, there will be a time for that in a 

couple of years.

[dharma]

for those who are interested or who own pvg , here is bob quartermaine 

one of the highest grade mines in the world

just started producing.

dharma

[goldfungus]

for those who are interested or who own pvg , here is bob quartermaine 

one of the highest grade mines in the world

just started producing.

dharma

Thanks. It's my largest junior position.

[Smithy]

Tuesday evening; SGDJ is an identical twin of GDXJ.

 

[senorBS]

Tuesday evening; SGDJ is an identical twin of GDXJ.

 

sure looks to me like a nice 5 up off the early May low, we'll see

 

Senor