Jabat and Tim, thank you both. Fingers crossed.
wave 3??!!
Started by
dharma
, May 01 2017 09:40 AM
575 replies to this topic
#252
gannman
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Posted 29 May 2017 - 07:24 AM
just looking at fnv and rgld they both look to me like one more new high and then a pullback . would that be the end of the first wave up
here ? so i think the early part of the week we see a rally in gld and the stocks and then some kind of a top
we shouldnt pull back too much if a wave 3 really started on may 4 fwiw
feeling mellow with the yellow metal
#253
dharma
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Posted 29 May 2017 - 09:46 AM
hadik
Gold & Gold Stocks Confirm Early-May Cycle Low;
Gold Triggers Add'l Buy Signal on May 24th...
Surge to Decisive Upside Target Expected!
dharma
#254
Smithy
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Posted 29 May 2017 - 10:58 AM
Dharma, what about his mid June low?
#255
gannman
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Posted 30 May 2017 - 05:22 AM
just watching to see if the dollar can get any kind of bounce so far nothing
how will it respond to the jobs report on friday
feeling mellow with the yellow metal
#256
dharma
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Posted 30 May 2017 - 11:09 AM
agree gannman, seems to me gold will be under pressure until the #s are released on friday, then sat is the gst from india. i dont look for any help from the indian gmen. they have continually entered the market to spank gold. which should complete this corrective wave in the pms. we have had a fairly clear impulsive advance, which the market is correcting. the dollar remains in a weak stance,which should translate to higher pm prices
dharma
smithy hadik makes no mention of june in the update i received!
#257
Smithy
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Posted 30 May 2017 - 01:00 PM
Okay, then it's dropped off the radar. That's good.
#258
Smithy
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Posted 30 May 2017 - 11:32 PM
Dharma, I'm going to reverse myself and say that I am still holding out the possibility of a mid June low for gold. A lot will depend on whether the 1260 area holds over Tues night/ and into Weds close.
#260
dharma
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Posted 31 May 2017 - 10:21 AM
infrastructure of the gold market continues to be built out http://www.scmp.com/...ck-gold-trading
infrastructure build out is very important lbma and comex will not be the center of the gold universe
the seasonality of gold is also changing. this time of year , in past times was the summer doldrums m not now. here and now gold remains firm. there is also a new blockchain coming on the market called zen gold , which is backed by gold held on the shanghai exchange. there is demand so these will thrive
the complex is firm here. gdx in a pennant , continuation pattern. lots of news coming out soon. gold market looks poised here to take out the 11 resistance downtrend line. throw your seasonals out the window?!
https://www.bloomber...abolishing-cash
dharma
Edited by dharma, 31 May 2017 - 10:23 AM.
