475 replies to this topic

[gannman]

And Hadid is looking for an intermediate bottom in early August I will throw down with him

[gannman]

and the odds are very high imo that wave 3 has not started yet. we will know it when it does

[senorBS]

And Hadid is looking for an intermediate bottom in early August I will throw down with him

well IMO gold and silver have clear daily and hourly 5-wave advances from the July 10 lows so I will be adding on a decline into support

 

Senor

[Smithy]

Hmmm....

 

Edited by Smithy, 24 July 2017 - 03:31 PM.

[Smithy]

Sorry, my chart got hijacked.

[dougie]

I want Harry dent bearish ha ha please Harry don't change your mind now brother

Maybe so but Jim rogers?

[senorBS]

NEM en fuego and LEADING and I like that we are easily making new rally highs since the early July low, surprise strength in the miners, DSI in gold yesterday a paltry 32% bulls as the wall of worry remains very high and we have IMO a lot of ammo for a big rally ahead. 

 

Senor

[dharma]

by his own admission jim rogers is a poor market timer. "throughout history people reversed to gold and silver when things go wrong and they will again"-j rogers

turkey again bought 45 tonnes of gold in june after buying 45 tonnes in may.   they could be a significant 3rd player in the gold market w/sharia buying. imo this is a correction to a 5 wave advance. the fed meets next wednesday  which should keep a lid on the market till then.   the rally has been fairly stealth.  as in november78 taking out the low of sept 78 caused most bugs to throw in the towel. here in 17 the july low taking out the may low has had a similar effect. yet the commercials have taken the opposite side of that bet. we are seasonally still in the summer doldrums for gold .  

this is another of the many reasons i will not buy miners w/african interests https://www.bloomber...enturies-to-pay  how are they supposed to pay that. ????

dharma

[senorBS]

Dr Copper is speaking and that has helped miners like NEM (FCX up big as well) and the Aussie group which was up 2.5% overnight. I think all the GDX-HUI/XAU/GOLD ratios are likely bottoming at least int. term and while gold and silver correct their 5-wave rallies the miners will finally start showing good relative strength, we will see

 

Senor

Edited by senorBS, 25 July 2017 - 10:47 AM.

[jabat]

Copper monthly break out