634 replies to this topic

[dharma]

this week could see the rinse cycle as china is on holidays all week. i think gold is well supported in this area, however w/china on holidays the bias will be towards the downside.   the banksters covered about 5% of their shorts which is what i expected. i dont see much downside from here(famous last words) gold is barely  oversold .  trumps proposed tax plan is interesting.   how will the government finance its operations?   we are rapidly approaching a cross roads.  where i believe gold will shine

dharma

[dougie]

adding miners on early weakness, now near 50% long, as always DYODD, IMO lots of individual issues acting nicely here
 
Senor

Buying weakness is axiomatic but few of us can do it like you

[jabat]

 

[Smithy]

Another freebie from GoldPredict

 

https://goldpredict.com/?p=9482

[dharma]

china on holiday all week . then this helps to account for the 90 correction so far in goldhttp://economictimes...ow/60917262.cms

modi has slapped jewelers w/a form to fill out on large purchases of jewelry, so buyers have stayed away or gone to the black market

i am quite bullish for a run, starting soon.  if you look at the longer term charts gold has built quite a base over the years.  to build a big building you need a big foundation.   we have that, the question is : is more base building needed.  w/the 70s fractal , the way i am looking at it, is the base building should be ending. very soon, and price appreciation  should be next. i am on the buy, but waiting towards the end of the week.  i suspect pressure later in the week. 

dharma

watched a video of catalan, make no mistake spain is still fascist

[dougie]

Base bldg it is...
And what a base
Kinda worried to think of the triggers

[Russ]

lower support found on hui trendline, breaking out now, also note that hui found support on the 200 ma after it did a golden crossover on the 50.

 

 

Edited by Russ, 03 October 2017 - 12:34 PM.

[jabat]

 

 

[Smithy]

Senor, in your opinion do you have spot gold $1123 (on 12/15/16) to 1264 (on 2/27/17) as a completed wave?

TIA...

[senorBS]

gotta say I like the miner action given the new low in SLV and double bottom action GLD, bueno stuff IMO, and yes I added (NEM at 37.92)

 

Senor