634 replies to this topic

[dharma]

just received this  from hadik

Gold Stocks (XAU) Fulfilling Bearish Outlook;

Projected Drop into Nov. ‘17 Culminating…

Weekly Re-Lay Details Specific Days & Specific Price Target for Low

 

dharma

[dougie]

Hadik is good


Good at making sure he has all bases covered

[senorBS]

 

just received this  from hadik

Gold Stocks (XAU) Fulfilling Bearish Outlook;

Projected Drop into Nov. ‘17 Culminating…

Weekly Re-Lay Details Specific Days & Specific Price Target for Low

 

dharma

 

I think he may have it right here. ABX today double bottomed at 13.80(Dec 2016 low - wave A likely IMO) and possibly is ending a huge correction of the entire 1st half 2016 bull run 5 up from 7.5 area to above 22. I see some stocks that have been weak (CDE another) now at area where key low COULD be registered, a very interesting juncture - especially with that near term bearish contracting we had and the new decline lows, and now lets see if the short term reversal "sticks"

 

Senor

Edited by senorBS, 03 November 2017 - 12:10 PM.

[senorBS]

CRB update time, it has been following the bullish script for being in a large 3rd wave rally as it's just been moving solidly higher almost every day and is now near 189, I continue to expect a large leg above 200 is underway

 

Senor

[senorBS]

here's a link to a bitcoin chart showing the unfolding vertical leg of what I believe is a parabolic blowoff 5th wave, we see

 

https://www.worldcoi...om/coin/bitcoin  just hit the daily button when you get there

 

Senor

Edited by senorBS, 03 November 2017 - 01:12 PM.

[dharma]

senor, was looking at a chart of abx this am, its in strong support  make or break kind of thing

it looks to me like the sector is very very close here   we have to see if this area holds and a bottom is in place

otherwise gold could be staring at lower #s  

dharma

[senorBS]

senor, was looking at a chart of abx this am, its in strong support  make or break kind of thing

it looks to me like the sector is very very close here   we have to see if this area holds and a bottom is in place

otherwise gold could be staring at lower #s  

dharma

I could see it grind lower into another Dec/Jan low but I don't see the set up for a big plunge, just my take

 

Senor

[senorBS]

decent close with GDX at 22.44, down a paltry 14 cents, nothing at all concrete but I like my scenario for a possible completed thrust below 22.30 and at least a good near term low. Nice closes in GG and AEM in positive territiry

 

Senor

Edited by senorBS, 03 November 2017 - 03:04 PM.

[Smithy]

GoldPredict freebie

 

https://goldpredict.com/?p=9802

[dharma]

the cots  are still showing the commercials very short http://news.goldseek.com/COT/1509737577.php  i have been detecting naked shorting of the miners, so the next shoe to drop is the metal, in retrospect this will all be seen as part of the basing pattern. it seems to me gold is slowly walking the plank

dharma