634 replies to this topic

[dharma]

1309 is the # for my work , a close above and we are on our. way.  gold continues to remain firm. note the gold bears mostly point to the cots., well occasionally the banksters get over run! granted not often   i am in the camp , that says gold is getting ready for a move. and it could begin very soon. the dollar  looks like its getting ready for a swan dive. listening to yellen recently , it sounded to me like she admitted she doesnt know what she is doing.  a key for me is the dollar(risk on)/yen(risk off) which has made a h&s top pattern, now the present action could morph into another rt shoulder.  but if the pattern is true , it will push institutions into gold. 

dharma 

[Smithy]

Gold and interest rates

 

[Smithy]

As I sort through the entrails of the gold market (a form of divination called haruspicy) on this Saturday, it is evident an upmove is coming. But in terms of this past week, NEM, for example, closing on its lows of the day on Friday is not a good sign. Seems another minor drop is possible, perhaps from 1288 down to 1278. Below 1260 is a game changer. Above 1295ish would help the bull's cause enormously. With raging bull markets in SPX and bitcoin, the hot money has yet to find gold appealing.

[dougie]

https://cdn77.elliot...YAdpsaIjKPz.jpg

 

look like good counts to me. primary seems more likely

[senorBS]

Ho hum, looking bueno so far this mornin, looks like NEM and ABX could finally register decisive near term breakouts today, gold with move above 1297 invalidates potential bearish contracting tri count and let's see if it can surmount 1300 and 1306 I likee what I see so far and I like the chances gold could get above those resistance levels

 

BSing away

 

Senor

Edited by senorBS, 27 November 2017 - 09:16 AM.

[senorBS]

added some SILJ smaller silver stock ETF at 10.75 (liquidity not that great so used limit order), just slowly adding on weakness as this morning's selling attempt being rejected, as always DYODD

 

Senor

[dharma]

novo resources wowed everyone at the denver gold forum. the stock raced to 7.07 its in the 3.60s this am. i am starting to nibble. the stock looks like it finished a 5 wave advance. now it is correcting that. we are way oversold , if it heads lower i will add more, that is my plan, if not then i ride w/what i got. not investment advice

bob moriarity has touted this stock

dharma

[gannman]

aem nem fnv all looking good . 1 big up day and i am convinced that the bottom came in on the 20 th

[senorBS]

aem nem fnv all looking good . 1 big up day and i am convinced that the bottom came in on the 20 th

it continues today with AEM/NEM/ABX/FNV all up today, Nem and ABX looks like solid breakouts above near term resistance, interesting action

 

Senor

[Smithy]

Indices continue weak - XAU, HUI. The lack of breadth is disconcerting.