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Posted 11 May 2018 - 04:38 PM
K wave, any particular reason why you favor USD/CHF over AUD/USD? Just curious.
Just noticed over last few days that Swissy seems to be controlling the air hose clamp on the metals pretty accurately, more so than the others for some reason, at this juncture in time.
Edited by K Wave, 11 May 2018 - 04:38 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
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Posted 11 May 2018 - 09:24 PM
Kyle Bass (5 minute interview)
Inflation arrives this year
2nd interview (4 minutes)
Dealing with China
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Posted 11 May 2018 - 11:36 PM
looking at the dollar the rally is not over yet i think we rally up to about 95 on the dollar and then
we are set for a wave 3 down that could take us to the 70 area just my take
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Posted 12 May 2018 - 11:46 AM
Cdelaney chart from other forum on Silver
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Posted 12 May 2018 - 12:48 PM
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Posted 12 May 2018 - 03:40 PM
Sat 5/12 - spot gold 1318
My gold COT trading system is still on a buy which I ignored last week because silver didn't confirm it.
Simply put, the gold commercials have a pretty small short position which is broadly associated with rises in gold.
Last Saturday I mentioned the expectation of ongoing "bullish consolidation". Fair to say that is what we saw with Friday closing $3 higher on the week. I also mentioned the possibility of gold dropping as far as the 1285 region (+/- $15). That is still open. A daily close above 1325 would do a lot to eliminate the chance of this drop and would shift the probabilities to the trend turning up.
Comments welcome.
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Posted 13 May 2018 - 08:23 AM
Sat 5/12 - spot gold 1318
My gold COT trading system is still on a buy which I ignored last week because silver didn't confirm it.
Simply put, the gold commercials have a pretty small short position which is broadly associated with rises in gold.
Last Saturday I mentioned the expectation of ongoing "bullish consolidation". Fair to say that is what we saw with Friday closing $3 higher on the week. I also mentioned the possibility of gold dropping as far as the 1285 region (+/- $15). That is still open. A daily close above 1325 would do a lot to eliminate the chance of this drop and would shift the probabilities to the trend turning up.
Comments welcome.
makes sense, I do favor the upside but nothing is definitive near term yet as the chart posted in silver so far is a 3 step rally which could turn into 5 up, but it has not yet. Like Dharma I thing think the near term is "noise" and the larger picture very bullish, but as you pointed out a drop below 1300 could occur. Miners have been outperforming for many weeks now which is usually bullish, GSR dropped below 80, DSI stuff is at a multi-month low and CRB made a new high and again closed easily above 200 breakout level - this is IMO all additional bullish evidence
Senor
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Posted 13 May 2018 - 01:03 PM
I bought a small position in JNUG Friday am @ $16.02. Not one of my better buys. I do intend to hold it as I think it has good upside potential the next few months. Will see. Chart courtesy of Stockcharts.com. Link: http://stockcharts.c...id=p69964413041
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Posted 14 May 2018 - 08:36 AM
GC held back test of min 900 very nicely...now we see about taking out 1322....if right shoulder at 1322 goes now, opens the door to much higher prices...
Back below 1318 now, and things get a bit iffy....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
