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emerging wave 3


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#1551 dharma

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Posted 06 July 2018 - 10:53 AM

too early to come to conclusions, but i like the action.  the sector looks constructive. awaiting markup

a friend sent me this from armstrongs private blog, i am not a fan of his https://scontent-dfw...582&oe=5BE1BA61

dharma



#1552 dougie

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Posted 06 July 2018 - 12:24 PM

Some mild negative divergence in GDX hourly
This still could be a complete abc

#1553 jabat

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Posted 06 July 2018 - 01:01 PM

According to Cdelanley- Gold needs to go to 1250 to 1247 for wave 2 bottom

QGCPrimaryAnalysisJul060856AM5min.png

 



#1554 gannman

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Posted 06 July 2018 - 01:50 PM

gdxj from july 2 it looks to me as though we are in a 5 wave move up

 

fwiw now if we can get gld to join the party we will see some good upside action


feeling mellow with the yellow metal


#1555 senorBS

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Posted 06 July 2018 - 01:54 PM

added some NEM into this pullback below 37.80. FWIW and DYODD. now about 65% long

 

Senor



#1556 dharma

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Posted 06 July 2018 - 03:14 PM

cots delayed till monday, apparently the day off threw the bean counters into confusion. which will be straightened out by monday  whew

while this last low has had all the parameters of a classic contrarian bottom. i believe there will be an event happening w/in the next 6 months

which gets the bull in big price markup mode.  there are so many possibilities i will not venture a guess which will be the catalyst.  if one goes back

to 01  , then 09 ,  they can vary as well. but w/all the money thrown at the markets since 09 something is not right.  for now all is papered over and the stock 

bulls rejoice . yet, something is not right.  why anyone , who has studied any history at all would move towards a trade war is beyond me . no one has ever won one

and in the end it lessens trade and costs the consumer more.  an event is coming into view. and it will change everything. 

dharma

eg https://www.clivemau...cle.php?id=4707

 

ps i have watch rifel over the years, he is a ceo who is for his share holders, and he is the biggest one.  


Edited by dharma, 06 July 2018 - 03:16 PM.


#1557 Smithy

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Posted 06 July 2018 - 09:29 PM

It appears that the global debt crisis is fairly well developed. Video of 2 Aussie economists discussing it regarding Australia, but the issue is worldwide. I think it is 36 minutes well spent to understand  the issues.

 

thepatientinvestor.com/index.php/2018/06/27/australias-debt-bomb/

 

Certainly supports a gold bull market.



#1558 gannman

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Posted 07 July 2018 - 07:22 PM

http://www.321gold.c.../hoye070618.pdf


feeling mellow with the yellow metal


#1559 Russ

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Posted 08 July 2018 - 05:48 PM

I wonder what a sequential 13 and 9 buy setups mean?


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#1560 dharma

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Posted 09 July 2018 - 10:26 AM

bottoming process continuing. imo very constructive action. the complex appears to be carving out a bottom. 

pvg announced https://www.pretivm....ed/default.aspx

i believe this strike is very similar to novo's strike. very uneven. pockets of very high grade. difficult to access the structure and thus how many ounces.  investors like things clear cut, not the case, so when looking at these 2 stocks buy only when they are behind the woodshed.  

east indians have a long history of being taken advantage of.  so when they accrue wealth , they buy gold. they dont trust banks so when i see this https://economictime...ow/64904997.cms

it gets me to think there will be good buying in the pm sector. 

dharma