1565 replies to this topic

[Smithy]

Silver attempting 7 year  break out - Kimble Charting Solutions

 

https://kimblecharti...yo-silver-time/

 

Edited by Smithy, 24 January 2018 - 11:37 AM.

[dharma]

ray dalio , thinks that rising rates at some point will spell trouble for stocks

gross thinks bonds have topped and rates are going higher

bonds have a h&s top pattern w. the rt shoulder just completed, now they have to break the neckline

 

18 is starting out w/excitement. gold has the india call in day high at 1370 , it was the night of the trump election, gold started to run higher when it looked like a trump victory, then modi called in the large 50 and 100rps notes, gold tanked stocks took off. 

i believe we have started a more exciting move  here. back to 78 errrr 18   above 25.5 in gdx and we have a breakout same w/1370 for gold.  i smelled a bankster smash yesterday in pvg , similar one today in novo.   been deliberating all morning.  right here right now the sector looks terrific.   it seems the obvious choice is to let the dollar go. cheaper dollars make the mountain of debt more manageable.  it is the easy way. and the course they seem to have embarked on . of course there will be big rallies in the dollar  .  this is the right time to be a gold investor.   bull markets last a long time , so do bear markets . 

dharma

 

nice chart smithy hi ho silver

Edited by dharma, 24 January 2018 - 11:51 AM.

[dougie]

Seeing some neg divergences crop up in gdx

[dharma]

Seeing some neg divergences crop up in gdx

yes, i too. however this is characteristic of bulls , they do that and then folks sell some, only to pay up later.   i am waiting to add though

dharma

[dougie]

Pull up a Gdx weekly... where is the volume?

[tradesurfer]

Pull up a Gdx weekly... where is the volume?

 

 

isnt the most important  that we have broken al the majordowntrend   lines ?

[dougie]

surely helps, but wave threes need VOLUME

[Russ]

3 of 3 underay? I like the chances. Also didn't I read somewhere that Hadik exited? could have been a final "shake the tree" before wave three event

 

NO BS

 

Senor

I saw a post by Hadik that he had recommended taking partial profits mid Jan. ..... here is what he wrote recently on his free email promo, looking for early Feb gold high....  

 

Gold & Silver Pull Back to Support;

Silver Triggering Daily Trend Signal.
New Surge into early-Feb. Expected.

 

01/10/18 Weekly Re-Lay Alert:

“Gold & Silver have surged and twice neutralized their respective weekly downtrends, after bottoming in the first half of Dec. and fulfilling multiple (yearly, monthly & weekly) cycle lows.

It would take weekly closes above 1327.3/GCG & 17.325/SIH to reverse the weekly trends to up.  Regardless of what occurs in the coming days, the overall outlook remains for an advance into Feb. 2018.

Gold powerfully validated that outlook by producing an outside-month 2 Close Reversal higher in December, as Silver completed a corresponding monthly 2 Close Reversal higher.  Those signals project an ensuing 1 – 3 months of additional upside that should help support Gold prices into February.

Gold has the next phase of an ongoing 18 – 21 week cycle – that could produce a multi-week peak – coming into play between mid-Jan. & early-Feb.  A rally into early-Feb. – the final week of that cycle – would also complete a 29-week low-low-(high) Cycle Progression & a 14-week drop/7-week advance (50%) sequence, as well.

On an intermediate basis, Silver could also still set an important high in Feb. 2018.  Since its bottom in Dec. ’15, Silver has had 5 significant advances – each lasting ~2 months (Dec. ’15 – Feb. ’16, Mar. – May ’16, May – Jly. ’16, Dec. ’16 – Feb. ’17 & Jly. – Sept. ’17).  A similar, ~2-month advance would take Silver higher into Feb. ’18 – when other monthly cycles converge.

A peak in Feb. 2018 would also complete successive ~7-month advances (Dec. ’15 – July ’16 & July ’17 – Feb. ’18) AND a ~9.5 month high (July ’16) – high (mid-April ’17) – high (Feb. 2018) Cycle Progression.  A .618 rebound in time (12 months down/7 months up) would also peak in Feb. ’18.

[It is also intriguing that Palladium has multi-year cycles projecting a peak for 1Q 2018 – most likely in Feb. 2018.  Copper has cycles peaking in Feb. 2018.]

Based on wave comparisons & its recurring 2.50 point range, Silver could make it back up to ~18.50/SI.

In the short-term, Gold & Silver attacked 2 – 3 month resistance (1315 – 1322.0/GCG & 17.45 – 17.60/ SIH) as they completed initial surges into early-Jan.  That was expected to spur a reactive pullback, which is taking place.

Gold tested weekly support, its weekly 2nd Close Support and its weekly 21 High MARC support – all grouped at 1309.3 – 1311.5/GCG – and is attempting to hold that near-term support.

Meanwhile, Silver has spiked to new intra-month lows while twice neutralizing its daily uptrend (but not turning its intra-month trend down).  Silver would need [reserved for subscribers].

The XAU has corrected after reversing its weekly trend up…Multiple monthly targets, extreme targets & key resistance projections group at 92.87 – 93.06/XAU in January and could be tested before month-end.

Intermediate (2 – 4 week & 1 – 3 month) traders could have entered Gold stocks or related instruments before mid-Dec. and can now [reserved for subscribers].”  TRADING INVOLVES SUBSTANTIAL RISK!…

Gold, Silver & the XAU have provided the expected pullbacks with all three reaching key levels that portend a new rally in the coming weeks.  This reinforces the overall outlook for a dramatic rally from the Dec. 11/12 buy signal into Feb. 2018.

[dougie]

[Russ]

bigger picture is pointing to 2019 (date mentioned by Hadik) for a big GDX high but gold charts are pointing further out into 2020 to 2022.