1565 replies to this topic

[senorBS]

GSR peaked highest point in 2 yrs midnight Monday. Has it turned?

I've added to longs this morning early. Tight stops.

closed off the high yesterday and down to new short term lows this morning as silver rallies to 16.60, nice silver action so far, lets see if miners can get some traction this morning

 

Senor

[Smithy]

HUI/gold ratio has retraced 66%. I've got nothing on cycles or time for a low around this time.

[dharma]

i do marach 2-5 astro cycles . for a turn.  since the lows the gdx has retraced 50% i am looking for a w bottom. w/ some issues pressing their lows now.  while gold is off its 1307 lows. the chinese new years holiday ends tonight , w/them back at work. fresh new shorting by the commercials yesterday in the miners. and selling of gold

the fundamental backdrop gets better for gold by the day.  here is jpm https://www.bloomberg.com/news/articles/2018-02-21/inflation-s-come-and-that-s-good-for-commodities-jpmorgan-says  can you say stagflation, they did.  and so did deutsche bank https://www.bloomberg.com/news/articles/2018-02-20/inflation-looks-poised-to-bounce-back-big-time-eco-research-wrap 

chinese gold buying has reboundedhttps://asia.nikkei.com/Business/Consumers/E-commerce-fuels-rebound-in-Chinese-gold-buying  and  this http://www.scmp.com/tech/apps-gaming/article/2134011/china-pulls-further-ahead-us-mobile-payments-record-us128-trillion

they are trying to create a gold trading corridor http://www.scmp.com/...rading-corridor

the future for gold looks bright

dharma

 

senor  here is jeff on soybeans etc http://www.ganngloba...cce3cbe94a8c897

 

jim rogers on commodities 

Edited by dharma, 21 February 2018 - 10:58 AM.

[senorBS]

continue to like what I see

 

Senor

[dougie]

Senor what would prompt you to add here?

Personally I need Volume to come in

[dougie]

So far all we have is a gap fill

[stubaby]

So far all we have is a gap fill

Good eye Dougie

[dougie]

Ugly

Edited by dougie, 21 February 2018 - 04:58 PM.

[senorBS]

Senor what would prompt you to add here?

Personally I need Volume to come in

not what I saw today given the close! IMO we are oversold "enough" for a good low here, however it would take a near term 5 up for me to add at this time. I think we are at a juncture where we either accelerate down sharply the next few days or make a possible very good higher secondary low in gold and silver and many miners as well. My current thinking is if they can't take it down significantly overnight/tomorrow mornin after the late downside reversal, then the bulls have a good chance to make a move. we see

 

Senor

[gannman]

i have a turn that comes in exactly late tuesday in gdx. we will see what it yields if anything