1565 replies to this topic

[gannman]

i have been tracking rgld on the charts imo when then guy starts showing some strength the 

 

selloff will be over.  

[Smithy]

dharma, what does the coming Jupiter retrograde March 8th mean for gold?

[gannman]

and if you put rgld on a 5 minute chart there is just not that much downside left imo

[dharma]

the indicator for gold is jupiter. , i am thinking jupiter going retrograde will be a shift in golds trend, which at present is down. when jupiter shifts direction so will gold

dhrma

[Smithy]

Thanks...

[Smithy]

Senor,  whaddyathink?

[senorBS]

Senor,  whaddyathink?

Well THE HUGE Q of the mornin is whether the marginal new lows in gold and silver below the Feb 18(possible wave "a")  lows is ending/has ended wave c of an abc correction of the possible 5 up Dec/Jan rally? obviously a huge day as to whether we may bottom and turn higher or we have lower to go, decent little bounce "so far"

 

Senor

[senorBS]

did some light selective buying, as always DYODD

 

Senor

[Smithy]

Thanks for your views Senor, it does seem we're close.

[dharma]

i have 1309,1293,1277  as support , obviously 1309 broken this am. so far gdx/gdxj holding previous lows.  my window starts tomorrow. as senor has brought out some issues behind the woodshed others bottoming =divergent market.  i dont see signs of a bottom yet.  we are early in the process  being patient. let this thing play out. of course there are issues that are oversold and diverging. so its a stock by stock case.  i suspect the dollars bounce has more to go.   so far the action is favorable in that miners are not panicking while gold probes new lows.   C has more time.  imo . 

of course any buying here if and when the bull returns will show appreciation 

dharma

i personally am waiting.  but i could change my mind in a flash. if the market shows me otherwise. 

 

1. "At $1,300 gold, the mining companies, the operators, are doing well, you can see the balance sheets are better than ever....But if you look at the investors, they don't want to hear about it." - Pierre Lassonde, arguably the world's top gold mining stock investor, Feb 28, 2018.   

Edited by dharma, 01 March 2018 - 10:37 AM.