631 replies to this topic

[Smithy]

At 6 PM Sunday 8/19 EST I like the case for gold to rally here (opening 1184).

The hedgies have bet the farm with an all time record short position, could cause an entertaining short covering rally.

We could get a situation where the comms are net long next week for the first time ever as they eat them alive.

 

We'll see.

DYODD etc. Hang on to your fingers.

[Russ]

I'm seeing a big low for the dollar in summer 2020.... 

If the dollar breaks over the line, then count on gold lower than $400.

 

 

[stubaby]

Looks like we just finished Wave 3 of C (or sub-wave 3 of 3 of C), with one or more 4-5's to go to complete C (Note Wave 5 could very well extend in 5 Waves for a Wave C of 5-3-5-3-5)

 

http://schrts.co/gihdgD

[dharma]

Looks like we just finished Wave 3 of C (or sub-wave 3 of 3 of C), with one or more 4-5's to go to complete C (Note Wave 5 could very well extend in 5 Waves for a Wave C of 5-3-5-3-5)
 
http://schrts.co/gihdgD

that is my count as well keeping it simple . it is possible that we have bottomed, but in either case i am waiting for a 5 wave advance and then a 3 wave higher low to buy.
cots are bullish sentiment is bullish. but no signs of a bottom
here is hadik @the 57 min mark.
dharma

[Russ]

This chart is similar.... 

Looks like we just finished Wave 3 of C (or sub-wave 3 of 3 of C), with one or more 4-5's to go to complete C (Note Wave 5 could very well extend in 5 Waves for a Wave C of 5-3-5-3-5)

 

http://schrts.co/gihdgD

 

[Smithy]

dharma, got the link for Hadik?

[dharma]

dharma, got the link for Hadik?

hadik
https://www.howestre...k-in-money-144/
dharma

[dougie]

measured move from the breakdown targets 16 GDX...

yikes

[Smithy]

[dharma]

looking for this little bounce to end and then a lower low.
low key patient
dharma