631 replies to this topic

[dharma]

volcker https://www.nytimes....al-reserve.html

dharma

[Russ]

here's a good one with charts Dharma as posted by Geologist on tradingview gold forum... https://www.bloomber...charts-to-watch

[stubaby]

dharma:

 

My count has us in Wave 3 of C of 4 of C of 2 - could finish up C of 4 tomorrow and set the stage for the final Wave 5 of C down to complete 2, all IMHO.  Today's strength is what you would expect for a C Wave finish to a major countertrend Wave 4, FWIW

 

stu

 

Note: First complete 5 Wave-up off of yesterday morning's low could be only Wave 1 of C of 4  - which would give higher Wave 4 completion targets

Two weeks later can confirm now Wave 4 of C of 2 complete - in Wave 1 of Wave 5 of C of 2 down - my target is around 120 and sometime in December for $HUI bottom of Wave 5 of C and completion of Wave 2, FWIW

 

http://schrts.co/gihdgD

 

 

stu

Edited by stubaby, 25 October 2018 - 11:29 AM.

[dharma]

thanks stubaby  could very well be the right count. to invalidate that count we have to get above wave 1

todays beating du jour gg. yes its behind the woodshed

in this past decline it seemed gold was pegged to the yuan. which is now in a bullish wedge

i found this idea interesting. https://gracelandupd...ettingreal1.png

miners not leading

silver not leading.  unless one or both of these reverse  i would expect this uptrend /bounce to be short lived

king world news may bet the ranch here , for me the tea leaves say caution

dharma

apples chart w/volume below is a poster child for a big decline it went higher and higher on diminishing volume

[Russ]

Reminder... " Posted 21 September 2018 - 09:34 AM

except hadik:

09-19-18 - Precious metals’ cycles last converged in late-Jan./early-Feb. 2018 - when multi-month, multi-quarter and even multi-year cycles projected significant peaks in Gold, Silver, XAU, Copper, Platinum & Palladium.  Since then, they have often reversed at different times and swung in different rhythms.  However, they all agreed on one thing:

Multi-month, multi-quarter and even multi-year cycles would bottom in 3Q 2018.

dharma"

[dougie]

Wow stu nice work there!
So given we have a 10to 20 %drop in store are folks now flat or short??

[stubaby]

Wow stu nice work there!
So given we have a 10to 20 %drop in store are folks now flat or short??

Thanks, dougie

 

If you are short at this stage - you need to have your trader hat on and use stop-losses

 

https://www.youtube....h?v=Hz_ZLvIvYMc

 

Best strategy is to be in accumulation mode, slowly buying weakness and keeping some powder dry, IMHO

Edited by stubaby, 26 October 2018 - 07:19 AM.

[Russ]

Wow stu nice work there!
So given we have a 10to 20 %drop in store are folks now flat or short??

The monthly chart of gold does not look very bearish to me.... 

[senorBS]

thanks stubaby  could very well be the right count. to invalidate that count we have to get above wave 1

todays beating du jour gg. yes its behind the woodshed

in this past decline it seemed gold was pegged to the yuan. which is now in a bullish wedge

i found this idea interesting. https://gracelandupd...ettingreal1.png

miners not leading

silver not leading.  unless one or both of these reverse  i would expect this uptrend /bounce to be short lived

king world news may bet the ranch here , for me the tea leaves say caution

dharma

apples chart w/volume below is a poster child for a big decline it went higher and higher on diminishing volume

yesterday IMO was one of the most amazing potential washouts I have EVER seen, as I wrote in my thread above so many incredible things happening in a several HOUR period, so far given the extent of todays rally looks like it was a bear trap tp me, today is far from over so lets see how the dust settles

 

Senor

[dharma]

the majors were taken behind the woodshed yesterday, w/gg leading the way. i cannot get a bullish count on any of the miner indexes. gold on the hand , pushing to new highs for the move looks rather impulsive. in  a sector where traditionally the miners and or silver leads that is not the case here. so either gold is not telling the truth or the miners and silver are not telling the truth.  the truth should be revealed shortly.  so far this rally is smelling a different kind of dead cat bounce. but so far that is what it looks like.  miners valuations are really dirt cheap , the cheapest in my memory.  patiently buying here is the order of the day. and going all in here is  kamikaze like

w/the stock market being the economy. it is warning of some problems ahead . like maybe the democrats regain the house and senate  throwing the country into grid lock

personally i am for no politician i have yet to see one who is for my rights and freedoms

dharma