" The notion that gold prices might rise after Monday is dead in the water. $1210 here we come. "
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Not so fast! The 88.6% retrace level at spot 1237 held! Gold is rising, curr 1240
bottoming action for the start of a big rally
Started by
dharma
, Jul 10 2018 09:45 AM
631 replies to this topic
#62
K Wave
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Posted 17 July 2018 - 08:27 AM
And there go the December 2016 lows on both Gold & Silver.......
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#63
SemiBizz
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Posted 17 July 2018 - 08:28 AM
Yep it's fast alright...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#65
dharma
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Posted 17 July 2018 - 10:55 AM
unless taking out the december lows is a bear trap, this is not a good sign, yet on the day my miners are + on the day! go figure. right now there are daily momo divergences in gld, gdx, and gdxj
waiting and waiting. and the wait could be awhile this market may need to rebuild . we are seasonally in the time of year for a low. hadiks window 18-25
lets see what happens here
dharma
#66
SemiBizz
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Posted 17 July 2018 - 10:59 AM
Semi, take a bow.
My reward is the nice green number in my account...
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#67
K Wave
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Posted 17 July 2018 - 11:16 AM
unless taking out the december lows is a bear trap, this is not a good sign, yet on the day my miners are + on the day! go figure. right now there are daily momo divergences in gld, gdx, and gdxj
waiting and waiting. and the wait could be awhile this market may need to rebuild . we are seasonally in the time of year for a low. hadiks window 18-25
lets see what happens here
dharma
It looks pretty easy here for near term.
As long as GDX remains below 22, stay out.
Back above 22, start nibbling...
Back above 23, go long in a big way....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#68
Russ
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Posted 17 July 2018 - 11:18 AM
Huge volume on Nugt...
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#69
jabat
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Posted 17 July 2018 - 12:11 PM
just a few more days till Bananarama sings Venus....
#70
dharma
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Posted 17 July 2018 - 12:11 PM
russ saw that, roger also posted it earlier this am.
not sure of what to make of it. mistake? real? accumulation
every day , open interest increases about 2% suggesting that the large specs continue to pile on shorts.
watching and waiting
dharma
Edited by dharma, 17 July 2018 - 12:12 PM.
