gld in a wave 3 down from april 11 i believe
#11
Posted 03 August 2018 - 08:41 AM
Accumulation of bullion and stocks now is going to pay off big over the next 5 to 10 years
#12
Posted 03 August 2018 - 08:46 AM
The worst selling is done imo rusd
#13
Posted 03 August 2018 - 08:46 AM
#14
Posted 03 August 2018 - 09:22 AM
#15
Posted 03 August 2018 - 09:33 AM
guys are leaning bullish
guys are bearish
guys see one more low=
typical bottoming action
- "August 2018 has finally arrived. And, right on schedule, the XAU is dropping sharply and has almost reached the downside target that has been in place since late-2016." -Gold market cycle expert Erik Hadik, Aug 2, 2018.
dharma
#16
Posted 03 August 2018 - 10:30 AM
guys are leaning bullish
guys are bearish
guys see one more low=
typical bottoming action
- "August 2018 has finally arrived. And, right on schedule, the XAU is dropping sharply and has almost reached the downside target that has been in place since late-2016." -Gold market cycle expert Erik Hadik, Aug 2, 2018.
dharma
if today's rally holds and closes at/near highs then I will like the chances a potential final low is in place, very few think that possible, I really like the fact that HUI yesterday eked out a new closing low below Dec 2016 - possibly ending a wave 2, same situation with SILJ registering a new low since the 2016 rally high. and da beat goes on. Nice to see Hadik's stuff mesh so nicely here. Gold also could be completing 5 year inverse H $ S bottom, we see
Senor
#17
Posted 07 August 2018 - 06:01 AM
A final drop for wave v to complete the wave 2 correction
#18
Posted 07 August 2018 - 03:24 PM
dont know if there is more downside to this wave, but i do think we bounce and soon and then head into a final low
so bottom line i agree w/you gannman a bounce then the final low finishing off wave 2
when the low comes there should not be much hesitation thereafter. =bull mode
dharma
#19
Posted 07 August 2018 - 06:21 PM
the near term charts of both gold and silver might be ending right here or tonight bearish contracting triangles which would suggest a thrust down to a new decline low and then an upside reversal as contracting triangles lead to ending declines (violent thrusts). We of course can't say it would be a final low but something is going to give here
senor
#20
Posted 07 August 2018 - 08:24 PM
the near term charts of both gold and silver might be ending right here or tonight bearish contracting triangles which would suggest a thrust down to a new decline low and then an upside reversal as contracting triangles lead to ending declines (violent thrusts). We of course can't say it would be a final low but something is going to give here
senor
The bigger triangle looks to be just starting it's breakdown for gdx etc., it really looks like this is going to crash doesn't it?
Edited by Russ, 07 August 2018 - 08:26 PM.
"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/