Got nothing to do with miners, it's all about the dollar, and looks like an inv. h&s setting up.
Posted 07 August 2018 - 10:35 PM
Got nothing to do with miners, it's all about the dollar, and looks like an inv. h&s setting up.
Posted 07 August 2018 - 11:55 PM
Posted 08 August 2018 - 02:04 PM
captain e wave gold http://www.321gold.c...080818/gold.png
weekly gold -http://www.321gold.c...wave080818.html
silver
http://www.321gold.c...0818/silver.png
weekly
http://www.321gold.c...lver_weekly.png
dharma
Posted 08 August 2018 - 05:38 PM
captain e wave gold http://www.321gold.c...080818/gold.png
weekly gold -http://www.321gold.c...wave080818.html
silver
http://www.321gold.c...0818/silver.png
weekly
http://www.321gold.c...lver_weekly.png
dharma
Dharma, hourly charts still allow for a contracting tri as long as this current bounce stays below 1216.17 spot, this could now be wave E, then a spike below 1204/1205 decline low. Conversely a rally above 1216.17 and especially 1220.05 invalidate this potential bearish pattern. we'll see
Senor
Posted 09 August 2018 - 09:26 AM
HL and Paas with good earnings and both up big, nice tone in miners today, is it finally over? Obviously way too early but at least a solid start. Some stuff takes out Dec 2016 lows and some does not, "might" be how it ends. All ingredients in place, now lets see if this is just a one-day wonder or somethin is perhaps brewin
Senor
Posted 09 August 2018 - 09:44 AM
HL and Paas with good earnings and both up big, nice tone in miners today, is it finally over? Obviously way too early but at least a solid start. Some stuff takes out Dec 2016 lows and some does not, "might" be how it ends. All ingredients in place, now lets see if this is just a one-day wonder or somethin is perhaps brewin
Senor
i remember in january of 17 the gdx made a new low , creating a bear trap while gold did not . we could have the same set up here. we just need to rally.
waiting. better than shooting myself in the foot
dharma
Posted 10 August 2018 - 09:22 AM
GLD at new highs for the week and I wonder if spot gold "might" have seen a 5 of C failure at 1205.78 overnight? Given the new dollar highs a pretty decent day for gold "so far"
Senor
Posted 10 August 2018 - 11:03 AM
Yes, SILJ doing well. Can't understand why, lol.
Posted 10 August 2018 - 11:45 AM
Temporary flight to safety from overseas news, when they wake up to the fact that the dollar has decisively broken above 96
then 1200 should be soon, already in the red for the day.
Posted 10 August 2018 - 02:24 PM
there's your slight divergence in the juniors dougie...