I don't find the short candles argument very persuasive if I look at other instances in that chart where they were followed by significant price increases.
The unfolding upmove in gold
#151
Posted 23 March 2019 - 11:08 AM
#152
Posted 23 March 2019 - 12:37 PM
Sat 3/23 - the silver small spec % bulls is the highest since Sept 2011. This is bearish, but it can keep rising and get more bearish. I'd need to see other bearish signs before taking it too seriously.
#153
Posted 23 March 2019 - 12:43 PM
hhh, yeah, the gold wave count for gold looks bullish to me and that comes first. Too many people are looking for a C wave down to 1280. I'm in the camp that the 1300 area will hold;
#154
Posted 23 March 2019 - 01:09 PM
Smithy, I'm thinking the C wave of expanded flat 2 of 3 has completed Mar 7, and we're slowly starting 3 of 3 which will explode when it's recognized over 1350. Is that how you're seeing it?
#155
Posted 23 March 2019 - 04:44 PM
hhh, I have $1280 on 3/6 as a wave 4 low, and hopefully wave 5 is underway.
Major resistance at spot 1364. Above that, I expect gold to zoom.
#156
Posted 23 March 2019 - 05:19 PM
Prechter throwing an open house for this week - free EWI Pro Services.
https://my.elliottwa...open-house.aspx
#157
Posted 30 March 2019 - 01:15 PM
Twiggy's views...
#158
Posted 31 March 2019 - 11:56 AM
Today 31 March a quarterly review of my grab bag of gold and silver stocks compared with prices on 12/9/18.
Best performers AGI +41% then AG +28%, KL +30%,
Poor performers PAAS and HL, each down about 5%
Disappointment SILJ +12%
Average increase of all g&s stocks held +23%
Comments by others on their experiences are invited.
#159
Posted 31 March 2019 - 06:14 PM
Buy the first drop in Fed Funds rate ...
#160
Posted 01 April 2019 - 10:03 PM
This is a chart of inflation protected bonds (TIP) divided by the 7-10 yr T Bond ETF IEF. The difference between the two products is that the first contains an allowance for inflation, so this is a chart of inflationary expectations. I like the clean 5 waves up from the 2016 low, perhaps an inflationary third wave is in the offing. We'll know pretty soon.
Also tagged with one or more of these keywords: gold, charting, techincal analysis, gold bull market
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