678 replies to this topic

[hhh]

I see a 3-3-5 upward in GDXJ now about to end, presumably to be followed by a new down leg. 35.68 is the 61.8 retrace.

Edited by hhh, 12 July 2019 - 12:08 PM.

[hhh]

61.8 just got tagged. If you want to short, this is the place (maybe.)

[Smithy]

James Grant Op Ed today in WSJ

The Fed Could Use a Golden Rule

https://www.wsj.com/...ule-11562885485

[Smithy]

hhh I would be reluctant to short gold vehicles while the hourly AUD-USD is motoring north.

[hhh]

You have a point there. It wouldn't be a long trade, but the E-wave structure could hardly be more perfect.

[tradesurfer]

Quote from Treasury secretary Munchin:   " We are running out of money " !

 

lols you can't make this stuff up !

[hhh]

Maybe he meant personally because of his gold-digger wife?

[Smithy]

Twiggy is bullish on gold

Gold buying pressure

https://thepatientin...uying-pressure/

[tradesurfer]

I guess the 'earnings date' for gold is July 31st, the fed meeting rate cut date....

 

So as usual buy the rumor and then sell the news right on that date....

[Smithy]

Yeah. We're overdue for a pullback, I don't where that fits in timing wise. Short term I remain bullish.

Gosh, silver is leading gold. Am I dreaming?