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The unfolding upmove in gold

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#341 Smithy

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Posted 12 September 2019 - 11:58 AM

60/50 chance that overnight was the B wave rally in silver (thank you Dharma) with lower prices to come.

Today/tomorrow should make or break that scenario.



#342 dougie

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Posted 12 September 2019 - 12:14 PM

or this could all be a b of A



#343 ryanoo

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Posted 12 September 2019 - 03:09 PM

gdx 60m looks like a 5w down by today's close.  stk indices have bearish candlesticks, shooting star?  



#344 senorBS

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Posted 12 September 2019 - 04:23 PM

was gone for the last hr, just added some GDX after hrs at 27.32, as always DYODD

 

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#345 Smithy

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Posted 13 September 2019 - 11:11 AM

Friday morning - spot silver 17.65

 

For GDX, if A = C then the target is 25.2.  Perhaps support at 26 will hold.



#346 Smithy

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Posted 15 September 2019 - 09:22 AM

Senor, my thinking is more like this.

 

9-13-19-Cn-H-target.jpg



#347 senorBS

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Posted 15 September 2019 - 12:40 PM

Friday morning - spot silver 17.65

 

For GDX, if A = C then the target is 25.2.  Perhaps support at 26 will hold.

My thinking is 38% retracement "areas" of large wave 3's (in most cases) are more likely to mark the bottom of this decline then "A=C" projections, bottom line is declines are corrective looking if the area of Fridays lows do mark a bottom - so wave C's in many cases could simple be truncated, my dos centavos FWIW

 

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#348 dougie

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Posted 15 September 2019 - 03:49 PM

the boys may well have run a few stops Friday...we will know soon enough



#349 AChartist

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Posted 17 September 2019 - 07:39 PM

I am staying long with high cycles peaking in 8-9 weeks problem is nasty 26 weeks cycle down and more down later,

 

is hope this 26 week can alternate or invert because it has hit every time an inversion could be due.

 

If it doesnt work right now btc has cycles coming online an appears to be started with an alt coin season.


"marxism-lennonism-communism always fails and never worked, because I know

some of them, and they don't work"  M.Jordan


#350 Smithy

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Posted 17 September 2019 - 08:28 PM

9-17-19-Fed-dates.jpg


Edited by Smithy, 17 September 2019 - 08:28 PM.






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