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bottoming process continues


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#321 senorBS

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Posted 24 January 2019 - 12:35 PM

 

 

NO  matter what is going on in the broad market , the gold market remains firm  . which is a positive. not inspiring to place a big bet. 

i am intrigued by platinum. .  the sppp has price appreciation built into the price any ideas of a different vehicle?

miners outgained the metals yesterday , which is always a good sign

i am just sitting. cash in hand. lots of possible catalysts coming up. the indian budget is the one i find intriguing feb 1 

the fed on deck. i dont expect powell to make waves at this meeting

government  strike continues

dharma

are you all in cash amigo? do you have any longs or a core position? I am currently about 30% long, amazing that gold since its Jan 4 high near 1298.50 gold has traded in a $12 range, "so far" I consider that a very high level consolidation

 

Senor

 

agree on high llevel consolidation. i am long , long very long.  but i have  about  30%-40% cash. i sold gg. which i have had for quite some time. like more than a decade. i am of the mind we get resolution of this tr soon. we shall see

dharma

 

OK thx, sorta thought that was the case, havin ample cash here with core longs seem to me a good way to play it for now. 

 

Senor



#322 Smithy

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Posted 24 January 2019 - 01:32 PM

I think platinum has amazing upside (60 year cycle low) but cycles point down for it until April.



#323 dharma

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Posted 24 January 2019 - 03:08 PM

I think platinum has amazing upside (60 year cycle low) but cycles point down for it until April.

how are you/anybody going to play it. which symbol/

thanks 

dharma



#324 Smithy

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Posted 24 January 2019 - 04:37 PM

 

I think platinum has amazing upside (60 year cycle low) but cycles point down for it until April.

how are you/anybody going to play it. which symbol/

thanks 

dharma

 

I only know PLTM which shadows the plat price.

 

I used to track Stillwater, I think they were bought by SBGL. SBGL could be a good proposition, would call for some digging around first. $2.87 a share looks pretty depressed to me.



#325 K Wave

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Posted 25 January 2019 - 09:45 AM

Possible 3 white soldiers forming on GDX hourly chart after the gap down...

 

Was that the pullback low we just saw?

 

Now we see if bulls can reclaim 21....

 

Okie Dokie, so far so good....

 

Next few days could be very important to longer term pic....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#326 K Wave

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Posted 25 January 2019 - 10:20 AM

Fresh 2019 highs on GLD this AM....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#327 senorBS

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Posted 25 January 2019 - 10:28 AM

that gold count was right on and now lets see if we can get a daily and weekly close above 1300

 

Senor



#328 Russ

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Posted 25 January 2019 - 10:49 AM

Silver breaking out... 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"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/

#329 dharma

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Posted 25 January 2019 - 11:45 AM

not  a fan http://www.ganngloba...ab114022b1ec50d

platinum offers huge potential

will use sprotts sppp

need a close above 1300 to establish a new high and also take out the down trend off the 11 highs. 

lets see what the bulls have in the tank

increased my exposure on the close. almost 80% long in trading account

dharma


Edited by dharma, 25 January 2019 - 11:47 AM.


#330 johngeorge

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Posted 25 January 2019 - 12:00 PM

dharma

 

I bought a starter position in SPPP approximately 2weeks ago.  Took the idea from Bob Moriarty at 123Gold.  Looking to add on pullbacks.  I could not find another way to play it either.  Good luck to us. yes.gif


Peace
johngeorge