sure looks like a solid 5 in on GDX hourly from 22nd lows
was that a C or something else.
my hunch is bulls just got led down the primrose path one more time but who knows?
bottoming process continues
Started by
dharma
, Nov 27 2018 04:01 PM
911 replies to this topic
#366
senorBS
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Posted 30 January 2019 - 06:10 PM
This on the other hand looks VERY CONSTRUCTIVE
IMO there is very little here that does not look constructive, I see little or very cautious bullishness, great environment IMO for a continuing and maybe even grinding rally for a while. I am 50% long and not looking to trade for now, we see
Senor
#367
goldfungus
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Posted 30 January 2019 - 07:29 PM
This on the other hand looks VERY CONSTRUCTIVE
IMO there is very little here that does not look constructive, I see little or very cautious bullishness, great environment IMO for a continuing and maybe even grinding rally for a while. I am 50% long and not looking to trade for now, we see
Senor
I'm at 60% and looking to add GDXJ. I'm loaded with individual juniors and explorers with a full position in GDX. "Baseball been berry, berry good to me."
#368
Russ
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Posted 30 January 2019 - 09:39 PM
GDM gold stock index (what NUGT is based on) is clearly breaking out, this should be the start of a rally going into late summer to autumn.
This on the other hand looks VERY CONSTRUCTIVE
IMO there is very little here that does not look constructive, I see little or very cautious bullishness, great environment IMO for a continuing and maybe even grinding rally for a while. I am 50% long and not looking to trade for now, we see
Senor
"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/
"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/
#369
AChartist
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Tim
Posted 30 January 2019 - 10:32 PM
A short term peak can be in two weeks in todays cycle look about same as last posted,
trump tweet may have hinted in capitalization about what happens when fed is gone, why does he keep talking about treasury
tarriff receipts, treasury the replacement of Fed?
apparently Venezuela gold collateral confiscated by treasury?
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#370
dharma
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Posted 31 January 2019 - 11:30 AM
the fed backed off . the dollar hit the skids. and goldman sachs http://www.mining.co...year-high-2019/
of gs has been known to say one thing, rape its clients and do another
gdx starting to take a seat at the party. we are extended here. bulls climb a wall of worry
i suspect it is not a clear picture until we break the previous highs in the 1380 area. and even then there will be caveats
market looking more and more bullish. w/the troops falling in line.
i like what i am seeing. we are overbought dsi =75%
bulls climb a wall of worry
indian budget out the 1st
dharma
