911 replies to this topic

[senorBS]

I think your GOLD sale was the sacrifice needed to boost the market. Thanks!

Huh? GOLD (the miner stock) is down from where I sold it as are the miners in general a bit, not that I can't be a good contrary indicator at times

 

Senor

[hhh]

I'm watching the 5 minute chart of GDXJ, it twitched upward a tiny bit, LOL. It's given it back now. This is like water torture.

[dharma]

yesterday, in spite of the smash,not 1ton was removed from the gld holdings. the last hour saw volume come in. my guess is
short covered and new longs were established. we a appear to still be in correction mode frustrating the bulls and the beard. so far
i see nothing to derail my call for 1700 in october.sell in may and go away
dharma

[senorBS]

am doing a little nibbling in SLV as its .618 retrace of what I favor is a large 5-wave rally pattern is at 13.91 and that is also a daily chart gap fill, as always DYODD

 

Senor

[K Wave]

man what a crappy gold/silver/miner mkt, sold my GOLD (the stock) earlier and am now about 20% long, nothing clear at all here, best count I have remains silver and I still think it has good int term risk reward from this area, but not a time to be loaded at all, I have a traders mentality here

 

Senor

Getting pretty darn clear where the bull/bear line is on GOLD now....

 

IF/WHEN that battle zone at the 900 gets taken out...........

 

IF this is a final thrust down, could be days away......and if not, then bugs may have a lot more waiting to do....

 

But sentiment is pretty awful, so will not be surprised if we see a sudden reversal of the weakness soon....

 

Edited by K Wave, 15 April 2019 - 09:18 AM.

[senorBS]

another miner "consolidation"/asset move, Lundin mining buying an AUY copper/goldmine for a billion dollars, AUY getting hit for 5% on the news, I guess would shore up balance sheet but losing a profitable asset, however just highlights IMO buyout/asset sale activity which I view as part of the "bottoming process"

 

Senor
 

[senorBS]

am doing a little nibbling in SLV as its .618 retrace of what I favor is a large 5-wave rally pattern is at 13.91 and that is also a daily chart gap fill, as always DYODD

 

Senor

beautiful gap fill so far at 13.92 low (13.91 is .618 retrace as well), if I am right on the count todays low "might" have ended a corrective decline from 15.21 high (five up high IMO), I like the "potential" for a low in this area, we will see

 

Senor

Edited by senorBS, 15 April 2019 - 10:02 AM.

[dharma]

seems after 40+years of doing this ,ido the same dance over and over. this is the 4th time @this level, i believe the shorts have
to probe to see what stops exist below 1280. i am patiently waiting. we are in the seasonally weak time of year for gold. and according
to ted butler, jpm in all these years has not had a losing position in silver,not one
trading is like (what i am told being a pilot is like)90%of the time its boring 10% is harrowing). the set up is there we rallied 200
so far corrected 70
dharma
the incumbent has to have the economy looking good for the next election. they will spend a fortune to do so. w/venezuela and libya in
turmoil oil prices have been edging higher. higher oil prices = inflation.keep an eye on oil. @some point higher prices become a game
changer

Edited by dharma, 15 April 2019 - 10:04 AM.

[senorBS]

 

am doing a little nibbling in SLV as its .618 retrace of what I favor is a large 5-wave rally pattern is at 13.91 and that is also a daily chart gap fill, as always DYODD

 

Senor

beautiful gap fill so far at 13.92 low (13.91 is .618 retrace as well), if I am right on the count todays low "might" have ended a corrective decline from 15.21 high (five up high IMO), I like the "potential" for a low in this area, we will see

 

Senor

 

not too shabby a reversal so far from an absolutely perfect level in SLV, maybe its just a temporary low or maybe a lot more but IMO this is about as good an Elliott wave set up as we have seen in a while (too bad its only SLV!), WAY too early to tell but a nice initial "baby step", possible failure in gold? who knows, no assumptions at all, do have some nice 1-12 hr oversold divergences ) in 12 hr against early Mar AND April lows) in SLV/silver into that low, keep an any eye on DXY as well - IMO it has a decent shot to start seriously breaking down, we see, interesting juncture

 

BSing away

 

Senor

[dharma]

am doing a little nibbling in SLV as its .618 retrace of what I favor is a large 5-wave rally pattern is at 13.91 and that is also a daily chart gap fill, as always DYODD
 
Senor

beautiful gap fill so far at 13.92 low (13.91 is .618 retrace as well), if I am right on the count todays low "might" have ended a corrective decline from 15.21 high (five up high IMO), I like the "potential" for a low in this area, we will see
 
Senor

not too shabby a reversal so far from an absolutely perfect level in SLV, maybe its just a temporary low or maybe a lot more but IMO this is about as good an Elliott wave set up as we have seen in a while (too bad its only SLV!), WAY too early to tell but a nice initial "baby step", possible failure in gold? who knows, no assumptions at all, do have some nice 1-12 hr oversold divergences ) in 12 hr against early Mar AND April lows) in SLV/silver into that low, keep an any eye on DXY as well - IMO it has a decent shot to start seriously breaking down, we see, interesting juncture
 
BSing away
 
Senor

gdx has reversed as have other miner indexes,could be looking at the turn here. are the bears out of bullets?
the day of the big drop last week ,no gold was removed from gld tonnage. that is a huge tell
dharma
dharma