bottoming process continues
#661
Posted 16 April 2019 - 10:28 AM
here 1250 i cant say. buti think an upside acceleration takes place relatively soon
dharma
#662
Posted 16 April 2019 - 10:36 AM
i really see us entering into an upward acceleration phase starting in may/june this is the prelude to that. where ever we bottom .
here 1250 i cant say. buti think an upside acceleration takes place relatively soon
dharma
I agree dharma - bearish sentiment is finally building again - maybe need more of a washout in Gold - 1.230-1,250 is my ST target - could be a spike low and daily reversal - Silvers relative strength got my attention this morning - my interest level is finally increasing!
which way will she go?
#663
Posted 16 April 2019 - 12:24 PM
stop on gdxj hit
#664
Posted 16 April 2019 - 05:08 PM
we have a head and shoulders pattern in gdx not good. back to watching until
i can see some proof no more buying we need to rally strongly simple as that
#665
Posted 16 April 2019 - 05:34 PM
big Q this morning is whether this current break below 1280 is an ending pattern or we might head significantly lower, so far silver has not made a new low and silver has been weaker than gold up to this point, very key day today
Senor
like the SLV action so far as it has not made a new low,, did some miner buying with fairly tight stops, now 50% long, make or break here, as always DYODD
Senor
not a bad day especially in SLV which is where I am focused since it has what I believe is a much clearer bullish wave count. Took off my aggressive trade for a very small JNUG loss of 4 cents. 65% of my current 50% long position is in SLV and silver miners (SILJ included) which in general have been much more beat up them most other stuff. Continues to be a critical juncture
Senor
#666
Posted 17 April 2019 - 01:47 AM
how low can she go
#667
Posted 17 April 2019 - 07:52 AM
how low can she go
re "my girl silver" little downside left IMO, short term gold I can see one more $7-12 perhaps leg down. If ya can't see the bullish silver set up I don't know what to tell ya
and...Nice significant decline underway in GSR off that recent multi-decade high and SLV/silver's individual wave patterns and technical IMO looking very constructive for a key secondary low being put in place, love the int term risk/reward from the SLV 14 area
Senor
Edited by senorBS, 17 April 2019 - 07:54 AM.
#668
Posted 17 April 2019 - 08:00 AM
lol just noticed my last post was # "666", given Dougie's "visuals" I guess thats appropriate! and thx or those visuals amigo - did not need my coffee this morning!
NO BS
Senor
#669
Posted 17 April 2019 - 08:53 AM
did a bit more nibblin this mornin
Senor
#670
Posted 17 April 2019 - 11:13 AM
dharma