bottoming process continues
#691
Posted 22 April 2019 - 10:05 AM
and that is as of tuesday, thursdays smash not included
getting itchy
dharma
#692
Posted 22 April 2019 - 02:50 PM
Another gap-filled on $XAU - two more gaps below from January, including the initial gap from 1-25 (I am assuming this one will not fill) - we should see a reversal pattern develop NOW.
#693
Posted 22 April 2019 - 08:34 PM
Stu, here's hoping!
#694
Posted 23 April 2019 - 07:17 AM
I am thinkining one more modest gold and silver low here and then we have a very decent chance for downside completion, very oversold with 1-12 hr divergences and a nice oversold "coil" going
Senor
#695
Posted 23 April 2019 - 07:48 AM
I am thinkining one more modest gold and silver low here and then we have a very decent chance for downside completion, very oversold with 1-12 hr divergences and a nice oversold "coil" going
Senor
ok got the new lows, 14.78 in silver is the .618 of the large 5-wave rally, almost there, if I am right about this being a possible final leg down we should get a bottom soon and hard turn up, big morning IMO
Senor
#697
Posted 23 April 2019 - 09:44 AM
my worst fears are being realized... the Dollar index is breaking up to new 52 week highs..... should cause continued pressure on gold and silver.
but will lead to banking crisis for rest of world
#698
Posted 23 April 2019 - 10:55 AM
so far so good, lets see if we might just get a convincing or solid rally
Senor
#699
Posted 23 April 2019 - 11:03 AM
the indian festival begins may 7 so indian physical buying should begin anytime now
my turns are may3-6 so that has kept me waiting. now we may have hit a significant low, as senor mentions above we are really oversold
it seems the commercials have worked out of alot of short positions.. i am waiting to see signs that i can say, i have seen this before
and get aggressive and buy.that has not happened yet. so, i wait and watch.
all those 3rd world countries that borrowed in dollars now have to pay more money to service their debts.i believe a very significant
move to the upside will be unveiled soon. my work shows 1700 by october. we shall see
dharma
#700
Posted 23 April 2019 - 11:26 AM
this new m&a period has begun.price appreciation will follow
dharma