bottoming process continues
#811
Posted 15 May 2019 - 11:33 AM
atlantic goldgot bought out for a 41%premium 800million dollar deal a good sign
this to my mind is not a good sign https://www.reuters....n-idUSKCN1SC01B
there are so many spining plates right now. soybeans dont see a trade deal ,while the broad market is being talked up
dharma
#812
Posted 15 May 2019 - 03:56 PM
is GDX 1-2 1-2? Overlap in 4 and 1 might rule this out though
#814
Posted 16 May 2019 - 10:18 AM
OK - here we go again - chance for a completed EW count for Wave 2 is at hand I will say Wave iv of C of 2 is complete and we have now entered Wave 5 - What we want to see is divergences building here and NO EXTENSION. Also, if this is correct this next reversal up will present itself in a convincing manner, All, FWIW Good luck to all!
#815
Posted 16 May 2019 - 10:38 AM
i think we are close here. sentiment is poor
i think 1 and 2 can chew up may and part or all of june
we see
caution and patience
dharma
#816
Posted 16 May 2019 - 02:48 PM
SILJ breaking key support ! NOT GOOD
actually its fine IMO, looks like a final washout and I am lookin for a bottom at 7.20-7.30 area, I bot some SILJ sub 7.30, SLV looks like a final leg of the correction down today. Huge capitulations in stocks like CDE/PAAS/FSM. I could be dead wrong but I like the risk/reward here, up to about 65-70% long, as always DYODD
Senor
#817
Posted 16 May 2019 - 02:49 PM
OK - here we go again - chance for a completed EW count for Wave 2 is at hand I will say Wave iv of C of 2 is complete and we have now entered Wave 5 - What we want to see is divergences building here and NO EXTENSION. Also, if this is correct this next reversal up will present itself in a convincing manner, All, FWIW Good luck to all!
T O T A L L Y A G R E E, we will soon see
Senor
#818
Posted 16 May 2019 - 08:04 PM
Silver has now reached critical mass, either this last decline to a new low near 14.50 ends a large and deep correction "NOW" (I favor this) or we see a melt down to new lows below the Nov bottom at 13.89. Show and tell time
Senor
#819
Posted 17 May 2019 - 12:46 AM
OK - here we go again - chance for a completed EW count for Wave 2 is at hand I will say Wave iv of C of 2 is complete and we have now entered Wave 5 - What we want to see is divergences building here and NO EXTENSION. Also, if this is correct this next reversal up will present itself in a convincing manner, All, FWIW Good luck to all!
T O T A L L Y A G R E E, we will soon see
Senor
GLD is has developed a trend for a high in mid August...
"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/
#820
Posted 17 May 2019 - 12:58 AM
here is an interesting fractal https://it.tradingvi...t/HUI/Y3U0rN7i/
atlantic goldgot bought out for a 41%premium 800million dollar deal a good sign
this to my mind is not a good sign https://www.reuters....n-idUSKCN1SC01B
there are so many spining plates right now. soybeans dont see a trade deal ,while the broad market is being talked up
dharma
Very interesting, I have strong trends on the GLD and Gold bullion's chart for a major high in mid to Autumn 2021, possibly Oct which is a favorite month for panics.
"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/