911 replies to this topic

[Russ]

Edited by Russ, 17 May 2019 - 01:13 AM.

[Russ]

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

Also interesting Dharma is that your fractal guy is showing a high in August for HUI and as I showed on the previous page GLD has a trend for a high in mid august. https://it.tradingvi...t/HUI/DHEkJXW1/

Edited by Russ, 17 May 2019 - 02:02 AM.

[Russ]

and blast from the past this chart is also projecting a high in mid 2019 for gold... 

[senorBS]

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

gotta wonder if GSR is now in an ending daily/weekly blowoff spike

 

Senor

[Smithy]

Senor, is there a particular price point where you cry "Uncle" that silver is headed below 13.89?

Platinum falling too.

[senorBS]

so far a pretty decent miner "tone" given the significant gold/silver decline, they look pretty "sold out" here unless gold and silver keep declining hard, I have no "line in the sand" at this time, I am long and in unleveraged miner only positions, content to hold "for now", as always DYODD

 

NEM is positive, AEM is positive, GDX unchanged, maybe a dead cat or maybe very meaningful, we see

 

Senor

Edited by senorBS, 17 May 2019 - 10:16 AM.

[stubaby]

On the $XAU I am now seeing a "potential" ending diagonal for Wave 5 - interesting, FWIW

 

http://schrts.co/MeFTHHKc

[stubaby]

 

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

gotta wonder if GSR is now in an ending daily/weekly blowoff spike

 

Senor

 

Senor:

 

I use the Renko Chart of GSR to take out the squiggles and I agree with you on the "blowoff spike" - I see divergences on both MACD and RSI here as well, FWIW

 

http://schrts.co/ZFAfHKuk

Edited by stubaby, 17 May 2019 - 10:27 AM.

[senorBS]

 

 

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

gotta wonder if GSR is now in an ending daily/weekly blowoff spike

 

Senor

 

Senor:

 

I use the Renko Chart of GSR to take out the squiggles and I agree with you on the "blowoff spike" - I see divergences on both MACD and RSI here as well, FWIW

 

http://schrts.co/ZFAfHKuk

 

Thx, this could be something like a mirror image of the 2011 GSR spike bottom when silver went to the high 40's, trying to identify an exact blowoff top or spike bottom is impossible but it does usually indicate exhaustion is close and when one looks at charts of PAAS/CDE/FSM and others this has been a crash from the Feb highs, CDE has declined from about 5.73 to the 3 area, FSM from 4.18 to 2.50 PAAS from 15.24 to 10.7 all this with silver so far holding above last years lows, I'd say "capitulation" has occurred but who knows - more to come or just about done?

 

Senor

Edited by senorBS, 17 May 2019 - 10:45 AM.

[Smithy]

Yeah, I'm watching the silver 78.6% retrace level of spot 14.39, make or break.