1010 replies to this topic

[hhh]

Nice call Senor! I reloaded some JNUG I dumped yesterday.

[dharma]

yesterday was a huge volume bar in the miners.its common  for the market to test the breakout from above so a pullback to the breakout is quite common.but the huge volume yesterday tells me the highs will be broken

yesterdays dsi of 94 indicates frothiness.always better,at this point to add on weakness.

dharma

hopefully we stay out of war w/iran.sure the pms will rally on war,but when the news changes,it will be an excuse to hit the market

[hhh]

Sold 'em around 11.39.

[senorBS]

Silver (SLV) is extremely interesting here, IF we have really entered a bull market and I think we have silver which has really lagged here should soon start playing some catch up. IMO the daily SLV chart looks like it almost has to be (if bullish). that todays decline to SLV 14.25 is wave ii of an unfolding wave iii of 3 basis daily and weekly charts. If correct SLV should next week rally hard and head toward the years high made in FEB at 15.21, what is amazing is that GLD is not only at an easy new high for the yr but today is above the 2016 high! That 2016 high for SLV was 19.71 - something HAS to give here and for now I will bet on an SLV rapid "catch up" move.

 

Senor

[dougie]

Senor: thoughts on the wave count of SLV off the highs here? 5-3- 5 in progress?

[senorBS]

Senor: thoughts on the wave count of SLV off the highs here? 5-3- 5 in progress?

maybe if not already done today, IMO one can buy half here at 14.34, add other half at 14.14-14.20 if we get/need a small c, and stop entire position at 13.99, really should not be much more downside here if this is a wave ii of 3, my 2 cents and as always DYODD

 

Senor

[jabat]

According to Highlander from another forum - Gold/silver ratio needs little bit more time-

 

[jabat]

Actual week is 8th July, 2019 

 

 

[Russ]

 

Senor: thoughts on the wave count of SLV off the highs here? 5-3- 5 in progress?

maybe if not already done today, IMO one can buy half here at 14.34, add other half at 14.14-14.20 if we get/need a small c, and stop entire position at 13.99, really should not be much more downside here if this is a wave ii of 3, my 2 cents and as always DYODD

 

Senor

And the gold stocks are lagging badly, what is causing this?  

[lotus2t]

Here's the Avi Gilburt chart as posted by lotus2t in the previous string... 

If we are still bullish   then here is an older post from Zac   :