1010 replies to this topic

[tradesurfer]

My God commercials pretty much all in short at this juncture

https://snalaska.us/...t/charts/GC.png

[tradesurfer]

Of course we are at a near term top in gold now. Bloomberg talking about it too much and then this headline from goldsilver website

"Why I’m 99.9% Sure We’ll Win With Gold"

[gannman]

euss i think we could correct into july 4th fwiw

[Russ]

I'm showing friday may be the low, it't not the most confirmed signal but is possible. 

[dougie]

no one here sees hard down here as an option? hmmm

[gannman]

as far as slv goes when it closes above 15.20 imo it should rally strongly 

 

i think it is lagging gld by one wave fwiw

[Russ]

no one here sees hard down here as an option? hmmm

If it closes out the week and this month above 1362 (light blue line on the chart above) then that will be a weekly (seen last week)  and monthly confirmation of Armstrong's bullish reversal number, therefore we should not expect it to go down below 1362 again.  As I have stated my work agrees with Eric Hadik for some weakness here and then the final high on this run in late August or Sept. I just made 12% on the portfolios I am managing and expect to do much more than that by the end of summer.  Money management and using stops is of course always good to follow despite how sure a person feels.   

[dougie]

sure was sa WHOLE lotta selling at  the recent top

[Russ]

sure was sa WHOLE lotta selling at  the recent top

There was also a lot of up volume since May too, looks like the biggest in 5 years on the gold futures chart...   http://schrts.co/KYPeAVry

[Russ]

no one here sees hard down here as an option? hmmm

This chart from kitco's gary wagner would agree with you it seems...