1010 replies to this topic

[dharma]

in spite of amassing a huge commercial short position, gold is chugging higher today. only they know when they will pull the plug

corrections are part of the process. but i expect that their nature will change in the bull. i am just sitting, making lists of potential buys to add to.. in spite of huge appreciation chk continues to go higher.  giddyap

watching db, for clues new lows for them and its game on they are a derivative king. leverage in this environment could be costly

 

dharma

[johngeorge]

I took a bit off the table this am.  Sold a small position in WDOFF. Doubled my money.  For me that is a good time to sell.  Wishing  good trading to all.

[dharma]

chpgf  in orbit . huge volume . are they in play?????? sitting pretty

dharma

[gannman]

if by some chance gld would trade over 1500 then i think there is a good 

 

chance the whole sector could go parabolic and we could climb  two to

 

three hundred dollars very quickly. i dont think that is going to happen

 

but this is a wave 3 crazy stuff could happen here. in any event i am 

 

selling nothing 

[gannman]

climb to 1700 to 1800 very quickly fwiw if that happens

[Russ]

I have a signal for a low in Eldorado gold (a star that has tripled in price since May)  the low is showing for about Sept. 18, this would tie in with Hadik's call for a significant correction into Sept.  This is the only good signal I have found so far, yes I could be wrong but the signal is there.

[gannman]

i think the markets are trapped here russ fwiw. the fed is trapped this 

 

trade war is pushing the world into a world wide recession. charts of the 

 

markets look bearish to me they look like they want to plunge 

 

dax is right on its 200dma  and what will be the safe have imo it 

 

will be the pms so i disagree with hadik about a significant correction 

 

here. we will see 

[Russ]

i think the markets are trapped here russ fwiw. the fed is trapped this 

 

trade war is pushing the world into a world wide recession. charts of the 

 

markets look bearish to me they look like they want to plunge 

 

dax is right on its 200dma  and what will be the safe have imo it 

 

will be the pms so i disagree with hadik about a significant correction 

 

here. we will see 

Maybe, but remember that stocks sometimes lead the metals and one of the majors, Newmount, has not put  in a new high lately... 

[Russ]

Silver's chart is still pointing at mid Oct. for the intermediate peak, so that is it's main trend, any pullback may be brief... 

[gannman]

check out db down 8 percent today