Thanks, that fractal was a thing of beauty. It just surpassed the Gartley objective of 0.618 on the one hour chart and then bounced off that point.
out on a limb! bottom for wave 2 in !?
Started by
dharma
, Jun 03 2019 10:55 AM
1010 replies to this topic
#562
gannman
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Posted 23 August 2019 - 09:46 AM
What happened why did the sector just take off
feeling mellow with the yellow metal
#563
hhh
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Posted 23 August 2019 - 09:46 AM
No idea, but did I ever leave money on the table.
#564
gannman
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Posted 23 August 2019 - 09:51 AM
Powell said something and they took off I think the next leg up has started
After a tiny pullback we will see they liked what he said
After a tiny pullback we will see they liked what he said
feeling mellow with the yellow metal
#565
senorBS
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Posted 23 August 2019 - 10:32 AM
What happened why did the sector just take off
Trumpy tweeting, he is a gold bulls best friend.....
Senor
#566
gannman
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Posted 23 August 2019 - 10:35 AM
Great luvs me some tweets ha ha
feeling mellow with the yellow metal
#567
senorBS
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Posted 23 August 2019 - 10:45 AM
Great luvs me some tweets ha ha
Tweeted about "ordering" American companies to leave China and said Fed chair Powell was greater threat than XI - goin where no Pres has gone before - shake rattle and roll!!!
Senor
#568
senorBS
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Posted 23 August 2019 - 11:26 AM
when gld trades over 142.5 i believe the correction is over
we will see
remember that the 1522-1532 area IMO is a huge resistance level as we talked about a week or so ago. "IF" decisively surpassed we
should run higher rapidly - we'll see if it once again rejects prices or if the time is now, matters little to me - long and strong big picture.
Senor
#569
ryanoo
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Posted 23 August 2019 - 11:28 AM
Americans should have a reduced life expectancy from all this.
His supporters will lose more.
PM and miners are rocking.
#570
dharma
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Posted 23 August 2019 - 11:54 AM
surprise. yes, we are in big resistance the area that caved off the 11 highs. i can wait. and i dont think i will have to wait long
i have stated my fear.@some point as the next leg gets going ,silver will assume leadership. and platinum shouldnt be far behind silver
xi talked about raising tariffs on american imports. powell said little to nothing new. which is what i expected. the broad market is set up here.
much like weimar,i expect the next leg up in gold to be accompanied by the us stock market. after this crash in the market i see a new leg to new highs
stocks are real assets and will benefit from stagflation up to a point. when that point is reached the last man standing will be gold. in cycle theory there are 80/20 and even 90/10 moves that occur ie that is 80%of the move in 20%of the time.i believe that is the set up here after the excruciating long consolidation in gold, which ate up years.
dharma
