1010 replies to this topic

[Russ]

Large specs vs. Commercials.... somebody is going to be very wrong.... 

[dougie]

well we know SOMEONE is never long for very long

[dougie]

After today's action, look like final pivot set on silver on the $15 throwover.

 

If/When Silver closes above $15 again, I plan on moving significant funds into the PMs for longer term play...

 

In the meantime, until these bearish throwovers stop occurring, bulls need to be patient, as prices could still work lower until bulls actually claim and hold key price pivot levels...

great advice

[Russ]

gold finding some traction?  

[senorBS]

A "blast" from the past and hopefull symbolic of a grande open path higher ahead;

 

 

Senor

Edited by senorBS, 11 June 2019 - 10:33 AM.

[dharma]

it seems to me the pm market is waiting for a catalyst. specs pushed the action yesterday. it could be the market is on hold until the fed acts!?

the breakout , when it occurs will be the signal on a closing basis until then all the action is w/trump calling out leaders, tariffs, and all the while everyone is silent. the public bears the brunt of the tariffs. it seems china is content not to trade w/the usa but still steal intellectual property. to the tune of 2-300billion a year!

i am waiting for the starter gun to be fired.  the market is not far from the breakout point!

dharma

the price of gdxj is where it was 6 years ago. and yet during this span there have been no new major discoveries. the starter gun will set off  a rash of takeovers.

Edited by dharma, 11 June 2019 - 12:05 PM.

[dougie]

interesting juncture here. was this pullback just a retest? Or will we drop hard here to test everyones will

[dharma]

well here is the captains take

http://www.321gold.c...wave061119.html

dharma

Edited by dharma, 11 June 2019 - 02:43 PM.

[senorBS]

well here is the captains take

http://www.321gold.c...wave061119.html

dharma

he is counting it the same way I am, big Q is are we done near term in "ii" or do we need to do a 50% in gold down to 1309? bullish either way IMO

 

Senor

[Russ]

 

well here is the captains take

http://www.321gold.c...wave061119.html

dharma

he is counting it the same way I am, big Q is are we done near term in "ii" or do we need to do a 50% in gold down to 1309? bullish either way IMO

 

Senor

 

 

Captain may have wanted 1309 but looks like he's only going to get about 1320 because wedges normally break in the 80% area.     

Edited by Russ, 12 June 2019 - 01:19 AM.