1010 replies to this topic

[gannman]

xau look like it may have completed wave A

 

so if right we should see a B wave rally

 

just my opine fwiw

[stubaby]

xau look like it may have completed wave A

 

so if right we should see a B wave rally

 

just my opine fwiw

The real question is how deep a correction combined with how long a correction, will it take to lower the bullishness and create some real levels of bearishness

[gannman]

exactly so far so good but you are right and no one knows the answer to that one ha ha

[linrom1]

 

xau look like it may have completed wave A

 

so if right we should see a B wave rally

 

just my opine fwiw

The real question is how deep a correction combined with how long a correction, will it take to lower the bullishness and create some real levels of bearishness

 

You'll be able to answer that question in C wave?

[K Wave]

Miners still acting like crap, and every bounce in gold gets immediately sold...

 

could get scary for a bit next week....

Edited by K Wave, 13 September 2019 - 09:28 AM.

[dharma]

 

xau look like it may have completed wave A

 

so if right we should see a B wave rally

 

just my opine fwiw

The real question is how deep a correction combined with how long a correction, will it take to lower the bullishness and create some real levels of bearishness

 

this is the exact question on my mind !!!!!we saw nose bleed #s for the dsi for gold and silver , the this #s have come down, but there is still a good amount of bullishness. complacency.  if this is 2of3 then it should cause consternation for the bulls . if it is 4of 5of 3 then not so much.  my feeling is either we go deeper into correction or we chew up a lot more time. 

draghi fired the bazooka. buyers came out pushing gold up to 1523 . then sellers appeared pushing the yellow metal to essentially even on the day! demoralizing!

next we have bone head powell. my guess is he disappoints w/a 1/4  and  that starts the sell off in the broad market. there are clues that all is not well w/this market. the miners other than continental are showing signs of profit taking and weakness.

dharma

the fed will panic.  it is the last bastillion of central bank sanity(i am speaking relatively there, they too are insane). the deficits in the us already hit one tttttttttttrillion mark this year,  first time since 12

but dont worry the democraps have a bunch of socialists promising free everything they will solve all the problems

i still show time left on this correction. it could get scary

Edited by dharma, 13 September 2019 - 10:42 AM.

[linrom1]

Silver is getting decimated for what it costs to go out for lunch for the bankers; gold is having a hiccup? Still no sign of intervening violent rally in silver? Silver is a joke, 15 for old LT support.

Edited by linrom1, 13 September 2019 - 10:50 AM.

[dharma]

start this one at the 20 min mark 

https://www.youtube....h?v=erOzxf-63zU

dharma

[Russ]

assuming wee are doing an ABC off the highs, getting to that gap Would NOT be expected IMO if we completed A down....

GDX 24 gap is now only 3 dollars away, it is coming.

[goldfungus]

 

assuming wee are doing an ABC off the highs, getting to that gap Would NOT be expected IMO if we completed A down....

GDX 24 gap is now only 3 dollars away, it is coming.

 

I bet that is the consensus opinion now. I hope this bull doesn't get anywhere near that. We need chasers!