I think the way it acted, It is due for a trip lower, Since it found support at 1490 any print below that then next stop is 1445-1455
I am out of all gold/silver positions as this week has been total stress ping pong ride.
Actually, I am Glad I am onto something else. Actually rolled everything into AMT 225c oct when AMT was at 219.20 They just raised Dividends and payable mid Oct. I think the market runs to 3045-65 from here and AMT will be at 230 min.
Sorry for rambling and since not in Gold I won't be clogging your thread.
Hey RUSS,
I should have listen a bit more closely to your opinion
Best to all
O
Ok Opin. , I assume you are talking about ABX? Time will tell on gold here, I think it's going down more, we'll see. I am not in the market just watching now. Silver looks like 5 waves up since it broke out to me.
I was speaking of Barrick $GOLD I panicked out right near the bottom but was down 30% at that time which was well beyond all of my rules. Sad thing is this morning the darn thing was about 1.00 over where I sold it and would have been up about 40%
I to think Gold is going lower from here and think 1450 is the area. Charts look sick unless it can get back over 1511 and hold.
out on a limb! bottom for wave 2 in !?
#941
Posted 19 September 2019 - 11:46 AM
#942
Posted 19 September 2019 - 11:47 AM
the bombing of saudi oil fields puts a geopolitical floor under gold you know the industrial military complex wants to get somebody. anybody. china has made a 400 billion dollar investment in iran. that will complicate an attack on iran. also russia is geographically close to iran. will be back later.
dharma
i can be patient here. breaking out of the 6 yr base is a big tell
the coast will be clear when kwave reappears.
"A new generation of weapons are cheap and scary.
Saudi Arabia has one of the world’s largest military budgets and larded defenses with regiments of U.S. Patriot missiles. None of it worked last Saturday. Someone — likely Iran — eluded Saudi defenses and smashed the kingdom’s energy processing facilities, cutting Riyadh’s oil production in half. The sophistication of these robot weapons and their ability to wreak havoc — even in the USA — was highlighted by FBI Director Christopher Wray in Senate testimony last year. “The threat,” he said, “is steadily escalating.”"
#943
Posted 19 September 2019 - 12:46 PM
Trump's National Security team is discussing possible Iran strikes.
#944
Posted 19 September 2019 - 02:44 PM
more on the repo system
http://investmentresearchdynamics.com/
dharma
one for the bugs https://www.youtube....h?v=y_3oxD5dDSw
#945
Posted 19 September 2019 - 05:47 PM
hmm i just got a buy signal from time segmented volume on gld
lets see how it acts
#946
Posted 19 September 2019 - 05:50 PM
thanks for that info on the repo system dharma
#947
Posted 19 September 2019 - 06:12 PM
and from my count in the hui that drop yesterday to 204.51 should have
been the end of the correction. just my take it implies a move up to about 350
in a wave iii of 3
#948
Posted 19 September 2019 - 06:43 PM
and from my count in the hui that drop yesterday to 204.51 should have
been the end of the correction. just my take it implies a move up to about 350
in a wave iii of 3
I agree with new highs in HUI and others, and while it "might" be wave iii of 3 it also might be a wave 5 in a lot of stuff - I would be a happy camper either way!
#949
Posted 20 September 2019 - 01:33 AM
#950
Posted 20 September 2019 - 07:34 AM
look at US ISM Manufacturing..1st below 50 reading last month indicating recession BUT false signals in 2013 and 2015/16
donc...plus if that signal is true there is about a year and a half lead time..and stocks usually go up for at least a year..