Member
Posted 26 November 2019 - 11:15 AM
I could see SLV hitting 16.25ish while still remaining in its downtrend.
For me, if silver goes above 17.231, it invalidates the current wave structure. The whole correction from Sep top could be ABCDE triangle and this could also be leg D. I am taking a very small risk here.
Member
Posted 26 November 2019 - 11:19 AM
Nice upside reversal from key areas, did gold see a 5th wave failure at 1451? I keep watching rates (TYX) creep lower and stocks rise to new highs with the stock mkt thinking a trade deal gets done/started, why are rates ticking lower day after day? Gotta think these lower rates are ultimately bullish for gold/miners if they continue which looks very likely IMO.
Senor
Member
Posted 26 November 2019 - 11:28 AM
Nice upside reversal from key areas, did gold see a 5th wave failure at 1451? I keep watching rates (TYX) creep lower and stocks rise to new highs with the stock mkt thinking a trade deal gets done/started, why are rates ticking lower day after day? Gotta think these lower rates are ultimately bullish for gold/miners if they continue which looks very likely IMO.
Senor
Bonds have been forecasting (presaging? enabling?) today's bounce for a while.
Member
Posted 26 November 2019 - 11:31 AM
OK, looks like the pivots on GDX/GDXJ have just been set...
Until those broken upside, still downside risk...let's see what the rest of today brings...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 26 November 2019 - 03:01 PM
very well could have bottomed. if so it should blow out of here very strong
i want gdxj over 39.50
Member
Posted 26 November 2019 - 03:20 PM
been in there buying plg, tough to get shares w/o paying up i have been accumulating this one. i do not think the combustion engine or hydrocarbons are going to disappear. my hope is ev cars gain market share. BUt platinum imo is way undervalued historically in relation to gold . and cat converters will continue to be a necessity. platinum mainly comes from russia and s/africa. russians are master chess players. and over time i do think the 1901 highs in platinum get taken out. i will be patient. will this be a hundred bagger or more???? i am putting my money where my mouth is
upped my exposure in the pm space, not on margin
dharma
Member
Posted 26 November 2019 - 03:36 PM
Barring a last half hour wipeout, looking like a pretty good day for PM bulls.
Now just need some follow through over next few days...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 26 November 2019 - 03:43 PM
very well could have bottomed. if so it should blow out of here very strong
i want gdxj over 39.50
They can make it look what ever they want. Whatever it is, its corrective. On Silver, they could run it up to 17.50-60.
Member
Posted 26 November 2019 - 03:52 PM
5 min 900 back test come in around 37.10....back above that and it would be reasonably likely that both hourly 900 and hourly 200 get reclaimed upside today.
That's a BINGO!
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 26 November 2019 - 03:53 PM
Panic buying in GDXJ leaving intra-day gaps now.
