977 replies to this topic

[Smithy]

Speaking of China, these two things horrify me.

 

https://chinachange....tion-subtitled/

 

https://www.theguard...hur-prison-camp

[senorBS]

Speaking of China, these two things horrify me.

 

https://chinachange....tion-subtitled/

 

https://www.theguard...hur-prison-camp

Yep, I often think we take our freedoms for granted and do not realize the fine and fragile line between having them and losing them

 

Senor

[dougie]

 

Are miners undervalued?

cant be totally ruled out for certain

[gannman]

looking at some longer term charts going back 20 years in the sector

 

yes in jan 2016 we completed a wave 2 correction to the initial multi year advance

 

we are in a wave 3 this will last for a very long time of that i have no doubts 

[hhh]

I'm with the Man from Gann here.

[Russ]

 

 

Are miners undervalued?

cant be totally ruled out for certain

 

Armstrong thinks Gold will start to move up strongly in 2020, I think probably around his next Pi cycle turn in late Jan which is when I have a high forming on my oscillator for Gold and gold stock indices. I don't subscribe to his service though so I don't know exactly what he is saying now, maybe someone else knows?

[senorBS]

interesting day, 5-day DSI now below 30%, note that on the charts I use gold made a new daily CLOSING low for this large correction on Monday with daily RSI diverging, guarantees nothing but that and the DSI does give some "juice" to the possibility that the correction may have ended, also most individual miners and almost all miner ETF's/indices above previous lows as well, we see

 

Senor

Following up on this miner relative strength is the fact that on Nov 20 the GDX advance/decline made a new 3 yr high (pulled back a little since), this is not a short term timing tool but just another piece if evidence IMO that we will eventually break out decisively to the upside and should be accumulating on weakness. Market internals often precede price and we have that in spades here!  Have a good THANKSGIVING everyone

 

Senor

[senorBS]

[stockchart]https://stockcharts....id=p63139357898

 

 

Got the GDX A/D like link at least,

 

Senor

Edited by senorBS, 28 November 2019 - 11:21 AM.

[Russ]

Anyone ever heard of this broker... Palm International based in Hong Kong but also registered in UK they say.  https://www.palmuk.com/   I want to open an account but they want my passport number and other personal details, I have contacted the National Futures Association to get verification they are real.  I have seen done demo trading on their platform getting one of their analyst's signals from another person,  the guy seems to be very good. 

Edited by Russ, 28 November 2019 - 11:40 AM.

[tradesurfer]

Bloomberg: Bold Bets That Gold Could Triple to $4,000 Trade in New York.
https://www.bloomber...ade-in-new-york