nice early action and I love it when they move it like this on "thin" days when we are at impt junctures (very sneaky), I did add more SLV pre market at 15.77, would not be surprised if miners rally into the close
Senor
the tree grew around the limb, change of season
Started by
dharma
, Sep 23 2019 09:51 AM
977 replies to this topic
#952
K Wave
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Posted 29 November 2019 - 10:29 AM
The volume on GDX is amazing, yet disconcerting: its backwards. The longer the correction in the gold sector, the more bulls pile on. It's a version of progressive betting strategy used by gamblers especially in blackjack. The lower GDX goes, the more you buy because its bound to go up some day?
The guy I respect from Volume Dynamics calls GDX miners garbage? I don't know!
Hourly close over 27 on GDX and bulls should be on their way.....
Edited by K Wave, 29 November 2019 - 10:29 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#953
linrom1
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Posted 29 November 2019 - 11:08 AM
slv needs to take out 16.10 area imo to make a bullish case here fwiw
If XAGUSD goes thru17, then its some kind upward bounce and will not continue down for now. I think it will fail.
#954
gannman
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Posted 29 November 2019 - 11:40 AM
I am surprised but good action here let's see some follow thru not in a rush we have years ahead
Of a bull but you have to like the trading so far
Of a bull but you have to like the trading so far
feeling mellow with the yellow metal
#955
K Wave
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Posted 29 November 2019 - 11:41 AM
Platinum still battling with 900....would really like to see that one clear and hold 905 one more time...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#956
linrom1
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Posted 29 November 2019 - 11:48 AM
One more shot for another swing down, wave is general but not precise.
#957
K Wave
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Posted 29 November 2019 - 11:54 AM
One more shot for another swing down, wave is general but not precise.
Right shoulder at 17.10 is the key on that chart.
If it takes that out, likely explosion upside....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#958
linrom1
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Posted 29 November 2019 - 12:01 PM
Right shoulder at 17.10 is the key on that chart.
One more shot for another swing down, wave is general but not precise.
If it takes that out, likely explosion upside....
Agree, 17.50 wouldn't surprise anyone?
#959
linrom1
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Posted 29 November 2019 - 12:17 PM
QID up .15, wrong forum but I am adding all these inverse bear funds to my watchlist.
#960
K Wave
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Posted 29 November 2019 - 01:10 PM
GDXJ really looking like successful back test of hourly 900 MA now....once that 200 starts to kink back up, should be all systems go for next leg up....
Edited by K Wave, 29 November 2019 - 01:10 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
