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the tree grew around the limb, change of season


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#951 senorBS

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Posted 29 November 2019 - 10:28 AM

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



#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.


#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
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...



#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....



#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....

 

gdxj.png


Edited by K Wave, 29 November 2019 - 01:10 PM.