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#1 dharma

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Posted 29 November 2019 - 12:16 PM

yes, i see the possibility for one more down, its always like that. BUT i believe w/the turn i have had on my calendar for quite some time i am going to step out and say . we are about to embark on wave 3of 3 of 5

when i got introduced to trading and trading gold i got to spend time w/james sinclair. he told me the big money 1st enters the markets by buying the miners.  miners lead up and down. on the last lows in the metal the miners did not follow suit.  imo they are under accumulation.   

so , i may be putting my foot in my mouth , but i see signs of the bull resuming after almost a 3 month hiatus.  i also see a cycle which calls for a high in march/april . then another high in december

but back to the present . silver and platinum should be the lead dogs for the metals.  while mr trump has stopped the unnecessary wars we have been engaged in , taking out dictators etc. the economic weight of the debt and deficits is starting to exert its influence.  its not going to be pretty

anyway, in commodities the big wave for price appreciation is wave 5 , but this wave will be broad based and impressive in its own right.  i dont think the gold bull gets recognized by the masses until the highs are surpassed   

tally ho

dharma

happy holidays

i dont eat meat so turkey is not an attraction. 

i really enjoyed and appreciated that interview w/paul tudor jones and ray dalio



#2 Smithy

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Posted 29 November 2019 - 12:50 PM

dharma, good post. Why do you think the low is in for gold?  (You may be right!)



#3 dharma

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Posted 29 November 2019 - 01:09 PM

1 miners have not followed gold to new lows

2 my cyc  w/le work indicates that next week will be a turn

3 corrections in gold bulls do not usually last 3 months. so this one is long in the tooth

dsi=26 as senor has pointed out the dsi and 10day dsi has been quite low for some time. 

the one fly in the ointment is the spec longs have not run for the hills like they usually do on a 100 dollar gold correction,

which leads me to the conclusion . these are investors taking stakes in gold

when value investors. search for sectors or investments that are undervalued they have to be struck by the fact that the miners have gone down almost 90% from their highs. i have been pounding on the table that miners are undervalued . ridiculously so this will not be lost on the value investor. w/the state of the world ie 0 rates, negative rates the argument against gold evaporated.. bonds no longer provide yields, one has to wonder if they will be paid back!!!!!!

dharma

thanks for asking

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


#4 gannman

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Posted 29 November 2019 - 06:11 PM

according to the close in gdxj you are right my friend 38 .15 is above the 38.14 top 

 

so this should be the low i am thinking the same way 


feeling mellow with the yellow metal


#5 dharma

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Posted 02 December 2019 - 11:49 AM

ism out this morning =48.1 folks manufacturing is indicating recession

the fed is trapped. they can check out but never leave. yes they are in hotel california  https://www.youtube....h?v=LarEzo6F4Dc

 usual morning beat down , meeting buyers. the sector is under accumulation.   the fed is an engine of inflation . and to some that is now apparent

i have said that the march/may correction would be matched by the sept4 -present correction.  https://pbs.twimg.co...A1MWkAAZvG2.png

yes, i see there could be one more down, so i am using weakness to buy issues /indexes that i like . i am fully loaded right now

today, jupiter moves into capricorn. this will be felt in the markets. i look for stocks to get into correction mode. all the printing is not going to help right now. the reaction of what the fed will do will not be lost on gold

its time

dharma



#6 stubaby

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Posted 02 December 2019 - 12:08 PM

ism out this morning =48.1 folks manufacturing is indicating recession

the fed is trapped. they can check out but never leave. yes they are in hotel california  https://www.youtube....h?v=LarEzo6F4Dc

 usual morning beat down , meeting buyers. the sector is under accumulation.   the fed is an engine of inflation . and to some that is now apparent

i have said that the march/may correction would be matched by the sept4 -present correction.  https://pbs.twimg.co...A1MWkAAZvG2.png

yes, i see there could be one more down, so i am using weakness to buy issues /indexes that i like . i am fully loaded right now

today, jupiter moves into capricorn. this will be felt in the markets. i look for stocks to get into correction mode. all the printing is not going to help right now. the reaction of what the fed will do will not be lost on gold

its time

dharma

dharma:

 

would love to move this from my "alt" EW count to "Primary" - Series of 1-2 1-2 1-2's are enticing, but any weakness cannot be tolerated "Where's The Beef?"

 

http://schrts.co/YsAbEMWF



#7 dharma

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Posted 02 December 2019 - 12:32 PM

 

ism out this morning =48.1 folks manufacturing is indicating recession

the fed is trapped. they can check out but never leave. yes they are in hotel california  https://www.youtube....h?v=LarEzo6F4Dc

 usual morning beat down , meeting buyers. the sector is under accumulation.   the fed is an engine of inflation . and to some that is now apparent

i have said that the march/may correction would be matched by the sept4 -present correction.  https://pbs.twimg.co...A1MWkAAZvG2.png

yes, i see there could be one more down, so i am using weakness to buy issues /indexes that i like . i am fully loaded right now

today, jupiter moves into capricorn. this will be felt in the markets. i look for stocks to get into correction mode. all the printing is not going to help right now. the reaction of what the fed will do will not be lost on gold

its time

dharma

ps the broad market is about to get a wake up call  a 20-30% quick tumble. but like in weimar stocks will then go up until the inflation is too bad . meanwhile the big money buys back and personally gets out  while the public sleeps

 

dharma:

 

would love to move this from my "alt" EW count to "Primary" - Series of 1-2 1-2 1-2's are enticing, but any weakness cannot be tolerated "Where's The Beef?"

 

http://schrts.co/YsAbEMWF

 

yes, this whole correction from 11-15 had more games than i anticipated. now the rubber has to meet the road. gold needs to react or act like a wave 3 i think this month will be the turning point.  if not  i bail on what i bought. if so , i ride. its simple as that for me at this point

dharma

ps good to see you.  my partner and i have been surveying places to live. tough to know at this point . so far staying put.  would love to solarize everything so we have independence.   


Edited by dharma, 02 December 2019 - 12:35 PM.


#8 dougie

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Posted 02 December 2019 - 02:47 PM

Dust appears to have completed a 3 3 5 down on 15 min

#9 dharma

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Posted 02 December 2019 - 03:10 PM

individual miners performing well.  under the hood shes running clean

in bull markets surprises are on the upside

debasing the currency is driving the equity markets. ism telling us manufacturing is contracting

stock buy backs are another source of putting a floor under the market

the pms are going to rip

dharma



#10 gannman

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Posted 02 December 2019 - 10:09 PM

what gold needs is for things to get out of control . watching the dollar closely

 

i believe that is key


feeling mellow with the yellow metal