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[jabat]

CDlangley LT silver chart

 

• cdelaney Monday 16th of March 2020 10:31:24 AM

  Here is the silver LT chart with retrace levels.  9.738 is .618

  

   
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[dharma]

i closed down and went for a soak for some days. in 08 -09 gold went from 1k to 682 roughly 32% haircut, it is much firmer today than back then, bu the decline is not over.  i have discovered some things which i will post today or tomorrow. we are about to experience a new bull market. but we are still a couple of weeks away.   this is going to be an action packed year. disease, pestilence, war, a hung election w/the results coming later than normal.  i have not bought yet.  i am going to start w/silver in the depression silver was .13 its role as a monetary metal in deflation is dubious at best.   gold keeps gaining on the broad market  which is creating an interesting picture

dharma

[K Wave]

GLD has held 200 day so far...massive relative strength...

[dharma]

kwave, meant to tell you , you and your work have done a great job keeping everyone on alert.  i will be in buy mode adding a tranche to my holdings.  this will all disappear quickly

dharma

[dougie]

yeah Kwave. wish i had been listening more to you!

 

Keep it up man!

 

Where is Senor?

[dharma]

dsi=37 for gold

whew much better reading

have alot to say but i have been invited on another board and been posting there. when kwave was posting on capital stool in 01 or so and me too. there was another guy there who was pounding the table to buy ng @.13 he bought tons, i did my homework and joined the party.  he invited me to join a group of veterans there.  i will be back fresh tomorrow. 

dharma

[K Wave]

Absolutely insane "Abby Normal"  action on the miners over last few days...still trying to get my bearings on what it all means.

 

Look at daily chart of FNV or the above referenced NG...went completely through the crash window to the 900 day in a couple of days, and then completely reversed it in about 10 hours of trading.

 

Never seen anything like those chart patterns.

 

But if GDX ends up reclaiming the 28 level before a massive pullback happens, then possibility we just saw the greatest shakeout in the history of the markets.

Edited by K Wave, 17 March 2020 - 04:05 PM.

[Russ]

i closed down and went for a soak for some days. in 08 -09 gold went from 1k to 682 roughly 32% haircut, it is much firmer today than back then, bu the decline is not over.  i have discovered some things which i will post today or tomorrow. we are about to experience a new bull market. but we are still a couple of weeks away.   this is going to be an action packed year. disease, pestilence, war, a hung election w/the results coming later than normal.  i have not bought yet.  i am going to start w/silver in the depression silver was .13 its role as a monetary metal in deflation is dubious at best.   gold keeps gaining on the broad market  which is creating an interesting picture

dharma

The gold stocks sure look to be putting in a V bottom.... 

[Russ]

 

I also have this projection for a NYSE low in Oct. 2021 which ties in with what Martin said above... 

Russ are we testing 40k first or after 2021?

 

I was looking through old posts and saw your question.  I don't know the answer to your question, my signal for a low in 2021 has been violated now, so I don't know if it will work now, it might but will take more time to see if newer trends develop. 

[Russ]

6 weeks would put us right about now, not April, from Jan 18.

 

Or ore you thinking in panic low in this time frame, followed by retest in April?

 

In any event, EXTREME panic in A/D line over last 2 days. Generally, that type up stuff shows up right near good intermediate buying opportunities.

Wollie's CLX indicator also in the extreme zone.

Just doing a review here in June,  the low came in on March 23, but the signal was on the SPX which peaked in the week of Feb 18, so the low came in about 6 weeks later, my signal for the low from last Dec. was off by a couple of weeks but still showed the trend.