1289 replies to this topic

[K Wave]

PL could not hold over 972, and now looking a bit sick...

[K Wave]

PL continues to slide....hopefully this dip under 940 is the last of it.

 

But if not, and Gold/Silver start to crack after this rally off the low this AM, might be time to take some off the table...

 

PL has led down waves before....

[dharma]

yes it has it topped before silver/gold in 2010 w/manufacturing all but shut down in china what supplies exist are not being fabricated so price suffers

i dont see any divergences in the market gold/gdx/gdxj it looks like a healthy correction after a run  we didnt hit major resistance yet.  so i am thinking this is consolidation of gains.  after a big run up. the inability of the market to reach 1681 tells me we need to consolidate these gains.  the miners have a big base closes above 32 gdx projects to 50  

yesterdays dumping of 3 billion has been identified https://www.zerohedg...ion-dollar-sale

now the cbs will be ready w/qe to infinity to help all the people

 dharma

the persistently high dsi is always an alert 93 down 3 from yesterday

Edited by dharma, 25 February 2020 - 11:47 AM.

[dougie]

gap fill gdxj

[dougie]

i owe linrom a high 5: his silver short at 18.60 was spot on

[K Wave]

absolute waterfall in PL....

 

IF it closes the week out near these levels or below would not look too good on weekly chart...right now, looking like massive breakdown on daily chart.

 

could be headed all the way to 900 at this point.., and if that don't hold, then the whole bullish breakout attempt would get called into question.

 

Sorry guys, I do not see the action in PL as especially healthy at this juncture....

Edited by K Wave, 25 February 2020 - 12:55 PM.

[senorBS]

For me the key near term Q is when the Fed starts a big easing flood, down 450 now in the Dow, my guess is we "might" be hours/days away from an "official ease" ease.of note I like the KL action a lot the past few days.

Or do we need back to back 1000 pt Dow days first to get Trumpy really riled up and a little Fed panic?

 

Senor

[dougie]

absolute waterfall in PL....

 

IF it closes the week out near these levels or below would not look too good on weekly chart...right now, looking like massive breakdown on daily chart.

 

could be headed all the way to 900 at this point.., and if that don't hold, then the whole bullish breakout attempt would get called into question.

 

Sorry guys, I do not see the action in PL as especially healthy at this juncture....

yep, this whole move could have been a headfake. Dont think so, but ya never know. The tell was the specs long gang.

[ryanoo]

For me the key near term Q is when the Fed starts a big easing flood, down 450 now in the Dow, my guess is we "might" be hours/days away from an "official ease" ease.of note I like the KL action a lot the past few days.

Or do we need back to back 1000 pt Dow days first to get Trumpy really riled up and a little Fed panic?

 

Senor

Covid-19 is Trump's black swan.  Any mis step in fighting this virus and exponential explosion of cases can easily undo his presidency.  I don't see any way for the world population to escape this virus.  People in the warm countries are getting the virus, which means the Summer may not stop the spread.  The world was already at a breaking before this, now will there be a world war started by some autocrats threatened of their power?  You never know.  When the tyrants feel threatened, they usually resort to military conflicts.

[ryanoo]

Yield curve is getting very flat.

A few months before the last recessions in 2000 and 2008-9 and now, look not much different.

back then the Fed could cut rates, now they have to go negative.

Gold price in USD will sky rocket once US enters negative rates.

All retirees are screwed.

 

Covid-19 is only in the beginning stage.

https://tme1.fra1.di...b95e88f8269fd02

Edited by ryanoo, 25 February 2020 - 02:07 PM.