IF this sticks today, and it is looking more and more likely that it will, could be a crushing loss for PM bulls...
In any event the risk of extended downside damage is now real until PMs take out the news swing pivots.
wave 3
Started by
dharma
, Nov 29 2019 12:16 PM
1289 replies to this topic
#111
K Wave
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Posted 06 December 2019 - 09:35 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
#112
linrom1
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Posted 06 December 2019 - 09:48 AM
Volume on silver diminishing. Silver did ABC down and looks like its now in (iv) so there is potentially only (v) down left about $.20 if not extended.
Edited by linrom1, 06 December 2019 - 09:49 AM.
#113
linrom1
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Posted 06 December 2019 - 10:07 AM
Battle of MA 900 on daily.
#114
linrom1
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Posted 06 December 2019 - 10:29 AM
Gold, did not make a cycle low like silver did. Its wave C looks truncated..........
#115
K Wave
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Posted 06 December 2019 - 10:31 AM
So your saying there is a chance...
GDX hourly....below today's pivot low, and bulls will have lost the ball again...
But if that pivot low holds, and manages to reverse the opening decline, then possible this was the final shakeout...(PL still hangin' in there pretty well)
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#116
linrom1
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Posted 06 December 2019 - 10:43 AM
So your saying there is a chance...
GDX hourly....below today's pivot low, and bulls will have lost the ball again...
But if that pivot low holds, and manages to reverse the opening decline, then possible this was the final shakeout...(PL still hangin' in there pretty well)
I was thinking in terms of silver that it follows gold, another words if gold didn't bottom neither did silver?
Edited by linrom1, 06 December 2019 - 10:44 AM.
#117
K Wave
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Posted 06 December 2019 - 10:46 AM
One more move on PL over 900 (896 cash) could start the reversal there...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#118
K Wave
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Posted 06 December 2019 - 10:48 AM
So your saying there is a chance...
GDX hourly....below today's pivot low, and bulls will have lost the ball again...
But if that pivot low holds, and manages to reverse the opening decline, then possible this was the final shakeout...(PL still hangin' in there pretty well)
I was thinking in terms of silver that it follows gold, another words if gold didn't bottom neither did silver?
It was a reference to a movie line
Edited by K Wave, 06 December 2019 - 10:49 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
#119
linrom1
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Posted 06 December 2019 - 11:12 AM
So your saying there is a chance...
GDX hourly....below today's pivot low, and bulls will have lost the ball again...
But if that pivot low holds, and manages to reverse the opening decline, then possible this was the final shakeout...(PL still hangin' in there pretty well)
I was thinking in terms of silver that it follows gold, another words if gold didn't bottom neither did silver?
It was a reference to a movie line
I googled it.
#120
dougie
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Posted 06 December 2019 - 11:57 AM
Headfakes are us here folks. No point for heroism imo
