1289 replies to this topic

[senorBS]

"the bull wants as few riders as possible.   all they can do now is supportive for higher gold prices

dharma"

 

And that is why this time around a V bottom makes SO much sense to me, and the big time lack of belief on this board in that possibility only reinforces that for me, but I could be dead wrong but don't think so "this time"

 

Senor

[linrom1]

Yesterday we saw the biggest point move for DOW, what is the biggest point move for gold?

[dharma]

finally gold a safehaven!

 logic what are the powers that be, choices????? what can they do to stimulate?

well dharma they could cut taxes

yes , it takes the candy from congress and the president

hmmm

folks they are going to do what they have done in every other crash cycle. 

if its a mystery to you . ok.  today is the tip of the iceberg . the fed blinked

dharma

its your money its your choice. i know nothing. 

last week proved i know nothing 

Edited by dharma, 03 March 2020 - 01:07 PM.

[senorBS]

Yesterday we saw the biggest point move for DOW, what is the biggest point move for gold?

don't know don't care, much more important things to study/follow to determine likely direction so I can make money

Senor

[Smithy]

 

Nice to see a gold chart    How about the bigger picture count?
 

[dharma]

above todays highs and we have a potential 5 wave rally, which then shifts the odds in favor of the bulls.   

for me the fact the market got over 1640 is impressive .  a close above there breaks into the next higher price cycle. 

gold had safe haven status today. the fed did as expected, ie it lowered rates.    the market is catching on. they will 

use their tools to fight this thing . there is an election . bernie scares people.   in weimar stocks went up until the inflation

got really bad. i expect stocks to go up into 2021  . i ask myself how will pension funds meet their obligations w/1% 10 yr yield

right now its only about govt surviving . old people retired w/ higher rates in mind.  it all comes to government

dharma

[linrom1]

 

Yesterday we saw the biggest point move for DOW, what is the biggest point move for gold?

don't know don't care, much more important things to study/follow to determine likely direction so I can make money

Senor

 

 

This is the big picture, the count is still the best representation of technical action.

[dougie]

GDX 15 min has a pretty clean 5 wave strucure off lows

[senorBS]

GDX 15 min has a pretty clean 5 wave strucure off lows

yep

[dougie]

gold hourly looks like we did a big ABC down into recent lows . this cant be a 4 as it overlaps 1