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#1271 Russ

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Posted 12 March 2020 - 04:07 PM

I predicted this market sell off last December, it should find a near term low around April 3 +/- a couple of days, but NYSE has trends for a bigger low in 2021 which implies this is the start of a recession and of course it started right on Mr A's Pi Cycle.  


Edited by Russ, 12 March 2020 - 04:09 PM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
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#1272 dharma

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Posted 13 March 2020 - 10:52 AM

not today, but its still a falling knife.   i am peeking out of my fox hole  this is a reality https://pbs.twimg.co...jpg&name=medium

i think we are in a deflationary environment so silver and miners are not performing well

the feds balance sheet keeps expanding ,usually gold follows that closely , tere is a lag  right now

hourly divergences on silver  i want to see daily divergences. on this low i am going to  buy silver

dsi =61  needs to be lower the 95 reading was  the warning for me . 

next up the fed next week

dharma



#1273 dharma

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Posted 14 March 2020 - 11:34 AM

i just want to point out 2 charts i am following 

 

silver

https://pbs.twimg.co...=png&name=large

gold the 1970s fractal

http://cdn.ceo.ca.s3...actal CHECK.jpg

 

what i believe we are seeing is the banksters getting long and getting long the miners. 

dharma



#1274 K Wave

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Posted 14 March 2020 - 12:46 PM

i just want to point out 2 charts i am following 

 

silver

https://pbs.twimg.co...=png&name=large

gold the 1970s fractal

http://cdn.ceo.ca.s3...actal CHECK.jpg

 

what i believe we are seeing is the banksters getting long and getting long the miners. 

dharma

May not have to wait long to find out...

 

A weekly close below $14 on Silver would be pretty devastating to bull case here. Could imply move down to $7.50-9 range over coming years.

PL already broken through 800

 

So let's see if bulls can stop the damage very soon or not....



#1275 K Wave

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Posted 14 March 2020 - 01:16 PM

I cannot state strongly enough how potentially damaging last few weeks action on Silver was.

 

After a dip below the weekly 900, to long term support at $14, a long drawn out battle was waged to finally reclaim it, and then it was back tested, and Silver looked poised to begin a bull run.

But that was all DESTROYED over last few weeks.

This now looks like a classic breakout/fakeout attempt and then complete breakdown that most likely leads to an extended decline.

200 week MA now about to turn down through the 900, as Momo goes through zero line downside.

Has the earmarks of a decline just beginning, not ending...

 

16.50 is now likely to be extreme resistance...IF...Silver even back tests it.

The 70s run in Silver did not see anything like this action

 

siweek.png

 

Another chart worth watching over next few weeks is Copper.

 

BIg Ol' Hangin' Turd formation below the weekly 900/200.

 

If it drops into the bowl with big swoop down towards 2 over next few weeks, or worse yet, below 2....will start to look like PL is leading again...

Only a massive green candle back over $2.75 could save things here.

 

Odds are a big candle dead ahead in any event.

 

cop.png


Edited by K Wave, 14 March 2020 - 01:18 PM.


#1276 Smithy

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Posted 14 March 2020 - 07:46 PM

Thanks Kwave, thought provoking stuff.



#1277 tradesurfer

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Posted 15 March 2020 - 09:08 PM

If $9 silver is in the cards again, then that means potentially many junior miners will go BUST.  Or dilute madly to survive.



#1278 dougie

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Posted 15 March 2020 - 11:23 PM

i just want to point out 2 charts i am following 

 

silver

https://pbs.twimg.co...=png&name=large

gold the 1970s fractal

http://cdn.ceo.ca.s3...actal CHECK.jpg

 

what i believe we are seeing is the banksters getting long and getting long the miners. 

dharma

i a thinking down into mid late april. anyone else see that time frame. then we bounce in gold. Silver?

Not sure.

We should have a bounce tis week sometime too. fake one



#1279 tradesurfer

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Posted 16 March 2020 - 01:02 AM

What a joke that sdbullion.com is still selling 1 ounce silver eagle for 20 dollars... what a scam.  I bet they will still sell them for 20 if silver is at 10 bucks



#1280 K Wave

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Posted 16 March 2020 - 08:40 AM

I cannot state strongly enough how potentially damaging last few weeks action on Silver was.

 

Like I said.....

 

PL just hit my longer term bear zone....CRAZY STUFF