Jump to content



Photo

wave 3


  • Please log in to reply
100 replies to this topic

#21 K Wave

K Wave

    Member

  • Traders-Talk User
  • 3,635 posts

Posted 03 December 2019 - 09:30 AM

GDXJ trading over 39 on the open.

 

Hopefully, this is the "Gentlemen, Start Your Engines" moment...



#22 Russ

Russ

    Member

  • Traders-Talk User
  • 5,753 posts

Posted 03 December 2019 - 09:35 AM

Breaking out! Let er' rip.... 


"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
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#23 Russ

Russ

    Member

  • Traders-Talk User
  • 5,753 posts

Posted 03 December 2019 - 09:38 AM

Dust is toast... 


"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
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#24 senorBS

senorBS

    Member

  • TT Member+
  • 9,019 posts

Posted 03 December 2019 - 09:45 AM

Dharma, bueno timing on when you started this thread!!!yes.gif yes.gif yes.gif So far looks. acts, "smells" like a gap n go wave 3, 

 

Senor



#25 K Wave

K Wave

    Member

  • Traders-Talk User
  • 3,635 posts

Posted 03 December 2019 - 09:46 AM

Would love to see close over 140 on GLD today...

 

In the mean time, we can admire the beauty of the hourly 900 action on the GLD chart.. (SLV pretty much the same)

gld.png

 

 



#26 Russ

Russ

    Member

  • Traders-Talk User
  • 5,753 posts

Posted 03 December 2019 - 09:49 AM

Gold still has a resistance zone at 1480-85 area (hourly 900)

But methinks GDXJ is telling us it will likely be reclaimed by bulls in the not too distance future...

 

GC futs 4 hour is now back on full buy signal as well, but could be a battle for a bit in the 1480-85 zone...

1500 area is the major resistance, where the 75 day moving average is, while your 900 ma is providing big support way down there. (gold line). 


"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
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#27 K Wave

K Wave

    Member

  • Traders-Talk User
  • 3,635 posts

Posted 03 December 2019 - 09:49 AM

Once GDXJ closes over 39.50, the bears are toast...should be pretty much relentless drive upwards for a while....

 

Any sharp, but brief, dips should used as opportunites to add...



#28 K Wave

K Wave

    Member

  • Traders-Talk User
  • 3,635 posts

Posted 03 December 2019 - 09:52 AM

 

Gold still has a resistance zone at 1480-85 area (hourly 900)

But methinks GDXJ is telling us it will likely be reclaimed by bulls in the not too distance future...

 

GC futs 4 hour is now back on full buy signal as well, but could be a battle for a bit in the 1480-85 zone...

1500 area is the major resistance, where the 75 day moving average is, while your 900 ma is providing big support way down there. (gold line). 

 

 

 

The relative strength on Gold is almost astounding compared with Silver and Platinum.

So Gold likely to be the lead pack dog for some time to come....

 

But picking up Silver down here could turn out to be the better long term investment when it finally catches up in the manic later stages of the coming 2020's Bull Run.



#29 senorBS

senorBS

    Member

  • TT Member+
  • 9,019 posts

Posted 03 December 2019 - 10:05 AM

 

 

Gold still has a resistance zone at 1480-85 area (hourly 900)

But methinks GDXJ is telling us it will likely be reclaimed by bulls in the not too distance future...

 

GC futs 4 hour is now back on full buy signal as well, but could be a battle for a bit in the 1480-85 zone...

1500 area is the major resistance, where the 75 day moving average is, while your 900 ma is providing big support way down there. (gold line). 

 

 

 

The relative strength on Gold is almost astounding compared with Silver and Platinum.

So Gold likely to be the lead pack dog for some time to come....

 

But picking up Silver down here could turn out to be the better long term investment when it finally catches up in the manic later stages of the coming 2020's Bull Run.

 

 

Yep, I just came  in to post I added a very aggressive silver trading position with a tight stop as I think it can and should play catch up very rapidly, we see and as always DYODD

 

Senor


Edited by senorBS, 03 December 2019 - 10:07 AM.


#30 linrom1

linrom1

    Member

  • Traders-Talk User
  • 1,001 posts

Posted 03 December 2019 - 10:48 AM

It's beginning to feel like 2007. Silver did crash with the market, but it bottomed 5-6 months before the market did and of course it then began to rise.

 

I also suspect that GDX might start to correct here since it rallied in 5 waves up in a corrective move.