1289 replies to this topic

[linrom1]

 

No surprise here. WXY or ABC flat bottom. But silver needs to get a move here.

[linrom1]

 

This is a laggard but close that gap.

[dougie]

 

This is a laggard but close that gap.

not sure i follow you here? I am seeing a possible bottom. You?

[linrom1]

 

 

This is a laggard but close that gap.

not sure i follow you here? I am seeing a possible bottom. You?

 

Yes me too, definitely 5 waves down, but unlike its peers like WPM, PAAS and SLIJ this one is encountering lots of selling and resistance?
 

[dharma]

still have this weekend turn and next week is chinese new years and they are on holiday all week, chinese markets closed.  which the up year last year was an anomaly. i am on the buy , miners have a long leash w/their relationship to  the the pms. S/african miners on strike , (you gotta be blind to invest there) most of the worlds platinum is mined in s/africa  and the saudi backed yemens are under siege from the iranian backed  commandos. such is the world. and all the while there is a repo market problem w/the fed printing and its balance sheet going to the moon.  i dont trade so the wiggles have little concern. my account was back at the highs on friday. 

eric pomboy came out w/a 250 page book on charts of the pm sector  here is a sampling https://www.google.c...biw=911&bih=417

my contrary indicator is bearish 

dharma

 

https://gracelandupd...0jan21gold2.png

Edited by dharma, 21 January 2020 - 11:19 AM.

[linrom1]

 

Silver needs to move beyond 17.90!

[linrom1]

If an ABC is complete, it can't go any lower. The cycle is supposed be complete!

[K Wave]

we may not make it to 17.50 on SI.

 

recovery on miners happened faster than expected, and seems to holding thus far....

 

A push up from here towards 43 on GDXJ, would likely mean it is only a matter of time until 43 is finally taken out, after perhaps another pause around that level

If that happens, next move up could be pretty big and fast.

Edited by K Wave, 21 January 2020 - 02:06 PM.

[K Wave]

GDX 5 min chart now back into beginning bull mode with 200 crossing back up over 900.

 

once 5min 900 turns upwards again, will be back into fully synchronous bull mode again...with all time frames with rising 200 over rising 900

 

28.60 looks like the key short term pivot zone now.

Edited by K Wave, 21 January 2020 - 02:24 PM.

[dharma]

golds dsi remains high =81 obviously not as elevated as the stock market which has a string of 90 days

dharma