1289 replies to this topic

[dharma]

yesterdays dsi=90 today =84dsi   lofty #s

i have bids in 

fed soon

dharma

[dougie]

i posted the this @88 the other day, this to me is a warning. we are now in correction here. i put in stink bids, as i continue to think that this week and possibly next week will be down weeks. 

by the planets i dont think the corona virus will be a pandemic. but it will flame out .we shall see

dalio is a very smart successful guy. he makes his money by trading , not by selling information

you have to look behind the curtain

here is the captains wave count. http://www.321gold.c...wave012920.html

dharma

i think the fed lowers by june 

nice charting in that link imo

[dougie]

very interesting juncture right here

[Russ]

Gold is at the apex of the wedge, it should break out soon. I don't think it's going back down, it just broke above last summer's high and it is projecting a high for the March solstice. 

[dougie]

why the divergence in Silver here though? not typically bullish that

[crossd]

why the divergence in Silver here though? not typically bullish that

..might be silver as industrial metal worried about recession coming..copper lately selling off too..watch 2/1 the ISM manuf reading..last 2 months

below 50 indicating contracting economy..(here..US)..a third reading worse might spook stocks and PM's

 

donc

[K Wave]

Anyone else have all kinds of issues getting the board last few days?

 

In any event. liking the U-turn action in metals here.

I think if we get a close over 17 on SLV, the bull will begin to roam free.

 

May be a few more days of chop first...

[Smithy]

Yeah the board's been down. Senor's SLV analysis is shining...

[linrom1]

I think silver had two manipulated  X waves that people are taking as impulsive waves, RSI ranged from 10-80% with no trading taking place, some entities moved it in the direction that they wanted. That kind of volatility presages crashes.

Edited by linrom1, 30 January 2020 - 11:22 AM.

[K Wave]

28.60 still the key level to watch on GDX here shorter term.

 

Dipped below on the whoosh down, then banged head on it, then punched back through, then bask tested it, and pushed up.

 

As long 28.60 pivot holds now, bulls have a decent shot at blowing the roof off soon.

 

But if it again comes below, then more sustained corrective activity may be lurking...

 

That spike on the open on the 27th is the bull mission. Take that out, and it should be over for the bears longer term.

Edited by K Wave, 30 January 2020 - 11:28 AM.