Member
Posted 30 January 2020 - 04:26 PM
I don't believe that we started new bull leg up because the previous 5 wave down is phony. It has contrived tiny wave (iv) and tiny wave (v). The "pigmen" aborted it and took it up because it was convenient to do so given market sell off. But as usual they'll come back and set it straight. Perhaps?
Edited by linrom1, 30 January 2020 - 04:26 PM.
Member
Posted 30 January 2020 - 09:27 PM
State Dept FINALLY issues Do not Travel to China as China announces 102,000 under observation and confirmed cases rising by a thousand every few hours now.
Latest update just under 10K cases confirmed. No sign of Geometric rise slowing yet...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Member
Posted 31 January 2020 - 01:39 AM
mightbe i of 5 though right? Thought 5th waves were more often extended in bull metals?
Member
Posted 31 January 2020 - 08:53 AM
mightbe i of 5 though right? Thought 5th waves were more often extended in bull metals?
right
Member
Posted 31 January 2020 - 09:55 AM
Thanks, good chart. USDJPN that moves inversely to gold is about to enter III up.
Member
Posted 31 January 2020 - 10:25 AM
Thanks, good chart. USDJPN that moves inversely to gold is about to enter III up.
Your bias.
Consolidation or Divergence, pick one.
Edited by ryanoo, 31 January 2020 - 10:27 AM.
Member
Posted 31 January 2020 - 11:30 AM
Thanks, good chart. USDJPN that moves inversely to gold is about to enter III up.
Your bias.
Consolidation or Divergence, pick one.
As long as GDX 28.60 holds, I am voting for consolidation before explosion upside.
A close above 17 on SLV would likely be the trigger on Silver.
Come on bulls...puuussshh
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 31 January 2020 - 11:58 AM
Let's see if GDX can hold this back test of 29 area...
If not, might be first sign bull may not have what it takes to get off the launch pad....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 31 January 2020 - 11:59 AM
using weakness to top off my positions. this virus will put a big damper on gdp growth. once stocks continue to the downside the powell fed has shown its hand, they will print. we were told the 60billion add by the fed was to be for a month,(sept) then would end in january , now its april. there is an election the incumbent is pointing to the stock market and saying its the strongest economy known to man! any sign of new printing and gold will be a scolded cat . this virus which began in wuhan, where the chinese experiment w/disease , some folks think it has a nefarious base. i dont know about that. i live @7000 ft .
after next week, i dont know what the catalyst will be but gold should begin its march to 1800 . this is all a stealth move w/the press and public largely not looking this way. once new highs occur later in the year, then the hoarde will head this way, just in time for a larger correction. the cap @31 gdx has been frustrating. but some of the juniors have put in stellar performances.
dharma
i read marty so i can understand what his followers are thinking in 99 he and prechter were pointing to 106 for the low in gold , which double bottomed @252 and never looked back. shawn ryan is expert in yukon.
