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Gold and Silver March high coming

gold and silver march 2020 hi

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#11 senorBS

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Posted 23 December 2019 - 03:52 PM

my account is about to make new highs for the move. i look for novo to bust out of its base. 

some weeks back i read where sprott was sniffing around balmf. i bought it below .11 it is now .33  it is in Ontario so i like its location and it seems to have some good drill holes and sprott has either or is going to take a position w/some funding. note on sprott = he has busted out of his corporate restraints as he resigned as ceo of sprott resources so he can do investments on his own . the billionaire is astute in the sector. so take heed

smithy its cycle work. the march/april time frame looks to be  the time for the next multi month top in the pm complex. i am quite bullish

if you look at a chart of gdx, which imo is not the best mining index goau is . when we bust 26 we could run right to 50. that could happen over the next few months. my targets and projections for gold i am putting on a back burner. this new base preparing for the 1560 breakout has attracted investors.  the mining indexes are at 70 year lows. so if one is on the prowl as to which sector is undervalued , then the buck stops here.during this time miners have cut fat from the bone , become more economical to run. it is a small cap sector when money comes in the door isnt wide enough. hope that helps smithy. also russ does his own work. , as you know from being here. when he makes projections it is unique to his work, so you can bet there is something there of substance. this board has a unique collection of players. all w/a specialty, all have survived for a duration that says alot to me.  this is not an easy game.   i  tend to speculate on the juniors.  its where big leverage can be used  and yet there is no leverage per SE  being used.  you have to be willing to have some losers which wipe out.  and some 10 baggers and more.  not for the faint of heart

we really havent started rolling yet. when it becomes apparent that inflation is introduced into the game then institutional money will come into the sector in a big way.then the miners go from hated to loved. the metrics for valuation change.  there are many miners even now that are at ridiculous valuations.  i  like bob moriarity of 321gold.com  he has skin in the game ,   i read what he writes and his interviews to help w/my research sometimes he introduces me to new stuff and sometimes he confirms what i am thinking

gannman  is astute the things he has said about this wave are not out of the blue . they are textbook elliott. about wave 3s 

fasten your seat belt the ride is about to begin. 

dharma

https://thedailygold...chart-to-watch/

Interesting you said "my account is about to make new highs for the move" as my accts made new highs for the yr as well today - been a very good yr with over 40% gains and I think next yr could easily be better. Gracias to all who contribute here

 

Senor



#12 johngeorge

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Posted 24 December 2019 - 12:14 PM

dharma, on 21 Dec 2019 - 2:49 PM, said:snapback.png

 

my account is about to make new highs for the move. i look for novo to bust out of its base. 

some weeks back i read where sprott was sniffing around balmf. i bought it below .11 it is now .33  it is in Ontario so i like its location and it seems to have some good drill holes and sprott has either or is going to take a position w/some funding. note on sprott = he has busted out of his corporate restraints as he resigned as ceo of sprott resources so he can do investments on his own . the billionaire is astute in the sector. so take heed

 

https://www.sprottmo...er-20-2019.html

 

 

 

 

 


Peace
johngeorge

#13 linrom1

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Posted 31 December 2019 - 03:22 PM

Everything is turning green except silver....either silver starts going up or some of those high flying silver stocks are going to take an epic dump.



#14 Russ

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Posted 31 December 2019 - 06:15 PM

Everything is turning green except silver....either silver starts going up or some of those high flying silver stocks are going to take an epic dump.

SIlver broke out of it's bull flag just as Gold did,  21 should be next by March. 


"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



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#15 ryanoo

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Posted 31 December 2019 - 06:53 PM

3rd wk of March seems a good week with Bradley major (17th) and equinox (19th).

By the time gold is in a full bull run, silver has the better potential.



#16 Russ

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Posted 31 December 2019 - 07:42 PM

3rd wk of March seems a good week with Bradley major (17th) and equinox (19th).

By the time gold is in a full bull run, silver has the better potential.

Yes, that is what it is looking like at this time,  a mid March high, but the time should become clearer as we get closer to that date. 


"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/

#17 ryanoo

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Posted 01 January 2020 - 04:51 PM

FED Repo is bigger than during the Y2K and 2008 Fin Crisis. 

They have to pull back sometime and when they do, it will have consequences in the stock market.  

How will it affect gold?

DashFedRepo122619.png

https://www.biancore...h.com/182754-2/



#18 tradesurfer

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Posted 01 January 2020 - 09:02 PM

 

 

How will it affect gold?

 

 

Well if Fed loses control of the Repo rates and we see a sudden and sharp rise in interest rates then that should lead to a 'liquidity event' right ?

 

So then that would mean gold gets sold off like everything else. Only the dollar would go up in that scenario I guess.

 

Bonds down. 

 

Rates up.

 

Dollar up

 

Gold down

 

stock market down

 

bitcoin down


Edited by tradesurfer, 01 January 2020 - 09:03 PM.


#19 tradesurfer

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Posted 01 January 2020 - 10:42 PM

Now that we have the YEARLY price bars done with gold price the important question is how much percent DRAW DOWN will occur on a yearly basis from 2019's closing price.????

 

This drawdown if it occurs would create a yearly bottoming candlestick tail.

 

In the bull market from 2002 to 2011 in gold price, so 9 yearly candlesticks, only one of the years had almost no yearly draw down or bottoming tail.

 

2003  -8%
 
2004  -10%
 
2005  -6%
 
2006  -about half of a percent
 
2007  -5%
 
2008  -17%
 
2009  -8.8%
 
2010 - about 5%
 
2011 - 7.7%
 
 
So the question for 2020 is WILL there be a yearly bottoming tail draw down and of what magnitude and WHEN ?????
 
If we look at 2003 to 2011 only one of the years had almost no bottoming tail.
 
Honestly I prefer to get this bottoming tail NOW in the early part of the year and get it over with.  The average would be maybe 5% draw down and maybe worst case 10% draw down.
 
A 10% drawdown would take us to 1362, which would be a backtest of multi year breakout level.
 
Lets get this draw down over with NOW !   I am all for gold moving into a March high straight away, that would be great, and then maybe that would mean that there is 0% draw down from the 2019 closing price.  I guess that possible too.  But that only occurred 1 out of 9 times in the previous bull leg.


#20 tradesurfer

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Posted 01 January 2020 - 11:31 PM

a little potpourri here guys... :

 

Gld  bearish bat and completed ABCD

 

49313510968_dfcb097fdf_o.png

 

 

 

SLV bearish shark

 

49314215642_03cb3d8000_o.png

 

 

 

GDXJ  double top or adam and eve top ??

 

49314009126_8a1e006d4f_o.png