Member
Posted 13 March 2020 - 10:08 AM
Donc, I think McClellan has it wrong. He's based his analysis on mostly bear market action and we're in a bull. His 13.5 month cycle trough (which he doesn't show) is due April 8th. I think that is good and may prove to be the general area of a low, give or take a few weeks.
Smithy..i hear you...i.m open to either take..very wild action..donc
Member
Posted 13 March 2020 - 10:09 AM
( not gold but relevany i think..longer term possibilities for SPX0..15 min)
donc
Member
Posted 13 March 2020 - 10:11 AM
If silver can finally retest $15, there is going to be a good chance that'll rebound. This market is a total racket. The last pivots were $19 down to $15: that's $4. They're not going to $13 because that's only $2 more. They're going to take up it to $17 and then ram it down.
Edited by linrom1, 13 March 2020 - 10:20 AM.
Member
Posted 13 March 2020 - 10:54 AM
JNUG may getting close to being a trade on the long side, after drop from 100 to............................7
Edited by K Wave, 13 March 2020 - 10:55 AM.
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 13 March 2020 - 01:08 PM
Wow silver.....weekly totally broken now...
Who knows how long this bear leg might last...
PL takes out the 2009 lows....I did have an an outstanding bear market target of around 575-675 zone that I thought a few weeks ago might be aborted...but now, suddenly not that far away...
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 13 March 2020 - 01:39 PM
A decade down the drain!
Member
Posted 13 March 2020 - 02:57 PM
I think we're finally entering the period where price leads producers. Price does not care about cost, nationalization etc, it reflects it.
Member
Posted 13 March 2020 - 02:59 PM
JNUG 3....
that has to be about the biggest fastest wipeout I have ever seen.
Panic selling on GDXJ into close. May be getting a bit overdone short term...but aint buying anything until at least Monday.
Edited by K Wave, 13 March 2020 - 02:59 PM.
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 13 March 2020 - 03:05 PM
The market is re-pricing gold miners based on $1,000 gold.
Member
Posted 14 March 2020 - 07:59 PM
Quite a ride, maybe gold stocks keep going down into june...
