119 replies to this topic

[K Wave]

Back below 29 on GDX was bad, but below $28 today would be catastrophic to the short term.

[K Wave]

1640-50 zone critical for GC...

 

Below that, and rapid rupture very possible....

[K Wave]

GLD 1 min 900 battle raging right now...

 

If bulls lose it....LOB

[K Wave]

GLD holding thus far....IF still long, would use a breach of 155 as a stop now.

 

Let's see how how far bulls get with the bounce....

[dharma]

turn right on schedule , i have been saying the 6-9 if you are swing trading its a feast. if you are holding positions its a yawn

i liked the fact that we corrected had another 5 wave advance. in gold , and the miners.  and now we are correcting that . the fed meets later this month  i dont think this correction lasts long.  well dharma look at silver ! it is lagging . 96:1 ratio to gold .  my take on that is simple silver offers little to nothing in this environment. it becomes a monetary metal when there is inflation/stagflation.  we will see that rise later in the year.  (i hold very little @ this point in the way of silver and silver miners. that comes later) @present we are in deflation/disinflation.   well then what about platinum? ok  the pgm sector has soared it has gone parabolic except for platinum . @ present i believe platinums woes are due to manufacturing being dormant in china. today is a different day

 

these 2 charts caught my eye. dow/gdx starting to move in favor of gdx https://gracelandupd...mar6riders1.png

this is a giant base in gdx https://gracelandupd...20mar6star1.jpg from here syscrappers are built  i look for that to happen later this year

dharma

[dougie]

what was the apparent trigger for massive vol sell off in gold?

[dharma]

senor it took a few days tor folks to catch on to your V . and when they did , it was from the vantage of skepticism!

hmmm

dharma

commerzbank is free fallin

https://www.youtube....h?v=1lWJXDG2i0A

Edited by dharma, 06 March 2020 - 12:25 PM.

[dougie]

well the V is not certain here by any means is it. the waterfall delines on volume ...

[dougie]

but Look at platinum...

one wonders if hte boys are not running stops ...something smells

[K Wave]

DUST consolidating in what looks like bull flag above 1 min 900.

 

Might want to move GLD stops up to last pivot low at 156.40 now.

 

Maybe a little fake intraday breakout up towards 157.50 before next wave down begins?

Edited by K Wave, 06 March 2020 - 01:22 PM.