119 replies to this topic

[K Wave]

GDX coming up for back test of 29...could be moment of truth dead ahead...

[K Wave]

There's the GLD pop....

 

now we''ll see about the drop or not....

Edited by K Wave, 06 March 2020 - 01:33 PM.

[K Wave]

Impressive strength in GLD after winning the battle for 157.50...

 

May not be quite done yet done on this leg.

 

back below 157.50 would likely be the spot to give another go short...as long as it holds that, bulls still have short term ball.

 

Miners might give another lead out first.

[senorBS]

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

Its all noise and squiggles in gold/miners IMO, just shakin and bakin to get more folks out, near term 5 up and another wave 2 IMO at todays low, I am not at all getting "worked" up over this big time volatility as I have my eyes on the bigger picture which IMO is ripe for much higher prices

 

Senor

[senorBS]

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

ZZZZZZZzzzzzzzzzzzzz

 

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

 

They are still skeptical, simply IMO too much over analysis goin on, looks like another intraday tree shaking and I think next week could be up big, like what I see

 

BTW Dharma if my data feed is correct for the CRB TODAY it finally took out the Jan 2016 low (154.80 area) which was a major long term bottom. I favor this could be bottoming action as we the Fed action in this time frame sows the seeds of  transition to more "real commodity" inflation, very interesting action from CRB today

 

Senor

Edited by senorBS, 06 March 2020 - 03:38 PM.

[K Wave]

And that likely finsihed off GLD for now...

[K Wave]

definitely odd action.

 

Gold surged back up to the high while NUGT still $8 below where I sold it.

[tradesurfer]

 

 

Starting from minute 12:00 he saying gold silver ratio could go to 138 and silver to 9 dollars

Edited by tradesurfer, 06 March 2020 - 11:05 PM.

[senorBS]

 

 

Starting from minute 12:00 he saying gold silver ratio could go to 138 and silver to 9 dollars

I won't waste my time, anybody can say anything

 

Senor

[gannman]

the next fib hourly turn on gold would be late thursday afternoon

 

say about 3 pm.  what i would like to see is a pullback into that time period

 

so we could say we completed an abc into that time frame . i have no clue 

 

what it is going to do just putting that out there as a time frame to watch for gld