119 replies to this topic

[gannman]

https://www.kitco.co...or-4Q-2019.html

 

franco nevada has awesome results fwiw

[linrom1]

 

This thing is going to crash!

[linrom1]

 

If this is an ABC correction where A=C, we could be looking at silver at $15. On the other hand, this could be wave (v), so it won't go lower that much.

[K Wave]

Miners and price are diverging, something is up. Are they pricing in a rate cut?

They are already way behind the market on the rate cut...10 year is a full point under Fed Funds...

Edited by K Wave, 10 March 2020 - 12:02 PM.

[gannman]

https://www.zerohedg...uidity-fed-repo

[K Wave]

After getting the bounce after the drop to the 15 min 900, GC has now reversed at back test of 5 min 900.

 

GC MUST now hold 1640, or it will get ugly.

 

Back above 1670, and bulls still in biz for a while.

 

A lot of it may depend on whether Dow holds this back test of the low area or not.

If it does, then fear premium likely to start coming out of Gold for a bit.

[K Wave]

Sustained trading back below 1660 now would likely be first early warning that bulls could be in trouble....

[gannman]

above 30 on nugt i will dip my toe into the water not before

[linrom1]

Same future that confounds the energy market, will confound the gold industry. Many will go bust.

[K Wave]

The  backtest failure on the underside of the now rolling over 15 min 900 looks quite ugly....

 

Hope longs using some sort of protection, as Gold could now be crashing by morning....

Edited by K Wave, 11 March 2020 - 09:12 PM.