859 replies to this topic

[AChartist]

Daily silver cycle is low in 6 days.

There is a strong cycle high can hold it together for 2-3 more days 

so figure high in 3 days (T-Weds) sharp drop at 5-6 days (Th-Fri).

 

So I'll hold off my attempt at AGQ, SIL, SILJ long calls until next Thu.

I would be looking then at end of Jun expiration. I can put some more in 401k gold funds 

next Thu.

 

Then the strong weekly cycle could work for a few 5-6 weeks from now.

 

The next daily cycle peak is 25 trading days,6-26 mark you calendars.

That could be a best short term step out point close enough to align with 

the next weekly high.

Edited by AChartist, 22 May 2020 - 08:26 AM.

[Smithy]

Tim, thanks for providing dates 

[K Wave]

GC still in battle zone between 15 min 900 at 1730 and 5 min 900 at 1740...

 

Whichever falls first.... 1730, or 1740 may be the new direction soon...this does look like it could be a significant pivot

[dharma]

dsi

gold=79

silver =84

platinum=75

crude =79  i am going to include crude, it is significant in many ways and moved in tandem in the 70s bull

thanks for the update senor, i am in dba w/a starter position. and watching. . would love to hear about your car deal i am going to 

get a new car.  so you said 20% below msrp  what make and model? thanks anything you want to share will be appreciated if you prefer privacy you can pm me

today is the new moon . so something new. barrick has not been given renewal on its lease on its new guinea mine , one of the best most prolific mines in the world . location of your mines is key. @ present i dont venture beyond, usa, canada , mexico , and australia. i expect nationalizations of all kinds of raw materials to take place. governments are going to be starved for revenue streams 

weak demand season.  i  will  not do anything at this time. rumblings on some european banks. there is a saying , "where there is 

smoke there is fire"

we are witnessing the destruction of fiat. no matter what color or how pretty,  the powers that be are debasing/

dharma

[Smithy]

dharma, the Porgera mine in New Guinea will attract terrorists, as the Panguna Mine (on Bougainville, where I once worked as a geologist) did and that mine was closed. The terrorists (nationalists) want the money the miner is making and are opposed to the pollution (tailings). Hard to see Porgera succeeding no matter what the Court rules.

Edited by Smithy, 22 May 2020 - 11:47 AM.

[K Wave]

GLD may be nearing the end of the wedgie... not sure if decision will be made today, or they can drag it out until over the weekend...

[senorBS]

dharma, the Porgera mine in New Guinea will attract terrorists, as the Panguna Mine (on Bougainville, where I once worked as a geologist) did and that mine was closed. The terrorists (nationalists) want the money the miner is making and are opposed to the pollution (tailings). Hard to see Porgera succeeding no matter what the Court rules.

I am really trying to stay away from companies with mines in unstable place which encompasses a lot of miners. Canada/U.S./Aus are my preferred locales

 

Senor

[K Wave]

GC getting precariously close to the verge of synchronous rollover tonight....

 

if 1730 gives way for any length of time, the cascade downward might begin...

 

Back above 1738, and bulls might stave off the short term disaster...

 

Could see 1660 or so relatively quickly if bears break it open here....

Edited by K Wave, 24 May 2020 - 07:19 PM.

[Smithy]

Yeah, I'm with you. The gold COT small spec bulls % long is 73.6%, the highest in 7 years.

Also gold open interest jumped by 6.3%. Early warnings.

[K Wave]

Silver still holding up fairly well...but thus far unable to punch through $18.

 

Gold meanwhile appears to be losing key swing pivots...

 

Silver really needs to clear $18 by month end, or it may not have the juice to firmly re-enter bull territory....

 

Back below 17.50 again, and may start to see rollover there as well.