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golds next leg higher


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#501 gannman

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Posted 29 May 2020 - 08:19 PM

and lets say we pull back 55 on the hui to the 255 area from 310 then if the next leg 

 

was 1.6 of the first we could add 233 to the 255 to take us to the 485  area for a wave iii rally

 

its all just number but it is one possible scenario 


feeling mellow with the yellow metal


#502 dharma

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Posted 30 May 2020 - 12:21 PM

and lets say we pull back 55 on the hui to the 255 area from 310 then if the next leg 

 

was 1.6 of the first we could add 233 to the 255 to take us to the 485  area for a wave iii rally

 

its all just number but it is one possible scenario 

hadik seems to concur. 

Multiple factors have been forecasting a peak in late-May - exactly when key cycles are topping - and the onset of sharp sell-offs at two key periods during the month of June. 

Long positions in stocks, silver, metals’ stocks, etc. have been exited and several indicators are showing signs of an impending decline. 

At least one key cycle is pinpointing when sharp sell-offs are very likely.uess What?

Multiple factors have been forecasting a peak in late-May - exactly when key cycles are topping - and the onset of sharp sell-offs at two key periods during the month of June. 

Long positions in stocks, silver, metals’ stocks, etc. have been exited and several indicators are showing signs of an impending decline. 

At least one key cycle is pinpointing when sharp sell-offs are very likely.

 

june 3-4 is midpoint of venus retrograde period i believe the sell off in the broad market and pms begins soon

dharma


Edited by dharma, 30 May 2020 - 12:28 PM.


#503 K Wave

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Posted 31 May 2020 - 08:33 AM

It took until the very last day of the Month...but SI monthly chart came in with the close I was looking for.

 

si.png

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#504 K Wave

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Posted 31 May 2020 - 08:38 AM

Now, last piece of puzzle is to get PL to pop 880 next week, and finally take out that 900 (the 900 at 900!) and reclaim it for good!

 

Failure to do so could turn out to be No Bueno....do not like the 200 potentially starting to separate downside from the 900...needs to be nipped in the bud, and get that 200 turned back upside ASAP!

 

pl.png

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#505 K Wave

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Posted 31 May 2020 - 08:44 AM

Si daily on the other hand looks to on the verge of re-energizing LT bull mode, as 200 start to pull away from 900 after the reclaim...

 

There is no LT bull mode engaged until 900 MA is rising, and 200 MA is rising faster....just the physics of how it works...

 

si.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#506 K Wave

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Posted 31 May 2020 - 08:47 AM

GC a fine example of what Bull Mode looks like with IT pullbacks to 200 MA....

 

gc.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#507 K Wave

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Posted 31 May 2020 - 08:52 AM

G/S ratio perhaps important test coming up next week.

 

IF the 4 hour gets broken, then possibility of complete reversal of "The Spike" becomes much more likely.

 

A blowout move above $19 in Silver could get it done...

 

xauxag.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#508 K Wave

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Posted 31 May 2020 - 08:59 AM

And here's the hourly Gold Futures...has that Shake and Bake look to it....let's see if it materializes next week.

 

gc.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#509 dharma

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Posted 31 May 2020 - 10:51 AM

nice study kwave,  

here is the feds action https://pbs.twimg.co...ng&name=900x900

money supply growth the highest in 60 years

dharma



#510 jabat

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Posted 31 May 2020 - 11:02 AM

 

 

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