Jump to content



Photo

golds next leg higher


  • Please log in to reply
859 replies to this topic

#531 gannman

gannman

    Member

  • Traders-Talk User
  • 6,948 posts

Posted 02 June 2020 - 10:51 AM

@russ could that june 15 date in gld possibly be a top 

 

thanks 


feeling mellow with the yellow metal


#532 stubaby

stubaby

    Member

  • Traders-Talk User
  • 1,660 posts

Posted 02 June 2020 - 10:55 AM

 

 

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 

I have a trend on GLD for a possible low around June 15 +/- a day or two. 

 

Before we talk about "lows" how bout when/where this stuff tops "if" it does in any meaningful way. 

 

Senor

 

I think you answered your own question senor!



#533 K Wave

K Wave

    Member

  • Traders-Talk User
  • 26,864 posts

Posted 02 June 2020 - 11:12 AM

Damage in PL keeps getting worse...

 

Bearish Engulfings at the 900 day are usually not a good thing....and PL now has 2 in the last couple of weeks....assuming bulls do not stage a miraculous afternoon save....


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

 

 


#534 ryanoo

ryanoo

    Member

  • Traders-Talk User
  • 660 posts

Posted 02 June 2020 - 11:32 AM

it looks to me like the hui is doing an abc off of the top 

 

on may 20 which i believe will be over shortly fwiw

 

this would be a wave iv imo and then head up to 310 area

 

we will see

Daily looks like h&s.  Maybe w-c will complete the pattern?



#535 ryanoo

ryanoo

    Member

  • Traders-Talk User
  • 660 posts

Posted 02 June 2020 - 11:36 AM

Before we talk about "lows" how bout when/where this stuff tops "if" it does in any meaningful way. 

 

 

 

Senor

 

For miners, it looks like it happened on May 20th. 



#536 dharma

dharma

    Member

  • Traders-Talk User
  • 9,618 posts

Posted 02 June 2020 - 11:45 AM

i have been calling for a turn june 3-4 , and the 5th is a full moon.interesting pl remains the weakest and is calling the turns 

kwave is bringing that to light.  get your shopping list ready. it will deeper than a 4 , i believe its a 2 for the broad market. 

look for the fed to ride in , its going to feel  like feb/march . 

dharma

 i only see a very few corporate voices doing things to implement change. the leadership of the country is not looking at ways to resolve these racial issues. we as a country need to do better than that . i dont want to get political

here is chris rock,https://www.youtube....8CsN-2Ht80&t=9s


Edited by dharma, 02 June 2020 - 11:49 AM.


#537 gannman

gannman

    Member

  • Traders-Talk User
  • 6,948 posts

Posted 02 June 2020 - 11:56 AM

@thanks for posing that dharma i needed to laugh i love chris rock ha ha


feeling mellow with the yellow metal


#538 ryanoo

ryanoo

    Member

  • Traders-Talk User
  • 660 posts

Posted 02 June 2020 - 12:13 PM

i have been calling for a turn june 3-4 , and the 5th is a full moon.interesting pl remains the weakest and is calling the turns 

kwave is bringing that to light.  get your shopping list ready. it will deeper than a 4 , i believe its a 2 for the broad market. 

look for the fed to ride in , its going to feel  like feb/march . 

dharma

 i only see a very few corporate voices doing things to implement change. the leadership of the country is not looking at ways to resolve these racial issues. we as a country need to do better than that . i dont want to get political

here is chris rock,https://www.youtube....8CsN-2Ht80&t=9s

lol, police need be paid more so the murders by them don't happen.  trump, if any military force willingly follows his order, can try to take out these violent gangs  https://twitter.com/...587942895230976.  



#539 dougie

dougie

    Member

  • Traders-Talk User
  • 9,052 posts

Posted 02 June 2020 - 05:49 PM

it looks to me like the hui is doing an abc off of the top 

 

on may 20 which i believe will be over shortly fwiw

 

this would be a wave iv imo and then head up to 310 area

 

we will see

interesting count! THANKS



#540 gannman

gannman

    Member

  • Traders-Talk User
  • 6,948 posts

Posted 02 June 2020 - 09:08 PM

and you can look at uslv and see a nice 3 wave move up we are in a wave 4 now 

 

then a wave 5 up then a larger correction. there is a ton of money to be made in this sector over

 

the coming year


feeling mellow with the yellow metal