859 replies to this topic

[dougie]

can anyne count 5 waves down in GDX 5 min chart off 23rd ? or is it just a3 3 5

Edited by dougie, 25 June 2020 - 05:38 PM.

[dougie]

"to the extent that the inflation response lags, and the Federal Reserve maintains its extraordinarily accommodative monetary-policy stance, the bulk of the concession should occur through the currency rather than interest rates. Hence, I foresee a 35% drop in the broad dollar index over the next 2-3 years."

https://www.project-...s-roach-2020-06

[K Wave]

Starting to look like Silver may have had it s last gasp after yet another failure at $18

 

If SLV comes under 16.40 again, bears likely have the ball for a while....

 

 

And GLD continues to slip after 166 gave way....

 

Will not play SLV for a long until it clears 16.60 or from possibly much lower prices.

 

 

17.75 on SI looks like it is bulls last stand.....

Edited by K Wave, 26 June 2020 - 09:02 AM.

[Smithy]

Plat seems to be chomping at the bit, might wait til early next week, dollar strong today.

[senorBS]

keep shakin that tree BABY! I really like from a bullish perspective how they keep trying to take it down but miners/gold/silver keep comin back! gotta wonder IF we may be finally reaching a point where gold/miners separate from general stock mkt? we see

 

Senor

[gannman]

that is exactly what i am thinking senor this action is very good 

 

lets see how we close

[senorBS]

Love golds count from the highs: A down then a B wave contracting tri followed by this mornings likely wave C down thrust quickly ending and reversing sharply higher as it should - should now rally to new highs

 

Senor

[dharma]

agree w/senor and gannman. love the action. pushed it below 1750 and now positive on the day.  looked like we were going 

to break 1750 support and roared back. 

on the 29 jupiter retros back into sagittarius . fanaticism will prevail i look for protests.  the sides in our country have become so taut 

anything can trigger a revolt. the highest dsi =silver @84   gold =82 elevated but not an alert

i am on the buy , not sure i will play it yet, i am building a position in a miner. that i have researched.  about 1/2way there. 

dharma

the highest quarterly close was 1774 so we see whats in store here

[linrom1]

Commodities look like deflation.

[K Wave]

OK dip buyers are beginning to convince me bears may not have anything left...

Edited by K Wave, 26 June 2020 - 12:07 PM.