SLV right at the trendline one more time....
golds next leg higher
Started by
dharma
, Mar 18 2020 11:33 AM
859 replies to this topic
#821
K Wave
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Posted 26 June 2020 - 12:08 PM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#822
senorBS
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Posted 26 June 2020 - 12:11 PM
OK dip buyers are beginning to convince me bears may not have anything left...
Bears have IMO used a lot of AMMO lately and so far have little to show for it, do they have any left is my Q? or do the Bulls bring in the heavy artillery?
Senor
#823
K Wave
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Posted 26 June 2020 - 12:22 PM
AGQ looking like a Dip N Go off the hourly 900....
MAYBE.....we are finally done with this consolidation area...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#824
gannman
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Posted 26 June 2020 - 12:23 PM
this thing is ready to go a LOT higher imho
feeling mellow with the yellow metal
#825
K Wave
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Posted 26 June 2020 - 12:31 PM
SLV right at the trendline one more time....
Aaaaaannndd...immediately rejected...again
Now we see if SLV 16.60 holds on back test....
Probably huge decision about to be made....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#826
dougie
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Posted 26 June 2020 - 01:42 PM
we are running out of time here on the weeklies
#827
senorBS
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Posted 26 June 2020 - 02:29 PM
we are running out of time here on the weeklies
Maybe its a bad sign but I am not stressed about gold/miners, with Covid reinvigorated and the economy a disaster what else can the Fed/gvt do but print and maybe do another stimulus bill and IMO that's simply bullish for the metals for a long while IMO, and whatever one thinks of Trumpy he's staggering badly and to me seemingly incompetent and Dems may win - uncertainty and those prospects probably also metals bullish. And I like the technical and what I believe has been so far a very high level consolidation, we see
Senor
#828
tradesurfer
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Posted 26 June 2020 - 02:38 PM
At first I thought a broad market selloff would take the GDX down hard again like we saw in Feb March... but now it starting to look like GDX will blast higher on stock market weakness, the opposite of what happened before.
#829
senorBS
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Posted 26 June 2020 - 02:43 PM
At first I thought a broad market selloff would take the GDX down hard again like we saw in Feb March... but now it starting to look like GDX will blast higher on stock market weakness, the opposite of what happened before.
take a look at some of the miner/Dow or S&P ratio charts - IMO looks potentially explosive
Senor
#830
dharma
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Posted 26 June 2020 - 03:39 PM
gold closed 1770 , 1773 is the end of the cycle.(which so far has been a brick wall) next cycle is 1793 breaking into that cycle , would be a sign of strength and indicate higher #s
looks good i had 2 steeds today . adding to this new miner. hopefully it turns out to be a stud
love all the worry.
dharma
Edited by dharma, 26 June 2020 - 03:42 PM.
