1292 replies to this topic

[gannman]

the nice thing about this is there is no need to do anything. once it breaks above 

 

overhead resistance we are going up strongly. until then watching is a good idea

 

let the market tell us what it wants to do 

[gannman]

lot of good stuff going on with time segmented volume in this sector

 

this is bullish we will see if it continues i will keep you posted 

[senorBS]

so far not impressed with upside patterns and the generals like Gold/KL/NEM IMO not trading that well and we've seen no significant move up in the Miner/gold ratios, am content to be 100% cash

 

Senor

[dharma]

for me its all background noise untill 1954 is taken out on a closing basis. 1954 starts the next higher price cycle.  1933 ends 

this price cycle , it ended the rally in 11 so it is powerful.  the patterns on gold mining indexes look great.  waiting for the catalyst.

its been 2 months since there has been price discovery.   remember bulls want to take as few riders as possible

dharma

golden week ends tomorrow. remember its after golden week ends that gold has gone higher

Edited by dharma, 06 October 2020 - 09:57 AM.

[dougie]

so far not impressed with upside patterns and the generals like Gold/KL/NEM IMO not trading that well and we've seen no significant move up in the Miner/gold ratios, am content to be 100% cash

 

Senor

are you  100% cash even in LT accounts?

I never go below a certain percent long in PMs

[senorBS]

 

so far not impressed with upside patterns and the generals like Gold/KL/NEM IMO not trading that well and we've seen no significant move up in the Miner/gold ratios, am content to be 100% cash

 

Senor

are you  100% cash even in LT accounts?

I never go below a certain percent long in PMs

 

Yep, no positions in any mkt, sorta nice and relaxing. lets see if the plunge in miners/stock mkt (Trump says no stimulus before election) leads to new lows below 9/24 bottoms, sorta looks like that is likely at this time IMO

 

and what "could" be scary Dougie is "if" we take out 9/24 lows do we enter wave 3 of C basis daily charts? cash is bueno for this amigo

 

Senor

Edited by senorBS, 06 October 2020 - 02:20 PM.

[dougie]

oh i have been seeing GOLD mid 1700s for some time

[senorBS]

oh i have been seeing GOLD mid 1700s for some time

might happen, that would likely be a "come to papa" situation, would LOVE to see it, patience here and as I said things could get UGLY going into election

 

Senor

[Russ]

 

oh i have been seeing GOLD mid 1700s for some time

might happen, that would likely be a "come to papa" situation, would LOVE to see it, patience here and as I said things could get UGLY going into election

 

Senor

 

Gold bounced right off the downtrend line and the 2011 high (turquoise line) , this trend is confirmed and gold should bottom in late November, possibly even down into the 1600's. Dollar index has trends for high into Nov. which is further confirmation that gold will keep going down into Nov.   

[gannman]

this is perfect here when gdx trades above 40.1 the correction is over 

 

so we will see if it can do it but the setup is perfect imho