1292 replies to this topic

[dharma]

 

hadik has/had oct 26 for a low @1810  gold.  he has a # which invalidates the potential downside risk.  i am just following my game plan. 

gannman- 2350   possibly 2500  your 2700 is quite aggressive but i will take it the price of miners is still a low valuation so the best buy is miners. https://static.seekingalpha.com/uploads/2020/10/6/684028-16020121109316127.png  i have a very aggressive portfolio of juniors

hi stu, yes, the ratio is coming in which at this point is a good sign. i am watching palladium ,which was quite low price wise for a long time, i believe at some point in the future all the pms will be in short supply. not just palladium @that point the g/silver ratio should come   way in and that will be the time to kiss silver  good bye. no cb  holds silver it will all be speculators the exit door will not be wide enough    just a heads up

dharma

Eric Hadik was looking for a low late sept to early Oct. so how is another low going to form Oct 26? Gold looks to be breaking out now after testing the year 2011 high, seen on the chart below with the turquoise line being the 2011 high.  Gold should go much higher now with the triangle base projecting upwards. 

 

"Gold Intermediate low on Sept. 25 - Oct. 2 -

 

Gold was expected to set three more multi

-month peaks - with the third likely being the ultimate

high. Those were forecast to occur in 1Q ‘20 (March

‘20), 3Q ‘20 (Aug./Sept.) and 2Q ‘21 (April/May ‘21).

 

And the 2Q ‘21 peak is forecast to com-

plete a 5-wave advance from the Dec. ‘15 low."

 

 

here is updated information GOLD & SILVER remain in intermediate downtrends

and expected to extend these declines further. Gold

maintains its primary downside wave target at ~1810.0/

GCZ (‘c’ wave decline from the Aug. 18 ‘b’ wave peak =

magnitude of the ‘a’ wave decline on Aug. 7 - 12) -

~1818/GCZ. Monthly support concurs.

The XAU peaked on Oct. 5 while perfectly fulfilling the

short-term outlook and reinforcing the intermediate

outlook - for a decline into late-Oct. All of this reinforces

the potential for an ultimate drop back to ~121.00/XAU.

It quickly turned its intra-month trend down - validating

this analysis.  

dharma

 

 

 

 

[dougie]

XAU needs gap fill

[dharma]

market continues to bide its time. i dont know when , but i am feeling there is an upside explosion about to take place.   i can just feel the pressure building  next week, next month i cant say, but i can feel it.   

dharma

the capains dollar chart https://gracelandupd...020oct12usd.png

gold dsi was 24

silver 29    very interesting

Edited by dharma, 12 October 2020 - 01:57 PM.

[senorBS]

doing some modest buying this mornin into gap fills

 

Senor

[Russ]

Humble pie time, the Nov. low signal may be correct after all. 'Markets will try to make most people wrong'... Martin Armstrong

 

[dharma]

i am content to sit.  this is going to end in a blast higher ,  tuesdays seems to be the designated day to stomp on gold

the patterns in the sector look great.  i have not tried to time the market so i dont care if it blasts higher this week , next week , next month  none of that matters to me. and at this point in the day my account is + .  

tomorrow mercury goes retrograde"communications" so technicals will give some strange signals as will the communications we will be receiving. same set up as 2k where the president wasnt declared until weeks after the election. and it took the supreme court to decide the winner. this time it will be contested no matter who wins.  and then the results will be disputed.  

waiting . i dont know when the next bout of printing will occur , but it seems the only solution our elected officials can come up. 

stagflation is in the cards

dharma

this board has 2 stellar timers.  watch them if you need clues. one is buying the other is absent. 

[dharma]

many juniors have powerful patterns  

this weekly chart of novo  exhibits a powerful inverse head and shoulders pattern

https://stockcharts.com/h-sc/ui

dharma

[dougie]

dust

 

Humble pie time, the Nov. low signal may be correct after all. 'Markets will try to make most people wrong'... Martin Armstrong

 

was thinking the same thing. i think we go down

but not wed to it.

fact is, longer we mill around the more bullish it is

[dougie]

many juniors have powerful patterns  

this weekly chart of novo  exhibits a powerful inverse head and shoulders pattern

https://stockcharts.com/h-sc/ui

dharma

that link does not work dharma

[dharma]

https://stockcharts.com/h-sc/ui weekly novo if this doesnt work put up a weekly novo chart for some reason when i copy and paste it doesnt work

dharma

Edited by dharma, 13 October 2020 - 05:20 PM.