SLV taking out the spike reversal on the shorter term chart from a few days back could mean the fun part of the ride is about to commence...
Looks like a decent chance of that happening today.
3of 3 front and center
Started by
dharma
, Jun 28 2020 11:57 AM
1292 replies to this topic
#191
K Wave
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Posted 13 July 2020 - 07:21 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#192
gannman
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Posted 13 July 2020 - 09:02 AM
gdx i think will take out 39.44 at some point to complete i of 3
just my opine
feeling mellow with the yellow metal
#193
dharma
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Posted 13 July 2020 - 10:43 AM
i dont know if we are ready to march higher yet. the failure to take out 1813 resistance is saying to me not yet. that brick wall
has to fall before we see higher numbers. mercury went direct yesterday. so communications will go more
smoothly. i have a turn tomorrow not today. so we see what it brings. gold has a big move dead ahead.
after what i believe will be a august correction. but first we have earning season the end of july and beginning
of august. the senior should roar as their earnings should be spectacular.
i moved into some higher beta stocks ,in other words explorers. this is the time for the juniors w/low grade
are going to outperform. they become cash cows i dont mind the risk Of Explorers as long as they are cashed
up.
there will be lots of takeovers
dharma
has to fall before we see higher numbers. mercury went direct yesterday. so communications will go more
smoothly. i have a turn tomorrow not today. so we see what it brings. gold has a big move dead ahead.
after what i believe will be a august correction. but first we have earning season the end of july and beginning
of august. the senior should roar as their earnings should be spectacular.
i moved into some higher beta stocks ,in other words explorers. this is the time for the juniors w/low grade
are going to outperform. they become cash cows i dont mind the risk Of Explorers as long as they are cashed
up.
there will be lots of takeovers
dharma
#194
dougie
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Posted 13 July 2020 - 11:37 AM
metals and Broad market lock step here. Not sure I like that but will take what i can get
Edited by dougie, 13 July 2020 - 11:37 AM.
#195
ryanoo
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Posted 13 July 2020 - 01:22 PM
something seriously strange is going on with dynamic gold etf
#196
dharma
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Posted 13 July 2020 - 02:40 PM
running into strong head winds, 1813 seems to be the wall the yellow metal is banging its head against. if this # is not taken
out , then we correct. no matter what someones count. the fact is so far the market is not able to take out 1813 .
take note
dharma
#197
gannman
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Posted 13 July 2020 - 02:49 PM
35.6 is 50% retrace on gdx so i will reload at some point
would not be surprised if we correct in to july 21 sign change fwiw
feeling mellow with the yellow metal
#198
dougie
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Posted 13 July 2020 - 03:26 PM
ugly fail there today IMO
today marked the top IMo for weeks to months
#199
dougie
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Posted 13 July 2020 - 03:58 PM
chance this was all an ABC down in miners...chance it is something more.
#200
dougie
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Posted 13 July 2020 - 11:24 PM
some were calling this a 3: if so where was the volume?
WE did a 23 retrace today....
but i think we now retrace the weekly move not justthe dailies
Edited by dougie, 13 July 2020 - 11:25 PM.
