1292 replies to this topic

[dougie]

 

 

http://www.321gold.c...llan080520.html   interesting relationship

gann guy

http://www.ganngloba...98a0b8cac0e9c09

 

good to see you stu, hope all is aok in your neck of the woods

i see this as the wave of recognition, and i believe we are still in 3of 3  wave 5 of that. then 4of 3  as i said above. 

or if we finished as you/senor suggest . then the next wave will be an extension.  which i give a lower probability

dharma

i still think miners are undervalued. 1900s gold in 11 vs 2k here miners are alot lower!

The miners will show their hand during this upcoming Wave 4 correction in Gold by showing relative strength vs Gold - that will be the trend-change confirmation and could look and feel like 2010-11 for small cap miners during the move up in Wave 5 to follow

 

Stu : GDXJ completed something this AM: 1 of 3?  3 and now in 4 down with 5 up to come?

[dougie]

interesting area for CKG

[senorBS]

Was looking at GSR and it made a marginal new decline low today registering 2nd daily RSI divergence and a "possible" wave v of 5. Just trying to put some possible pieces together and remember I remain long a core but am out of all more aggressive positions. 

 

Senor

[dougie]

Was looking at GSR and it made a marginal new decline low today registering 2nd daily RSI divergence and a "possible" wave v of 5. Just trying to put some possible pieces together and remember I remain long a core but am out of all more aggressive positions. 

 

Senor

nice trading..

would be as good a place for a sharp pullback as any

[senorBS]

 

Was looking at GSR and it made a marginal new decline low today registering 2nd daily RSI divergence and a "possible" wave v of 5. Just trying to put some possible pieces together and remember I remain long a core but am out of all more aggressive positions. 

 

Senor

nice trading..

would be as good a place for a sharp pullback as any

 

also just looked at the silver chart, am I missing something that this last rally may very well be a thrust out of a 4th wave contracting tri (from July 28 high at 26.19) that ended a bit above 24?  If correct once this potential upside thrust is done (looks close IMO) the normal expectation is a return to that apex (24-24.50) at least, not trying to be bearish as I still have longs but this looks like a pretty solid wave interp

 

Senor

Edited by senorBS, 05 August 2020 - 08:06 PM.

[dougie]

oh my Silver really is the energizer bunny

[gannman]

My guess is that the jobs report starts a 2 week correction in the dollar and gold would make sense but does not have to be

[K Wave]

The leg up off of $24 may have just completed on Silver overnight here...possible we might still spike a bit higher, but likely real close to some sort of swing top now...

[AChartist]

I was looking at some channel work $silver and had an idea of about $30-32.

Will it do 34.5 and move next consolidation range above 27.5?

[dharma]

the trend is your friend

we are in the wave of recognition. ie folks realize the price is going higher. . when the highs of 11 were crossed 1923 some folks jumped on board. then when 2k was taken out the last of those stragglers jumped in.  as we know , gold is not accommodating. 2080 and 2101 are the numbers i am watching . the fundamentals are so lopsided that it could go to the next higher  cycle .

i will take some off the table , the question is when and where i am in no hurry . although my work staring me in the face says  a shakeout before the next larger up wave will occur.   as i said i think 3k is not that long a shot before years end

dharma

i did alot of research on the novo deal. it looks brilliant .  the market doesnt think so right here. i added. if anyone is interested 

in seeing the information on millennium their take over target and what quinton has to say . let me know . if you dont post . dont bother .

my 2c its brilliant its everything novo needs. they will be producing very quickly and they got a substantial mill and its close to beatons creek =10k  so they can start mining there as well. this deal will give them everything they need to start producing . it expedites the process.  

 

frank holmes, he is the one who started goau is hosting a webinar on the 11 its free you can register here https://www.etftrend...ER0SGFjMllhSCJ9

Edited by dharma, 06 August 2020 - 09:38 AM.