Member
Posted 02 July 2020 - 11:56 AM
I did see it and responded.
PL trying to make the turn of the 5/10/15 min 900 combo pivot
this "could" be the start of things....but bulls need to step on the gas real soon now.
a breach of that pivot now could mean bull just don't have what it takes on PL....
see what happen this afternoon.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 02 July 2020 - 12:02 PM
AAGFF
Not enough data for full daily chart...but if SLV does finally start to break out, this looks ripe to go with it.
Just need a bit more upside to start turning the hourly 900 upside, and get it into a bull stance.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 02 July 2020 - 01:52 PM
i dont know if anyone is connecting the dots. the communist takeover of hong kong is huge. its going to have huge
repercussions, hong kong real estate is some of the most expensive in the world . business is going to be brought to a standstill
hsbc has a big face in hong kong. real estate values are going to plummet . the Brits are thinking of ways to expedite hong kong
residents citizenship. another slap at the dying eu. gold buying is going to escalate. the mao revolution killed 30-40 million , then the cultural revolution killed another 10 million . the leaders of the revolution in hong kong have disbanded and fled. gold buying as a result of banks running into trouble as a result of hong kong takeover is going to take center
stage. hong kong has been a center for trade for decades and centuries.
i titled this thread 3of 3 i am serious . we are there now. as i said yesterday gdxj was 100 points higher in 11 when gold was at these levels . miners are still blood in the streets. hello
dharma
ps saw trump on cnbs this morning . yes there will be periods where the economy comes back but the lows will be lower. a top in the broad market in 21
was looking at the GDXJ longer term charts, a breakout above 50-53 to me suggests fairly clear selling to next major resistance at 95-100, 55-90 looks like what I call a "speed zone" area and wave wise it would be 3 of 3 and IMO that makes sense since the March to May rally was likely wave 1 of bigger 3 (30.5 pts or so), take 1,618 X wave 1 and that equals close to 50 GDXJ points, add that to the mid June wave 2 bottom (near 42) and that gets you to that same 90-95 area. Lots of things IMO coming together nicely. 
Senor
Member
Posted 02 July 2020 - 02:08 PM
wow https://pbs.twimg.co...ng&name=900x900
why buy miners you say
gold and silver miners to more than double their free cash flow
dharma
Member
Posted 02 July 2020 - 02:42 PM
i thought i would get a notification didnt anyway i responded
we are on precipice of a big move. the world is a powder keg
which bank is going to be in trouble . i always thought db would be the 1st bankster to bite the bullet w/wf in there somewhere
but suddenly hsbc w/hong kong in the midst of the commies going back on their agreement w/the brits . i am not as far to the right as kyle bass , but i do see what is concerns are and what has happened. cyber stealing is alive and well. just ask Lockheedmartin
dharma
started buying a miner got off some and then it jumped 10% still not ready to chase.
dsi
gold 83
silver 81
Member
Posted 02 July 2020 - 06:40 PM
I did see it and responded.
PL trying to make the turn of the 5/10/15 min 900 combo pivot
this "could" be the start of things....but bulls need to step on the gas real soon now.
a breach of that pivot now could mean bull just don't have what it takes on PL....
see what happen this afternoon.....
step on the gas? or Off?
Member
Posted 02 July 2020 - 06:47 PM
long in the tooth on weeklies here...
todays action indecisive. looks like we did 5 up off the lows on the 15th in GDXJ
pulback to 45.25 area?
Member
Posted 02 July 2020 - 08:41 PM
better yet in GDXJ hourly we just did a 1-2 i-ii
Member
Posted 03 July 2020 - 11:49 AM
lets take a look at dba
step back https://gracelandupd...020jul3dba1.png this topped in 08 and
has been in a falling wedge ever since
shorter term https://gracelandupd...020jul3dba2.png we are in a bottoming
pattern. i put on a starter position while back and i am collecting option premiums while i wait for the market to bottom and i add.
i find that if i have skin in the game it keeps me interested. i know its dead money but i am willing to wait as i see this as a big opportunity. the fed has assured inflaton/stagflation
on friday the bpgpm hit 100% so a top will come over the next 4 weeks or before in the miners. at this point i am willing to sit as i think the miners are still severely undervalued besides in a lot of cases90% of the move comes in 10% of the time
any way its just a heads up end of july tends to be another weak seasonal time for gold
dharma
Member
Posted 03 July 2020 - 05:34 PM
Dharma, Interesting the DBA has a trend on it for a big high in mid 2032... just before MA's 2032.95 crash and burn start. BTW... I have a low for Silver around Aug. 5 as I showed Dougie on your old post, it looks quite certain to me.
Edited by Russ, 03 July 2020 - 05:36 PM.
