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what the hell, out on a limb. the 1850ish low marks the bottom of this correction. the next leg higher begins now


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#101 gannman

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Posted 05 November 2020 - 01:02 AM

https://kingworldnew...oyd-10-31-2020/

 

interview with sean boyd


feeling mellow with the yellow metal


#102 gannman

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Posted 05 November 2020 - 10:06 AM

well we are definitely in a wave 3 up now thats for sure

 

may we all make a lot of money on this ride. for the purposes

 

of counting waves i have the gdx starting on 10/29 at 36.01


feeling mellow with the yellow metal


#103 dharma

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Posted 05 November 2020 - 10:38 AM

what the bulls want to see is a 5 wave impulse wave higher. so far on the 15 minute gdx chart the structure is perfect  if we can get to or above 39.8 we will have that 5 waves up.  

dharma

this is a clear 5 wave advance off the lows. there are 2 possibilities that i see . 1 5 waves up for a wave 1 and wave 2 correction to follow .then the powerful wave 3 advance. or 2 wave 5 of 1 was truncated and yesterday and the time from the truncated top are 1 and 2 and we are now in wave 3 . this is not as clear and requires a truncated wave so this is my least favorite of he 2 possibilities. the bull is back!

dharma

its a clear breakout of the downtrend for gold . giddyap

the politics of the day are quite disturbing , but this is a gold board. and i will stick to the market



#104 dougie

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Posted 05 November 2020 - 11:44 AM

 

did we break out yet? Maybe not



#105 dougie

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Posted 05 November 2020 - 11:46 AM

 

what the bulls want to see is a 5 wave impulse wave higher. so far on the 15 minute gdx chart the structure is perfect  if we can get to or above 39.8 we will have that 5 waves up.  

dharma

I took profits on my jnug this morning.  GDX needs to get above 41 to start breaking out of it's bull flag.  

 

Hey Russ wasnt one of your old prjections for a Nov 5 LOW?



#106 dougie

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Posted 05 November 2020 - 11:47 AM

well we are definitely in a wave 3 up now thats for sure

 

may we all make a lot of money on this ride. for the purposes

 

of counting waves i have the gdx starting on 10/29 at 36.01

I dont see wave 3 volume but day IS early



#107 dharma

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Posted 05 November 2020 - 12:21 PM

the speculation seems to be , the fed meets today,   what will they do? more qe?  some form of stimulus? dont know but near +50 is a great day no matter what they do, even nothing

dharma



#108 dougie

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Posted 05 November 2020 - 01:02 PM

 

what the bulls want to see is a 5 wave impulse wave higher. so far on the 15 minute gdx chart the structure is perfect  if we can get to or above 39.8 we will have that 5 waves up.  

dharma

this is a clear 5 wave advance off the lows. there are 2 possibilities that i see . 1 5 waves up for a wave 1 and wave 2 correction to follow .then the powerful wave 3 advance. or 2 wave 5 of 1 was truncated and yesterday and the time from the truncated top are 1 and 2 and we are now in wave 3 . this is not as clear and requires a truncated wave so this is my least favorite of he 2 possibilities. the bull is back!

dharma

its a clear breakout of the downtrend for gold . giddyap

the politics of the day are quite disturbing , but this is a gold board. and i will stick to the market

 

yeah silver seems to have a 1, 2, i, ii, iii appearance



#109 dougie

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Posted 05 November 2020 - 01:03 PM

 

well we are definitely in a wave 3 up now thats for sure

 

may we all make a lot of money on this ride. for the purposes

 

of counting waves i have the gdx starting on 10/29 at 36.01

I dont see wave 3 volume but day IS early

 

take that back was looking at the wrong charts



#110 ryanoo

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Posted 05 November 2020 - 02:31 PM

 

Armstrong says the election is corrupt, the establishment wants the commie green new deal and democracy is not going to stop them... https://www.armstron...s-being-stolen/

should i care what armstrong says? corruption is news somehow? commie green new deal? LOL! what we have is socialism for the very rich and powerful, that much is plain to see

 

agree fully past few years was the 'socialism for the very rich'.  just look at the class structure that benefited from this 'socialism for the very rich', but sadly the disappearing middle class and the poor think they got ahead.   the out of control wealth inequality always leads to collapse of empire.  Armstrong is the clear wacko, besides his market predictions he shouldn't be taken seriously.  crazy assertions without proof, they have zero science education -- western science requires objectivity and verification based on facts and evidences, not subjective opinions used as their 'reasons, he is full of it.  In all cases, it should be the will of the people that prevails at the end, not the minority rule.