anyone care to comment on the LT chart of GOLD: Yen?
what the hell, out on a limb. the 1850ish low marks the bottom of this correction. the next leg higher begins now
Started by
dharma
, Oct 21 2020 09:54 AM
1426 replies to this topic
#1232
gannman
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Posted 24 February 2021 - 02:24 AM
did this thing bottom at 1 55 pm yesterday . maybe
if so tomorrow should be a big up day
feeling mellow with the yellow metal
#1233
senorBS
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Posted 24 February 2021 - 09:44 AM
added again this morning, keep watching TYX move relentlessly higher as it hit 2.29% yield today - what's gonna break bad?
Senor
#1234
Smithy
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Posted 24 February 2021 - 09:58 AM
Gold is dragging silver down.
By my lights, maybe down into the w/e.
Edited by Smithy, 24 February 2021 - 09:59 AM.
#1235
senorBS
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Posted 24 February 2021 - 10:07 AM
added again this morning, keep watching TYX move relentlessly higher as it hit 2.29% yield today - what's gonna break bad?
Senor
many "deep" gap fills this morning - look at GLD chart, now do we rally significantly after that? we see
Senor
#1236
senorBS
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Posted 24 February 2021 - 10:15 AM
Miners look awful.
gold miners yes but many silver miners NO, and beauty is in eye of the beholder, is one looking to buy cheap and perhaps at an int term low (gold miners) from which 50% plus gains are reasonable IF correct. Or does one wait for a 10-20% rally or more then buy. I understand waiting for more signs of a bottom, I have done very well in silver miners so adding some gold miners into these "depths of hell" is attractive for me, but we all have our different approaches
Senor
#1237
senorBS
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Posted 24 February 2021 - 10:31 AM
anyone care to comment on the LT chart of GOLD: Yen?
sure, good possibility correction ended from Aug highs at recent low. Worst case IMO a wave a large degree wave 4 corrction within a larger wave THREE rally from the Dec 2016 low, and it could be more bullish than that. My take FWIW
Senor
#1238
dharma
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Posted 24 February 2021 - 10:52 AM
based on time , i believe the correction has ended. when time is up trend changes-wd gann
interesting to me that lasonde came to that conclusion based on jewelry demand picking up in the far east
then we have senor bullish as well. i dont like to run in a herd , in the markets its not a good thing for survival where out in the wild it is
beneficial for survival.
lasonde also said he is looking for 1:1 gold to dow , it did happen in late 79-80
dharma
#1239
JGUITARSLIM
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Posted 24 February 2021 - 11:18 AM
based on time , i believe the correction has ended. when time is up trend changes-wd gann
interesting to me that lasonde came to that conclusion based on jewelry demand picking up in the far east
then we have senor bullish as well. i dont like to run in a herd , in the markets its not a good thing for survival where out in the wild it is
beneficial for survival.
lasonde also said he is looking for 1:1 gold to dow , it did happen in late 79-80
dharma
Believe we have just seen the IT bottom as well.
Relative strength in the miners vs metals here duly noted.
#1240
senorBS
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Posted 24 February 2021 - 11:32 AM
based on time , i believe the correction has ended. when time is up trend changes-wd gann
interesting to me that lasonde came to that conclusion based on jewelry demand picking up in the far east
then we have senor bullish as well. i dont like to run in a herd , in the markets its not a good thing for survival where out in the wild it is
beneficial for survival.
lasonde also said he is looking for 1:1 gold to dow , it did happen in late 79-80
dharma
Believe we have just seen the IT bottom as well.
Relative strength in the miners vs metals here duly noted.
gold miners "compression" is huge and some of the individual miner/gold ratios are showing incredible oversold and cheapness IMO - primed to start heading norte! we see
Senor
