1426 replies to this topic

[linrom1]

 

Hopefully this engulfing candle sticks for the day.

[tradesurfer]

It loooks like GDX completed a double bottom 11/24/20  first bottom and then the other a few days ago .... plus we bottomed on Mercury Direct a few days ago

 

i think we about to have a rapid move up to 39 level in GDX and then stair step up after that

[dougie]

 

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

 

thank YOU

[dougie]

was the strong impulse up in SILJ jan 31  (triggered by reddit fanboyz per the news) a wave 1 or to be ignored

[dougie]

[stubaby]

never ignore a price print  - maybe 1 of 3 of 3 off the March 2020 bottom - so 1-2,1-2, 1-2  and in a smaller degree 3 now???

[dharma]

dont know if anyone here is interested in novo, if not i will not mention it here

today jay taylor has bob moriarty and hennigh  on the show talking about novo which is now a producer

https://jaytaylormedia.com/audio/

dharma

[senorBS]

just noticed the late DXY reversal down after a brief recent rally attempt - looks ugly and lower to me. Man also just looked at the FXC Canuck dollar chart - sharp upside reversal within a big uptrend today to new rally highs - look "thirdish" norte, we see

 

Senor

[dougie]

just noticed the late DXY reversal down after a brief recent rally attempt - looks ugly and lower to me. Man also just looked at the FXC Canuck dollar chart - sharp upside reversal within a big uptrend today to new rally highs - look "thirdish" norte, we see

 

Senor

interesting juncture

Edited by dougie, 24 February 2021 - 08:15 PM.

[senorBS]

https://fred.stlouisfed.org/series/M2

PSA: The Fed has discontinued the M2 money supply measurement.

Now...why would they do that?
 

 

Senor