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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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#1331 JGUITARSLIM

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Posted 03 March 2021 - 06:23 AM


 
we are close to seeing a weekly macd cross down from very high levels in XAu..
CAVEAT Emptor


Been watching the xau One potential downside target here is that 16 highs (~115). Would likely coincide with drop in GDX to high 20s (26 being another target). Have powder avail to buy if such occurs.

#1332 senorBS

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Posted 03 March 2021 - 09:08 AM

SLV and AEM this morning have already traded below yesterdays low, SILJ is basically right there - key is whether these are wave 4/5 subdivisions and a bottoms are near? or this decline keeps going and everything miner takes out yesterday's lows. Glad I lightened up a lot late yesterday

 

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#1333 Russ

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Posted 03 March 2021 - 09:42 AM

Russ, thanks for the Hadik update.

You're welcome Smithy.   I like this chart from tradingview which looks to be classic and obvious... 


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#1334 Smithy

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Posted 03 March 2021 - 10:04 AM

I also see that Hadik had an XAU target of 121, currently 131. Probably worth keeping an eye out.



#1335 linrom1

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Posted 03 March 2021 - 10:12 AM

SLV and AEM this morning have already traded below yesterdays low, SILJ is basically right there - key is whether these are wave 4/5 subdivisions and a bottoms are near? or this decline keeps going and everything miner takes out yesterday's lows. Glad I lightened up a lot late yesterday

 

Senor 

 

That's a good possibility. You can see it on FNV.



#1336 linrom1

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Posted 03 March 2021 - 10:50 AM

1699



#1337 Russ

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Posted 03 March 2021 - 10:58 AM

I also see that Hadik had an XAU target of 121, currently 131. Probably worth keeping an eye out.

He mentioned 110-115 xau or even as low as 106 which is contradicting his gold target but Gold just spiked down to almost 1700 and reversed which was his spike low target, chart has a nice rounding bottom formation....     


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#1338 linrom1

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Posted 03 March 2021 - 11:07 AM

I am long NEM again and tiny FNV position



#1339 JGUITARSLIM

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Posted 03 March 2021 - 11:34 AM

Added some on morning dip - see potential we head higher here. Really believe any further downside will be limited - but been plenty wrong before

#1340 gannman

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Posted 03 March 2021 - 11:48 AM

on gdx maybe we completed iii of c today and headed into iv of c 

 

i think we are heading into a major low over the next 1.5 to 3 weeks fwiw

 

not quite there yet but i dont expect a lot of price damage to occur


feeling mellow with the yellow metal