Member
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
Member
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
Senor
Member
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...
Member
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.
Member
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.
Member
Member
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....
Member
Posted 03 March 2021 - 11:07 AM
I am long NEM again and tiny FNV position
Member
Posted 03 March 2021 - 11:34 AM
Member
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
