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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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#211 senorBS

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Posted 17 November 2020 - 06:46 PM

 

OK, last chance saloon here IMO, we either really start letting go to the downside here or make a bottom, I can and just did give the long side a chance and my stop is pretty tight, took a 30% position agressive trading position again with tight stops, as always DYODD

 

Senor

so far OK, GDXJ came back decently off lows, will hold position for now

 

Senor

 

Still balanced on a knife's edge here IMO as to whether we bottom in this area or decline perhaps another 10-15%. I favor the upside but am only a TRADER here, BTW is the absolute deadness today (lack of posts) a "possible bottoming sign"? we see

 

Senor



#212 gannman

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Posted 17 November 2020 - 11:23 PM

its not getting killed and it is not rallying. it can go either way we could see a plunge or a ri[

 

russ prediction of late november early december looks better and better .


feeling mellow with the yellow metal


#213 dougie

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Posted 18 November 2020 - 02:39 PM

ugly



#214 dougie

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Posted 18 November 2020 - 05:36 PM

could be looking at low 1700s for gold IMO if things dont shape up here might fast



#215 dougie

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Posted 19 November 2020 - 11:55 AM

not seeing anything terribly constructive here



#216 dharma

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Posted 19 November 2020 - 03:01 PM

russ your call was/is prescient

nibble , nibble , nibble

dharma



#217 gannman

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Posted 20 November 2020 - 09:46 AM

yes it was and he made that back when. way to go my friend 


feeling mellow with the yellow metal


#218 Russ

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Posted 20 November 2020 - 02:05 PM

Thanks for all the compliments and I hope I am going to be right here. Gold market sure looks like it does not want to go any lower, they tried to break it down below the sept low twice now, although the signal is for the end of Nov but it could be off by a week or so, the signal is not the cleanest one. I also have a signal for a low in the dollar index next Feb/Mar and longer signals for the dollar to go down into mid decade.

 

 

 


"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



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#219 dharma

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Posted 20 November 2020 - 02:50 PM

the captain

http://www.321gold.c...wave112020.html

the captain agrees w/me the 1850 low  was the low

taking time to work off the excess

dharma



#220 dougie

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Posted 20 November 2020 - 04:03 PM

Looks like platinum is finally making the "turn":

 

https://stockcharts....llery.html?pplt

any favorite platinum stocks anyone?