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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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#221 Smithy

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Posted 20 November 2020 - 05:21 PM

Sibanye Gold  the world's largest producer of platinum   SBSW

Recommended here late 2018 at $2.50/share, now $13.95 - still good value.

The South African offspring of Goldfields.



#222 tradesurfer

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Posted 20 November 2020 - 07:37 PM

https://soundcloud.c...oney/smn-112020



#223 gannman

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Posted 21 November 2020 - 07:27 PM

i am looking for slv to first take out 24 then 26 then i would 

 

perk up . until then it is a nice market to watch imo  when it bottoms

 

we will know it it should take off like a bat out of

 

hell and keep going 

 

a lot of stocks have had good earnings and have gotten killed 

 

acting like a wave ii imho where you can think the whole rally is over

 

i am looking for a wave iii to follow here where it dawns on people yes

 

this is a bull market but i need to see some proof 


Edited by gannman, 21 November 2020 - 07:36 PM.

feeling mellow with the yellow metal


#224 gannman

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Posted 21 November 2020 - 07:51 PM

i mean aem went from 84 on nov 6 to 67 on nov 19

 

what the heck ? nothing has changed about the company 

 

except the stock price has lost 20 percent in two weeks 

 

if you like the sector you have to like it here just my two cents


feeling mellow with the yellow metal


#225 gannman

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Posted 21 November 2020 - 08:03 PM

my take on the wave count is that on nov 6 we started a c wave of an abc 

 

correction which is close to being finished. that is what i see 


feeling mellow with the yellow metal


#226 JGUITARSLIM

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Posted 21 November 2020 - 09:33 PM

my take on the wave count is that on nov 6 we started a c wave of an abc 

 

correction which is close to being finished. that is what i see 

 

I'm seeing real potential for new low's here to finish off this correction, likely in mid 1700's.

If this C wave was to match A wave (early aug to late sept) in price.

Would also represent 50% RT advance from 1450 to 2050. 



#227 gannman

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Posted Yesterday, 12:41 AM

we could it is possible no doubt until we launch it is impossible to say where the bottom will be at 

 

what i have noticed is that slv has held up better than gld . what that means i am not sure ha ha 

 

but it has held up better than gld and then gdx 


Edited by gannman, Yesterday, 12:42 AM.

feeling mellow with the yellow metal


#228 dharma

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Posted Yesterday, 11:04 AM

i think that i had posted this 

https://pbs.twimg.co...=png&name=small

 a new era for mining companies

https://pbs.twimg.co...=jpg&name=small

anything is possible. i am still thinking that 1850 now double bottom is the low. 

we shall see

dharma



#229 dougie

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Posted Yesterday, 06:38 PM

th weekly dgx shows three waves up off the spring lows doesnt it? and so this down cant be a 4 as it overlaps 1

idid we see an ABC up? or is this 2 of 3?



#230 dougie

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Posted Yesterday, 06:39 PM

 

my take on the wave count is that on nov 6 we started a c wave of an abc 

 

correction which is close to being finished. that is what i see 

 

I'm seeing real potential for new low's here to finish off this correction, likely in mid 1700's.

If this C wave was to match A wave (early aug to late sept) in price.

Would also represent 50% RT advance from 1450 to 2050. 

 

that is my favorite count. 1750 is also the bottom of the gold channel off the highs