1426 replies to this topic

[dharma]

listening to cnbs you would think people bought gold because of covid. after all the proposed vaccine has knocked gold down. w/the announcement from pfizer alone gold was knocked down 100 . 

well i for one got involved in the sector for several reasons.  the most prominent is the printing of wealth. if the feds balance sheet is not enough to alarm you . then go back to sleep https://fred.stlouisfed.org/series/WALCL  this is even more printing than weimar, and it is not over. in fact another round may take place next month, if not sooner

dharma 

and that chart is from the feds website! so covid or its vaccine is not a factor for me anyway! anyone influenced by covid or its vaccine?

[dougie]

 

 

this is looking ugly

turn should be near: end of December?

why "ugly"? Looks like more new gold/silver lows for this decline and another possible higher low in miners this morning? That smacks of what folks looking for a key bottom would want to see. Also SLV FINALLY made a new low at 20.32, silver itself not quite yet. Looks to me like silver is perhaps the "last piece" of the bottoming puzzle, looks sorta "beautiful" to me but WTFDIK? we see

 

Senor

 

gimme some more of dat ugly!

 

Senor

 

Give me the 10 and 50DMA !

[linrom1]

 

I am playing devil's advocate here. I expected the pigmen to pile in like they with DOW at the bottom, but, so far gold is getting rather a "cool" reception. I had originally expected the bottom at 1774, but I am wondering if there is another leg down? Also the move looks like it completed only 3 waves, but, I had seen them use this tiny leg 4 and 5 down before.

Edited by linrom1, 01 December 2020 - 12:11 AM.

[dharma]

 

I am playing devil's advocate here. I expected the pigmen to pile in like they with DOW at the bottom, but, so far gold is getting rather a "cool" reception. I had originally expected the bottom at 1774, but I am wondering if there is another leg down? Also the move looks like it completed only 3 waves, but, I had seen them use this tiny leg 4 and 5 down before.

ok i  will play along , where you have 1 i have A where you have C have B  and then the 5 wave C looks complete

dharma

[Russ]

He's Bullish with new highs into January.... 

Edited by Russ, 01 December 2020 - 01:38 AM.

[Russ]

this is looking ugly

turn should be near: end of December?

This is looking beautiful

Bottom is:  IN   

[senorBS]

 

 

 

this is looking ugly

turn should be near: end of December?

why "ugly"? Looks like more new gold/silver lows for this decline and another possible higher low in miners this morning? That smacks of what folks looking for a key bottom would want to see. Also SLV FINALLY made a new low at 20.32, silver itself not quite yet. Looks to me like silver is perhaps the "last piece" of the bottoming puzzle, looks sorta "beautiful" to me but WTFDIK? we see

 

Senor

 

gimme some more of dat ugly!

 

Senor

 

Give me the 10 and 50DMA !

 

ask and U shall receive!  Yesterday's early "ugly" turning into beauty, and da beat goes on

 

Senor

[Russ]

Double bottom on Silver with divergent momentum on top indicator... 

Edited by Russ, 01 December 2020 - 09:20 AM.

[linrom1]

 

 

I am playing devil's advocate here. I expected the pigmen to pile in like they with DOW at the bottom, but, so far gold is getting rather a "cool" reception. I had originally expected the bottom at 1774, but I am wondering if there is another leg down? Also the move looks like it completed only 3 waves, but, I had seen them use this tiny leg 4 and 5 down before.

ok i  will play along , where you have 1 i have A where you have C have B  and then the 5 wave C looks complete

dharma

 

Agree, final ABC of an ABCDE. I had considered that too.

[senorBS]

 

 

 

I am playing devil's advocate here. I expected the pigmen to pile in like they with DOW at the bottom, but, so far gold is getting rather a "cool" reception. I had originally expected the bottom at 1774, but I am wondering if there is another leg down? Also the move looks like it completed only 3 waves, but, I had seen them use this tiny leg 4 and 5 down before.

ok i  will play along , where you have 1 i have A where you have C have B  and then the 5 wave C looks complete

dharma

 

Agree, final ABC of an ABCDE. I had considered that too.

 

FWIW I think its done as well, especially with this mornings strong surge so far

 

Senor