Member
Posted 02 December 2020 - 10:41 AM
its interesting if you look at aem you can see a big head and shoulders that formed
that projected down to 63 and where did we go , 63 . any hoo aem has one more leg
down to retest or slightly penetrate the lows and then it will be the buy of a lifetime
imho just having fun watching this thing unfold as there is a lot of money to be made
its the christmas season we have a vaccine or several and there is light at the end
of the tunnel .
Member
Posted 02 December 2020 - 11:31 AM
well jpm and citi fined by regulators for undisclosed transgressions. https://wallstreeton...rs-wont-reveal/
wonder what that could be? now we are not even told what the banksters did. wouldnt be gold manipulation?!?!?
i am quite bullish on silver and platinum . platinum cracked 1k and has alot of catching up to do. the fundamentals are in place for platinum to have a good run
silver double bottomed classic . miners gaining some traction.
dharma
dougie i had the same thought about kwave, hope he is ok. sometimes he trades the different exchanges 24 hrs a day. he is amazing
Member
Posted 02 December 2020 - 02:56 PM
I have taken profits, Eric Hadik is still looking for 1750 or less by year end, I don't see that but took a nice profit and will wait to see what develops.
always good to take profits but leaving so fast?
Member
Posted 02 December 2020 - 03:28 PM
always good to take profits but leaving so fast?
I agree... GDX may get to 37-38 or 40-41 before resting?
Member
Posted 02 December 2020 - 03:37 PM
I have taken profits, Eric Hadik is still looking for 1750 or less by year end, I don't see that but took a nice profit and will wait to see what develops.
always good to take profits but leaving so fast?
It may have been a premature sell, but there is a fat gap down below it may try to close too, possibly starting to roll over now.
Edited by Russ, 02 December 2020 - 03:38 PM.
Member
Posted 02 December 2020 - 03:45 PM
"Seasonally, the December time frame is often a launch pad for significant rallies. Chinese citizens buy to celebrate the New Year and Western hedge funds often get caught in a short covering rally."
Monday(Nov30) was Full Moon, Today (Dec.2) Bradley turn date
Member
Posted 02 December 2020 - 03:48 PM
all we can do as traders/investors is go on probabilities. december has been one of the strongest months of the year
https://seasonalchar...ics_eurusd.html
i was going to elaborate but no need ryanoo posted above
also india is picking up its buying
dharma
Member
Posted 02 December 2020 - 03:53 PM
Miners weak---they should be flying high. It could that all those macro hedge funds are selling miners and buying energy and oil.
everyone buying BTC
Member
Posted 02 December 2020 - 06:43 PM
Miners weak---they should be flying high. It could that all those macro hedge funds are selling miners and buying energy and oil.
everyone buying BTC
was just looking at the bitcoin chart, is this a large 5th wave up about done? I would only suggest its "about done" if this large wave up is a thrust out of a contracting tri from prev all time high 2-3 yrs ago - I believe that high also occurred in early Dec time frame just below 20,000. No interest in shorting it but am watching the unfolding bigger picture chart pattern, also am wondering if this seemingly unending stock mkt rally might be nearing an end game 5th wave top? Again no interest in shorting but watchful, also pared back longs in miners today as I am being very careful, now about 33% long. as always DYODD
Senor
Member
Posted 02 December 2020 - 06:44 PM
we used to have some BTC posters around these parts
sorta miss them
