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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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#41 Russ

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Posted 28 October 2020 - 10:57 AM

so far gdx new lows for the move 

gdxj has not made new lows  so we have divergences developing

metals are not oversold on a daily basis but miners are  i look for the miners to bottom first

dharma

lol... nobody's perfect in this business, including me but I think it's going down into the end of Nov now back to my original forecast. gdx and gdxj have gaps way down there. 

 
"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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#42 ryanoo

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Posted 28 October 2020 - 12:30 PM

 

Bear flag has broken down, 1700's by late Nov. is calling... 

Gold market predicting Trump's win.
 

 

Nonsense.  Once upon a time an ex-US president went around the 3rd world as election monitor, now US fell to the bottom of the 3rd world. Trump's outrageous  voter intimidation puts USA in the group of nations that include Russia, Philippines, Venezuela, Turkey, etc.  Shame.



#43 gannman

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Posted 28 October 2020 - 12:40 PM

well its pretty obvious here at least for the metals 

 

if gld can get above 182 the correction is over  imo


feeling mellow with the yellow metal


#44 stubaby

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Posted 28 October 2020 - 12:52 PM

well its pretty obvious here at least for the metals 

 

if gld can get above 182 the correction is over  imo

yep - but how much lower first?



#45 JGUITARSLIM

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Posted 28 October 2020 - 01:21 PM

 

Bear flag has broken down, 1700's by late Nov. is calling... 

Gold market predicting Trump's win.
 
 
Nonsense.  Once upon a time an ex-US president went around the 3rd world as election monitor, now US fell to the bottom of the 3rd world. Trump's outrageous  voter intimidation puts USA in the group of nations that include Russia, Philippines, Venezuela, Turkey, etc.  Shame.

You must live in another world...

Edited by JGUITARSLIM, 28 October 2020 - 01:21 PM.


#46 gannman

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Posted 28 October 2020 - 01:41 PM

@stubaby  - that my friend is the 64 k question 


feeling mellow with the yellow metal


#47 Russ

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Posted 28 October 2020 - 02:22 PM

Fib retracement chart... 50% is likely or more.  


"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



http://marketvisions.blogspot.com/

#48 senorBS

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Posted 28 October 2020 - 04:24 PM

AEM just reported nice earnings and stock has popped nicely in after hours (however "initial" reaction has to be taken carefully), also CDE has good earnings. I believe both AEM and CDE were decent "beats" of forecasts

 

I did some light adding today, GDXJ late session at 52 and KL at 54.15 earlier on

 

Senor



#49 dharma

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Posted 28 October 2020 - 04:56 PM

forecasting has not made me a dime, but it feeds my ego, although i can go hungry

what i see is miners leading the way down, gdx took out its sept lows.  the metals have not taken out their spet lows.

so there are divergences as i mentioned even w/in the miners complex.  i believe the dsi will signal the bottom as  a reading of 10 does not seem unthinkable ,even in a wave 3

 

dharma



#50 dougie

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Posted 28 October 2020 - 08:14 PM

i think ST bounce then a few more days of this