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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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#771 CHAx

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Posted 18 January 2021 - 08:11 PM

folks been saying this about Japan for 30 years

 

 

 

 

https://goldprice.or...e-yen-per-ounce

 

And look at that chart :)

 

 

 

Also congrats on your call for gold selloff around 1/5.  I thought we would test 2020 before a major down move.  Got caught with a little more than I wanted.  Luckily I shaved a little off at my 1960 first resistance target.  Whoops!  No one is perfect giveup.gif



#772 senorBS

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Posted 18 January 2021 - 08:26 PM

 

We have met all the requirements for a bottom. It's a contrived bottom, but, only time will tell if it sticks.

Yeah its possible under "ugly bottom"scenario, I would very much prefer that the Nov low are broken in key ETF's/Indices, a few things did make new lows since Aug highs  like GOAU/FNV/RGLD. the key Q is will most others? No easy answer but for now I will definitely allow for that before taking any significant long positions

 

Senor



#773 dougie

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Posted 18 January 2021 - 09:56 PM

ugly bottoms are us?

would like to see a run up here for a week or two before we get capitulation to the downside

 

but like senor watchin and waiting



#774 gannman

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Posted 19 January 2021 - 03:30 AM

what we can say about this whole time period is that it has been corrective the hui did a 50% retrace

 

looking at the drop since jan 5 it looks like 5 waves down. was that the c of a abc from aug 5 i dont know

 

if so this thing should start to rally like crazy if not more of the same 


feeling mellow with the yellow metal


#775 senorBS

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Posted 19 January 2021 - 10:08 AM

been doing some light buying this morning, about 15% long, as always DYODD

 

Senor



#776 senorBS

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Posted 19 January 2021 - 11:23 AM

been doing some light buying this morning, about 15% long, as always DYODD

 

Senor

bumped it to 20%

 

Senor



#777 linrom1

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Posted 19 January 2021 - 12:15 PM

KL up +1.88% NEM down. No consistency whatsoever.



#778 dharma

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Posted 19 January 2021 - 12:52 PM

looks to me like we finished 5of C  its very early but in my time frame .  4 planets in the 2nd house in the usa chart =2nd house is wealth and wealth from fixed assets. powerful indication

dharma



#779 senorBS

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Posted 19 January 2021 - 03:47 PM

fwiw I added WDOFF (Wesdome Gold mines) below 7.24 today, IMO good company and undervalued. Also bot some FNV near 121.15, as always DYODD

 

Senor


Edited by senorBS, 19 January 2021 - 03:48 PM.


#780 dougie

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Posted 19 January 2021 - 03:47 PM

CKG; franctal of 2009?