Gold stocks are diverging today with Gold, they did that on my signal last November too, so perhaps this is a good test of support.
what the hell, out on a limb. the 1850ish low marks the bottom of this correction. the next leg higher begins now
Started by
dharma
, Oct 21 2020 09:54 AM
1426 replies to this topic
#811
Russ
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Posted 22 January 2021 - 03:20 PM
"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/
"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/
#813
dougie
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Posted 22 January 2021 - 03:40 PM
silver 5 min seems to target 26 area
5 min chart: what is happening to me???!!!
#814
senorBS
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Posted 22 January 2021 - 03:43 PM
I have lightened up going into Monday as many down openong gaps filled, was only 20% long coming into today, probably will end up with small 10% position, as always DYODD
Senor
#815
tradesurfer
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Posted 23 January 2021 - 01:53 PM
The potential head and shoulders pattern on the gdx is near perfect. The left shoulder is exact same number of days as right shoulder
Also I find it quite interesting that january 22nd was the exact peak in the gold price in 1980. And here we are at january 22.
Also I find it quite interesting that january 22nd was the exact peak in the gold price in 1980. And here we are at january 22.
Edited by tradesurfer, 23 January 2021 - 01:54 PM.
#817
dougie
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Posted 23 January 2021 - 05:02 PM
Uh oh...
22: great chance to load up!
#818
JGUITARSLIM
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Posted 23 January 2021 - 10:28 PM
22: great chance to load up!Uh oh...
Be shocked to see such - thinking we are getting close to a significant bottom here (~10% downside risk).
#819
gannman
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Posted 24 January 2021 - 05:46 AM
feeling mellow with the yellow metal
#820
senorBS
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Posted 24 January 2021 - 09:08 AM
22: great chance to load up!Uh oh...
Be shocked to see such - thinking we are getting close to a significant bottom here (~10% downside risk).
agree, IF we spike lower this week which I think has a decent shot at happening then I think GDX support at 30-32 is the likely bottom area, I would likely LOAD DA BOATS if this happens
Senor
