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GDX, I am in


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#1 Chilidawgz

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Posted 05 March 2021 - 01:05 PM

with a watchful eye in case it falls.

 

aaa.jpg


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#2 Chilidawgz

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Posted 05 March 2021 - 01:44 PM

aaaa.jpg


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#3 Rogerdodger

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Posted 06 March 2021 - 11:41 AM

I also thought it was worth a small nibble... with close stops.

Some seasonal Gold charts show mid March as a possible bottom.

They are as accurate as most weather predictions...LOL!

 

Gold-Seasonal-Pattern.jpg

Or This...LOL!

Gold-Seasonal-Pattern-2.gif


Edited by Rogerdodger, 06 March 2021 - 11:48 AM.


#4 SemiBizz

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Posted 06 March 2021 - 12:17 PM

ZERO signs of strength in the gold contract...

 

Riding the Lower BB... lower and lower.

 

60439dffb94d0_gold030621d.thumb.PNG.af0b

 

Good Luck, I would not be surprised to see 25 on GDX

 

Here's a broader look at the gold mining market... ZERO signs of strength

 

xau030621d.thumb.PNG.07c3aecbffb7470f762

 

 

And then there's the MASSIVE ONCOMING HEADWINDS...

 

dx030621d.thumb.PNG.6c8ac5e9762af5bdf966


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#5 Rogerdodger

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Posted 06 March 2021 - 06:20 PM

I think the 2nd seasonal chart above may be closest to the path.



#6 Rogerdodger

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Posted 07 March 2021 - 12:19 AM

.

Brutal March? Gold price at risk of a flash crash to $1,600

Gold could be looking at the $1,685 level next week, which should hold, according to Hug. "Gold is at a critical technical if you follow the Fibonacci indicators," he said. "I expect a bounce here from a technical perspective – gold to close and trade $1,700 next week, which is a psychological level. The $1,725 is the next level of resistance, followed by $1,750."

However, there is a clear risk of a drop towards $1,660, and even lower, Melek pointed out, citing the need for the Fed to clarify exactly when and under what conditions could the central bank intervene to control the yield curve. "Good economic numbers next week could make the low-1600s a zone rather than a hard stop," he said.

 


Edited by Rogerdodger, 07 March 2021 - 12:19 AM.


#7 SemiBizz

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Posted 07 March 2021 - 10:17 AM

I suspect there will be a metals market bounce on Monday, there should be after the Senate passed the pork bill.

 

But if it doesn't and this downside target happens... could be rough days ahead
 

6043eced4c234_10yrnote030621w.thumb.PNG.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#8 SemiBizz

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Posted 08 March 2021 - 03:41 PM

GOLD hit our targeted area "around" 1670 today...

 

I would be VERY VERY CAREFUL LONG here, because we have GANN working here and you might see a replay of this:

 

60468acc501d1_gold1670comparison.thumb.P


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

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#9 Chilidawgz

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Posted 08 March 2021 - 03:47 PM

Stop is set :)


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
 
 

#10 SemiBizz

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Posted 30 March 2021 - 07:49 PM

2nd Warning... today's low 1678

 

 

GOLD hit our targeted area "around" 1670 today...

 

I would be VERY VERY CAREFUL LONG here, because we have GANN working here and you might see a replay of this:

 

60468acc501d1_gold1670comparison.thumb.P


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics  http://parler.com/Volumedynamics