Seems we are at similar juncture as was 3/6/2020 and 8/1/2008 in Silver....
We are not out of the woods yet.
We need a huge strong move up starting tomorrow otherwise the risk is the ice breaks under us.
THE PRIMARY WAVE THREE thread and finding the Intermediate wave TWO corrective low
Started by
senorBS
, Mar 05 2021 02:27 PM
2512 replies to this topic
#91
tradesurfer
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#92
senorBS
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Posted 17 March 2021 - 07:30 AM
Seems we are at similar juncture as was 3/6/2020 and 8/1/2008 in Silver....
We are not out of the woods yet.
We need a huge strong move up starting tomorrow otherwise the risk is the ice breaks under us.
Si tend to agree we are at a possible corrective rally ending or strong rally leg begins juncture - with new highs on 10 and 30 yr yields this fine mornin, 30 yr now above 2.4%, perhaps adding some "stress" to the markets today? we see as so far looks quiet but we know how that can change
Senor
#93
senorBS
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Posted 17 March 2021 - 01:27 PM
LOL FED - no rate increases thru 2023, sorta seems like a "got gold" kinda scenario BWTFDIK? Dollar so far takin it in the shorts as it should IMO
Senor
#95
dougie
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Posted 17 March 2021 - 01:31 PM
palladium the new gold?
#96
dougie
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Posted 17 March 2021 - 03:10 PM
SILJ filled gap. down from here for a couple weeks?
#97
linrom1
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Posted 17 March 2021 - 03:15 PM
I just have to wonder why the market had to wait for FOMC. Powell didn't say anything other than complement Faucci for single-handedly defeating COVID.
#98
CHAx
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Posted 17 March 2021 - 03:19 PM
I just have to wonder why the market had to wait for FOMC. Powell didn't say anything other than complement Faucci for single-handedly defeating COVID.
Last time Jerome spoke he tanked silver prices $1.50 and gold $30 because he wasn't dovish enough and wouldn't comment on rates moving higher. Today, while he avoided commenting on rates and SLR, the Fed meeting notes were more dovish than expected. So the price action makes perfect sense if you ask me.
#99
Russ
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Posted 17 March 2021 - 11:43 PM
I have a good trend on the GDM gold miner's index to form a high in mid July 2021.
"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/
#100
gannman
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Posted 18 March 2021 - 05:19 AM
mid july makes sense to me
right now i have this as a iv of c in slv with
the v of c to come fwiw
pretty sure of this count
Edited by gannman, 18 March 2021 - 05:19 AM.
feeling mellow with the yellow metal
