2512 replies to this topic

[senorBS]

UGLY reversal in gold, could be an abc up from the lows that is done, took some longs off early pre-market, now less that 10% long, gotta be careful here

 

Senor

[tradesurfer]

Yeap.  I guess I should not be surprised.  Once again a failure the day after near a critical juncture....  *sigh*....

 

 

UGLY reversal in gold, could be an abc up from the lows that is done, took some longs off early pre-market, now less that 10% long, gotta be careful here

 

Senor

[linrom1]

 

It looks like we completed an ABC in Wave 4. Alternatively this is some kind of a leading diagonal?

[linrom1]

I think miners got way too bullish for the environment we're in. If there is an up move coming like Hadik expects, it's going to be contrived.

[senorBS]

 

Yeap.  I guess I should not be surprised.  Once again a failure the day after near a critical juncture....  *sigh*....

 

 

UGLY reversal in gold, could be an abc up from the lows that is done, took some longs off early pre-market, now less that 10% long, gotta be careful here

 

Senor

 

I am not convinced at all we are going to new lows, after selling some stuff early I did a little buying in stuff that got creamed more like RGLD at 105.83 and KL at 34.16, NEM has been near unchanged plus or minus a little while other stuff took much bigger hits. For now will likely keep longs at 20% or lower, now about 15% long, as always DYODD

 

Senor

[Smithy]

Well played, Senor. The volatility is disconcerting.

 

Today is the "Ganniversary" of the 3/18/20 silver bottom.

 

I'm concerned that the uprush in interest rates is excessive and the beginning of the end.

[senorBS]

Well played, Senor. The volatility is disconcerting.

 

Today is the "Ganniversary" of the 3/18/20 silver bottom.

 

I'm concerned that the uprush in interest rates is excessive and the beginning of the end.

It a really difficult environment, which is why I am TRADING and doin so with light positions, still overall think we are in a bottoming "process", just hard to tell whether the final low is in place or we might need one more leg down.

 

Senor

[JGUITARSLIM]

Wouldnt it Be real frustrating if we just bounced around in this range for while ???

looking to buy back in on weakness, hopefully tomorrow

Edited by JGUITARSLIM, 18 March 2021 - 12:05 PM.

[Russ]

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

GDX is at a critical junction now, it needs to get above the top green line. 

Edited by Russ, 18 March 2021 - 12:30 PM.

[linrom1]

Commodities are imploding.