2512 replies to this topic

[CHAx]

/VX front month contract trading at 16!!!  wow!

[linrom1]

 

I think we go down hard here on metals.

 

US10 is at 1.45%?

 

How is that bad for gold?  Real inflation running hot, nominal rates low.....  Negative real rates.   Not that fundamentals matter for trading but what am I missing?

 

Money is flowing into bonds. The market is signaling a correction. Gold has been going up since 2016.

[dougie]

i think we run here now . decline likely in.

oops

[crossd]

 

I think we go down hard here on metals.

 

US10 is at 1.45%?

 

How is that bad for gold?  Real inflation running hot, nominal rates low.....  Negative real rates.   Not that fundamentals matter for trading but what am I missing?

 

 

..low rates could mean economy and stocks weaker down the road..but will gold..PMs follow?  sometimes they do and sometimes they don't..

 

donc

[dougie]

dharma:

is the premium for   silver coins higher here than normal?

[CHAx]

I've got two different short term bull counts.  One says we've bottom in © for wave ii of 5 at Friday's close .....

 

 

OR an alternate bull count that's looking for a low Monday/Tuesday after the b wave pictured below:

 

 

 

Edited by CHAx, 13 June 2021 - 04:31 PM.

[Russ]

Martin Armstrong's 16 week gold cycle and 18 week silver cycle are converging now, these cycles date back to the 1980 top. 

 

Gold is breaking support tonight as the dollar index is breaking out of it's bullish wedge. 

[gannman]

my count on gld is that from the low on mar 30 to the top on june 1 we did a wave i of 3

 

and are now correcting in a wave ii of 3. .38 retrace would be a pullback to about 171 area

[Smithy]

Dougie, for years the premium for silver coins was less than 5%; when Covid struck it rose to 20-25%; last few months it settled around 18% and last few weeks has declined to 14.8%, all based on 1 oz silver buffaloes at SD Bullion.

[linrom1]

Bought some GLD, PSLV, DBA and ASHR(China).