Member
Posted 14 June 2021 - 08:44 AM
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:
Can scratch this count depicted in chart (alternate count). There won't be a B wave into a C wave low. HOWEVER, this whole move down from Friday can still be a CWave (extensions of 5 in the subminuette ), so primary count for the Wave2 low is still valid and looking correct.
Member
Posted 14 June 2021 - 08:57 AM
Marty's Gold and Silver cycle's chart created by Ross Clark at ChartsandMarkets.com 
Member
Posted 14 June 2021 - 08:57 AM
i also want to change my count for gdx. from the low on mar 30 to the high on may 19 we did wave i of 3
we did a total of 8.48 points. we are now in a wave ii correction with wave iii of 3 ahead of us
Member
Posted 14 June 2021 - 09:00 AM
Can scratch this count depicted in chart (alternate count). There won't be a B wave into a C wave low. HOWEVER, this whole move down from Friday can still be a CWave (extensions of 5 in the subminuette ), so primary count for the Wave2 low is still valid and looking correct.
So, this is a bit early, but my guess is the wave IV is complete as a flat correction ("double3" ABC) for /GC. Adding strength to my conviction is the confirming price action in /SI and the relative strength. Still early in the session, but this price action is looking very bullish (so far).
Member
Posted 14 June 2021 - 09:04 AM
Sold PSLV, it trades at $0.10 Premium. No value.
Member
Posted 14 June 2021 - 09:28 AM
Sold PSLV, it trades at $0.10 Premium. No value.
Now at a Discount of -.3%. Bought.
Member
Posted 14 June 2021 - 10:50 AM
added a little more in NEM and GDXJ this mornin as they registered modest new decline lows for what I believe is the 8th or 9th inning of this correction, I had several "stink bids" in and none got filled, that IMO is bullish as miners showing some nice relative strength, most of the miner/gold ratios did NOT register new lows below last weeks possible ending large abc declines. And gold itself lookin like a double zig decline very possibly done this mornin from the Mat 31 high near 1916. we see
Senor
Member
Posted 14 June 2021 - 11:52 AM
looks like a buyable low as Senor says.
Member
Posted 14 June 2021 - 03:32 PM
looks like a buyable low as Senor says.
could have a few more "squiggles" but I think we are close, we see
Senor
Member
Posted 15 June 2021 - 09:44 AM
added a little again this morning as my accumulation mode continues, about 30% long now, takin my time, as always DYODD
GOAU gap fill happening and just about at 50-day MA - do not own it yet, just doin some chart watchin
Senor
Edited by senorBS, 15 June 2021 - 09:45 AM.
