2512 replies to this topic

[gannman]

tomorrow is the moment of truth for this sector. it should bottom but i want to see it bottom and rally strongly

 

all fwiw

[dougie]

well call me tooearly

seeing some minor capitulation here but not enough yet

[senorBS]

well call me tooearly

seeing some minor capitulation here but not enough yet

waitin on da Fed, when I look at many miner indices/ETFs/stocks IMO this decline from the May highs (19th in many cases) looks corrective and perhaps done or one last dive away, lot of stuff appears to be bottoming at the area of some daily MA's as well, as always DYODD and be wary of post Fed "fakeouts", we see

 

Senor

[CHAx]

 

well call me tooearly

seeing some minor capitulation here but not enough yet

waitin on da Fed, when I look at many miner indices/ETFs/stocks IMO this decline from the May highs (19th in many cases) looks corrective and perhaps done or one last dive away, lot of stuff appears to be bottoming at the area of some daily MA's as well, as always DYODD and be wary of post Fed "fakeouts", we see

 

Senor

 

 

Definitely need to let this all settle out here.  Market participants are so delusional right now about inflation,  traders need to be careful if the irrational actors can push markets during the next 24-48 hours.  I will not be shocked if they can somehow rally the dollar and 10yr treasuries after Fed meeting.  Im looking to get fully long /GC and /SI on further weakness.  Id be fully long right now if I wasn't so suspicious of the dollar rallying and gold dropping on no change in policy (no rate hikes and no major change to Fed outlook is what I expect).  Normally, when expectations are met, one would expect gold to react positively, but again, market participants are NOT rational about inflation/rates/dollar.   Still long 50% /GC 10% /SI.  I have a nice bull count that says we should be at wave IV low here, but I just don't trust it enough to add yet.

 

BTW sentiment has gone neutral on everything I've looked at.  We are close to or at wave IV low IMO.  How to trade it with some risk management guard-rails though, is my primary concern.

[senorBS]

 

 

well call me tooearly

seeing some minor capitulation here but not enough yet

waitin on da Fed, when I look at many miner indices/ETFs/stocks IMO this decline from the May highs (19th in many cases) looks corrective and perhaps done or one last dive away, lot of stuff appears to be bottoming at the area of some daily MA's as well, as always DYODD and be wary of post Fed "fakeouts", we see

 

Senor

 

 

Definitely need to let this all settle out here.  Market participants are so delusional right now about inflation,  traders need to be careful if the irrational actors can push markets during the next 24-48 hours.  I will not be shocked if they can somehow rally the dollar and 10yr treasuries after Fed meeting.  Im looking to get fully long /GC and /SI on further weakness.  Id be fully long right now if I wasn't so suspicious of the dollar rallying and gold dropping on no change in policy (no rate hikes and no major change to Fed outlook is what I expect).  Normally, when expectations are met, one would expect gold to react positively, but again, market participants are NOT rational about inflation/rates/dollar.   Still long 50% /GC 10% /SI.  I have a nice bull count that says we should be at wave IV low here, but I just don't trust it enough to add yet.

 

BTW sentiment has gone neutral on everything I've looked at.  We are close to or at wave IV low IMO.  How to trade it with some risk management guard-rails though, is my primary concern.

 

Yeah I am keepin it "light" for now at about 32% long, wanna be careful and be able to add if they hit it hard and I still think a bottom is occurring, but also want to be long because I think ultimately miners/metals are goin a lot higher and at some point they ZOOM

 

Senor

[linrom1]

 

Silver should start moving up in either wave V or III.

Edited by linrom1, 16 June 2021 - 12:08 PM.

[CHAx]

 

Silver should start moving up in either wave V or III.

 

Count looks right except the proportion of the A of ABCDE.  Is it possible a triple 3 WXYXZ is a better fit in there?

[linrom1]

 

 

Silver should start moving up in either wave V or III.

 

Count looks right except the proportion of the A of ABCDE.  Is it possible a triple 3 WXYXZ is a better fit in there?

 

Could be, but it's 3-3-3-3-3 like an ABCDE

[senorBS]

many MA's (50 and 200) tagged on the post Fed dive, had orders in GDXJ/NEM and others there and they got filled, now about 40% long

 

Senor

[linrom1]

The market crashed after Biden spoke. LOL