Anyone have any thoughts on the divergence between bonds and gold here? I'm thinking it's telling us gold is a major buy here.
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
#1712
CHAx
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Posted 17 June 2021 - 12:14 PM
I was in agreement, I said the door was open to 1080. darn, if only I traded as well as I predict
OMG plat down 8% now, 1050 now 
Why didn't I short ? 
Edited by CHAx, 17 June 2021 - 12:19 PM.
#1713
Russ
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Posted 17 June 2021 - 12:14 PM
Summer Solstice next monday could be the turn point.
"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/
#1714
linrom1
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Posted 17 June 2021 - 01:08 PM
This has to be at some buy level. Beans are down >10%.
#1715
CHAx
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Posted 17 June 2021 - 01:12 PM
If you have A as 5 waves subdivision off a wave 3, you should get 5 waves in C as a zigzag.....
#1716
senorBS
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Posted 17 June 2021 - 04:35 PM
This has to be at some buy level. Beans are down >10%.
DBA is a beautiful 5 up and we finally got the C wave we were expecting, now key is how low it goes
Senor
#1717
senorBS
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Posted 17 June 2021 - 04:40 PM
Anyone have any thoughts on the divergence between bonds and gold here? I'm thinking it's telling us gold is a major buy here.
Manipulation? hate to say it (I usually don't) but someone IMO wanted this stuff down. I mean yields collapse after all the inflation we've had and strong economy? Dollars soars on lower rates? and Feds jawboning yesterday IMO was garbage talk. I agree with you and to me this looks like a capitulation/panic/washout day. Be interested to see what some of the sentiment stuff looked like today, now 50% long with today's buys
Senor
#1718
senorBS
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Posted 17 June 2021 - 04:41 PM
Silj held up surprisingly well today. whacked in the AM? I think we have one more high left here before some weeks of down...
got that one right. tiptooing in
yep, nice call and buying
#1719
CHAx
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Posted 17 June 2021 - 05:04 PM
Well, sentiment collapsed today. Numbers just updated a few minutes ago:
https://www.tradersp...Trend/sentiment
zero percent silver bulls and 4 percent gold bulls, should provide some bounce soon I would think.
#1720
senorBS
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Posted 17 June 2021 - 05:09 PM
Anyone have any thoughts on the divergence between bonds and gold here? I'm thinking it's telling us gold is a major buy here.
Manipulation? hate to say it (I usually don't) but someone IMO wanted this stuff down. I mean yields collapse after all the inflation we've had and strong economy? Dollars soars on lower rates? and Feds jawboning yesterday IMO was garbage talk. I agree with you and to me this looks like a capitulation/panic/washout day. Be interested to see what some of the sentiment stuff looked like today, now 50% long with today's buys
Senor
also probably some significant Basel III stuff goin on as well
Senor
