2512 replies to this topic

[senorBS]

UGLY

bear flag GDX

HOW LOW CAN SHE GO?

not too much further IMO, we see

 

Senior

[senorBS]

BTW PLAT looks like a nice hourly 5 up from what could be an int term corrective low recently at 1020, currently workin on a correction decline I believe, just more "overall" bullish evidence IMO, we see

 

Senor

[crossd]

$GOLD daily chart

 

50 d ma and 200 d ma converging about 1825..should cap any rally

 

happened before..  Feb 8th this year...then the final plunge from 1850 to 1675..

 

just sayin

 

donc

[senorBS]

IMO very bueno chance DBA is ending wave v of C basis daily and hourly charts, fits with an impending miner/gold/silver low

 

Senor

[CHAx]

IMO very bueno chance DBA is ending wave v of C basis daily and hourly charts, fits with an impending miner/gold/silver low

 

Senor

 

Yep I can see 5 in the C finally.  Hope youre right, gold/silver need some juice and soon, or else there is another leg.  The whole correction in gold is strange, and Id argue I think its strange there has been no follow through selling, either.  Look how well /PL has acted off the panic low and compare to GC and SI.  So many strange things in this market, post-fed.

[Smithy]

I'm nervous that g&s hourly is a 4th wave tri

[senorBS]

after failed rally attempts much of the week key Q is will todays early strength finally stick? I like the chances it will as the disbelief is certainly heavy IMO. Want to see a sustained gold rally above 1800 for some "real" confidence. I will not like it if we see a big fade today, lets see how it goes

 

Senor

[dougie]

"will not like it if we see a big fade today"

 

there you go and jinx it

[gannman]

i think we will be coming up on a great buying opp in this sector but it will take a little while maybe 2 weeks to a month

 

 

we will see all speculation at this point i have that whole rally we had from the end of mar as a wave B and this is a wave C 

 

we will see patience will pay off

[senorBS]

saw that the GOLD COT's were near the same levels as the March lows - another duck quacking or do we still need more downside? also PLAT ($90 off low) and PAL ($190 off low) rallied and closed nicely off their earlier week lows and large corrective declines could have ended, miner/gold ratios (and in general daily miner technicals) solidly oversold across the board, and European Basel III goes into effect Monday but note that is for European countries and not Britain (begins Jan 1, 2022), DBA may have hourly 5 up after end of possible daily ABC correction, CRB remains strong and has seen a very high level correction and Friday closed within TWO paltry pts of a new major rally closing high, in general miner 2nd qtr earnings should be strong. Sentiment toward gold/miners/silver in general fairly negative. Certainly seems like a lot more evidence for a gold/silver/miner low that a significant decline from here. We see and WTFDIK

 

Senor