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THE PRIMARY WAVE THREE thread and finding the Intermediate wave TWO corrective low


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#2201 senorBS

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Posted 26 September 2021 - 08:36 PM

I am watching the Aussie XGD miner index VERY closely here thinking it has a very good chance to be ending a large wave C decline. The weekly chart shows the current new decline low and that the Aussies have been hammered (look where March 2020 low was) - notice the weekly divergence we "currently" have as well at very oversold levels. Daily and hourly charts IMO suggest this just might be wave v of 5 of C. A sharp turn up from this area (5850) could be very bullish while a drop of another 1000200 pts or so now could indicate we may test the March 2020 low - rather critical juncture here.

 

XGD.AX - ASX All Ordinaries Gold Index Stock Interactive Chart - Barchart.com

 

Senor

I'll go WAY out on a limb and say I "think" Aussie XGD is putting in a final corrective low here - as always DYODD

 

Senor



#2202 senorBS

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Posted 27 September 2021 - 08:26 AM

will this bullish looking "coil" ever unleash? time will tell

 

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#2203 senorBS

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Posted 27 September 2021 - 08:36 AM

Wow, got KL? My largest position just unreal action, gotta wonder if a buyout is happenin here? as always DYODD

 

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#2204 senorBS

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Posted 27 September 2021 - 08:56 AM

will this bullish looking "coil" ever unleash? time will tell

 

Senor

got that feelin in da pit of my stomach and a twitchin nose - we see. As always DYODD

 

Senor



#2205 Smithy

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Posted 27 September 2021 - 10:12 AM

gold pulling downwards relative to silver


Edited by Smithy, 27 September 2021 - 10:12 AM.


#2206 senorBS

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Posted 27 September 2021 - 03:48 PM

BTW here is a link to a guy and IKN about a possible KL buyout - I know nothing about this guy or "IKN news" for that matter so take it FWIW

 

Senor

 

https://iknnews.com/...ss-from-ikn644/



#2207 senorBS

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Posted 28 September 2021 - 12:31 PM

BTW here is a link to a guy and IKN about a possible KL buyout - I know nothing about this guy or "IKN news" for that matter so take it FWIW

 

Senor

 

https://iknnews.com/...ss-from-ikn644/

Looks like AEM and KL basically merging, no premium for KL - who knows very short term but IMO this will be the premier senior gold company with 83% of assets in Canada and a large one in Finland, good synergies, medium to long term should be excellent IMO. Holding my KL position 

 

CHECK THIS OUTyes.gif bull.gif : A added some more this morning, gettin closer and clser to a major low methinks, as always DYODD

 

Senor

 

Found This interesting...tweet by Lawrence Lepard..........................................................Hulbert Gold News Letter Sentiment. HGNSI is -30.65 tonight. Since 2000 only 2.2% of the observations have been worse. Mostly late 2015. This is basically capitulation. Could it go lower? Sure. But we are at or near the bottom IMO.



#2208 linrom1

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Posted 28 September 2021 - 01:42 PM

 

BTW here is a link to a guy and IKN about a possible KL buyout - I know nothing about this guy or "IKN news" for that matter so take it FWIW

 

Senor

 

https://iknnews.com/...ss-from-ikn644/

Looks like AEM and KL basically merging, no premium for KL - who knows very short term but IMO this will be the premier senior gold company with 83% of assets in Canada and a large one in Finland, good synergies, medium to long term should be excellent IMO. Holding my KL position 

 

CHECK THIS OUTyes.gif bull.gif : A added some more this morning, gettin closer and clser to a major low methinks, as always DYODD

 

Senor

 

Found This interesting...tweet by Lawrence Lepard..........................................................Hulbert Gold News Letter Sentiment. HGNSI is -30.65 tonight. Since 2000 only 2.2% of the observations have been worse. Mostly late 2015. This is basically capitulation. Could it go lower? Sure. But we are at or near the bottom IMO.

 

Now we know why it took off.



#2209 senorBS

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Posted 28 September 2021 - 07:04 PM

 

 

platinum. one word

"Bullish' the word? Looks like 5 up to me off recent 901 low, also the decline from Feb's1337 high could be an ending/ended abc down into that 1901 low - that's my preferred count, we see

 

Senor

 

yep

 

Dougie, its possible PLAT's abc ended today near 960, could still work a bit lower yet but what was necessary on the corrective side, if we are correct on the 5 up, has been done

 

Senor



#2210 Russ

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Posted 28 September 2021 - 10:48 PM

Oct. 13 +/- a day will be THE Low for Gold. 

 


Edited by Russ, 28 September 2021 - 10:51 PM.

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