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Posted 14 February 2022 - 09:33 PM
PPI tomorrow and Ukraine invasion on 2/16. Why gold not at 2000?
I am in and out. The market let's you cover your shorts, but, they're buying all dips so you got to use stops and quickly get out. I am waiting for NEM. Hopefully they run it up into earnings on 2/24. I believe this is one big albatross.
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Posted 15 February 2022 - 12:03 AM
Armstrong Panic Cycle for Silver in week of Feb 21 .... 
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Posted 15 February 2022 - 12:24 AM
I'm not liking that GLD has surged into my mid Fed date which should have been a low but it is breaking out of it's wedge so this is a difficult decision.
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Posted 15 February 2022 - 07:34 AM
Correction to above, I meant GLD surging into my Mid February Date.
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Posted 15 February 2022 - 08:54 AM
FWIW doing a little buying pre market at what I consider near term pullback targets, will have fairly tight stops on these positions
Senor
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Posted 15 February 2022 - 09:28 AM
The turquoise line is Armstrong's bullish reversal number, gold just bounced off of it.
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Posted 15 February 2022 - 10:30 AM
By Avi
No matter how I slice this, the metals market is a complete mess. Silver still has a downside potential, as presented in yellow. So, I would imagine much will depend on whether we get an a-b-c corrective pullback in wave 2 in green, and then break out over the high of wave 1 or not. In the meantime, this is starting to look like a 5-wave decline in metals overnight. And, if so, I may buy back some of the hedges I was stopped out of last week. with stops at the high from yesterday.
Member
Posted 15 February 2022 - 10:44 AM
Armstrong Panic Cycle for Silver in week of Feb 21 ....
Good stuff!
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Posted 15 February 2022 - 10:57 AM
This might be potentially better short than NEM, becasue they're buying it like it was crypto or NFT.
Edited by linrom1, 15 February 2022 - 10:58 AM.
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Posted 16 February 2022 - 10:47 AM
By Avi
No matter how I slice this, the metals market is a complete mess. Silver still has a downside potential, as presented in yellow. So, I would imagine much will depend on whether we get an a-b-c corrective pullback in wave 2 in green, and then break out over the high of wave 1 or not. In the meantime, this is starting to look like a 5-wave decline in metals overnight. And, if so, I may buy back some of the hedges I was stopped out of last week. with stops at the high from yesterday.
He is not alone, lots of guys confused, not long, doubting etc - perhaps as much as I have seen in a long time. That for me is a good recipe for further rally. I like what I see again today, GDX looking very good (as does barrick) but NO complacency from me and I would not want to see any significant downside reversal today - that would likely get me totally out. Long and vigilant!
Senor
