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


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#341 K Wave

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Posted 07 April 2021 - 07:41 AM

Gold thus far holding back test of now rising 5 min 900....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#342 K Wave

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Posted 07 April 2021 - 07:53 AM

GDX 30 min chart may just be the intermediate Decider.....

 

Pullback needs to be shallow to keep the Hopeful Path alive...

 

Back below 33 would be first sign something not quite right with IT bull picture....

 

gdx.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#343 gannman

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Posted 07 April 2021 - 09:12 AM

nem set up to make a large move up here imo


feeling mellow with the yellow metal


#344 JGUITARSLIM

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Posted 07 April 2021 - 10:49 AM

added more to GDX here (now 50% long) - believe we put in IT bottom



#345 gannman

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Posted 07 April 2021 - 10:57 AM

i agree 


feeling mellow with the yellow metal


#346 CHAx

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Posted 07 April 2021 - 11:15 AM

/HG /CL /RTY not acting well intra-day.  Could be a warning about general liquidity.  Im still biased thinking /GC has bottomed, but I am not convinced about /SI.



#347 dougie

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Posted 07 April 2021 - 11:50 AM

not sure how this is any different than the last 4 local highs but i am HAPPY to be wrong



#348 Russ

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Posted 07 April 2021 - 12:01 PM

not sure how this is any different than the last 4 local highs but i am HAPPY to be wrong

Gold put in a double bottom but the gold stock indices showed positive divergence, as has been said on this site before, stocks tend to lead the metal. 


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#349 dougie

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Posted 07 April 2021 - 12:05 PM

https://kimblecharti...hit-april-7.jpg



#350 K Wave

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Posted 07 April 2021 - 12:20 PM

And you may end up with a completely empty truck if you did not take a shot divergent double bottom 4 hour support....

 

But yes, should that support get broken, GLD 130-140 range would be next target zone.


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy