Member
Posted 09 April 2021 - 07:34 AM
Updated Silver 4 hour.
Critical action dead ahead....
If it starts to slip back below about 24.60, a move towards $20 still possibly in the cards.
But if it can hold around here for a day or 2 and then take out the green 200 MA upside, IT swing low could be in.....
Essentially, bulls have to get back above the green line before it death crosses....
Edited by K Wave, 09 April 2021 - 07:34 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 09 April 2021 - 08:18 AM
In retrospect Newmont was the tell on this pullback, the leader led it down.
Member
Posted 09 April 2021 - 08:23 AM
So far ETH stalled right at 2100....now trying decide whether it wants to start rolling back over on 1 min time frame....
Have a feeling big decision about to made on Crypto....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 09 April 2021 - 08:27 AM
In retrospect Newmont was the tell on this pullback, the leader led it down.
As long as NEM holds back test of 5 min 900 around 61.20, it should be OK...
Back below 60 could be a problem....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 09 April 2021 - 08:34 AM
In retrospect Newmont was the tell on this pullback, the leader led it down.
As long as NEM holds back test of 5 min 900 around 61.20, it should be OK...
Back below 60 could be a problem....
recovery needed very quickly on NEM now...ugly start to the day....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 09 April 2021 - 08:47 AM
The consolidation on rates might be over, they jumped today.
The thing about NEM is that its biggest holder is Euro Pacifica, that's Peter Schiff . Last year while talking up gold, he was the biggest seller during last QTR. He sold +5million shares. He might have bought back?
Member
Posted 09 April 2021 - 08:52 AM
In retrospect Newmont was the tell on this pullback, the leader led it down.
As long as NEM holds back test of 5 min 900 around 61.20, it should be OK...
Back below 60 could be a problem....
recovery needed very quickly on NEM now...ugly start to the day....
So far so good....
that pivot low absolutely has to hold now
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 09 April 2021 - 09:00 AM
In retrospect Newmont was the tell on this pullback, the leader led it down.
As long as NEM holds back test of 5 min 900 around 61.20, it should be OK...
Back below 60 could be a problem....
recovery needed very quickly on NEM now...ugly start to the day....
So far so good....
that pivot low absolutely has to hold now
I am out now, I bought NUGT around 53 on March 31 and sold it all today around 61. I think there will be a rally into August for the golds but will look to re-enter after this correction. NEM is rolling over.
Member
Posted 09 April 2021 - 09:31 AM
Member
Posted 09 April 2021 - 09:33 AM
In retrospect Newmont was the tell on this pullback, the leader led it down.
and IMO provided another solid buy opp into this mornings gaps lower, we see
Senor
