Member
Posted 09 April 2021 - 09:49 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
NEM put in a double top and could not break above the downtrend line from last Aug. It needs to punch through that 63.60 area to turn positive but good luck to you anyway Senor. These huge bull flags from last Aug will eventually break out.
Member
Posted 09 April 2021 - 10:03 AM
the 5 wave advance off the lows to my eyes seems obvious. we are now correcting that advance. so far quite normal action
as a gann trader 1754 is the death zone for this advance. it is apowerful # . 1773 finishes this cycle . i expect a break into the next higher price cycle all in the fullness of time. w/the miners different miners lead at different times hmy seems to have picked up the mantle., personally i wont touch any s/africans i like my sleep. i do still own 1 sf miner. it just seemed so out of favor to me.
https://www.jsminese...image_thumb.png
these times are quite fascinating. this is a short but clear explanation. interesting many dont want to work , stimulus checks in hand https://www.goldisab...vp0170?r_done=1
dharma
Edited by dharma, 09 April 2021 - 10:04 AM.
Member
Posted 09 April 2021 - 10:13 AM
Orange light.... '123 Red light you stopped me'.... Kudos to Dougie for warning on the volume and mid march pivot point of 1755 which is the problem for now. OTOH... the miners are really persistent and have jumped back up.
Edited by Russ, 09 April 2021 - 10:21 AM.
Member
Posted 09 April 2021 - 12:36 PM
Member
Posted 09 April 2021 - 02:26 PM
imagine buying KL in 2013
Member
Posted 09 April 2021 - 04:23 PM
Next week expecting gold to rally to 1800... GDX to attempt fill that Jan gap
Member
Posted 09 April 2021 - 05:24 PM
Next week expecting gold to rally to 1800... GDX to attempt fill that Jan gap
sustained above 1760-65 then IMO 1815 becomes el magneto grande
Senor
Member
Posted 09 April 2021 - 07:50 PM
sustained above 1760-65 then IMO 1815 becomes el magneto grandeNext week expecting gold to rally to 1800... GDX to attempt fill that Jan gap
Senor
Member
Posted 10 April 2021 - 12:21 AM
The 9 month CCI at the top of the chart is why Gold is unlikely to take out the March low....
Interesting trend lines...
Edited by Russ, 10 April 2021 - 12:27 AM.
Member
Posted 10 April 2021 - 09:47 AM
Improved version, pointing at the Armstrong forecast for 3-5000 Gold by 2024 which is what I also see on my oscillator for timing. If things go insane then the top blue line around $20,000 is there but it's hard to see that happening.
Edited by Russ, 10 April 2021 - 09:48 AM.
