2512 replies to this topic

[dougie]

 

this is good the next wave up has started . the time segmented volume on gdx and nem 

 

and gdxj has crossed the zero line which is key . i like what i am seeing this should continue 

 

wuth a strong advance 

Si, I think we are at another of those "show time" junctures. wave counts certainly are set up for a possible upside acceleration in gold above key 1755-1765 resistance, however if we fail badly there or lower then it could get ugly quickly. I will allow for modestly lower prices from here but that's it, about 40% long and watching closely.

 

Senor

 

great strategy! Wish i could emulate you

[Russ]

From Martin Armstrong and Socrates Traders facebook page...   

David Isham

YcdestlSltterpfthsSnioadany anrth s9:hS3m5 mAorMred  · 

 

"We are on target. Apex of triangles is where reversals can occur and this apex falls on June 18th which is right in the Arrmstrong gold-silver benchmark dates of the week of June 7th through the week of June 14th. If we break down into a low in this time frame would be a good place to buy.   GDX apex and reversal coming here @ 34.69. Should resolve itself by tomorrow."

 

Edited by Russ, 13 April 2021 - 11:58 PM.

[dougie]

 

From Martin Armstrong and Socrates Traders facebook page...   

David Isham

YcdestlSltterpfthsSnioadany anrth s9:hS3m5 mAorMred  · 

 

"We are on target. Apex of triangles is where reversals can occur and this apex falls on June 18th which is right in the Arrmstrong gold-silver benchmark dates of the week of June 7th through the week of June 14th. If we break down into a low in this time frame would be a good place to buy.   GDX apex and reversal coming here @ 34.69. Should resolve itself by tomorrow."

 

 

that would work Russ: gnashing and wailing to ensue

[senorBS]

 

From Martin Armstrong and Socrates Traders facebook page...   

David Isham

YcdestlSltterpfthsSnioadany anrth s9:hS3m5 mAorMred  · 

 

"We are on target. Apex of triangles is where reversals can occur and this apex falls on June 18th which is right in the Arrmstrong gold-silver benchmark dates of the week of June 7th through the week of June 14th. If we break down into a low in this time frame would be a good place to buy.   GDX apex and reversal coming here @ 34.69. Should resolve itself by tomorrow."

 

 

I do see the bear "possibility" here as I do the bullish one, but as I wrote earlier it's show time IMO for the bulls, using some fairly tight stops today, as always DYODD

 

Senor

[senorBS]

with this new $50 Billion or so CRYPTO offering today and new Bitcoin highs (5th wave?) will be interesting to see of some type of high gets made, we see

 

Senor

[senorBS]

not crazy about what I am seeing - exited half of longs, tight stops on rest, as always DYODD

 

Senor

[linrom1]

 

It looks like it could be 1-2. It moved up almost 0.76%, which is a bit too high for a corrective way.

[K Wave]

with this new $50 Billion or so CRYPTO offering today and new Bitcoin highs (5th wave?) will be interesting to see of some type of high gets made, we see

 

Senor

Look what happened lat time XRP was late to the party in 2017.....maybe it will be different this time, but maybe not, and is once again a sign of extreme speculative frenzy....

 

60K now the key level...as long as it holds above that, honestly no telling how high it could blow.....

But back below that now, and unwind could come fast.....

[K Wave]

Silver coming to another time of decision as it trades sideways just below potential explosion point after recovering key level yesterday...

 

A solid move over 25.50 now, and it could very well be Off To The Races...

 

24.60 still hard stop.....probably back below 25 again would be big warning sign now.

[K Wave]

5 & 15 min GLD giving a very nice look at things right now....

 

Looks like whoever wins the battle of either 162 or 164 to me....bulls looks to still have the benefit of doubt at this time....but they need to get it gear upside very soon.

Back below about 162.20 might signal first potential trouble...