2512 replies to this topic

[linrom1]

 

 

 

NEM going to $83? There is a possibility that gold diverges from stocks?

Also the possibility stocks could go Supercalifragilisticexpialidocious bubble mode

 

13600 on NDX looks like bifurcation point to me. Unless bears can get it back under that level relatively soon, Nasdaq could go fully vertical for a number of months.....

 

Watch SOX 3k for clues.... if it finds its footing here today, and takes that out, full blowoff mode reasonably likely....back above 3260 on SOX would be first indication of that possibility....

 

 
YM is reaching in some kind of a top, it could be only Wave III, but it's a top.

[K Wave]

Bizzaro world on Nadaq today....Decliners climbing as index climbs...

[K Wave]

PLG hourly...coiling for another step up the ladder?

 

[dharma]

gold dsi =22

hgnsi =-20  wow not sure i get this one 

the 8month correction caused many to leave the sector,  there will not be good interest until higher #s

so here we are in stealth mode, corrections chop traders up.   this move up should result in a good trend higher

dharma

[Russ]

GDX etc. have broken above their bull flags from last August but Gold have not,  but as has been noted many times gold stocks tend to lead the metal. 

 

[linrom1]

Larry Presavento bought gold at 1750, so with his luck of recent I suspect that his stop at 1749 will be taken out soon. LOL

[JGUITARSLIM]

Took 1/3 my position off GDX here (simple profit taking) - still expecting higher prices.

[CHAx]

Good news for the /GC bulls.  Small spec shorts are adding at higher prices, not covering.  

 

https://www.dailyfx.com/gold-price

[linrom1]

As Greg Mannarino would say " What a sh*tshow."

[K Wave]

Took 1/3 my position off GDX here (simple profit taking) - still expecting higher prices.

I think GDX has 37 left in the tank before next pause....may know by tomorrow...

 

Then it needs to correct mostly sideways and hold 35 on any pullback....assuming it does not explode through 37 level, which would change things a lot, and could lead to much faster advance...