Member
Posted 15 April 2021 - 03:11 PM
by the way , it looks very possible for a big run up in the broad market
possible
i do not feel compelled to do anything here , but to me , this looks like the 8month correction is ending and a new leg higher is beginning i am positioned.
gold stocks always lead, up and down
dharma
Edited by dharma, 15 April 2021 - 03:12 PM.
Member
Posted 15 April 2021 - 03:17 PM
I think GDX has 37 left in the tank before next pause....may know by tomorrow...Took 1/3 my position off GDX here (simple profit taking) - still expecting higher prices.
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...
Member
Posted 15 April 2021 - 11:25 PM
Senor: did you jump back in or are you content to be flat here?
Member
Posted 16 April 2021 - 07:12 AM
Bitcoin all the way back down to 60K.....looks like extremely important pivot now.
If bulls fail to hold it, party likely over there....
Pretty classic 3 drive top setup...should Bitcoin take out 60K and start crashing....
Edited by K Wave, 16 April 2021 - 07:18 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 16 April 2021 - 07:41 AM
https://goldprice.or...rice-euros.html
Gold in Euros starting to run into some overhead resistance, BUT it looks like it wants to tag 1540 over the coming weeks.
Member
Posted 16 April 2021 - 09:15 AM
Looks like it was OpEX scam.
Member
Posted 16 April 2021 - 10:10 AM
well this is a nice change so far...consolidating the breakout attempt instead of immediately reversing...
see if bulls can push it out the top later....
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 16 April 2021 - 10:13 AM
one of my long term favorite charts https://kingworldnew...a-I-4152021.jpg
the piper will be paid https://kingworldnew...N-I-4152021.jpg
a closing takeout of 1773 finishes this price cycle 1793 breaks into the next higher price cycle
the thing w/time price cycles when they get right translated, ie they take up alot of time, then the up moves can see big price appreciation in 10/20% of the time. and after a lengthy consolidation folks tend to sell quickly so as to avoid any pain. i am taking it a day at a time. it may be a mirror of last years may to august rally.
dharma
Member
Posted 16 April 2021 - 10:44 AM
one of my long term favorite charts https://kingworldnew...a-I-4152021.jpg
the piper will be paid https://kingworldnew...N-I-4152021.jpg
a closing takeout of 1773 finishes this price cycle 1793 breaks into the next higher price cycle
the thing w/time price cycles when they get right translated, ie they take up alot of time, then the up moves can see big price appreciation in 10/20% of the time. and after a lengthy consolidation folks tend to sell quickly so as to avoid any pain. i am taking it a day at a time. it may be a mirror of last years may to august rally.
dharma
Stories like these make sense in context of long term bull market. Here we are, 5% off the lows after a 20% correction. Do you all think China is selling at these prices? Russia? Maybe a few ME or SA countries might have some central bank sales, but not the big ones. Bottom line is that the central banks are the biggest buyers and holders.
https://www.zerohedg...old-backed-yuan
Obviously, this is not at all trade-able information, but big picture is important to keep in mind (as is the purpose of this thread).
Edited by CHAx, 16 April 2021 - 10:44 AM.
Member
Posted 16 April 2021 - 11:18 AM
Out of commodities.
