Silver getting pretty wedged out on 5 min time frame...may see some sort of decision made soon.....
THE PRIMARY WAVE THREE thread and finding the Intermediate wave TWO corrective low
Started by
senorBS
, Mar 05 2021 02:27 PM
2512 replies to this topic
#531
K Wave
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Posted 20 April 2021 - 08:00 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
#532
gannman
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Posted 20 April 2021 - 09:03 AM
bottom line here the direction for miners is up
target for gdx is between 60 and 65 imho minimum of 57
feeling mellow with the yellow metal
#533
gannman
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Posted 20 April 2021 - 09:20 AM
i would like to see slv blast thru the 50 dma also everything looks good
feeling mellow with the yellow metal
#534
K Wave
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Posted 20 April 2021 - 09:34 AM
SILJ no longer leading....Stop on Silver at 25.70 might be prudent 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
#535
K Wave
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Posted 20 April 2021 - 09:35 AM
and now RUT joins SOX in making fresh lows for month of April....HUGE pivot zone on Rusty here....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#536
linrom1
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Posted 20 April 2021 - 10:25 AM
Now that NEM is only $6 away from its Aug high, it'll be only fitting for gold to dump to $1500. One of the most glaring examples of putting cart in front of the horse.
Edited by linrom1, 20 April 2021 - 10:26 AM.
#537
CHAx
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Posted 20 April 2021 - 12:48 PM
Now that NEM is only $6 away from its Aug high, it'll be only fitting for gold to dump to $1500. One of the most glaring examples of putting cart in front of the horse.
If that is a possibility, then you must consider the other possibility: There is enough liquidity to support August gold prices in the coming months and the market is already pricing that into gold equities.
#538
linrom1
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Posted 20 April 2021 - 02:28 PM
Now that NEM is only $6 away from its Aug high, it'll be only fitting for gold to dump to $1500. One of the most glaring examples of putting cart in front of the horse.
If that is a possibility, then you must consider the other possibility: There is enough liquidity to support August gold prices in the coming months and the market is already pricing that into gold equities.
If so, then the metal offers better returns than miners.
#540
K Wave
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Posted 21 April 2021 - 09:01 AM
Silver givin' it a shot at pushing it out the top of the big wedgie.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
