2512 replies to this topic

[linrom1]

 

 

Is anyone still seeing the /GC wave off of the 3/31 low as corrective still?

It's still the most logical count on XAU.

 

 

ON /GC?

 

Wave one low [1801] on 1/19,  Wave two 2/10, Wave 3 [1674] 3/8.... so wave 4 invalidation at 1801?

 

Yes, except I don't think you can have divergence between GC and XAU for long and there is no impulse 5 wave down on XAU yet as far I can see?

Edited by linrom1, 21 April 2021 - 02:29 PM.

[gannman]

chax this is impulsive no doubt about that going much higher 

[dharma]

 i lived through the 70s lived through the inflation 1st hand. i dont see any difference from todays environment and the stagflation 70s . lumber prices soaring, food prices rising. wages rising(the govt is paying folks not to work, so to entice them to work wages are rising w/incentives). gas prices rising. what isnt rising??? house prices through the roof! at some point inflation will be prevalent. gold is so out of favor. there is no interest . doge coin is the game in town up 400%$ . one day soon the masses will wake up , they will be heading this way. yes, this dance has been seen before. a few gold nuts around here will be awakened by the thundering herd!

the mining biz is out of favor there has been little to no investment over the past several years. where is the supply going to come from. the surge in silver, became difficult to find silver w/o a high premium. same for gold . perth mint no material. agree w/gannman we are in wave 3 here.

i am patient

dharma

1793 breaks into the next higher price cycle.  shhh . back to sleep.  

by the way some juniors are having very notable strikes.  significant finds. 

Edited by dharma, 21 April 2021 - 02:38 PM.

[linrom1]

Oil continues to correct. The recovery might be just a mirage made up of Democrat and FED talking points. China is going into toilet and so will EU, followed by Japan.

Edited by linrom1, 21 April 2021 - 02:56 PM.

[dougie]

Oil continues to correct. The recovery might be just a mirage made up of Democrat and FED talking points. China is going into toilet and so will EU, followed by Japan.

are your charts upside down?

[Russ]

Paying respect to WD Gann... https://www.tradingv...ncredible-work/

[linrom1]

 

Oil continues to correct. The recovery might be just a mirage made up of Democrat and FED talking points. China is going into toilet and so will EU, followed by Japan.

are your charts upside down?

 

If you knew how to read charts or understood macroeconomics perhaps you wouldn't ask this question?

[JGUITARSLIM]

 i lived through the 70s lived through the inflation 1st hand. i dont see any difference from todays environment and the stagflation 70s . lumber prices soaring, food prices rising. wages rising(the govt is paying folks not to work, so to entice them to work wages are rising w/incentives). gas prices rising. what isnt rising??? house prices through the roof! at some point inflation will be prevalent. gold is so out of favor. there is no interest . doge coin is the game in town up 400%$ . one day soon the masses will wake up , they will be heading this way. yes, this dance has been seen before. a few gold nuts around here will be awakened by the thundering herd!
the mining biz is out of favor there has been little to no investment over the past several years. where is the supply going to come from. the surge in silver, became difficult to find silver w/o a high premium. same for gold . perth mint no material. agree w/gannman we are in wave 3 here.
i am patient
dharma
1793 breaks into the next higher price cycle.  shhh . back to sleep.  
by the way some juniors are having very notable strikes.  significant finds. 

Bingo !!! Only thing missing I see are the long lines at gas station...

I can see oil heading back into $70s this year .

Edited by JGUITARSLIM, 21 April 2021 - 08:14 PM.

[dougie]

 

 

Oil continues to correct. The recovery might be just a mirage made up of Democrat and FED talking points. China is going into toilet and so will EU, followed by Japan.

are your charts upside down?

 

If you knew how to read charts or understood macroeconomics perhaps you wouldn't ask this question?

 

 

 

 

 

Oil continues to correct. The recovery might be just a mirage made up of Democrat and FED talking points. China is going into toilet and so will EU, followed by Japan.

are your charts upside down?

 

If you knew how to read charts or understood macroeconomics perhaps you wouldn't ask this question?

 

https://finviz.com/f....ashx?t=CL&p=w1

 

continues to correct in what time frame?

[Russ]

Bearish count,  (not saying I agree with this but thought it worth sharing)  https://www.tradingv...structure-down/