Member
Posted 12 March 2021 - 03:53 PM
I am almost tempted to start dollar cost averaging GDXU down here... There may be some more downside but we are already down 33% in GDX from the peak in August.
I guess we could go down another 10% in GDX which would be a 30% drawdown in GDXU, but that seems unlikely from this juncture.
Member
Posted 12 March 2021 - 11:34 PM
gold had a 3 wave bounce off 8th lows. doest look like this could be a wave 4 as it overlapped 1
Member
Posted 12 March 2021 - 11:36 PM
in other words Patience patience
Member
Posted 14 March 2021 - 09:29 AM
in other words Patience patience
si, I've done solid trading in and out the past several months, kept my accts within 1% of all-time highs at Fridays close, given where miners are compared to last August I am very pleased with that! Now the job is trying to identify when this large correction ends or if it has ended - nothing at all definitive on that at this time.
Senor
Member
Posted 14 March 2021 - 03:46 PM
Great chart of HGNSI readings since 2018 and the current EXTREME bearishness
Gold Timers Are Finally Throwing in the Towel - TheStreet
Member
Posted 14 March 2021 - 06:25 PM
in other words Patience patience
si, I've done solid trading in and out the past several months, kept my accts within 1% of all-time highs at Fridays close, given where miners are compared to last August I am very pleased with that! Now the job is trying to identify when this large correction ends or if it has ended - nothing at all definitive on that at this time.
Senor
that is truly remarkable Senor. Hats off stuff.
I think we have a week or so up now, then down into april sometime then we mess about to the upside into summer
Member
Posted 14 March 2021 - 07:59 PM
Chitcoin new highs above 60,000 with 2nd large weekly RSI divergence on this latest move and MONTHLY RSI above 92 (pretty rare event? Looks/acts/smells like a parabolic in its latter stages - doesn't mean it can't blow off another 5-10-15000 but once its over it IMO will end like all parabolics do - badly and drop at least 80%, we see
Senor
Member
Posted 14 March 2021 - 08:13 PM
Pull up a weekly of CDE:
best case scenario where might it get to in a silver BUll?
Member
Posted 14 March 2021 - 08:59 PM
Chitcoin new highs above 60,000 with 2nd large weekly RSI divergence on this latest move and MONTHLY RSI above 92 (pretty rare event? Looks/acts/smells like a parabolic in its latter stages - doesn't mean it can't blow off another 5-10-15000 but once its over it IMO will end like all parabolics do - badly and drop at least 80%, we see
Senor
well i am along for the ride. I think LT we are going MUCH higher after a sizeable pullback. the general public aint in
Member
Posted 15 March 2021 - 08:39 AM
Miners not that cheap anymore. I think gold is a short here?
Edited by linrom1, 15 March 2021 - 08:46 AM.
