Gold and GDX are oversold,however, the ten year yield still has me concerned regarding gold. If it keeps rising, gold will continue to fall.
Back in the day I used to subscribe to Richard Russel. This is how he measured inflation.
Sold my GDX shortly after the open on Tuesday.
Started by
Chilidawgz
, Mar 10 2021 05:21 AM
9 replies to this topic
#1
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 10 March 2021 - 05:21 AM
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#2
gannman
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Posted 12 March 2021 - 05:42 AM
hmm how you doing my friend good to see you post over here. fwiw i have this as a completion in slv the last wave of the correction
we will see if i am correct after it bottoms it should rally strongly for me , for me if slv can rally above 26.30 i think it will be going to 45
we will see
feeling mellow with the yellow metal
#3
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 12 March 2021 - 01:44 PM
Bought back in GDX this AM as it is showing strength in spite of rates going up.
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#4
gannman
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Posted 13 March 2021 - 12:14 AM
i am thinking gdx could make it to about 65 on this run fwiw
feeling mellow with the yellow metal
#5
Chilidawgz
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A fool and his money... (the second mousie gets the cheese)
Posted 14 March 2021 - 11:21 PM
i am thinking gdx could make it to about 65 on this run fwiw
I never rely on price projections for my trading, it's all about trend and turning points.
(Also, not in chart text: Immediately when the MACD and Coppick turn, I anticipate a trend change.)
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#6
gannman
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Posted 15 March 2021 - 03:09 AM
not familiar with the copp but it seems like a nice indicator i will start using it thanks for that info
feeling mellow with the yellow metal
#7
Chilidawgz
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- Traders-Talk User
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A fool and his money... (the second mousie gets the cheese)
Posted 15 March 2021 - 04:57 AM
not familiar with the copp but it seems like a nice indicator i will start using it thanks for that info
I read an article by James Stack. He said Coppick was best as an oversold/buy indicator, less so than overbought.
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#8
Chilidawgz
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- Traders-Talk User
- 5,628 posts
A fool and his money... (the second mousie gets the cheese)
Posted 15 March 2021 - 06:16 AM
Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil
When The Time Comes To Buy or Sell, You Won't Want To - Walter Deemer
#9
Russ
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Posted 17 March 2021 - 11:18 PM
Gold and GDX are oversold,however, the ten year yield still has me concerned regarding gold. If it keeps rising, gold will continue to fall.
Back in the day I used to subscribe to Richard Russel. This is how he measured inflation.
I see there is some good correlation as you say, I have shown it on this long chart...
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
#10
Russ
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Posted 17 March 2021 - 11:18 PM
Gold and GDX are oversold,however, the ten year yield still has me concerned regarding gold. If it keeps rising, gold will continue to fall.
Back in the day I used to subscribe to Richard Russel. This is how he measured inflation.
I see there is some good correlation as you say, I have shown it on this long chart...
"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong
http://marketvisions.blogspot.com/
