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Sold my GDX shortly after the open on Tuesday.


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#1 Chilidawgz

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Posted 10 March 2021 - 05:21 AM

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.

 

 

caa.jpg

 

ca.jpg


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#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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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
 

#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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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.)

 

gdx.gif


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
 

#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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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
 

#8 Chilidawgz

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Posted 15 March 2021 - 06:16 AM

gdx2.gif


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
 

#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/

#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/