I can make a case for gold moving up in 1-2, 1-2s. However, I can't make a case for NEM or GDX that's bullish?
the equinox marks the turn in the pm sector "a new leg higher"
Started by
dharma
, Mar 18 2021 09:21 AM
2864 replies to this topic
#1071
linrom1
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#1072
K Wave
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Posted 22 September 2021 - 08:33 AM
I can make a case for gold moving up in 1-2, 1-2s. However, I can't make a case for NEM or GDX that's bullish?
IF GDXJ goes up today, it would be a picture perfect divergent bottom at the 900.
DO NOT discount that possibility....
But yes, a hard break to downside on GDXJ from here would likely be No Bueno...
But PL might just be giving an early signal...as it very often does...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1073
K Wave
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Posted 22 September 2021 - 08:37 AM
And there is the gap back above the 1 min on GDXJ.
As long as it holds, bulls have a very good shot at a possibly huge turn here....
Edited by K Wave, 22 September 2021 - 08:37 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
#1074
K Wave
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Posted 22 September 2021 - 08:43 AM
long day yet to go, and Fed looming...but I am LIKING the early action in GDXJ 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
#1075
K Wave
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Posted 22 September 2021 - 09:02 AM
So going forward, looking like long above GDXJ $40, and out below...
Now we see if GDXJ can flag out, or if it falters back below $40
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1076
linrom1
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Posted 22 September 2021 - 09:05 AM
long day yet to go, and Fed looming...but I am LIKING the early action in GDXJ here....
It looks like Dow mini is going to crash today. They have perfect cover today.
#1077
K Wave
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Posted 22 September 2021 - 09:09 AM
GLD 4 hour still in potentially very bearish setup....
See what happens after Fed......
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1078
dharma
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Posted 22 September 2021 - 09:20 AM
the world is in wait and see mode as the fed speaks today. zweig decades ago said "dont fight the fed"
pms looking like they could be putting in a bottom, as kwave is pointing out.
gensler is former goldman sachs , so cryptos days of running free are about to end , if it is put under regulation.
i am reading this https://www.kitco.com/news/2021-09-22/Swiss-gold-shipments-to-India-surge.html which is significant
the pieces of the puzzle are coming together
much like the march lows is vxx i believe we are forming a wave 2 here
we shall see
dharma
#1079
K Wave
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Posted 22 September 2021 - 02:24 PM
That pop N Drop on GLD post-fed now looking super important...
Bears still in control until bulls take it out...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1080
K Wave
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Posted 23 September 2021 - 07:08 AM
Gold bears did not get much done after the throwover post fed.
If bulls can take out the post fed spike today, would be the first real sign they might actually want the ball back....
Back below 1760 now, and bears would still be solidly in control...
See how it plays out dead ahead 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
