Jump to content



Photo

the equinox marks the turn in the pm sector "a new leg higher"


  • Please log in to reply
1869 replies to this topic

#1071 linrom1

linrom1

    Member

  • Traders-Talk User
  • 2,249 posts

Posted 22 September 2021 - 08:29 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?



#1072 K Wave

K Wave

    Member

  • Traders-Talk User
  • 9,378 posts

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...

 

gdxj.png



#1073 K Wave

K Wave

    Member

  • Traders-Talk User
  • 9,378 posts

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....

 

gdxj.png


Edited by K Wave, 22 September 2021 - 08:37 AM.


#1074 K Wave

K Wave

    Member

  • Traders-Talk User
  • 9,378 posts

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....



#1075 K Wave

K Wave

    Member

  • Traders-Talk User
  • 9,378 posts

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



#1076 linrom1

linrom1

    Member

  • Traders-Talk User
  • 2,249 posts

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

K Wave

    Member

  • Traders-Talk User
  • 9,378 posts

Posted 22 September 2021 - 09:09 AM

GLD 4 hour still in potentially very bearish setup....

 

See what happens after Fed......

 

gld.png



#1078 dharma

dharma

    Member

  • Traders-Talk User
  • 8,980 posts

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

K Wave

    Member

  • Traders-Talk User
  • 9,378 posts

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...

 

gld.png



#1080 K Wave

K Wave

    Member

  • Traders-Talk User
  • 9,378 posts

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....