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


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#111 K Wave

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Posted 07 June 2021 - 01:07 PM

with 1893 area reclaimed, now 1900 next step...

 

back above 1900, then 1893 throwover less likely...



#112 dharma

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Posted 07 June 2021 - 02:57 PM

did some buying 1/3 of cash in case we trend higher from here.  if we pull back i am ready. 

dharma

 

i expect the water over the next couple of months will be quite turbulent


Edited by dharma, 07 June 2021 - 02:57 PM.


#113 K Wave

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Posted 07 June 2021 - 09:01 PM

Looking like a 1900 throwover...now we see about 1893.....



#114 gannman

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Posted 08 June 2021 - 02:55 AM

just to point out something the oil stocks ended a 6 year bear market 

 

at the end of october. they are going a lot higher imho


feeling mellow with the yellow metal


#115 K Wave

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Posted 08 June 2021 - 08:54 AM

starting to look like bears may be just about to win the big battle of the 15 min 900 on gold after it got very sloppy and ugly at the end...

 

If bulls get it back over 1900 again, then bears would likely be in trouble, but right now, looks like path to 1840 being cleared...


Edited by K Wave, 08 June 2021 - 08:56 AM.


#116 K Wave

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Posted 08 June 2021 - 09:11 AM

bulls not giving up....bears nearly outta time....



#117 CHAx

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Posted 08 June 2021 - 09:57 AM

bulls not giving up....bears nearly outta time....

 

DXY looking sickly, the dollar bulls have had so many chances to rally it and so far nothing sticking.  

 

CPI Thursday is probably where the bears make their stand.  They need dollar to spike or the 10yr rates to spike, to get the ball rolling.



#118 CHAx

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Posted 08 June 2021 - 09:59 AM

chax  this is from yesterday   here are captain e waves weekly charts posted last night gold https://captainewave...wjun621gold.png+

silver https://captainewave.../ewjun621si.png+

gdx https://captainewave...ewjun621gdx.png+

and for interest oil https://captainewave...ewjun621oil.png+

dharma

i assume that is what you are referring to !?

 

Yep!  Never a dull day, right? smile.png



#119 K Wave

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Posted 08 June 2021 - 10:23 AM

the battle of 1893 rages on....should get decided PDQ



#120 dharma

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Posted 08 June 2021 - 11:12 AM

   i am still leaning to a trip to 1853 read someone else this am david brady and he is looking for the same, which made me uncomfortable . i bought one stock yesterday, as something that i want to hold long term as they seem to have had good results. today, by luck , not by timing it is +6+%   very lucky. i am going to deploy the rest of my funds in newfoundland as i believe it is the new klondike gold rush . http://321gold.com/e...nd/klondike.pdf

i have been researching it for days now.  and have limited my view to a dozen or so. i have 3 there and they are kicking butt

      the fed is trapped. when as yellen suggests, they raise rates they will be way behind the curve which is very bullish for the pms. a repeat of the 70s . and they will not be able to get in front of the curve. the truth is the country cannot get in front of the curve. volcker is gone.  i dont think it will take very long for the market to wake up to what the state of the us and world economy really is.   i have not ventured into any oil plays. i try to keep my focus my attention.  and it is glued to the pm sector.

dharma


Edited by dharma, 08 June 2021 - 11:13 AM.