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


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#1311 K Wave

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Posted 14 October 2021 - 09:37 AM

And GLD hourly....important territory here folks...

 

Shorter term stuff looking solidly bullish, but still have to reclaim and turn longer timeframes....

 

Bulls hopefully will punch through and not fail yet again at a key pivot point....

 

gld.png



#1312 K Wave

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Posted 14 October 2021 - 10:29 AM

Gold trying hard to turn 1793 rea into support....



#1313 dharma

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Posted 14 October 2021 - 10:44 AM

thought we might consolidate more before trying for the round #, but here we are.  the market has built a fairly big base.  and there are lots of black swans flying around.

miners are still below the 200dma  which is a key for institutional investors, reclaim that and investors come back into the sector.  so far the action is quite hopeful bullish. 

the broad market is trying for a 5 wave up move.    

i like what i see .  

watching this hanke-cofnas  new sentiment indicator. which is now bullish   no conclusions its too new for me 

oil being in a bullish stance is going to be bullish for commodities in general.  

from a big picture i think @ some point we get into a deflationary wave, which will be met w/unbelievable printing and that will set the stage for the parabolic in gold

dharma

some charts from the captain, he thinks we are in wave 3

gdx

https://captainewave...woc1421gdxd.png

gold

dont know about this triangle

https://captainewave...woc1421gold.png

silver

https://captainewave.../ewoc1421si.png

crude oil

https://captainewave...ewoc1421oil.png



#1314 tradesurfer

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Posted 14 October 2021 - 11:03 AM

gold and silver look like they want to pop quite rapidly upwards to play catch up.

 

I wonder what the odds are that the Fed reverses their decision for Mid November taper...  seems like that could pop the metals up again

 

going long the SLV 26, March 2022 calls   seem super cheap down here


Edited by tradesurfer, 14 October 2021 - 11:04 AM.


#1315 K Wave

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Posted 14 October 2021 - 12:34 PM

Gold AUD looking like possible pre-launch cup with handle formation

 

Above 2240 and should be off to the races

 

xa.png


Edited by K Wave, 14 October 2021 - 12:41 PM.


#1316 K Wave

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Posted 14 October 2021 - 12:39 PM

Gold AUD 5 min looking like that blast out could come at any moment....

 

xa.png


Edited by K Wave, 14 October 2021 - 12:40 PM.


#1317 K Wave

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Posted 14 October 2021 - 12:45 PM

AGQ also looking like solid 900 day recovery....

 

This is a setup where big, long moves can start from.....

 

agq.png



#1318 K Wave

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Posted 14 October 2021 - 01:09 PM

And looking like it is perhaps time once again to favor Silver over Gold as Gold Silver ratio appears to be rolling back over below the daily 900..

 

Still very high by historical standards.

 

gs.png



#1319 Russ

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Posted 14 October 2021 - 05:58 PM

thought we might consolidate more before trying for the round #, but here we are.  the market has built a fairly big base.  and there are lots of black swans flying around.

miners are still below the 200dma  which is a key for institutional investors, reclaim that and investors come back into the sector.  so far the action is quite hopeful bullish. 

the broad market is trying for a 5 wave up move.    

i like what i see .  

watching this hanke-cofnas  new sentiment indicator. which is now bullish   no conclusions its too new for me 

oil being in a bullish stance is going to be bullish for commodities in general.  

from a big picture i think @ some point we get into a deflationary wave, which will be met w/unbelievable printing and that will set the stage for the parabolic in gold

dharma

some charts from the captain, he thinks we are in wave 3

gdx

https://captainewave...woc1421gdxd.png

gold

dont know about this triangle

https://captainewave...woc1421gold.png

silver

https://captainewave.../ewoc1421si.png

crude oil

https://captainewave...ewoc1421oil.png

Interesting charts Dharma.  I'm not sure if you saw my gold chart prediction a few weeks ago on Senor's post but it called for a turn on Oct 13, so that one worked well,  I am seeing a rise into November now which is in agreement with Eric Hadik and Captain but then it looks to me like it will go down into March 2022 which oddly enough NUGT's chart is showing, for now I have been long nugt since the early part of Oct. Things could change but for now that's what I see. Stay nimble. Captain eWave's chart is at the bottom.     


Edited by Russ, 14 October 2021 - 06:02 PM.

"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



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#1320 K Wave

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Posted 15 October 2021 - 08:40 AM

And once again gold / GLD gets rejected at Key spot.... The Saga of Disappointment continues...

Bulls can still potentially save it if they hold 1760 area. But below that it's going to get very sketchy again...

Edited by K Wave, 15 October 2021 - 08:43 AM.