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....
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....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 14 October 2021 - 10:29 AM
Gold trying hard to turn 1793 rea into support....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
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
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.
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
Edited by K Wave, 14 October 2021 - 12:41 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Posted 14 October 2021 - 12:39 PM
Gold AUD 5 min looking like that blast out could come at any moment....
Edited by K Wave, 14 October 2021 - 12:40 PM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
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.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
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
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.
Posted 15 October 2021 - 08:40 AM
Edited by K Wave, 15 October 2021 - 08:43 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