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


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#1491 dharma

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Posted 22 October 2021 - 10:31 AM

looks like japan has a major volcano   this will affect weather patterns world wide

gold is fighting to hold 1800 .  capitalism is gone. it has been replaced by the fed which controls the money supply 

so far it looks promising for a new leg higher in the pms.  above 1835 will be a good sign, it has capped previous rallies.

inflation is the new buzz word, when we have is stagflation.  the long deflationary period from 1981 to the present is ending.  interest rates have gone from

double digits to negative. .   soon they will start rising

dharma



#1492 K Wave

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Posted 22 October 2021 - 10:38 AM

And looking like the developing market crash may take gold with it....

 

1780 key now...


Edited by K Wave, 22 October 2021 - 10:38 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

 

 


#1493 K Wave

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Posted 22 October 2021 - 10:51 AM

That bearish engulfing bearish at hourly 900 big warning sign...now following through

 

Until that is taken out, intermediate down trend STILL in effect.

 

gld.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1494 K Wave

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Posted 22 October 2021 - 10:54 AM

If bulls are going to save it....pretty much has to happen right here....

 

gld.png


Edited by K Wave, 22 October 2021 - 10:55 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

 

 


#1495 gannman

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Posted 22 October 2021 - 11:08 AM

it looks to me like gdxj and gdx completed one wave up

 

now we watch this thing should not give it all back 


feeling mellow with the yellow metal


#1496 gannman

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Posted 22 October 2021 - 11:16 AM

normal retrace on gdxj is about 42.5 and 41.6 if we pull back there and then go to new recovery highs very bullish


feeling mellow with the yellow metal


#1497 K Wave

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Posted 22 October 2021 - 11:35 AM

GLD bulls doing what they need to again so far....

 

Looking like 2 huge pivots set now...WHO wants that ball???

 

gld.png


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#1498 gannman

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Posted 22 October 2021 - 12:22 PM

gld went from 160 to 169.5 for 80 bucks which is a fib 8 . so we completed the first wave up here

 

and now correcting looking for a pullback to about 166.5 fwiw 

 

sb from 161 


Edited by gannman, 22 October 2021 - 12:29 PM.

feeling mellow with the yellow metal


#1499 dougie

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Posted 22 October 2021 - 06:10 PM

SILJ sure looks like a clean 5 waves up off the lows



#1500 dougie

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Posted 24 October 2021 - 03:33 PM

a few days sell of seems likely IMO

maybe to Nov?