Member
Posted 16 November 2021 - 11:20 AM
i think we finished a 1-2 1and are now in 2 before the launch.
this chart from the fed https://cdn-ceo-ca.s3.amazonaws.com/1gp5es0-Household%20Checking%20Deposits.jpg note the dip in the 07-09 period. now households are loaded w/cash , which they will ultimately spend , fueling inflation.. as the psychology changes more to cash is trash and goods are becoming more expensive, those funds will find their way into stuff , helping to fuel the inflation'
quiet day.
dharma
Member
Posted 16 November 2021 - 01:23 PM
SLV 4 hour...perhaps somethting along these lines??
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 16 November 2021 - 01:36 PM
I think NEM is close to a buy.
Member
Posted 16 November 2021 - 01:52 PM
SLV 4 hour...perhaps somethting along these lines??
yup agree. reference to my post above ,money velocity still scraping the lows
dharma
Member
Posted 16 November 2021 - 01:59 PM
yes look at ssrm chart since jan 5
sure looks to me like this rally since mar 3 is a wave iv of c
and we are in wave v of c now imho
its pretty clear
I dont see that. care to show a chart?
Member
Posted 16 November 2021 - 11:35 PM
dougie bottom line is this sector is going higher simple as that we are in a pullback now
gdxj has support at 44.5 i will be buying in that area
Member
Posted 17 November 2021 - 09:59 AM
Gold/Silver still not backing off much...
Could still launch if we start challenging early swing yesterday high....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 17 November 2021 - 10:06 AM
this sector looks like it wants to have a big day today hui up 12 maybe
Member
Posted 17 November 2021 - 12:28 PM
11/19 is a full moon and an eclipse. it will occur in taurus(vedic astrology). i would think we have a correction after the full moon. eclipses reveal something that was hidden from view. new moons and full moons mark changes in short term trend. pullbacks are buying opportunities at this point. i do think @ some point in 22 the broad market tops and they throw tons of currency at this thing and that will mark the start of the parabolic late 23
dharma
Member
Posted 17 November 2021 - 12:41 PM
from Elliot Wave Trader:
By Arkady
Silver: wave 4 on the Option 3 Micro chart may be over - and above 24.825 level my next target would be 25.83 - 25.92 area. Break below 24.825 would make the case for a deeper pullback in the wave 4 of the Option 2 Micro count (the diagonal scenario).
Gold: as mentioned yesterday, pullback reached the target zone for the wave iv - so impulsive-looking nano bounce might be a sign of the wave v of (iii) to the upside. However, possible alternatives (nano level) should be kept in mind:
- below 1851.1 pullback could reach 1834 region
- 1896.6 is interim resistance on the way higher - and it is an alternative target for the wave iii where we may get another pullback.
