You know things are bad when Kitco spends most of its time talking about cryptos.
the equinox marks the turn in the pm sector "a new leg higher"
Started by
dharma
, Mar 18 2021 09:21 AM
2864 replies to this topic
#1881
linrom1
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#1882
linrom1
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Posted 01 December 2021 - 04:10 PM
AEM, Senor's favorite made a new low.
#1883
linrom1
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Posted 01 December 2021 - 04:14 PM
We got some miners that look like they could retest March '20 lows.
#1884
tradesurfer
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Posted 02 December 2021 - 12:38 AM
That is one amazing Fibonacci forecast... and he saying we could decline like we did from the south sea bubble in just 2 years or 90%.
And the 40 year and 20 year cycles align next year August to October time frame.... so I guess we plummet down into end of next year based on the massive fibs
and Prechter also says that the commodities typically bottom a year after the stocks.... but maybe at the same time or earlier...
Jordan Roy says gold bottoms after the first rate hike... which would be mid next year, so that aligns with the cycle.....
Down hard in everything until mid to end of next year !!!!
as many know robert prechter retired a while back. of course his track record was not stellar. he had made this video back in january, to my knowledge it went largely unnoticed
i am watching it now.
dharma
Edited by tradesurfer, 02 December 2021 - 12:39 AM.
#1885
gannman
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Posted 02 December 2021 - 10:28 AM
an absolutely great buy is coming up in gdxj not yet we are close but not there yet
but it will be the buy of a ;lifetime imo
feeling mellow with the yellow metal
#1886
linrom1
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Posted 02 December 2021 - 11:06 AM
Miners had the quietest crash of +40%, I have ever seen. AEM is down 47% from its high with 4-HR RSI of <17? Its COVID low is at $31. Can you imagine DIJ trading at 19k?
#1887
gannman
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Posted 02 December 2021 - 11:09 AM
i can my take on gdxj is it started its final leg down on nov 30 at 10 30 am linrom how are you seeing gdxj
i do not think it is going that much lower
feeling mellow with the yellow metal
#1888
linrom1
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Posted 02 December 2021 - 11:38 AM
i can my take on gdxj is it started its final leg down on nov 30 at 10 30 am linrom how are you seeing gdxj
i do not think it is going that much lower
It still has a bullish chart? It has not made a new low like AEM and NEM but like others its trading at its 2019 levels. So it has retraced all of its COVID gains. I am unsure what it means? All the debt they printed is still here and inflation will be with us for a long time?
GDXJ should be one of the best performers in this sector because large producers need to acquire juniors to replenish their reserves.
#1889
dougie
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Posted 02 December 2021 - 12:54 PM
AEM, Senor's favorite made a new low.
strong support right here in AEM IMO
but what do I know
By the way, Senor disappeared. his last posts were bullish but i know that Wille Coyote: likely he went short
#1890
linrom1
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Posted 02 December 2021 - 01:30 PM
AEM, Senor's favorite made a new low.
strong support right here in AEM IMO
but what do I know
By the way, Senor disappeared. his last posts were bullish but i know that Wille Coyote: likely he went short
It's trading at $47.38 same number it traded in Jul of '18? Its RSI 4-hr is same as COVID bottom in '20.
