A fool and his money... (the second mousie gets the cheese)
Posted 03 December 2021 - 07:27 PM
Outside day for SPX, maybe pulling miners down.
Everything usually is hit when Major indexes are down. Even miners. But, there is an exception to everything. With miners, if they are in a strong uptrend, sometime major market weakness is ignored. Currently as you know miners are not in an uptrend, but, they may be trying to bottom.
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Posted 03 December 2021 - 09:42 PM
this might not end well they issued a statement saying they cant pay their debt does the government step in
Edited by gannman, 03 December 2021 - 09:42 PM.
Member
Posted 04 December 2021 - 09:15 AM
You know things are bad when Kitco spends most of its time talking about cryptos.
And here is the end result of that.....
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 04 December 2021 - 09:35 AM
Platinum correction off the 200 day much worse than bulls would have ideally liked to see.
Now at a very critical level.
IF Platinum does not turn up almost immediately, and instead takes out the 900 day MA, while at the same time going to fresh momo lows, would likely be no bueno, as it could imply the the nascent bull setup is broken....
Next week could be real important.....
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 04 December 2021 - 10:58 AM
Kwave, good to see you.
Gold in Yen.
Member
Posted 04 December 2021 - 08:32 PM
From Elliot Wave Trader:
By Arkady
Gold: the Option 3 Micro Linear chart presents my operative scenario with the key levels for a bounce . Initial target for impulsive rally is 1808 region; waves circle b - c could bring gold to 1836, and that would be rather bearish setup, imHo.
To maintain the bottom is in place scenarios (the Option 1 and 2 charts) I want to see strong impulsive acceleration beyond 1836 - 1853 area. As long as a bounce holds below 1824 region wave v to 1723 region remains a doable scenario for the Options 1 and 2.
PS from Avi:
By Avi
We need to move through 31.05 in GDX impulsively to suggest we are finally done with this pullback.
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Posted 05 December 2021 - 01:40 AM
i will say this if we have not already bottomed we are close to a major bottom in this sector that is my take fwiw
Member
Posted 05 December 2021 - 01:55 AM
and i am looking at the solstice as a possible bottom when it does bottom it should be
pretty explosive fwiw
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Posted 05 December 2021 - 12:57 PM
Well we have a triple bottom in silver august 10 and october 1st being the first two. would like to see silver hold this level
we already broke under this level on 9/29 as a shakeout.... so question is do we get *another* shakeout under the support line before going higher or are we at the final low now....
this 22 level in silver has now been touched 5 TIMES with the 5th time occur end of last week...... CRUCIAL JUNCTURE HERE IMO !!!!!
the risk reward here is outstanding.... go long here and tight stop under 22
i will say this if we have not already bottomed we are close to a major bottom in this sector that is my take fwiw
Member
Posted 05 December 2021 - 05:36 PM
Kwave, good to see you.
Gold in Yen.
Smithy: Gold Yen is a CRITICAL relationship in my book
