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


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#201 K Wave

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Posted 23 June 2021 - 10:03 AM

And NDX goes red after encountering what appears to be a dearth of willing buyers after the first 30 min pop.....


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

 

 


#202 dharma

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Posted 23 June 2021 - 10:20 AM

well all we have so far is hourly divergences. its right in the time band for a turn. lots of geocosmic action. solstice, mercury going direct after the market close yesterday, jupiter now retrograde(along w/saturn), and the full moon tomorrow. i added some more on the open. 

what has me most worried is a possible stock market crash . i am referring to the time period august /oct.  of course that will be met w/printing so gold will come flying out of there.  all of this socialism, which is now very prevalent,  is also a giant concern. freedom of speech is becoming a thing of the past. the vax is coming under more scrutiny after being silenced. i mean look at Pfizers track record.  there are some bad hombres running that show 

dharma



#203 ryanoo

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Posted 23 June 2021 - 11:28 AM

So far, no oomph after the first 30 min on NDX....this little battle around 14300 may be the decider going forward...

NDX looks like at least a shorterm top with a few technicals -- rsi5 neg div, right at the rising TL, at top of BB, and then the quarter end selling, the worst two week seasonality (2nd half of june), the buyback blackout, ... but if it ignores all of these and keeps on going then we will have to respect the strength of liquidity.  If the general market corrects short term, then the 5 day long gdx down side consolidation looks like gdx is prepared for a final wash out, 32-33 will be a good buy, just a WAG. also, the recent elections of far right ultra hardliner govs of both Israel and Iran, will it lead to a war, with Israel possibly striking Iran's nuke facility?   


Edited by ryanoo, 23 June 2021 - 11:36 AM.


#204 K Wave

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Posted 23 June 2021 - 02:38 PM

not overly impressed with metal action today...

 

see if Silver can hold that 25.80 area overnight....


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

 

 


#205 K Wave

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Posted 24 June 2021 - 08:52 AM

Silver still holding...if it can clear yesterday's high, then the midnight Solstice bottom holding will look more likely....


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

 

 


#206 K Wave

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Posted 24 June 2021 - 08:55 AM

SOX lifting off from the battle of 3200 yesterday...as long as 3200 holds, bulls get full benefit of doubt now for a while


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

 

 


#207 linrom1

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Posted 24 June 2021 - 09:11 AM

They're unwinding the reflation trade. Copper is still holding up, but it looks like its heading further down.



#208 dharma

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Posted 24 June 2021 - 10:19 AM

not much talk of basel 3 , my guess is it will not be friendly to gold. banksters no matter what their stripe are not gold friendly. just the images of the midnight bankster bombing runs.  

full moon today.   upside seems capped.  i am bullish in this time frame, but i might be pissing into the wind.  right now bids disappear by mid day. 

drill results , this time of year, keep coming ,  and they are impressive

this chart of the broad market is worrisome https://galacticupda...21jun24usa1.png

i believe we are finishing 5of 3 soon . and then a lengthy sideways to down action chewing up some time

seems that there are crosscurrents here. so the wind is not pushing the market higher. 

dharma

well the captain is quite bullish

gdx  https://captainewave...jun2421gdxd.png

gld   https://captainewave...jun2421gold.png

slv   https://captainewave...ewjun2421si.png


Edited by dharma, 24 June 2021 - 10:26 AM.


#209 dharma

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Posted 24 June 2021 - 01:53 PM

alasdair mcleod is quite bullish on basel 3 his arguments are sound, we shall see

well this is looking more and more like we have one more shot down to finish this correction

its ok gives me more time to top positions off

dharna



#210 dougie

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Posted 24 June 2021 - 08:57 PM

up for a couple weeks then down into august?