2864 replies to this topic

[dharma]

today is a big up day in gold , silver, platinum. take out the previous highs and we might have something going here

governments are anti oil/coal etc which will cause companies to curtail their exploration , which will lead to supply shortages.  i see oil  alot higher. in the 2nd quarter when 

the averages hit the skids,  i believe oil will also hit the skids and that will be an opportunity to  load up. i had bought cvn and xom at or near there lows and said adios awhile back, i realize now that was not the best strategy.  governments are going to make new exploration difficult for these companies.   also look chile wants to go after copper companies , they are the largest producer of copper in the world . the permian basin became the largest oil reserves in the world . the government stepped in and now the usa is no longer self sufficient in oil.  the new technologies cannot at this time fill the shoes of oil/coal.   powell will be forced , by the stock market, to get away from this tightening cycle i think in q2

dharma

Edited by dharma, 11 January 2022 - 03:07 PM.

[dougie]

this could just as well be a C up too though right?

[Smithy]

" starting a  89 month impulse wave up in gld. "

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Gannman, how do you arrive at this?   Thanks.

[hhh]

gannman's telling a "Fib."  There's the spinning top in the gold futures this morning I expected, let's see if it can turn into a marubozu.

[linrom1]

Need a flush.

[gannman]

smithy the first wave up in gld was 55 months we did a 17 month correction

 

so if we do a fib progression the next wave up should be 89 months . we will see 

 

its my best guess  i have core positions in this sector that i am not selling we are 

 

in for interesting times my friend 

[gannman]

just looking at rgld it did a clear 5 waves up from the seventh really like this stock fwiw

[gannman]

on the xle i think we might trade up to about 64.50 to 65 area to complete a wave i  of 3 

 

then a pullback  and then wave iii of 3 . we are in a commodity bull market imho

[K Wave]

Silver making a key breakthrough, and thus far, looking like it may hold....

 

[K Wave]

Now we need to see GDX confirm by breaking above 32...