2864 replies to this topic

[dharma]

so far the sector looks constructive . we have been making higher lows in gold . i want to see higher highs as well to confirm the trend

dharma

[CHAx]

Hmmm...  gold in euro and GDX relative weakness keeps me in scalper mode for now.

[tradesurfer]

David Hunter says silver to $50 by the first half of 2022

 

For those that keep asking,my gold & silver forecast remains unchanged. I continue to expect gold to rally to $2500 & silver to $50 in the 1st half of 2022. Miners retested lows as rates ran up & are beginning big rallies. My targets remain GDX $60,GDXJ $100,SIL $75 & SILJ $35.

 

Seems like quite an aggressive forecast, but it is true that the metals tend to play 'catch up' in short periods or chunks of time

[linrom1]

David Hunter says silver to $50 by the first half of 2022

 

For those that keep asking,my gold & silver forecast remains unchanged. I continue to expect gold to rally to $2500 & silver to $50 in the 1st half of 2022. Miners retested lows as rates ran up & are beginning big rallies. My targets remain GDX $60,GDXJ $100,SIL $75 & SILJ $35.

 

Seems like quite an aggressive forecast, but it is true that the metals tend to play 'catch up' in short periods or chunks of time

Where did you catch David?

[dharma]

David Hunter says silver to $50 by the first half of 2022

 

For those that keep asking,my gold & silver forecast remains unchanged. I continue to expect gold to rally to $2500 & silver to $50 in the 1st half of 2022. Miners retested lows as rates ran up & are beginning big rallies. My targets remain GDX $60,GDXJ $100,SIL $75 & SILJ $35.

 

Seems like quite an aggressive forecast, but it is true that the metals tend to play 'catch up' in short periods or chunks of time

these are not aggressive calls, but for this point in the cycle , "show me", they may not pan out.  there are flocks of black swans flying everywhere . so i have to be open to 

all possibilities.    he posts on twitter quite regularly  i also saw these there

dharma

[gannman]

very nice finish . up up and away i believe 

[dougie]

IVN is a BEAST

[dougie]

https://www.tradingv...com/x/KbftQNmJ/

 

feels like we need one more wave down in gold.

[jabat]

One More Try

By Avi

The metals have meandered into our pivots and have backed away each time.  Right now, it looks like they are trying to build the structure to give it one more try to break out.

Silver is now butting its head against its immediate pivot, which was created by the new 1=2 structure.   Again, I am not terribly confident of this bullish set up since the wave 1 is really best counted as a 3-wave rally.   So, clearly, if we break out over the pivot, and then break back below it, it will be a strong signal that we are likely heading down to a low below that one struck in mid-December.

I am not going to repeat the issues I have with GDX, as I already outlined them in the weekend update.   But, so far, it looks like it is trying to set up its next 1-2 structure as well.  So, if we do see a clear corrective pullback in wave 2, and then rally over wave 1, you can attempt a long trade.  But, I am going to reiterate that I am not nearly as confident in this potential due to the “issues” outlined before.

GLD seems to have the cleanest chart of the 3 right now. As far as its micro structure, I posted this earlier today:

“As long as the market respects the micro pivot now placed on the GLD chart, I am viewing this as wave (i) of iii in GLD.  So, that means as long as we respect the pivot, I expect one more pullback.  Taking out this pivot will then make the bottom of the pivot support, and holding over that support keeps pressure up towards wave (iii)”

While we have the set up in place, I will probably say this is the last set up I am giving the metals to break out and hold the break out.  A failure to do so at this point in time will suggest that a lower low is likely going to be seen before the next bullish set up takes place.

[dougie]

yep lower low in store