eric hadik around the 16min mark or so.
https://www.howestre...-week-in-money/
dharma
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
#222
dharma
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Posted 28 June 2021 - 10:00 AM
basel 3 takes effect july 1 folks think its bullish for gold. i have the attitude show me.
ray dalio weighs in on this cycle compares in to previous cycles
#223
ryanoo
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Posted 28 June 2021 - 11:29 AM
gdx weekly chart seems to say a tradable bottom is several weeks out with a very deep oversold condition, will need a lower low.
#224
linrom1
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Posted 28 June 2021 - 01:05 PM
I think we go higher to $26.50 before resuming down trend, but no conviction. I am taking a tiny PSLV position mainly because its been trading at a steep discount to its NAV since the FOMC debacle.
Edited by linrom1, 28 June 2021 - 01:06 PM.
#225
linrom1
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Posted 28 June 2021 - 02:08 PM
One more leg down towards $4?
Edited by linrom1, 28 June 2021 - 02:09 PM.
#226
K Wave
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Posted 29 June 2021 - 08:25 AM
Looks like Silver finally letting go after the big battle at $26....
Until it recovers that battle zone, could now go substantially lower first....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#227
gannman
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Posted 29 June 2021 - 09:07 AM
@ryanoo - i am with you bottom is a ways away imho
feeling mellow with the yellow metal
#228
dharma
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Posted 29 June 2021 - 09:37 AM
it seems to me the pattern has been the same almost every day this week, we open higher. then it fades all day
today so far is no different. spinning its wheels gold has gone nowhere. my guess is the downside is not finished
200 dma , as kwave has pointed out is significant. and the market is below that critical ma. it seems to me we need a shot down to finish this downside move , i would change my mind w/a good rally and the market holding that
yesterday i bought gas 2.95 today its 3.15 inflation is here. so i believe golds downside is short term.
dharma
here we are w/the shot down , which has broken into the previous price cycle .1773,1754 which is significant support , below that 1735.1716. i believe this is all around basel 3. now the bankers have had lots of time to prepare for this , so i doubt , but show me, it will be significant. they , the banks make too much money having bombing runs on the lbma. what i see i use a 9bar wilder rsi is that divergences are in place for gld/gdx/slv if the divergences hold then we have a possibility for the bottoming process. i will be back later w/dsi for yesterday, todays dsi will be posted tomorrow. i think we are very close here, if not we are staring at the bottom. the gold price may be the least of our problems.
dharma
#229
dougie
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Posted 29 June 2021 - 02:13 PM
SILJ gap fill daily 14.49
#230
dharma
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Posted 29 June 2021 - 03:12 PM
havent been able to get dsi yet
this chart , shows historically, when we had stagflation. so is this period we are entering , will be like 1975-1980 i am not buying inflation is transitory
just shop and its obvious or top your gas tank
https://cdn-ceo-ca.s...ticky Price.jpg
dharma
this is the swaps, commercials covering their shorts at a profit
