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


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#2441 dougie

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Posted 26 January 2022 - 12:24 PM

Kwave, thoughts on bitcoin?  I'm long.

below the 9. 20 and 50 crossed and heading down. Setimnebt bearish

one more swoon to just under 30k looks like it to me BWTFDIK



#2442 dougie

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Posted 26 January 2022 - 12:25 PM

New note from Jeremy Grantham on "the most dangerous breadth of asset overpricing in financial history. If valuations across asset classes return even two-thirds of the way to historical norms, U.S. wealth losses will be on the order of $35 trillion."

https://www.gmo.com/...d-rumpus-begin/

dharma

and he knows a thing or two. that would be a world of hurt.

one could imagine the WEF club liking that



#2443 dougie

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Posted 26 January 2022 - 12:25 PM

 

 

1.24 Hurst update on SPX Bitcoin Gold...Gold at 20 minute mark

 

gold..looking for a peak  Mar/Apr time frame

 

donc

you long Don?



#2444 K Wave

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Posted 26 January 2022 - 01:56 PM

Kwave, thoughts on bitcoin?  I'm long.

 I think the break below 40K puts it in the bouncy downhill ride period, working lower and lower...getting one of those bounces now..

 

If it gets much above 40K, might have to reassess


Edited by K Wave, 26 January 2022 - 01:56 PM.

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

 

 


#2445 K Wave

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Posted 26 January 2022 - 02:26 PM

Silver still holding support post fed...

 

If this starts to creep up from here back above 5 line (basically above $24).....could be pre-launch scenario...


Edited by K Wave, 26 January 2022 - 02:26 PM.

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

 

 


#2446 K Wave

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Posted 26 January 2022 - 03:18 PM

No juice on Silver...careful while under $24....


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

 

 


#2447 dharma

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Posted 26 January 2022 - 03:20 PM

big reversal in the broad market.   they want you to believe higher rates are bearish for gold.  never mind the 70s where rates rose higher and higher and so did gold 

goldman came out bullish gold.   this has me very worried

dharma



#2448 linrom1

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Posted 26 January 2022 - 03:43 PM

Looking to buy at much lower prices. That's it for now! We need another zigzag down to finish this whole correction.



#2449 dougie

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Posted 26 January 2022 - 04:26 PM

set up looks good for lower prices here.



#2450 gannman

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Posted 27 January 2022 - 05:10 AM

in gld and the gdx 18 months from the top is feb 5 feb 6 area. that is 

 

an important time frame imo so its possible we get a turn around there

 

something to look for . russ has been calling for a bottom in feb but i believe 

 

he has late feb above 175 on gld and i believe we are good to go 


Edited by gannman, 27 January 2022 - 05:12 AM.

feeling mellow with the yellow metal