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Posted 02 February 2022 - 09:40 AM
Gold futures look horrendous. Silver looks just as bad. Open Interest is going down. On silver, despite that pump yesterday, OI went down. And no one is holding Feb contracts on gold, true the active contract is April, still there is a whole month before settlement.
Edited by linrom1, 02 February 2022 - 09:43 AM.
Member
Posted 02 February 2022 - 09:57 AM
If this is some sort of a diagonal, we could see 9.29 again?
Member
Posted 02 February 2022 - 11:06 AM
i am wondering if gld nd slv have bottomed here. it is not clear
but a possibility. if so they should rip and not dip
Member
Posted 02 February 2022 - 11:39 AM
rgld sure looks like it has bottomed fwiw
Member
Posted 02 February 2022 - 12:30 PM
GDX 2/3 of the way there...but that last 1/3 is the important one.....
getting a foothold over 31 could be a big step....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
Member
Posted 02 February 2022 - 12:33 PM
gannman i agree w/you. BUT this sector has been squirrely over the last year or more. its tough to have conviction. i can see what i like in the waves, not a great outcome to put your money on. when this sorts out i am looking for a move higher. i do think the broad market has more of a correction. and then the fed panics. being patient here as commodities continue a bull run. it seems no cb has the nerve to raise rates, although they know that is what is needed. this economy is very fragile. the fear of covid has kept folks at home. lots of sectors in trouble
dharma
platinum looking constructive, not much conviction from me , but starting a campaign in plg
Edited by dharma, 02 February 2022 - 12:35 PM.
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Posted 02 February 2022 - 01:28 PM
ung etf has broken out i think it is going into the 30's fwiw
Member
Posted 02 February 2022 - 01:30 PM
silver lagging badly: never a good sign
Member
Posted 02 February 2022 - 01:32 PM
Anyone here follow Cassiar Gold?
