thanks Russ
On solver /gold thinking we move up a bit then down into Late August to complete this long pain ful correction
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
#262
dharma
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Posted 06 July 2021 - 09:32 AM
russ start a thread on the imf coin so those who are interested can follow along thanks
so i dont know if its coincidence but gold is rallying, does it have anything to do w/basel 3? i posted july vedic astrology post in that thread. lets see if we hold 1800. in 7 of the last 10 years gold makes a high in august/september. and 2018 gold hit a low in that time window. so it is buying season in india. and maybe after they are done buying there is nobody left to buy!?
dharma
#263
K Wave
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Posted 06 July 2021 - 10:10 AM
IF GDX can hold this back test of 34.50 area, then maybe a turn back up underway..
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#264
gannman
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Posted 06 July 2021 - 11:18 AM
on gdx i believe we are in a wave iv here
bottom line when this thing bottoms it should take off like a bat out of hell if not i am wrong
feeling mellow with the yellow metal
#265
dharma
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Posted 06 July 2021 - 11:21 AM
fwiw gannman that is the way i am looking @it in wave 4 here , then wave 5 up .
dharma
#266
K Wave
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Posted 06 July 2021 - 11:29 AM
GDX unable to hold the breakout over 34.50...
Next time it gets above that level, it likely sticks...but in the mean time back into potential danger zone....
Market as whole looking a bit ragged today....
IF RUT takes out 2240 later today, would likely be No Bueno....already took out the 2265 inverse shoulder which is first shot across the bow....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#267
K Wave
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Posted 06 July 2021 - 11:30 AM
with upside target zone of 75 area on crude now tagged, may be time for a breather there as well...
BIG bearish engulfing forming today there thus far...
Edited by K Wave, 06 July 2021 - 11:31 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#268
K Wave
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Posted 06 July 2021 - 12:19 PM
Fantastic chart over at Grantham's place...metals stocks are shockingly cheap relative to SP 500 historically speaking...
Patiently waiting for launch day....
https://www.gmo.com/...ource-equities/
Edited by K Wave, 06 July 2021 - 12:19 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
#269
dharma
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Posted 06 July 2021 - 12:34 PM
the 50 day ma on silver crossed the 200dma for only the 3rd time in the last 100years
dharma
#270
K Wave
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Posted 06 July 2021 - 12:39 PM
the 50 day ma on silver crossed the 200dma for only the 3rd time in the last 100years
dharma
I have to assume you mean monthly
Edited by K Wave, 06 July 2021 - 12:40 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
