Wheat is collapsing, down 7.9%. They grow wheat in Ukraine. Things must be looking up for end of conflict for prices to decline this much.
the equinox marks the turn in the pm sector "a new leg higher"
#2842
Posted 25 February 2022 - 12:55 PM
xle has bottomed imo
#2843
Posted 25 February 2022 - 03:24 PM
Big Spike Reversal days right at potential resistance point always make me nervous (silver 200 day MA)
if Silver does not hold this 15 min line here today, could be first real sign that Bulls not going to be able to get it done at $25
The other big warning in the short term, has been the reaction of the silver miners. Look at CDE as the worst offender... NEW LOWS (on earnings I understand, but STILL a bad omen) and AG/PAAS not even approaching anywhere near old highs and these were former leaders.
Relative strength has just not been there yet.
i am not seeing it. Silver juniors holding up well here imo
#2844
Posted 25 February 2022 - 06:14 PM
Big Spike Reversal days right at potential resistance point always make me nervous (silver 200 day MA)
if Silver does not hold this 15 min line here today, could be first real sign that Bulls not going to be able to get it done at $25
The other big warning in the short term, has been the reaction of the silver miners. Look at CDE as the worst offender... NEW LOWS (on earnings I understand, but STILL a bad omen) and AG/PAAS not even approaching anywhere near old highs and these were former leaders.
Relative strength has just not been there yet.
i am not seeing it. Silver juniors holding up well here imo
I'm not sure what you mean. Silver dropped 2 bucks off its highs this week, and Im saying there was some warning that this move was not a breakout for PMs just yet, and you could tell this based upon the silver miners action leading into the panic highs. Long term everything looks fine ofc.
#2845
Posted 25 February 2022 - 08:07 PM
Big Spike Reversal days right at potential resistance point always make me nervous (silver 200 day MA)
if Silver does not hold this 15 min line here today, could be first real sign that Bulls not going to be able to get it done at $25
The other big warning in the short term, has been the reaction of the silver miners. Look at CDE as the worst offender... NEW LOWS (on earnings I understand, but STILL a bad omen) and AG/PAAS not even approaching anywhere near old highs and these were former leaders.
Relative strength has just not been there yet.
i am not seeing it. Silver juniors holding up well here imo
I'm not sure what you mean. Silver dropped 2 bucks off its highs this week, and Im saying there was some warning that this move was not a breakout for PMs just yet, and you could tell this based upon the silver miners action leading into the panic highs. Long term everything looks fine ofc.
got it
#2846
Posted 27 February 2022 - 06:15 AM
you know looking at the charts here i could see gld taking out the high
of feb 24 to complete a 5 wave move up . it would not surprise me at all
if it does i will take some profits in my trading account looking to get back in again
just my take
and i will hate to let anything go but i will let go of at least half of it fwiw
Edited by gannman, 27 February 2022 - 06:18 AM.
#2847
Posted 27 February 2022 - 06:48 AM
that would say the bottom on gld came in on feb 3 at 187.03 and is probably going to about 188 to
complete a wave i thrust up here imo
#2848
Posted 27 February 2022 - 10:18 AM
I wouldn’t want to keep money in a bank that can’t access the SWIFT system. Once a bank can’t transfer or receive funds from other banks, its solvency can be at risk. If I were Russian, I would take my money out now. Bank runs could begin in Russia on Monday.
I wonder if the DOLLAR will take off on Sunday night? Or not? If it doesn't take off someone is in trouble?
#2849
Posted 27 February 2022 - 09:15 PM
#2850
Posted 28 February 2022 - 06:18 AM
that should have said the bottom in gld came in on feb 3 at 167.03