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seems its time for a new thread. war markets are treacherous


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#1071 gannman

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Posted 16 May 2022 - 04:38 PM

and a LOT of people are going to be really surprised as gld starts impulsing up 

 

we did a 21 month correction of a 55 month bull move. perfecto gld imo over 

 

the coming years will be going over 300 as wave 3 of this bull market takes hold 


feeling mellow with the yellow metal


#1072 dougie

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Posted 16 May 2022 - 04:46 PM

YEn looks decent here for a bounce

https://finviz.com/f....ashx?t=6J&p=h1



#1073 K Wave

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Posted 17 May 2022 - 07:15 AM

They were not able to break PL down after the breach of 960...now right back there.

 

This could turn out to be big moment of truth...

 

See if bulls can reclaim it, or die here...


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

 

 


#1074 K Wave

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Posted 17 May 2022 - 07:18 AM

PL definitely looking fully ripe for a big decision around daily 900 after a long battle....

 

pl.png


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

 

 


#1075 linrom1

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Posted 17 May 2022 - 08:38 AM

Miners are not acting well.



#1076 gannman

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Posted 17 May 2022 - 09:12 AM

i think they need one more leg down to complete

 

one more wave down and this sector is the buy of the century imo


Edited by gannman, 17 May 2022 - 09:19 AM.

feeling mellow with the yellow metal


#1077 gannman

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Posted 17 May 2022 - 09:54 AM

started buying some gdxj here 


feeling mellow with the yellow metal


#1078 senorBS

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Posted 17 May 2022 - 10:05 AM

i think they need one more leg down to complete

 

one more wave down and this sector is the buy of the century imo

That's very possibly and especially so in the big names like NEM and GOLD which have had rather pathetic short term bounce attempts, would not be surprised that I those went to lower lows most silver miners/ILJ do not. We could just go in a sideways to make modestly lower range for several days/few weeks as well, could surprise and move higher as well, tough call near term.

 

Senor


Edited by senorBS, 17 May 2022 - 10:06 AM.


#1079 dharma

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Posted 17 May 2022 - 10:41 AM

gold complex is anyones best guess, we could have finished and the low is in or

we have one more downwave,  in other words i have nothing to add

the broad market is interesting https://kingworldnew...k-market-crash/

the  trends will surface soon enough.  we are entering the intense part of the cycle , w/the center in august-october. 

dharma



#1080 senorBS

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Posted 17 May 2022 - 11:49 AM

just sold half of longs now about 14% long, may exit rest depending on what I see, as I said a TRADER here, as always DYODD

 

Senor