Mabe I am way off but still very much like the wave counts I mentioned in gold/silver and miners like AEM holding up nicely, GDXJ pretty decent as well, holding for now
Senor
seems its time for a new thread. war markets are treacherous
Started by
dharma
, Mar 02 2022 10:38 AM
4036 replies to this topic
#1112
Smithy
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Posted 18 May 2022 - 02:32 PM
Dharma, thanks for that.
Also, Gold
15 yr peaks: 1980, 1995, 2011 + 15 = 2026
Lows 1985, 2000, 2015 +15 = 2030
#1113
senorBS
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Posted 18 May 2022 - 02:46 PM
If I had real "pelotas" I'd buy the crap outta it, fortunately I am old with lots of "battle scars" so will hold a modest long position
Senor
#1114
dougie
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Posted 18 May 2022 - 03:03 PM
Mabe I am way off but still very much like the wave counts I mentioned in gold/silver and miners like AEM holding up nicely, GDXJ pretty decent as well, holding for now
Senor
you dont think this being some sort of 4 up witha 5 down in Silver is likely still?
#1115
dharma
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Posted 18 May 2022 - 03:11 PM
there has been so much complacency in the broad market. now , we see if there is follow through. cape ratio of 32 , same as 1929! no panic yet. there will be capitulation to mark the lows. but not yet. when the market gets a whiff the fed is riding in on its white horse. then gold will turn
old yella held up well today
dharma\
jp morgan gold is money!everything else is credit!
#1116
dougie
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Posted 18 May 2022 - 03:11 PM
Did treasuries bottom? if so what does that mean for gold?
#1117
gannman
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Posted 18 May 2022 - 03:13 PM
and we only had 66 million shares traded on the qqq's today. to get any kind of bottom we need about 250 million to 300
million imo . we are in historic times
feeling mellow with the yellow metal
#1118
jabat
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Posted 18 May 2022 - 04:44 PM
By Avi
With silver being unable to mount another rally over yesterday's high to continue in a potential 5-wave rally off the recent low, it makes me question strongly whether a bottom is in place. This brings us to the iv-v potential on the 144 min chart.
#1119
linrom1
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Posted 18 May 2022 - 06:05 PM
By Avi
With silver being unable to mount another rally over yesterday's high to continue in a potential 5-wave rally off the recent low, it makes me question strongly whether a bottom is in place. This brings us to the iv-v potential on the 144 min chart.
So far only typical 0.382% retracement.
#1120
dougie
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Posted 18 May 2022 - 06:19 PM
but that looks like 5 waces up off the lows so do we see at least another c up?
