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


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#1191 gannman

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Posted 23 May 2022 - 07:03 AM

excellent work russ you rock brother !!


feeling mellow with the yellow metal


#1192 gannman

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Posted 23 May 2022 - 07:06 AM

in the broad market i believe we are doing an abc wave 4 of the decline from jan 4 

 

to be followed by a wave 5 down which will give us some kind of a lasting low 


feeling mellow with the yellow metal


#1193 Russ

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Posted 23 May 2022 - 09:16 AM

excellent work russ you rock brother !!    ;)

50254868.jpg


Edited by Russ, 23 May 2022 - 09:19 AM.

"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#1194 senorBS

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Posted 23 May 2022 - 09:26 AM

Senor on the road so beware! Saw this these sentiment numbers from another board. Not sure if this is "enough" bearishness (not much bearishness at all) for a meaningful low. Things can always be different, bounce continues and lets see how it goes

 

"GOLD 60/SILVER 41

HGNSI 20.59% (This was a huge 29.41 jump up)



#1195 senorBS

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Posted 23 May 2022 - 09:28 AM

Back on Jan 12th, David Hunter forecast gold at $2500 by June.

Broken record, said the same thing last summer, dead wrong as "timing" in this sector is critical unless one prefers spectacular drawdowns!yes.gif

 

Senor



#1196 dharma

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Posted 23 May 2022 - 10:18 AM

it sure looks to me like spy finished a 5 wave C  of an a b c correction. i am counting that as A finished we are in B now , and C sometime in crash season

dharma

russ good job! well done


Edited by dharma, 23 May 2022 - 10:19 AM.


#1197 gannman

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Posted 23 May 2022 - 11:54 AM

dollar is getting absolutely smashed today and that means higher commodity prices ahead

 

dollar has put in a significant top imho 


feeling mellow with the yellow metal


#1198 gannman

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Posted 23 May 2022 - 12:13 PM

i think we rally for a couple of more days in the broad market and then start a wave v down 

 

to complete the first leg of the bear market logical target in the sp is around 3525


feeling mellow with the yellow metal


#1199 Smithy

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Posted 23 May 2022 - 12:54 PM

Found myself feeling pretty bearish about gold so I bought some more.



#1200 dougie

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Posted 23 May 2022 - 01:42 PM

Senor on the road so beware! Saw this these sentiment numbers from another board. Not sure if this is "enough"

Blees is 97
Wait for 100?

bearishness (not much bearishness at all) for a meaningful low. Things can always be different, bounce continues and lets see how it goes
 
"GOLD 60/SILVER 41
HGNSI 20.59% (This was a huge 29.41 jump up)