Jump to content



Photo

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


  • Please log in to reply
1855 replies to this topic

#1201 dougie

dougie

    Member

  • Traders-Talk User
  • 8,177 posts

Posted 23 May 2022 - 02:39 PM

this move off the lows in silver looks corrective to my eye



#1202 senorBS

senorBS

    Member

  • TT Member+
  • 10,404 posts

Posted 23 May 2022 - 03:41 PM

this move off the lows in silver looks corrective to my eye

pretty much does in most stuff IMO, can still go higher of course but I remain muy cautious enjoying the beach in Morro Bay, my dog is REALLY enjoying the great dog beach here

 

Senor



#1203 Russ

Russ

    Member

  • Traders-Talk User
  • 6,787 posts

Posted 23 May 2022 - 07:32 PM

Armstrong/Socrates looking for a rally into June 20 for Gold if it can close on the weekly basis above 1848. A monthly May closing above 1835 will imply  a rally into the Silver benchmark date of June 20. 


Edited by Russ, 23 May 2022 - 07:38 PM.

"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/

#1204 gannman

gannman

    Member

  • Traders-Talk User
  • 6,766 posts

Posted 24 May 2022 - 08:16 AM

we are in a multi year bull market in the metals and other commodities also for that matter

 

the first leg took 55 months i expect this one to last into 2029 fwiw 


feeling mellow with the yellow metal


#1205 K Wave

K Wave

    Member

  • Traders-Talk User
  • 13,013 posts

Posted 24 May 2022 - 08:49 AM

Gold trying to launch off the reclaimed 1853....


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

 

 


#1206 K Wave

K Wave

    Member

  • Traders-Talk User
  • 13,013 posts

Posted 24 May 2022 - 08:55 AM

Epic battle for 960 area on PL rages on...an hourly close over 970 might seal in a win for bulls...


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

 

 


#1207 K Wave

K Wave

    Member

  • Traders-Talk User
  • 13,013 posts

Posted 24 May 2022 - 09:08 AM

Watching GDX here to see if this bump sticks or not...

 

As long as above 32, bulls OK...but below that, could be early sign of trouble...


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

 

 


#1208 gannman

gannman

    Member

  • Traders-Talk User
  • 6,766 posts

Posted 24 May 2022 - 09:13 AM

sold some puts on the general market bought somefcx and copx like copper very much here and the copper stocks 

 

fwiw 


feeling mellow with the yellow metal


#1209 senorBS

senorBS

    Member

  • TT Member+
  • 10,404 posts

Posted 24 May 2022 - 09:20 AM

Gold 65/silver 43

HGNSI. 29.41%. Up another 8%

 

Not what I would want to see if bullish, but anything can happen. Remain uncertain and 100% cash, as always DYODD

 

Senor



#1210 dharma

dharma

    Member

  • Traders-Talk User
  • 9,237 posts

Posted 24 May 2022 - 09:44 AM

bought back vxx  going to be patient

dharma