thanks dharma good stuff
seems its time for a new thread. war markets are treacherous
#1231
Posted 26 May 2022 - 11:27 AM
#1232
Posted 26 May 2022 - 12:04 PM
# senor - the way i see cops is you had that huge run up from mar 2020 to may 2021 for a wave i
then we have corrected in an abc for a year with the c wave ending 5 12 2022
price action will reveal if this is really the case
#1233
Posted 26 May 2022 - 01:02 PM
and the same setup exists in ura. commodities are going to fly here imo
#1234
Posted 26 May 2022 - 01:08 PM
# senor - the way i see cops is you had that huge run up from mar 2020 to may 2021 for a wave i
then we have corrected in an abc for a year with the c wave ending 5 12 2022
price action will reveal if this is really the case
Won't argue with the larger 5 up but from the top I see an A down, this is a B up, and we have a big C down to come, pretty clear to me but Ewave can be in the eye of the beholder, we will see
Senor
#1235
Posted 26 May 2022 - 02:59 PM
Not impressed by the poor action today in the largest in the 3 largest gold miners AEM/ABX/GOLD, near session lows and poor action
#1236
Posted 26 May 2022 - 08:18 PM
Uranium looking good (such as UUUU), and S&P too.
#1238
Posted 27 May 2022 - 08:48 AM
Not impressed by the poor action today in the largest in the 3 largest gold miners AEM/ABX/GOLD, near session lows and poor action
This big 3 of miners down again in early action, if they can't get going IMO it does not bode well for sector, I'd think big money would flow to these stocks first if a big rally was getting underway but who knows, remain in cash
Senor
#1239
Posted 27 May 2022 - 09:34 AM
Not impressed by the poor action today in the largest in the 3 largest gold miners AEM/ABX/GOLD, near session lows and poor action
This big 3 of miners down again in early action, if they can't get going IMO it does not bode well for sector, I'd think big money would flow to these stocks first if a big rally was getting underway but who knows, remain in cash
Senor
There is no one buying gold.
#1240
Posted 27 May 2022 - 10:11 AM
looks to me like gold has one more lower low before we turn up in earnest.
one or 2 more rate hikes and then they stop and reverse. sometime this summer
its a slow motion train wreck.
dharma