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


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#1801 gannman

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Posted 23 June 2022 - 11:17 AM

so looking at what is going on the gold sector i believe bottoms next week

 

this selling clarifies the wave count for me we are now in the last leg of the c wave that started 

 

all the way back on april 18 . this is just my take my opine if the c wave last 72 days we would be 

 

looking a a bottom on june 29 again just my opinion have to see this thing rally out of here but i believe it will 


feeling mellow with the yellow metal


#1802 K Wave

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Posted 23 June 2022 - 11:17 AM

Gold back to the midnight battle ground....probably no bueno if bears reclaim it....


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

 

 


#1803 K Wave

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Posted 23 June 2022 - 11:20 AM

Weekly gold sporting massive momo divergence with momo on the verge of flipping full bearish on a sharp break under 1830...

 

Can the bulls save it before that happens?? This AM might have been their last chance...


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

 

 


#1804 K Wave

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Posted 23 June 2022 - 11:23 AM

I can see that case for XAU GDX final washout here...unless they break it wide open...

 

And Copper and PL certainly not very encouraging at this point...monthly Copper now looking very toppish


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

 

 


#1805 Smithy

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Posted 23 June 2022 - 11:25 AM

8 hour silver chart in a 6 week triangle. That lower bound at spot $21.03 needs to hold or there will be trouble in River City.

 

Coincides with gold 1830.

 

XAU has broken below its low of the year around 119 - don't want to see a close here.

 

All seems on the bearish edge. Senor was muttering about this.


Edited by Smithy, 23 June 2022 - 11:26 AM.


#1806 K Wave

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Posted 23 June 2022 - 11:29 AM

If Gold fails to find its footing like right here right now, then a trip to the daily 900 at a minimum starts to look like a real possibility..and possibly quickly..

 

Possible huge pivot point where we are right now...

 

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

 

 


#1807 K Wave

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Posted 23 June 2022 - 11:36 AM

XAU gettin' the long red one look to it...


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

 

 


#1808 gannman

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Posted 23 June 2022 - 11:44 AM

and if smh goes under 199 then i believe we are full on crash mode in the broad market fwiw 

 

and i think gld will hold up we will see on that one 


feeling mellow with the yellow metal


#1809 linrom1

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Posted 23 June 2022 - 11:55 AM

 

GDXJ at 2018 resistance levels.



#1810 linrom1

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Posted 23 June 2022 - 12:00 PM

Hanke-Cofnas Index at -2.11 for gold. Unless we start getting talk about recession, gold is not going anywhere.