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


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#2571 senorBS

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Posted 15 August 2022 - 07:39 PM

I am continuing to monitor the XGD (Aussie golds) as IMO has the clearest Ewave count going, 5 up daily from THE low for 1 or A, now working on a wave 2 or B down, prev 4th wave support near 5235 is the first impt support level/target for a possible low of 2 or B. XGD down 1 1/2% tonight near 5290

 

Senor



#2572 Smithy

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Posted 15 August 2022 - 08:52 PM

Thanks Senor; currently flat in trading ac.



#2573 senorBS

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Posted 16 August 2022 - 07:01 AM

Thanks Senor; currently flat in trading ac.

No problemo, I will probably buy a long trading position if the U.S. miners and gold/silver drop a bit more from yesterday's close, but I am keeping things smallish in this environment. So far pre-mkt miners barely budging

 

Senor


Edited by senorBS, 16 August 2022 - 07:02 AM.


#2574 Smithy

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Posted 16 August 2022 - 09:06 AM

I'm expecting to sit on my hands today with regards to the miners. Tomorrow is a candidate for nibbling.



#2575 senorBS

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Posted 16 August 2022 - 09:11 AM

OK,j ust got done buying a very modest "trading" position, may add a bit more if we go lower, as always DYODD

 

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#2576 gannman

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Posted 16 August 2022 - 09:15 AM

the way i am seeing this if we are really going to start a wave 3 up here the hui 

 

should blast off and run up to about 280 very quickly . until then i will just watch 

 

just my take 


feeling mellow with the yellow metal


#2577 gannman

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Posted 16 August 2022 - 10:47 AM

xle if it trades above 79.50 i believe another impulse leg up is in progress 

 

heading to over 100


feeling mellow with the yellow metal


#2578 dharma

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Posted 16 August 2022 - 01:04 PM

spy stretched out on hourly divergences.  either it regains momo or it tops

dharma

gold bottoming  this week



#2579 senorBS

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Posted 16 August 2022 - 01:39 PM

exited longs, small gain, too dicey for me

 

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#2580 gannman

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Posted 16 August 2022 - 03:23 PM

i would love to see hui make one more new low under 208 and then rocket out of there

 

that would be a good start. and i mean rocket adding a quick 50 or 60 points 


feeling mellow with the yellow metal