4036 replies to this topic

[linrom1]

 

 

 

 

 

best POTENTIAL near term bullish wave count in weeks and this place is dead, makes me even more bullish as always DYODD

 

Senor

is this a C up or a 3?

 

We have 5 up in GDX/GDXJ/HUI/XAU/SILJ off THE lows, don't know what more anyone wants who believes in Ewave? maybe 5 up does not work, we are coming off huge bullish technical divergences and extreme bearish sentiment. Either take a modest position or go find a cave LOL (just kidding but in reality, when does one buy?) I think the risk/reward of buying this pullback with a stop at recent lows is some of the best risk/reward trades I have seen in a while, but as always, I could be dead wrong, we are all big boys and gals here.

 

Senor

 

true but if we have 5 up isnt the proper thing to do to watch for a clear 3 wave pullback?

 

It's not even clear if you had 5-waves down yet.

 

why are you looking for 5 waves down?

 

I really don't see a completed ABC either from 2011 or 2020. That means that we haven't bottomed other than on short term basis.

[dougie]

Does gold get to 1680 1690 on this bounce before heading back down to 1450 area/

[Smithy]

WSJ   9/30/22

 

The gross interest expense on the national debt hit $88 billion in August, according to the Monthly Treasury Statement. That’s $1.06 trillion a year. Interest on the national debt is exploding and heading toward what economists refer to as a “doom loop”—the vicious circle in which the government’s borrowing to pay interest generates yet more interest and yet more borrowing.

[senorBS]

Does gold get to 1680 1690 on this bounce before heading back down to 1450 area/

I would suggest focusing on upside vs downside, just my dos centavos

 

Senor

[K Wave]

If Bulls can keep Gold above 1660, still hope.

 

It likely all comes down to whichever way this 4 hour alligator jaw breaks out on Gold Silver ratio for the next big swing...

 

[K Wave]

Daily G/S still looking like 3 drive top as long as that last pivot high DOES hold...

 

[linrom1]

I see just an ABC up driven by hopium and just outrageous manipulation in AEM. OI is still going down with price now moving up----run.

Edited by linrom1, 30 September 2022 - 11:40 AM.

[dharma]

today is months end  and end of quarter.  which is significant for gold/miners and revealing for the broad market

i think next month is going to be tough for the broad market. 

dharma

[K Wave]

Not liking the Monthly chart configuration on Gold at all...

 

 

They did manage to hang on to 1660, but very real possibility we get gap underneath first day of October and just Go....

Highly dangerous now under 1660.....

 

[dougie]

 

Does gold get to 1680 1690 on this bounce before heading back down to 1450 area/

I would suggest focusing on upside vs downside, just my dos centavos

 

Senor

 

one must keep both perspectives in order. Take out that DT line with some gusto and backtest it and i am with you