4036 replies to this topic

[linrom1]

Intersting set up: it looks like it could take off. Powel said he wants 2% inflation?

[senorBS]

Thinking this is possibly a daily wave 5 up from the decline lows, XGD looks the same assuming we get new rally highs tonight which appears very likely. Some stuff not quite at new highs but getting very close. Of course, "if wrong" this could morph into a large 3 instead of a 5, right now prefer the wave 5 count

 

Senor

[Russ]

GLD has now shown a confirmed signal for a high around January 23. 

 

[Smithy]

Russ, can your Jan 23rd gold high invert?

[senorBS]

BTW it looks to me like one more DXY new DAILY low down toward 105 area could complete a nice 5 down from the rally highs, that actually fits nicely with a lot of the possible miner counts ending a wave 5 up soon, we see and as always DYODD

 

Senor

[dougie]

HIGH HO SILVER

[Russ]

Russ, can your Jan 23rd gold high invert?

A signal can invert yes but in this case having just broken out of it's long channel and also the Armstrong cycle in Sept,  I think gold will keep going up into mid jan at least. I am of course aware of Senor's view on the dollar being oversold but sill think gold keeps going up into jan.  As long as gold stays above that 1725 area it should keep going up. It looks like gold is starting a wave 3 advance but I admit I am not an elliot wave expert.

[dharma]

Intersting set up: it looks like it could take off. Powel said he wants 2% inflation?

thanks for posting the avi link i appreciated his perspective on the broad market . he also noted that he is giving a webinar next week on gold

dharma

[dougie]

some resistance in here

[dougie]

seems tied to the hip with SPX: i bet Senor made a GOOD call today by selling out as SPX looks fully done