4036 replies to this topic

[crossd]

 

 

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

so far so good as DXY just eked out a new decline low below 105.32 in a possible 5th wave that could have more to go. We could be in the latter stages of 5 down and also 5 up in miners, XGD easily moved to a new high last night (likely wave 5 as well), let's see how it plays out near term

 

Senor

 

OK wave 5 up in miners/down in DXY just might be over, if it is a 2–4-week correction would be expected and just perhaps, more bullish count is we keep goin higher with only small pullbacks for now - I favor the 5 up ending count, we see

 

Senor

 

..look at the weekly $gold and look at ADX(7)..the green line must get near 50 in high 40's at least for a top..it's 34.75 now so i favor a straight up move

to 1900  like the move up after the pandemic shock..

 

congrats Senor on your excellent trading..

 

donc

[K Wave]

PL needs to hold around 1K or gonna start to look a bit Twin Towerish...

[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

so far so good as DXY just eked out a new decline low below 105.32 in a possible 5th wave that could have more to go. We could be in the latter stages of 5 down and also 5 up in miners, XGD easily moved to a new high last night (likely wave 5 as well), let's see how it plays out near term

 

Senor

 

OK wave 5 up in miners/down in DXY just might be over, if it is a 2–4-week correction would be expected and just perhaps, more bullish count is we keep goin higher with only small pullbacks for now - I favor the 5 up ending count, we see

 

Senor

 

..look at the weekly $gold and look at ADX(7)..the green line must get near 50 in high 40's at least for a top..it's 34.75 now so i favor a straight up move

to 1900  like the move up after the pandemic shock..

 

congrats Senor on your excellent trading..

 

donc

 

Gracias, but with this morning's gold/silver/miner decline (dollar rally) I currently favor the case 5 up daily has ended and we now correct for 2-4 weeks, just my take and I will remain flexible and will stay with a 15% core position.

 

Senor

[Smithy]

As posted yesterday, looking good to lighten up mainly silver longs on the close. A slight new high in silver would tend to seal the deal, but not a requirement. The divergence with gold supports cutting back.

I think Senor nailed it.

Silver high so far $22.91 overnight, curr. $22.76.

[Smithy]

Silver making new highs, SILJ diverging.

Marks of weakness, marks of woe.

Edited by Smithy, 02 December 2022 - 11:29 AM.

[linrom1]

SI looks like it's doing its typical parabolic blow-off tick.

[Smithy]

GSR plunging to the downside, Kwave gonna be happy.

[K Wave]

Heckuva week for Silver...as a breach of 82 on G/S suggested might be possible....

 

Reasonably certain now that G/S has turned over for some time to come.

 

HIYO SILVER!

[K Wave]

 

 

 

 

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

so far so good as DXY just eked out a new decline low below 105.32 in a possible 5th wave that could have more to go. We could be in the latter stages of 5 down and also 5 up in miners, XGD easily moved to a new high last night (likely wave 5 as well), let's see how it plays out near term

 

Senor

 

OK wave 5 up in miners/down in DXY just might be over, if it is a 2–4-week correction would be expected and just perhaps, more bullish count is we keep goin higher with only small pullbacks for now - I favor the 5 up ending count, we see

 

Senor

 

..look at the weekly $gold and look at ADX(7)..the green line must get near 50 in high 40's at least for a top..it's 34.75 now so i favor a straight up move

to 1900  like the move up after the pandemic shock..

 

congrats Senor on your excellent trading..

 

donc

 

Gracias, but with this morning's gold/silver/miner decline (dollar rally) I currently favor the case 5 up daily has ended and we now correct for 2-4 weeks, just my take and I will remain flexible and will stay with a 15% core position.

 

Senor

 

As long as Silver and G/S hold the 900s now on any pullbacks, big turn should be unfolding.

 

G/S honestly looks like 900 day testing is already finished, and time to get hammered on that one.

But sometimes these transitions can take a while...so not completely ruling another test of 900 day area.

 

GLD still needs to clear and hold 168 to get free there...

Edited by K Wave, 02 December 2022 - 03:25 PM.

[K Wave]

Here is the chart for reference...lotta work already done at the 900...this looks like a wedge break initiation