4036 replies to this topic

[dharma]

http://www.321gold.c...llan120922.html

i found this interesting

dharma

[dharma]

an interesting approach to deciphering the silver market

https://twitter.com/...287102058360833

never thought of putting TA to music!

dharma 

[senorBS]

With Friday's bad close itlLooks to be like in most stuff a B wave topped Friday and silvers new highs were likely wave v of 5 -an ending pattern. Note almost all silver stocks and SILJ did not make new highs so negative divergences there. Looks like a sharp wave C down could occur next week, we see

 

Oil and oil stocks got annihilated last week, reports are liquidity is low and traders can and are really whipping this stuff around (maybe gold/silver next week?). In any case much of oil sector hitting extreme oversold levels, did a little adding to developing oil stock position Friday, may look to add more next week. as always DYODD

 

Senor

[Smithy]

Well said, Senor. 

 

[Smithy]

Wave 1 rising wedge

 

[senorBS]

Wave 1 rising wedge

 

Bueno, exactly how I currently see it, looking for a sharp C down perhaps into Wednesday's Fed meeting. With low liquidity markets can and likely will really get whipped around hard so be ready for that and take advantage of that if we see it in the miners this week. I will likely be buying aggressively on a sharp decline this week, we see

 

Senor

[senorBS]

Aussie XGD down 3.8%, gold at 1790. with XGD drop looks like the correction could very well be on, we see

 

Senor

[K Wave]

GLD got whacked right at 168 again on Friday.

 

If that turns out to be the high for rest of the year, bulls could still have potential trouble on their hands.

 

Quarterly chart shows shows the cause for concern.

 

Looks a bit too much like a massive divergent top, unless Gold/GLD can make base camp above 1803/168.

 

[K Wave]

Gold Daily...using the 200 and 900 day pivots may prove useful going forward from here

 

Back under the 9 hundie would likely not be good if the reclamation effort were to fail.

 

 

 

[K Wave]

Gold battle for 5 min line here around 1788....If bulls lose this battle, would be first possible crack in the dam...