4036 replies to this topic

[dharma]

in the usa there has never been a bear market that didnt end w/the vix being over 50

just my 2c

dharma

happy new year everyone

[Smithy]

Good observation!

[Russ]

https://twitter.com/...861137013182466

I agree a pullback looks likely but longer term I doubt it breaks down below 1600 area.... 

 

[senorBS]

So the way I see Silver here, unless we get an hourly close above 24.10, back test of 22 still most likely scenario as 4 hour momo completely shot.

 

Once Silver actually holds above 24, then there may be no holding it back for some time to come.

I just keep looking at the SILJ/SLV and SIL/SLV ratios - they are massively/bullish coiled and are in the process IMO of registering a secondary low against their MULTI-YR lows registered just 5 or 6 trading days ago! I spent Thursday and Friday reconfiguring my miner portfolio a bit and going more heavily silver (60%) vs gold miners (40%). Did some oil stock adjusting as well late in the week and ended up about 25% long miners and 18% long oil stocks. While we may correct further the FIVE WAVE rallies we have in the miners, we could also just explode higher at any time IM in a big wave 3. So, I have strategies to add to miners on weakness or strength. Have a feeling 2023 will finally give us a sustained big up year in miners. Hope everyone noticed just how badly DXY ended the year - I think it's going to just keep trending lower thru 2023. 

 

HAPPY NEW YEAR 

 

Senor

[Russ]

Armstrong warning on gold...

 

 

[Russ]

Dollar low for Jan 5 signal in agreement with Armstrong's cyclical analysis. "Orthodox Christmas Day for the year 2023 will be observed on Saturday, January 7th, 2023. Strangely, most of the markets are showing turning points the week of January 2nd and/or 9th even with some markets showing Panic Cycles the week of the 9th following Orthodox Christmas."

 

 

 

[Smithy]

Russ, what does "orthodox Xmas Day" mean?

What major turn dates do you have for gold this year?

I have you down for a Jan 15th peak.

[Russ]

Russ, what does "orthodox Xmas Day" mean?

What major turn dates do you have for gold this year?

I have you down for a Jan 15th peak.

I assume that means Jewish Xmas but I am not sure Smithy. 

 

Gold might peak around that time, I do have a conflicting signal for a low around there now too, this oscillator can be tricky to use.  Silver has a possible signal for a low in April below. 

 

[Smithy]

Thanks Russ, your forecasts are always interesting.

[Russ]

Gold is up tonight likely because of War and Inflation which Armstrong's computer has calculated to be running at 32% for 2022.  Biden's World War is now underway with Zelensky murdering large numbers of Russians as they slept with US missiles. Armstrong predicted the war would escalate and that January would be a key turning point in 2023 "the year from hell", he also predicted that Zelensky would use the US satellite guided missiles offensively. We can now expect both sides to attack "fiercely" .   https://www.armstron...ns-in-barracks/

Edited by Russ, 02 January 2023 - 11:51 PM.