taking some profits in g&s; expect lower prices next week...
we either have a wave 1 of a new bull market or more backing and filling
Started by
dharma
, Jan 05 2023 06:30 PM
6089 replies to this topic
#1002
Smithy
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Posted 05 May 2023 - 08:01 AM
Linrom - you're not shorting gold stocks?
#1003
linrom1
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Posted 05 May 2023 - 08:22 AM
Linrom - you're not shorting gold stocks?
No clarity in the sector. Both gold and silver could be in 12,12? There are some more interesting sectors in the market: NG, Wheat, banks, REITs.
Edited by linrom1, 05 May 2023 - 08:24 AM.
#1004
linrom1
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#1005
linrom1
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#1006
K Wave
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Posted 05 May 2023 - 08:48 AM
And the pivot gets set even harder....
Until AGQ gains foothold above 36, bulls still do not have long term ball in hand
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#1007
dougie
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Posted 05 May 2023 - 04:47 PM
And the pivot gets set even harder....
Until AGQ gains foothold above 36, bulls still do not have long term ball in hand
concur
#1008
dougie
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Posted 08 May 2023 - 12:34 AM
move off gold highs looking possibly impulsive. this count is stil alive
https://substackcdn....38a_928x716.png
#1010
CHAx
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Posted 09 May 2023 - 06:57 AM
quiet around here.
Good sign for the bulls. Finally, shorts have been increasing back to even, as price remains high (in 2021-2022 long/short was 80/20). Sentiment is supportive for another push higher:
https://www.dailyfx.com/gold-price
IG Sentiment
Net Long / Net Short
53 / 47
Daily change in
Longs -2%
Shorts 8%
OI 3%
Weekly change in
Longs -14%
Shorts 26%
OI 1%
Edited by CHAx, 09 May 2023 - 07:00 AM.
