Big reason looking for possible turn in Silver bulls fortunes....right at the hourly 900...
I doubt bears survive another push over 24 now....23.80 area could be the tell....
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
5829 replies to this topic
#131
K Wave
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Posted 19 January 2023 - 10:41 AM
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#132
K Wave
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Posted 19 January 2023 - 11:05 AM
GDX 2nd test of 32....what happens next likely real important...
IF bulls can get it back above 32, then maybe 900 day rejection does not happen....
If it does roll back over, then downside acceleration likely on deck...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#133
K Wave
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Posted 19 January 2023 - 12:24 PM
2nd test of 32 on GDX....moment of truth likely soon now....
under 31.50 now would likely be first sign bulls do not have what it takes...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#134
K Wave
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Posted 19 January 2023 - 12:46 PM
GS winding it up....
under 347 now would be hint of possible real trouble...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#135
senorBS
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Posted 19 January 2023 - 02:00 PM
just holding long and ignoring short term gyrations, got gold/silver? One note, looks like GSR is in latter stages of large upside correction, perhaps ended wave 3 of C and this is a wave 4, we see
Senor
Edited by senorBS, 19 January 2023 - 02:01 PM.
#136
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Posted 19 January 2023 - 07:09 PM
I think tomorrow may be D day for GDX...
If that pop over 32 turns into breakout/fakeout, and Silver fails to climb out over 24, then 900 day resistance probably starts to take effect on GDX.
But if bulls can get a ramp job going over night and GDX can gap n go upside, then perhaps 900 will be overcome.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#137
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Posted 19 January 2023 - 07:14 PM
this 5 min back test battle could very well decide things on Silver tonight...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#138
dougie
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Posted 19 January 2023 - 09:26 PM
just gessing hee. one more st low in store after a bounce. then migh higher to complete this move
#139
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Posted 20 January 2023 - 10:01 AM
As I pretty much suspected, breakout/fakeout at 32 on GDX...
Now we see if bears can get full rollover.
Above that throwover top would likely mean bears completely outta bullets now...so do or die for them here at the 900 day...
Edited by K Wave, 20 January 2023 - 10:02 AM.
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#140
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Posted 20 January 2023 - 10:40 AM
Possible positive development here...
PL reclaims the hourly...so that drag effect may be gone...
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
