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we either have a wave 1 of a new bull market or more backing and filling


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#181 K Wave

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Posted 24 January 2023 - 03:10 PM

G/S winding it up...

 

a breach of that 3 min line along with a breach of the 5 just below it could be all that Silver bulls need now to have a good shot a breaking out of the big consolidation to the upside.

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#182 linrom1

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Posted 24 January 2023 - 10:27 PM

Some divergence, no joke.



#183 K Wave

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Posted 25 January 2023 - 08:30 AM

After an epic battle for 1060 PL could not break through...back under 1040 where it is now could be trouble...

 

If it starts to break here, would not be surprised to the withering momo on Gold finally take effect as well...


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#184 K Wave

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Posted 25 January 2023 - 11:36 AM

The big indecision game continues as PL holds 1040.

 

15 min G/S starting to look like it might break...

 

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#185 K Wave

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Posted 25 January 2023 - 11:41 AM

So far, not able to break that hourly 200 trend line on Gold....

 

Possibility exists that it might work off that withering momo without breaking...so on alert for a pickup in momo leading to possible blow off mode in Gold.

 

That would likely coincide with breakdown in G/S and Silver roaring to life....

 

Tough read here until things make decisions...

 

Silver over 24.20 and G/S under 79 are what I would like to see for Silver bulls to have a real shot at breakout.

 


Edited by K Wave, 25 January 2023 - 11:42 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

 

 


#186 dougie

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Posted 25 January 2023 - 01:25 PM

divergence between comms and specs on Platinumi s getting to where it usually bodes STRNGLY for a good correction!



#187 dougie

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Posted 25 January 2023 - 02:24 PM

key juncture right here.



#188 K Wave

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Posted 26 January 2023 - 06:43 AM

Gold perhaps with just about to be aborted blowoff launch...

 

PL still not acting well, and Silver did not even print 24 on the last attempt up...

 

If that rising wedgie on GLD breaks today, could be sharp pullback...

Watching 3 min line for for breach...

 

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#189 K Wave

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Posted 26 January 2023 - 06:49 AM

Here's the issue if PL does not hold in this area...

 

It could then go right back under the 900 day and if it also got below the 200 (which is still BELOW the 900), then it is right back in bear mode...

 

So...until PL can make a definitive move over 1060, caution still warranted.

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#190 K Wave

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Posted 26 January 2023 - 06:58 AM

Weekly PL...still in no man's land...and back below the weekly 200 is potential trouble

 

Above 1060, would feel much better about bulls prospects, but currently not liking how PL acting at all....but that could change with a recovery soon.

 


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy