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


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#11 dougie

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Posted 08 January 2023 - 01:57 AM

 

interesting place here on weeklies

And Daily as well....looking a wee bit extended, but if it manages to hold 30 on any pullback, maybe it finally punches out back into bull territory.

 

But generally speaking...a long leg into a 900 up or down, the 900 usually holds, at least for a bit anyway.

And this could still turn into a massive bearish upthrust 900 back test.

 

As long as Silver remains under 24, a time for caution at these levels.

 

gdx.jpg

 

thanks



#12 Russ

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Posted 09 January 2023 - 03:37 AM

 

interesting place here on weeklies

And Daily as well....looking a wee bit extended, but if it manages to hold 30 on any pullback, maybe it finally punches out back into bull territory.

 

But generally speaking...a long leg into a 900 up or down, the 900 usually holds, at least for a bit anyway.

And this could still turn into a massive bearish upthrust 900 back test.

 

As long as Silver remains under 24, a time for caution at these levels.

 

 

 

K Wave, I noticed that you are posting your charts to a image posting site before linking them here. You can just click on the camera icon on tradingview then copy the chart address and past it into the stockcharts icon on this site. 


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



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#13 Russ

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Posted 09 January 2023 - 04:10 AM

Silver shortages developing....  


"Nulla tenaci invia est via" - Latin for "For the tenacious, no road is impossible".
"In order to master the markets, you must first master yourself" ... JP Morgan
"Most people lose money because they cannot admit they are wrong"... Martin Armstrong



http://marketvisions.blogspot.com/

#14 K Wave

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Posted 09 January 2023 - 09:04 AM

GDX with near perfect 900 day back test here pre-market just under 32.

 

Bulls have to really earn their keep now...be on alert for possible failure...


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

 

 


#15 K Wave

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Posted 09 January 2023 - 09:05 AM

K Wave, I noticed that you are posting your charts to a image posting site before linking them here. You can just click on the camera icon on tradingview then copy the chart address and past it into the stockcharts icon on this site. 


 

 

 

Thanks for that tip, will give it a go.


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

 

 


#16 Smithy

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Posted 09 January 2023 - 09:25 AM

Senor, you lightening up?



#17 K Wave

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Posted 09 January 2023 - 10:13 AM

And GDX red...careful


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

 

 


#18 Smithy

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Posted 09 January 2023 - 10:19 AM

1-9-23-HUI-GLD-ratio.jpg


Edited by Smithy, 09 January 2023 - 10:25 AM.


#19 K Wave

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Posted 09 January 2023 - 11:00 AM

31.50 probably a good stop on GDX now...


Edited by K Wave, 09 January 2023 - 11:00 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

 

 


#20 dharma

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Posted 09 January 2023 - 11:34 AM

gold new highs silver not=divergence.  sure looks like it is topping to me.  

dharma