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


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#211 K Wave

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Posted 26 January 2023 - 06:52 PM

Gold possible near term path??

 


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

 

 


#212 K Wave

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Posted 26 January 2023 - 07:03 PM

Palladium weekly and monthly still looking pretty no bueno...now starting to live under 1700 again...may not survive another trip to 1600

 

 

 


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

 

 


#213 K Wave

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Posted 26 January 2023 - 11:26 PM

Gold possible near term path??

 

I swear to y'all I DID NOT have an advance copy of the Midnight Gold report. laugh.png

 

Sometimes the charts actually do what they are supposed to!

 


Edited by K Wave, 26 January 2023 - 11:27 PM.

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

 

 


#214 Smithy

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Posted 26 January 2023 - 11:39 PM

XGD (Sydney gold mining index) textbook complete EW wave?  If so, a drop this way cometh.

 

1-26-23-XGD.jpg



#215 K Wave

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Posted 27 January 2023 - 07:27 AM

After I covered my little swing  short on Gold and went to bed, Gold managed to hold the 15 min line area...so the great sideways continues

 

if/when the 15 gets breached, that would be when it might go down a bit harder.

 

PL had a good washout, now we see if it can start to recover or not...first step would be back above 1040, and likely needs to happen fairly soon, or the damage could escalate.

 

4.25 on Dr Copper looking real big..managed to hold there again overnight.

 


Edited by K Wave, 27 January 2023 - 07:27 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

 

 


#216 K Wave

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Posted 27 January 2023 - 08:06 AM

PL not exactly lightin' it up out of the hole...

 

And Silver gettin' dangerously close to that 23.60 pivot...after yet another...let's all say it together...massive failure above 24.


Edited by K Wave, 27 January 2023 - 08:09 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

 

 


#217 K Wave

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Posted 27 January 2023 - 08:08 AM

Big Yea or Nay could be IMMINENT on Silver

 


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

 

 


#218 K Wave

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Posted 27 January 2023 - 08:16 AM

GLD still hangin' on by a thread to the 3 min line...(after bouncin' off the 5)

How it breaks from here today real important, because if down, then the 5 min line likely goes 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

 

 


#219 K Wave

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Posted 27 January 2023 - 08:18 AM

And here is 1 min to boot...

 

Under that last pivot around 179.37, could set downside wheels in motion.

 

Bulls still OK above that....

 

 

 


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

 

 


#220 K Wave

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Posted 27 January 2023 - 08:19 AM

Silver at the cliff edge...see what happens next here


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