HL closed on the low of the day. Hard to be bullish.
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
5765 replies to this topic
#252
senorBS
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Posted 30 January 2023 - 08:45 PM
HL closed on the low of the day. Hard to be bullish.
Liking the way we are heading lower, trucks have been finely tuned, oil changed, and ready to rumble
Senor
#254
crossd
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Posted 31 January 2023 - 06:58 AM
1/27/23
"The McClellan Price Oscillator for gold futures prices has reached a pretty high level, equivalent to what it did at the price top in March 2022, and it has just now turned down. This is a bearish signal and could set off a pretty big pullback."
Smithy.thanks for posting that...i'm a big fan of McClellan...earlier this year he said the long view on stocks was pretty dim..
donc
#255
Smithy
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Posted 31 January 2023 - 08:54 AM
As long as spot gold remains above gold spot ~1890 the upmove remains intact, IMHO.
#256
K Wave
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Posted 31 January 2023 - 09:58 AM
See if G/S can break that line.....
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#257
Smithy
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Posted 31 January 2023 - 10:14 AM
To my mind gold's parameters are (1) above spot 1949 its up and away maybe to kiss 2,000 or (2) and now, below 1901 (no longer 1890), the correction has started, correcting all the move from the Sept low last year. In between, I'm sitting on my hands.
#258
linrom1
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Posted 31 January 2023 - 12:45 PM
it definitely looks like a set up for tomorrow's dump?
#259
K Wave
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Posted 31 January 2023 - 01:21 PM
AGQ...it goes on and on and on and on...don't stop believin'
The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy
#260
linrom1
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Posted 31 January 2023 - 03:05 PM
It could be breaking down, but given tomorrow?
Edited by linrom1, 31 January 2023 - 03:06 PM.
