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


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#3021 linrom1

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Posted 12 February 2024 - 02:45 PM

Maybe buyers in NEM, could be precursor to move up in gold.



#3022 senorBS

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Posted 12 February 2024 - 08:30 PM

Nice action today as miner/gold ratios turned up from potential key several yr lows and are very oversold with divergences, GSR may have double topped near 92, gold has so far held above 2000 during all this corrective action. Maybe final bottoms, and even more divergences on Plat and Palladium into recent several yr lows. A possible very bullish script if you ask me, we see

 

Senor



#3023 Smithy

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Posted 13 February 2024 - 07:27 AM

Thanks, Senor.Im hoping time is running out for the bears

#3024 K Wave

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Posted 13 February 2024 - 08:03 AM

Silver 23 looks even bigger now after yesterday's spike reversal there...

 

See if it can get a foothold above after CPI...or not


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

 

 


#3025 K Wave

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Posted 13 February 2024 - 08:06 AM

KW, could u expand on what u think the end game Looks like?

 

Rising rates combined with falling currency.

We have seen it in "3rd world" countries many times.

May be about to become a "1st world" problem......

And as I have said many times...Japan should lead when it happens....

 

My guess is once short rates in Japan blast above current levels to complete the big slow aircraft carrier turn....it begins...slowly at first....

 

 

Yen already WAY out in front....

 


Edited by K Wave, 13 February 2024 - 08:10 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

 

 


#3026 K Wave

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Posted 13 February 2024 - 08:15 AM

Could be just about moment of truth time for that absolutely massive Silver/Euro wedgie

 

Bulls need the break to be UP

 


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

 

 


#3027 K Wave

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Posted 13 February 2024 - 08:21 AM

T -10 to CPI


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

 

 


#3028 K Wave

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Posted 13 February 2024 - 08:24 AM

Wedgie time around the 900 may almost be done for Crude as well....foothold back above 200 could bode well for bulls

 


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

 

 


#3029 K Wave

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Posted 13 February 2024 - 08:34 AM

Apple still tryin' to lead the turn....see if it sticks today.

 

180 still the Armageddon level


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

 

 


#3030 K Wave

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Posted 13 February 2024 - 08:39 AM

Do not kid yourself.....IF silver does not recover here, could get quite ugly with multiple longer time frames trying to roll over in unison

Silver MUST get above 23 before safe at all....

 

4 hour

 

 

6 hour

 

 

8 hour

 

 

12 hour still bulls last great hope.....DO NOT want to lose that last pivot...

 


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