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


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#4801 K Wave

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Posted 03 April 2024 - 09:15 AM

GDX...breaking the 1 min line could be first clue the sideways part is on the way for a number of days....if it comes....

 


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

 

 


#4802 K Wave

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Posted 03 April 2024 - 09:18 AM

possible that back test of the downtrend line on Coffee might be starting...see if it comes back under 200 soon 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

 

 


#4803 K Wave

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Posted 03 April 2024 - 09:25 AM

Trannies......coiling....

 


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

 

 


#4804 K Wave

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Posted 03 April 2024 - 09:35 AM

With gold relatively weaker, watching 2270 area now for possibility of correction wave starting...


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

 

 


#4805 K Wave

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Posted 03 April 2024 - 09:53 AM

As a reminder...here is what 1982 looked like coming out of the hole

 

Did not pull back a whole lot before stage 2 thrusters kicked in

 


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

 

 


#4806 K Wave

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Posted 03 April 2024 - 09:56 AM

GDX slightly different path...but if we go sideways from here or a bit higher for a while...could be in a very similar situation.

 


Edited by K Wave, 03 April 2024 - 09:58 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

 

 


#4807 K Wave

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Posted 03 April 2024 - 10:00 AM

Still not ruling out something along these lines on Gold into mid April before it really takes off

 


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

 

 


#4808 K Wave

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Posted 03 April 2024 - 10:04 AM

PA finally above the overnight highs...downtrend busted and time for Stage 2??

 


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

 

 


#4809 K Wave

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Posted 03 April 2024 - 10:19 AM

Gold may have one more good push up before any correction....

 

but under 2270 could abort 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

 

 


#4810 Smithy

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Posted 03 April 2024 - 10:29 AM

I don't expect g&s to pull back too much and allow latecomers in at good prices