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


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#6071 K Wave

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Posted 06 May 2024 - 08:29 AM

G/S daily...Power break through the 200 day and below 84.60 could be just  what the doctor ordered for Silver 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

 

 


#6072 K Wave

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Posted 06 May 2024 - 08:30 AM

A most massive Island Bottom???

 


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

 

 


#6073 K Wave

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Posted 06 May 2024 - 08:31 AM

Here we 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

 

 


#6074 K Wave

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Posted 06 May 2024 - 08:40 AM

RUT cash...if she clears 2060. might be game over for bears

 

this is a HUGE area for rusty

 


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

 

 


#6075 K Wave

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Posted 06 May 2024 - 08:41 AM

there's the first 3+% on Silver...see if bulls have more today


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

 

 


#6076 K Wave

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Posted 06 May 2024 - 08:46 AM

Startin' to get LAUNCH DAY look to it on RGLD

 


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

 

 


#6077 K Wave

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Posted 06 May 2024 - 08:49 AM

27.40 holds on first crack at it.....

 

Bulls need to keep trying 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

 

 


#6078 dharma

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Posted 06 May 2024 - 10:48 AM

The yield curve has been inverted for +500 days This has only happened 3 times since 1920:

1. 2008 2. 1929 3. 1974 All 3 saw more than 50% market declines

hmmm

dharma



#6079 K Wave

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Posted 06 May 2024 - 11:20 AM

GDX easily holding 34 so far...but bulls need some more gas pedal soon


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

 

 


#6080 K Wave

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Posted 06 May 2024 - 11:27 AM

The yield curve has been inverted for +500 days This has only happened 3 times since 1920:

1. 2008 2. 1929 3. 1974 All 3 saw more than 50% market declines

hmmm

dharma

 

 

The only problem I have with that is Rusty chart looks nothing at all like the setups for any of those experiences (unless perhaps it turns hard down right here at 2060).

 

WHAT Rusty chart actually looks like is a massive bottom carved out at big time support, and is perhaps ready to launch if it goes any higher at all.

 

At the end of the day, no matter what the news, charts rule for me.

 

And right now, barring a swift reversal of fortune. not seeing a big bad bear case yet.

 


Edited by K Wave, 06 May 2024 - 11:28 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