6456 replies to this topic

[CHAx]

 

 

This is Pretcher's freebie. If one is going to do basic EW projections based on Wave 1, it comes to 2600 -3000. But, I think there are serious issues with that chart. I don't agree with the count.

 

What dont you like about this count?  This is the count I made on my own, before you posted Pretcher shared a similar count... and I respect your ability to critique counts.

 

 

Also, we can easily get huge extensions in both time and price for a wave 5 (commodities are particularly likely to have extensions in 5 vs extensions in 3 for equities).  So there really isn't a cap on this move yet.

 

Also.  Notice gold has broken to ATHs in multiple currencies last week.  JPY, AUD, and GBP to name a few.

Edited by CHAx, 29 March 2023 - 11:19 AM.

[crossd]

..Top Gold Stocks for Q2 2023..

 

https://www.investop...q2-2023-7372643

 

 

donc

[K Wave]

Well, Silver & G/S achieved all objectives except for the big one...price over 24

 

Watching Gold here closely...still has those Twin Towers up there at 2K, so likely needs to hold 15 min line, or could be trouble brewing.

 

[K Wave]

So far, Gold doing what it needs to do to have a shot at taking the Twin Towers out and going to new high.

 

Stop at today's low could be prudent now.

 

[tradesurfer]

How do I join that socrates study group or is it by invite only?

 

 

 

If nothing comes out of this banking crisis, gold is going to new post '20 lows.

Here is one guys take from the Socrates group.... Bruce24

  12:11 PM

I translate a lot of what MA is saying that in 2024 we test a low again (implying that although people are losing trust in GOVT...(always his reason for GOLD going up not inflation or other reasons)  increasingly that a new high in Gold in 2023 would not hold and we would go back down setting up a buy in GOLD of one's lifetime. SLINGSHOT up in later 2024 and the war cycle really kicks in into 2025 and beyond meaning Gold likely does not see again 2000's thru 2032. The question is what is the high in 2023 (2180-2400 somewhere) and what is the low in 2024 (1200-1700 somewhere) .

 

[dharma]

this may throw a wrench in the bulls plans. call buying is off the charts

https://twitter.com/...src=typed_query

dharma

[dougie]

dharma: that is NOT bullish UNLESS it is

[dougie]

seeing some hourly neg divergences in GDX

[linrom1]

Going into well overbought territory.

[dougie]

gold moving towards ATHs and miners in the toilet: go figure