or those who own the banks own and control the supply
The TWO EWAVE counts for this likely wave C
#71
Posted 16 October 2016 - 01:59 PM
#72
Posted 17 October 2016 - 10:39 AM
took a small GDX TRADING position as I bot near 23.18, will use a fairly tight stop. If near term bearish it needs to fade here badly today IMO
BSing away
Senor
Edited by senorBS, 17 October 2016 - 10:39 AM.
#73
Posted 17 October 2016 - 06:38 PM
this is one tough hombre, stayed long my small GDX trading position taken earlier today, Bottom line is that support at gold 1250 has held and HUI 195 area as well. Technical s are oversold and sentiment has become very negative - all this guarantees nada and II am still think its 50/50 whether gold might ultimately see one more washout leg down to 1210 area. I don't mine owning a small long for now but I am an itchy finger kinda guy in this environment
BSing away
Senor
Edited by senorBS, 17 October 2016 - 06:38 PM.
#74
Posted 18 October 2016 - 08:55 AM
exited GDX for decent gain, just a trader here
BSing away
Senor
#75
Posted 20 October 2016 - 09:34 PM
did a lot of dollar charting - looks to me like it's going to go to perhaps 101-102 in dollar index in a blowoff. If correct that will very likely keep pressure on the gold sector and perhaps give us our last leg down. At this time I am in no hurry to buy the gold sector as I am going to try to be patient and see if this plays out
BSing away
Senor
#76
Posted 20 October 2016 - 10:25 PM
Si Senor
I have been watching the dollar index as well. To me it looks, as you say, like it wants to head up. So I took a look at some charts.This PNF chart
has a tentative upside objective of 106. However, I prefer your numbers. I am sitting on a pile of cash burning a hole in my pocket. Patience Patience Patience. Many times I find it difficult to keep from jumping in.
Thanks for posting your thoughts and analysis. It is most appreciated.
johngeorge
#77
Posted 21 October 2016 - 01:01 AM
exited GDX for decent gain, just a trader here
BSing away
Senor
nice trade, wish i had joined you
#78
Posted 21 October 2016 - 07:20 AM
did a lot of dollar charting - looks to me like it's going to go to perhaps 101-102 in dollar index in a blowoff. If correct that will very likely keep pressure on the gold sector and perhaps give us our last leg down. At this time I am in no hurry to buy the gold sector as I am going to try to be patient and see if this plays out
BSing away
Senor
Edited by stubaby, 21 October 2016 - 07:27 AM.
#79
Posted 21 October 2016 - 07:49 AM
thanks for chiming in guys, if dollar index does blowoff it's always hard to determine how high it goes, and patience can be very difficult but I for now thee recent rally in gold/silver/gold stocks does look corrective
Senor