3of 3 front and center

all the talk this weekend is covid . the correction in the broad market may develop legs.i dont think we see new lows

stepping back 

are we making a big cup and handle on the gold market

https://pbs.twimg.co...=png&name=large

it seems to me that we are quite early in this game

https://pbs.twimg.co...jpg&name=medium

the miners are a mine field no doubt.in my experience in the 70s bull and the bull from 99to 11 the miners can be quite rewarding. i had 2 steeds on friday giving me big gains on the day. one of them is up 5x for me. so quite promising. the thing to keep in mind , is the public is yet to enter this space when they do , the door will not be wide enough. miners will take off. and little brother silver will be on steroids . it is one of the most undervalued assets on the planet. 

folks here seem to get lost in the charts and dont step back to see the big picture. this expression came into being because it is the nature of bull market"dont mistake genius for a bull market" 

dharma

i spent the last several days starting to build a big position in a miner that i became very impressed w/ it is in what i think is a safe jurisdiction.  i dont think that i am done there.. 

Silver may decide things in the next few hours...time to [bleeeep] or get off the pot on hourly chart.

Starting to look like Silver may have finally built some higher level support....now we need to see some green hourly candles out of here....

Back below 17.95 on Sep SI would likely mean bulls don't have the juice to breakout of the wedgie upside.

Above 18.25, and bulls could start to overrun the bear positions...

Should not have to wait a whole lot longer now to find out who really wants the ball.

PL coming into important decision point....

IF it can bust above the 200 hour 200 MA, and get it to start kinking upwards, then it will MUCH more likely that we will see a full recovery on 4 hour and daily charts.

Failure at the 200, and subsequent drop below the 900 would be very no bueno...

KWave, can you tell the expiration dates of these futures charts? Is this Sep gold?

https://finviz.com/f...x?t=METALS&p=h1

and this one, the "Commodities" panel

https://www.investing.com/indices/

The spot values on kitco site, they are confusing how to read these three sets together.

 https://www.kitco.com/

SLV taking a full windup......

IF it does not break out in the next few hours, probably by tomorrow at the latest, and instead takes out the 200, very likely it will go all the way back down to test 15.50....

KWave, can you tell the expiration dates of these futures charts? Is this Sep gold?

https://finviz.com/f...x?t=METALS&p=h1

 

and this one, the "Commodities" panel

https://www.investing.com/indices/

 

The spot values on kitco site, they are confusing how to read these three sets together.

 https://www.kitco.com/

Gold runs on Aug cycle

That is Aug Gold

just pull up a chart of GLD if you want to avoid the futures issues.

Edited by K Wave, 29 June 2020 - 10:34 AM.

SLV taking a full windup......

 

IF it does not break out in the next few hours, probably by tomorrow at the latest, and instead takes out the 200, very likely it will go all the way back down to test 15.50....

 

 

 

that's a nice chart. hourly 200 served as a good support since early april

ok lets talk silver dsi =87. i like to step back  , lets step back 50 yrs https://soundcloud.c...y-wrap-up-62620   how about that cup and handle being formed on the silver chart.  so kwaves attention on silver is justified , this offers handsome rewards.  in the short term we have this cup being formed https://pbs.twimg.co...pg&name=900x900

this is going to be a big winner , your guess is as good as mine , i cant say when

i am no expert on the cots. its why i usually dont talk about them. on other boards i frequent there are guys who are expert. 

so tomorrow is the end of the quarter  the banksters, the commercials have a huge short position in gold, maybe their largest ever, so 

i suspect they keep the price capped the next 2 days so their quarterly and monthly balances look reasonable.

 i have one stock +50+% today  and several other steeds +10+% folks are catching on . the fed is trapped , they will continue to print.

some time down the road this will be the only game in town.   

i posted this before and gannman was the only one who was interested. eric sprott is astute and one of the largest investors in the 

sector. every friday he posts a podcast . if you want ideas on stocks and what he is doing w/his money. then its worth having a listen

https://soundcloud.c...y-wrap-up-62620  

now on one podcast some months back he said he was buying balmoral i bought it after listening @.1 it went to .5and change and it merged w/wallbridge which i still own.  so it can be worth your time

dharma

Platinum is rising hard, good sign for Au and Ag soon?