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Post by huh on Apr 16, 2016 10:13:23 GMT -5
GDX See the H&S in the red circle? I think that'll be the first part of a top (either LS of a larger H&S or the first of a Double-Top) to end this entire blow-off top above the crop circles.
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Gold
Apr 21, 2016 7:59:04 GMT -5
Post by huh on Apr 21, 2016 7:59:04 GMT -5
Wow... DUST is down to 2 bucks!?!?! Very tempting... GL I'm waiting/hoping for DUST down to at least 1.40's (look at the bearish pattern & target on its weekly) I said 1.40's above, but that downside target in DUST actually sits ~1.50/1.51 ...(DUST long term downside is 1.50's)
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Gold
Apr 21, 2016 8:51:11 GMT -5
huh likes this
Post by novie08 on Apr 21, 2016 8:51:11 GMT -5
Just to be clear, Platinum and Palladium doing well and are among the tangible assets recommended by Armstrong. Maybe real estate although limited by property tax increases coming. Of course, anything you make on physical gold is taxed at 35%...the miners provide leverage and ord. capital gains along with the risk. Palladium +3% so far...ETF is PALL, but it runs behind the physical price.
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Gold
Apr 22, 2016 13:07:06 GMT -5
Post by jacksrbtr on Apr 22, 2016 13:07:06 GMT -5
Gold now down >1.5% Yellen must be Yellen somewhere.
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Post by novie08 on Apr 28, 2016 11:58:42 GMT -5
Sad to say, it's looking like a blow off top in silver/gold. Hope I'm WRONG! Yep, pretty much. Oh, the hindsight thing.
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Gold
Apr 28, 2016 13:04:54 GMT -5
Post by novie08 on Apr 28, 2016 13:04:54 GMT -5
Another to watch: GPL.. will accumulate on pullbacks...look at chart. Currently + over 500% since low in July. Whatcha think guys?
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Post by jacksrbtr on Apr 28, 2016 13:34:06 GMT -5
Another to watch: GPL.. will accumulate on pullbacks...look at chart. Currently + over 500% since low in July. Whatcha think guys? They are actually PRODUCING which is A LOT more I can say about another miner I know!!!
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Post by jacksrbtr on Apr 28, 2016 15:17:42 GMT -5
Sad to say, it's looking like a blow off top in silver/gold. Hope I'm WRONG! Blow-off Top with just a 1 1/2% rise? Isn't that just chicken feed?
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Post by huh on Apr 29, 2016 7:07:03 GMT -5
Sad to say, it's looking like a blow off top in silver/gold. Hope I'm WRONG! Blow-off Top with just a 1 1/2% rise? Isn't that just chicken feed? I agree. Bullish patterns show us upside targets, failed bearish patterns and the FIB extensions show us the upside squeeze targets, but blow-off tops can exceed both. That being said, time to close my gold long related calls today. Hopefully gold can blow-off to ~1318 yet, but risky trying to play long for it: Gold hitting those 1280's again as predicted DUST hitting 1.50's in pre for another ~+25% GDX longer term target (alien crop circles) from 19.97. Should be able to close this for at least ~24.70 today for +24% Gold forming a double-bottom to get it back to the highs (1280's) - exact same double bottom pattern $ES_F and $CL_F made in Jan-Feb. I'm still hoping to see gold 1316-1320. I'm waiting/hoping for DUST down to at least 1.40's (look at the bearish pattern & target on its weekly) I said 1.40's above, but that downside target in DUST actually sits ~1.50/1.51 ...(DUST long term downside is 1.50's) Yep, crop circles. GDX trading in that last blue circle already in pre-market. That confirms it, extra-terrestrial aliens are in control. Gold, aliens, conspiracies. Sounds like a sci-fi story I'm writing. lol Not surprisingly, gold's chart showing the same pattern - a complex H&S. I do hope that, like so many other H&S' out there, both of these will squeeze for a higher high before completing.And one week later, GDX closed 2 cents higher than the previous high. I do think it'll go into blow-off top mode now and hopefully the rest of the market follows. Keep in mind that pm miners were one of the worst performing sectors during this bull market, but are now the best performing sector YTD, by far. In fact, I think you could make a good argument that they are holding up the entire market. Silver miners up 80% YTD, and gold miners 75%. But get this, precious metal ETFs are only up 25% this year. Go figure. Besides precious metals, steel producers are up quite a bit, 29% YTD. Again, one of the worst performing sectors of this bull market. So besides the under performing sectors of the last few years, what other sector is doing well? The next best performing sector this year is Utilities, with a 23% YTD gain. Yep, sounds like a very healthy market - this is perhaps the exact underlying fundamental performance you'd expect of a textbook top. Herceg this should bring joy to your ears. lol
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Gold
Apr 29, 2016 8:35:29 GMT -5
Post by novie08 on Apr 29, 2016 8:35:29 GMT -5
How much lower will the dollar go?
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Post by dino on Apr 29, 2016 9:09:14 GMT -5
Got me some DUST 1.47. Look at the weekly chart. Huge volume the past 12 weeks. Way oversold. Might be a good candidate to buy the dips, sell the rips. Wash. Rinse. Repeat.
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Post by jacksrbtr on Apr 29, 2016 9:33:09 GMT -5
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Post by jacksrbtr on Apr 29, 2016 9:41:31 GMT -5
Novi - Let us pray for a Continental forming a Cup & Handle, eh? Bwahahahaha!
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Post by huh on Apr 29, 2016 9:44:15 GMT -5
Novi - Let us pray for a Continental forming a Cup & Handle, eh? Bwahahahaha! I'd be very, very careful of CNL.TO until >2.81 as I think it could now go on to make new lows now (<1.28) If gold goes on >1300, and CNL.TO doesn't make new highs, RUN AWAY!
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Gold
Apr 29, 2016 9:53:05 GMT -5
huh likes this
Post by jacksrbtr on Apr 29, 2016 9:53:05 GMT -5
Novi - Let us pray for a Continental forming a Cup & Handle, eh? Bwahahahaha! I'd be very, very careful of CNL.TO until >2.81 as I think it could now go on to make new lows now (<1.28) Good! A friend of mine wants to add another 200-300K shrs to his position that would be around $1.02 USD. Thanks
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Post by huh on Apr 29, 2016 9:58:41 GMT -5
I'd be very, very careful of CNL.TO until >2.81 as I think it could now go on to make new lows now (<1.28) Good! A friend of mine wants to add another 200-300K shrs to his position that would be around $1.02 USD. Thanks Like beauty is in the eye of the beholder, in investing opportunity is defined by the span of your time frame
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Gold
Apr 29, 2016 9:58:43 GMT -5
Post by jacksrbtr on Apr 29, 2016 9:58:43 GMT -5
Novi - Let us pray for a Continental forming a Cup & Handle, eh? Bwahahahaha! I'd be very, very careful of CNL.TO until >2.81 as I think it could now go on to make new lows now (<1.28) If gold goes on >1300, and CNL.TO doesn't make new highs, RUN AWAY! CNL's not gonna make anything near new highs until it goes into production in 2019 imho.
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Post by huh on Apr 29, 2016 10:27:11 GMT -5
Seeing intraday DUST target for 1.34 now
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Gold
Apr 29, 2016 13:32:34 GMT -5
Post by birthmark on Apr 29, 2016 13:32:34 GMT -5
Grabbed a little DUST here at 1.37. GL
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Gold
Apr 29, 2016 14:41:05 GMT -5
Post by dino on Apr 29, 2016 14:41:05 GMT -5
Got me some DUST 1.47. Look at the weekly chart. Huge volume the past 12 weeks. Way oversold. Might be a good candidate to buy the dips, sell the rips. Wash. Rinse. Repeat. Getting me booty spanked! Added 1.35
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