Loading ...Custer’s last Chart
GDX et all are still holding up better than expected here
This is the chart to watch IMO
PS…re Gold Cult and Gold Pumpers…
Yes they are out there by the dozens… and yes they are seductive and… yes they are creeps..and yes they don’t give a SHIT about you or you families .
but…that’s WHY we are here
https://goldtadise.com/?p=338520
Nobody who comes to the tent can claim they were hoodwinked by some nefarious gold sharlatan.
TAKE RESPONSIBILITY …or…go home …we don’t need to hear your whining.
We are honest sincere 2 way chartists here …each with our own unique perspective…some bullish , some bearish and some saying they just don’t know right now
If you followed the bullish case..fine …it has merit…but if you lose money….that’s on you.
You saw BOTH sides of the story and will continue to do so !
Its NOT over…it never is over…the market will continue with or with out you.
Fully
Time to hold your nerve. Or panic.
Panic will set the next bottom – hasn’t happened yet, IMHO
I’m almost flat but taking occasional paper cuts trying to catch a bounce. Maybe next week. A turn is coming for at least a bounce. Sentiment getting us there. Almost!
The market takes no prisoners. Soon prisoners will break out unshackled but till then there is no humble pie nor a drop of rain to quench our thirst. We gonna have to live on our body reserve just like ? camels or ? bears do.
i have seen ew,algos, this system and that..bradley etc etc and i come back to one thing..ignoring “simple” chartology is hazardous to ones accounts.
and nothing in the charts is indicative of a bounce that i can see.
gold-bugism seems to be a chronic condition with sympthoms of high fever and fervour
i am here because this is as close as i ever got to finding an unbiased and objective
group of people in the world of gold investors-traders.
any body that has insisted to remain gold bullish of late need to take a good hard look at his biases convictions and market sense.
every sunken ship has a room full of charts
Best comment yet Electrum
cheers
Electrum, I think that depends on how you define being bullish. If you believe that gold and the miners will rocket on Monday then that is just delusional, but if you believe we are at the start of a long term bull market that might not move again until 2018, but you want to maintain some core holdings in good juniors and explorers until that day comes, then that is not being biased as otherwise why visit this site?
We may not be there yet more pessimism and panic maybe required. Bonce at the end of July then pullback and then off we go.
Okay that was bounce 🙂
Mkt closed with GDX issuing gap down alert for Monday:
60m macd failed to cross
30m now OB …..