Goldtent TA Paradise

Gold puke next week?

1. Todamoon says:

   May 17, 2019 - 4:04 pm at 4:04 pm

   My thoughts as well – I think people are assuming a big move up and are biased with their cycle work and every changing diagrams – a big drop coming

   • Schism says:

     May 17, 2019 - 4:17 pm at 4:17 pm

     My timing showed a Feb 19th high…don’t think we see a low until Oct 11th or 14th. But we should hit a temp bottom in the next 10 days or so and begin a half way pattern build out. They had a nice little end of day ramp in gdx to fill this gap to get people fired up. https://www.tradingview.com/x/M6BbA50s/

     I have been expecting people to start trying to redraw in order to create a bullish scenario. But hey nothing confirmed yet…I’ve placed my bets and now I wait. Cheers

     • Todamoon says:

       May 17, 2019 - 5:24 pm at 5:24 pm

       Schism it’s funny – people can’t imagine 8 dollar silver or 800 gold – just like how people couldn’t “expect 25 dollar silver and they would “back up the truck if they had 25 dollar silver” when it was at 50 dollars in 2011. Lol

       • Schism says:

         May 17, 2019 - 11:20 pm at 11:20 pm

         Agree, there’s still a lot of arrogance in the gold market….just like bitcoin. There’s a time to be bullish and a time not to be involved. I think silver is headed to a 8 or 9 handle eventually. Hoping for a big rally from oct until 2020, that would set up the final decline into 2023-26 as SPX heads to 5500.

2. Northstar says:

   May 17, 2019 - 4:06 pm at 4:06 pm

   That would be fun. GSR to 100, HUI to 100, DXY to 120 and SPX to infinity.

   • Schism says:

     May 17, 2019 - 4:22 pm at 4:22 pm

     That’s kind of what i’ve been saying. Charts are subjective though and we all see things differently. I believe the dollar cycle has inverted and will temp top in Oct. Lets see how it shakes out.

   • Todamoon says:

     May 17, 2019 - 5:21 pm at 5:21 pm

     Why not – in 1980 gold went from 800 to 200 – the debt level got bigger and bigger and bigger – stocks went up and up – imagine being stuck on the wrong side of a trade forever while it went down and everything else went up … its possible – people worship gold and have this belief it’s manipulated etc and should be worth more than it is now – I always tell people price is reality – you can’t eat gold or sleep with it – better to buy a house and be happy

     • Fullgoldcrown says:

       May 17, 2019 - 10:50 pm at 10:50 pm

       Welcome to the dark side ToTheMoon

       I know you have been around the tent since the beginning ..around 2006

       Looong time now 🙂

       From your handle we can see you were with me and the others back in the day.

       We were sure Gold would go to the Moon

       Anyhow…..most cannot see both sides.

       Gold is a very emotional market

       I still believe some day it will take off again.

       But just NOT right this red hot minute

       cheers

       🙂

       • Todamoon says:

         May 18, 2019 - 7:51 am at 7:51 am

         Fully I did welll I was in gold from 2005- been through the 2008 crash and mustered it out – I got out in 2011 and let me tell you every f-in promoter from KWN , the “gurus” all got it wrong – every crash was considered the final washout phase . I recall when Sinclair came to Toronto for a conference and I could smell the fear in the room ( this was when we crashed to 14500) . Sinclair was telling everyone that was the bottom and I knew it was BS – how so ? The conference was still packed ?. I also knew all the talk of shortages in silver and gold was BS . Sprott engineered that roomer – but when someone asked King world news about it – his response “ not sure if there are shortages but I’m sure there are refinery issues “ .the whole market has put a bad taste in my moth and I knew it would be ages till silver and gold recovered –

         It’s funny – the manipulation crowd is out because their cycles are not turning as they expected . You have to blame someone when your calls don’t work lol

3. Jim says:

   May 17, 2019 - 7:08 pm at 7:08 pm

   Wow…I like the negative sentiment!!