Goldtent TA Paradise

Hate to be a Debbie Downer

1. Northstar says:

   July 19, 2019 - 5:47 pm at 5:47 pm

   Thanks Jim. I’m not sure there’s too much to worry about (see my post above), but it’s not an indicator I’m especially familiar with. When you zoom out to see how it behaved at the start of the massive bull run 20 or so years ago, it appears we can expect it to become much more ‘stretched’. That just seems to be how it works. Makes sense I suppose, if you have large upside moves in a bullish breakout. I’m certain there will be sizeable consolidations and pullbacks on the way though.

2. Jim says:

   July 19, 2019 - 8:06 pm at 8:06 pm

   Thanks for the comment NS. Nasty RSI divergence in my opinion. Hopefully price blows through it. But IMHO it doesn’t look good.

   Jim

   • Fullgoldcrown says:

     July 19, 2019 - 10:06 pm at 10:06 pm

     You are experienced with this Jim

     2016….same kind of thing….The Miners went nuckin futz….for 7 months !

     Then Splat and into a coma for 3.5 years

     We are only 6 weeks here

     Pollyanna

3. Northstar says:

   July 20, 2019 - 3:52 am at 3:52 am

   Once this bull really gets going, there are a variety of indicators that will give us a clue when to bail, along with cycle timing. Your chart above may indicate a short term pullback is coming. That’s healthy as long as $1300 holds.