Loading ...GLD:SLV Update
We are on a roll !
Collectively this Community of Chart Loving Goldophiles have nailed this thing.
From Plunger to Rambus to Spock to Surf City …as well as the gang here at the Tent featuring Northstar and Friends and of course Jordan Roy Byrne the COT Slayer !
Now….Because it’s not often you get instant manifestation / gratification in this game we play
I am taking the liberty……….Here is ONE !
24 hours ago I posted this chart on the left…..This chart on the right is Today’s
So there it is ! Instant Gratification ! In the form of that tinsy weensy little dot printed today. 🙂
Next up is the first fib and previous top where we will get a bounce in favor of Gold before eventually breaking thru towards the next support
Note the confidence in the above projection 🙂
Goldtent is great but there is much more insight to be had at our sponsor sites.
And now that you are all getting rich from this rich TA you have’t got the excuse that you can’t afford them .
Just sayin.
🙂
For the new readers here. …Thanks for checking in ….The word is getting out….Goldtent is the anti permabull Gold site.
Honest 2 way analysis…No Permabulls here ! see the Mission on the top of the sidebar.
We suffered through the brutal correction circa 2011 to 2018. 7 years in the wilderness.
But we hung together….didn’t loose collectively too much precious capital thanks to Rambus and All…..and now we are feeling pretty good ! 🙂
Personally learning to chart has been one of the most rewarding experiences !
It is ever fascinating and greatly increases our understanding of the markets so we can actually be amongst the few who make money playing “the most difficult game on the planet”
One guy we take for granted is this guy….Stockcharts ( and others) is an amazing toolbox of neverending real time information…Here is what it’s founder has to say about Technical Analysis.
The illusion of randomness gradually disappears as the skill in chart reading improves.”
~ John Murphy
Thank you John …it certainly does.
………………….
Oh…for those new to gold markets …this chart is the ratio chart for the Gold ETF divided by the Silver ETF
A real rip roaring gold rally can only occur when Silver is moving faster than Gold.
So we have all here been watching this ratio waiting for TODAY !
Shout out to Sir Bikoo99 who started to bring this ratio to the table a long while ago,
Onward
FGC
ADDED…I JUST PUT A CYCLE TOOL ON THE CHART …LOOK AT THIS…MAYBE A LITTLE FURTHER TO GO THEN THE BOUNCE
OH Thanks Sir Fully. We all try our best and bring out best of us for benefit this community.
Now as gold and silver gets more attention in financial media more new bees will be peaking in here to learn. This site is well suited for them. Great service for traders/investors.
I just hope GSR moves down sloooowly not tooo fast. Otherwise it will kill the market.
We are together for many years to come. Enjoy. With my first cup of tea in the morning first I look in is this site. LOL
May be togather with Spockg members we all put in bid to buy Greenland and beat USA.
I have a very long way to go before the term rich can be applied to my meager holdings. Percentage-wise, I’m going great guns. Dollar-wise, I’m distraught from the wipeout from my Spock rocks – ergo I doubt I’ll ever allocate funds to his pocket in the near or distant future. The power at this sight is plenty strong; and the Rambus subscription alone is a serious hit for this old man. I’m happy with the way things are going, but it will be years before I even get close to where I was in 2016. Assuming this is all for real, of course.
Silverboom I love ya man but woooah
You put ALL your dough in the Rocks in 2016 ?
I AM SURE YOU FELT LIKE YOU DIED AND WENT TO HEAVEN FOR A FEW MONTHS …BUT
That sector is NOT for ALL your capital …at your age….THAT IS ON YOU MY FRIEND…NOT ON SPOCK.
I WAS ALSO ALL IN FOR A WHILE BUT MY TIME HORIZON WAS DIFFERENT FROM SPOCK.
HE ALWAYS SAID HE WAS IN FOR HOWEVER LONG IT TAKES
ME ? I RODE THESE THINGS UP TO THE MOON AND BACK …AND CRASHED…. 3 TIMES OVER THE YEARS
SO…I BAILED ABOUT 30% FROM THE TOP WHEN THE CHARTOLOGY OF THE SECTOR OBVIOUSLY BROKE DOWN.
THOSE THAT OVERSTAYED…GOT A LESSON
I SEE YOU TOOK THE LESSON AND ARE NOW PLAYING SOME MORE SENSIBLE STOCKS
I SAY THERE IS ROOM FOR BOTH…BUT MICRO MINERS SHOULD NOT BE 100% OR EVEN 50% OF A PERSONS PORTFOLIO…ESPECIALLY IF YOU ARE A SENIOR CITIZEN
IT’S GAMBLING PURE AND SIMPLE
CHEERS
FULLY ( I AM NOT YELLING AT YOU MY CAPS ARE STUCK ON)
Great charts Fully
7 years in the trenches!!!
Now we have to win this gold war…I still can’t believe that we left the bear market…..let’s hope it’s for real!
Thank you Fully and everybody here at Goldtent!
Well said, Sir Fully.
I’ll be looking to renew my Rambus subscription soon as well. Really busy with family business until mid September or so.
http://schrts.co/KQFsYAXn
http://schrts.co/rDutMiNF
Looks like we will now moVe through the triangle apex on the 2nd chart and through the S/R zone in the 1st chart.
Great work by everyone on here. For anyone who hasn’t tried posting a chart and (like me a few years ago) feels a bit nervous – just try it. The more eyes we have on this, the better. If there’s anything about the chart that doesn’t look right, I for one, certainly won’t bite your head off. It’s all a learning process, and very much worth the effort. Everyone can bring a different perspective to this.
“brutal correction circa 2011 to 2018. 7 years in the wilderness” “Everyone can bring a different perspective ”
A different perspective here: 5 years, to 2016, not 7 years to 2108. Things haven’t been so so so bad early 2016 onwards. 2016, early, was the bottom. Certain unfortunate timings from 2016 until very recently might have caused losses, but they needn’t have.
I made boneheaded moves and had some massive, disgraceful, miserable losses from the peak of 2016 yet maintained net gains from early 2016 even into last summer being long. Looking at individual companies’ charts and fundamentals helped. If only I had selectively monitored the individual stocks myself more starting around 2017 rather than relying too much on a certain subscription service it would have been even better. But there was a small net gain 2016 into last summer. From last summer until the start of the current dramatic rise it was pretty nice in its quiet way. Last year several tiny companies charts and fundamentals started looking decent, and I took advantage of the situation to the extent that I had cash. And as for the entire period in general, and all the gloom that was laid down about the general market and the clamor about having to jump out of market to avoid the temporary declines: => KL, WDO.to, which I have held for the longest time since they were relative unknowns, (as well as others). In view of the long-long-long term rise since the beginning of the century gives a certain different perspective to the 2016- onwards years. There was already an overall upwards bias.
So a different perspective.