Goldtent TA Paradise

It Looks Like The Miners Are Leaving The Launchpad

1. Atomic says:

   October 31, 2019 - 1:19 pm at 1:19 pm

   HUI bounced off of 216.5 MAYBE NFP will be the catalyst to push through $1,515 AU we shall see…?

   • North says:

     October 31, 2019 - 1:48 pm at 1:48 pm

     Thanks, Northstar. It certainly does look like this is the launch pad. I am seeing these same breakouts with various stocks and ETFs here. Watching it carefully.

2. Patrick says:

   October 31, 2019 - 2:18 pm at 2:18 pm

   And rightly so. I beleive the pullback is done. In a strong bull run.. you dont always need or want a pullback too close to the 12 month moving average..

3. Patrick says:

   October 31, 2019 - 2:21 pm at 2:21 pm

   Major macro theme for me is simple.. fed wants more inflation.. so interest rates must be behind that curve… thats all the vitamins a growing PM bull run needs!

4. Fullgoldcrown says:

   October 31, 2019 - 2:52 pm at 2:52 pm

   All hands on deck.

   Agree looks good with some exceptions

   RGLD PVG

5. Karl says:

   October 31, 2019 - 5:25 pm at 5:25 pm

   (I will now be argumentative. However I’ll be arguing mainly against myself. Although I am slightly less long the PM stocks than usual, and proportionally less invested in the dicier ones, I am almost loaded to the gills in them still. I nearly bought more today and am likely to keep buying.)

   My, how fast moods change. It was all pessimism into last summer. Then it was to the moon or even outer space. Then deep deep pullbacks were necessary, ones possibly lasting well into 2020. That the prices would go up soon was ‘contrarian.’ Now the sun is out and it’s one of those really warm April moments that means that for practical purposes the heat waves of summer are just about here.

   Sometimes there is obsessive commentary about gaps to be filled. At times like this, this sort of thought is unwarranted, out of place.

   • Karl says:

     October 31, 2019 - 5:30 pm at 5:30 pm

     I remain far more unsure of the probabilities than I usual. I have little idea of what happens next other than that the longer term trends of PMs and their stocks remain even if prices surprise me/us by going down much more here than I/we feel likely.