Goldtent TA Paradise

Constructive Action in Gold & Silver Stocks

1. Alfa8 says:

   November 4, 2019 - 5:21 pm at 5:21 pm

   The juniors’ outperformance is certainly encouraging.

   It looks to me that a stealth new wave higher in gold and silver miners began Oct 15/16.

   Wasn’t it you, Jordan, who once said ‘They don’t ring a bell at the bottom’?

   • TheDailyGold says:

     November 4, 2019 - 6:04 pm at 6:04 pm

     Someone else probaby said that, but it sounds good!

     • Alfa8 says:

       November 14, 2019 - 9:22 am at 9:22 am

       I found that the original source for ‘They Don’t Ring a Bell at the Bottom’ was the headline of an ad run by Merrill Lynch late in the great bear market of 1973–74.

       I’ve heard others use it more recently, and yes, it does sound good!

2. Karl says:

   November 4, 2019 - 6:33 pm at 6:33 pm

   Thank you. As usual your analyses are interesting, thoughtful, and useful.

   A comment–more about me than your comments, which as I note, seem correct, whereas my comment probably just expresses idiosyncratic reactions.

   Although for decades I have previously almost always been ready to argue for imminently higher prices in precious metals stocks, I don’t feel it now. There’s something about the situation that keeps me a little skeptical still. It may be the appearance of some of the charts of some of the ones that I have been hoping to buy. They just aren’t there yet–on the verge, but not quite yet. I don’t know what it is, but I still feel a bit spooked, as though prices still may need to go lower before the market resumes its upward move. I still own lots of the stuff, despite having sold a lot in the past several months (even buying a little recently). But something still doesn’t feel right. Maybe it’s something I ate.

   • red label says:

     November 4, 2019 - 11:26 pm at 11:26 pm

     I get the same aura regarding most of the PM miners Karl. Very few are making impressive profits even at $1500US Au and then there are the jurisdiction issues. Jurisdiction issues to me imo are more of a concern than the DXY and the Spot price at the moment fwiw. I did grab what I hope to be bargains last week in the AG space time will tell? Unloaded my Pa miners two weeks ago and I unleashed my skepticism today with Cu miners because they were deep in the Green and imo Q3 results weren’t impressive imo short squeeze maybe. Will re-evaluate tomorrow? Maybe I’m still spooked from Halloween……Booo

     • red label says:

       November 5, 2019 - 12:44 am at 12:44 am

       Note: the DXY looked bullish off the bottom rail of it’s recent channel another reason to unload my Cu miners….. shall see if Trump tweets with me or against me. But Green is Green and it looked like a short squeeze? I trade short term fwiw ie daily….

3. pedro_deleon says:

   November 5, 2019 - 9:53 am at 9:53 am

   Sorry, no. Still looking for GDX 24-25 ahead of the turn. PM mkt is doing its best to keep bulls engaged in hope though. As an aside, that low could correspond to local SPX top.