Loading ...Day Four
This might be day four of our next leg of the gold bull for the miners. If you will go back and check out the ratio chart I first posted, the ratio has pulled back to the fifty and we are now at Jan 01 2002
again. This is when the gold stocks double over four months. Hoping the fractal holds. 
Yes. Jordan also posted a small vieldo on this yesterday. Pull back for ratio could be complete.. now miners to out perform once again.
and we have beautiful gaps!
https://stockcharts.com/h-sc/ui?s=$GOLD:$INDU&p=W&yr=20&mn=0&dy=0&id=p43035222178&a=674393028&listNum=1
As said this ratio only gives buy signals every 20 to 40 years.
Stop it Noman! I’m getting goose bumps!
On the other hand quoted gold and silver prices are up and it’s FOMC day. To me that means people with extra cash are likely to be able to buy PM stocks more cheaply late this afternoon or tomorrow a.m., possibly far more cheaply. Then stuff resumes back up. I am not sure whether I am joking.
This is probably an impossible dream here but when the Fed makes their announcement this afternoon, I am hoping to hear them say they have special tools to address their inflation targets. Code for buying you know what.
True to form, the mining ETF’s are sitting right where they can break down or break up! Dualing H&S Patterns on SILJ (4 hour bear H&S, but on the smaller timeframes an inverse H&S forming) 😉
Yes. Which slide will it take? Time to look on higher time frame for guidance!
Yes, GDX still with that daily H&S annoying me.
Feels like we need a panic wash out bottom/bear trap break down then reversal. Since this is the PM market, they need to kick us in then nuts continually
Great points, Silverhawk !
Could also happen, that when we are all bracing for a kick in the nuts, the market just takes up, up and away?
Stewart Thomson, who posts weekly on 321gold.com talked about the strength he observed in SIL and SILJ … very little correction in those tickers as compared to GDX and GDXJ
321gold.com is down right now, I can add the link when it comes back up.
GL
Here’s the article I was referring to:
http://www.321gold.com/editorials/thomson_s/thomson_s_060920.html
GL
I used to read that guy back during the 08-2011 run. Always liked him, thanks!
We have been getting kicked in the nuts for decades.
Heh, I’m waiting for the stopped clock to be right again, maybe we’re close.
FWIW, I found this site’s interactive chart to be quite useful in gold/silver and miner price relationship specifically in the phase 1 and phase 2 run-ups (I’ve been correlating ’70-’73 to 2001-2011 and 76-79 to 2016-???) mostly from a persistence-of-memory perspective.
https://www.longtermtrends.net/mining-stocks-vs-gold-and-silver/
Day Four Lives!!
the PM party is on Garth!
all we need is for Robin Hood traders to discover the PM sector
many nervous PM bulls still sitting back watching the train leave the station… bye bye …. bye bye
Yeah. Walls of worries are good. The intra action was violent when silver passed from.negative to positive. Clear message… with follow through.
Yes! If we can only get those RH traders to stop trading bankrupt stocks and buy into our space oh my!
Who started the party without me?! I just got home, damn!