Loading ...Don’t be complacent that the dips and buying opportunities will always be there!
“The markets were shredding both the Administration and FED narratives and so this jobs report provides a perfect excuse for the criminals at the Comex to cover whatever short contracts they have added in this mostly higher week for gold and silver. Given the dollar’s oversold condition it was expected there would be a bounce there as well. Don’t expect it to last more than a few days at most. For gold and silver just another opportunity to Buy the dip!” That was the second half of my post on Friday. This few days of dip are just about over. Finish buying before the next leg higher. Look at the charts of gold, silver and the miners. The rally was sharp, fast and large. The dip is slower, at a shallower angle, more muted and on less volume. The next leg higher will be explosive in the case of silver and also for most of the miners. Gold, because of more significant resistance may not be as sharp and fast at first, but will kick in by year end as well. Don’t be complacent that the dips and buying opportunities will always be there. At some point soon, Silver is going to go NO ask, you won’t be able to get any. Gold may follow when the two criminal exchanges collapse.
fuel to the fire for gold ,
A third Russian airfield was ablaze on Tuesday from a drone strike, a day after Ukraine demonstrated an apparent new ability to penetrate hundreds of kilometres deep into Russian air space with attacks on two Russian air bases.
PM complex has been LESS reactive to the Risk Off move that’s been afoot the last few days, so far. (Part of the reason I’ve been tentative.)
But RIGHT NOW (Tues midday) I have a GDX trend reversal sell signal.
That’s the first such signal for me since mid April.
Key IT support sits right below at 28.50.
Do we bounce or not?
Meant 28.75.
Now a GDXD buy signal also.
So are you buying inverse PM and SM leveraged etfs now pedro ?
Pilot positions are in place, yes.
Not fully loaded here, just yet.
PS — under normal circumstances, I would never see your question.
And that applies to other comments down in prior threads (if I never responded). I don’t know they are there and don’t usually see them if anything more has been posted, in response to ME.
Which is why I like the feature on another forum, where ANY comment automatically returns a post to the very top, to note the addition and to keep the conversation going. It will still drop off after no one comments further. As it stands, unless you are the author of a post, no one is notified directed to authors of internal comments.
While they often move together, golds best long term moves occur in stock market bears. So while I agree the stock market rally has run it’s course for 2022 and the next leg of the stock market bear has begun, that will only affect gold and silver in the very short term. They decouple and the metals go onward and up.