Goldtent TA Paradise

GAPS

1. Plunger says:

   April 10, 2023 - 11:05 am at 11:05 am

   I will painfully point out that there is one way down there (and it’s a big one) at 23 from November 2022

2. Chartsmaster says:

   April 10, 2023 - 11:14 am at 11:14 am

   While you are wise to point out the existence of gaps I have mentioned a few times they are much more important for individual stocks. ETF’s with many components don’t have to fill their gaps and they can do so by one or two components having sharp declines while the majority continue higher.

   • Plunger says:

     April 10, 2023 - 11:21 am at 11:21 am

     I totally agree with you. The ETF’s often reveal gaps so they become less than mandatory to fill depending on liquify of the vehicle. (GDX is pretty liquid) But the individual issues reveal numerous gaps as well. Also the gap fill of last September was relentless in its pursuit in filling that gap, so I am not predisposed to ignoring these large open gaps down at these levels. No I am not saying anything like they will absolutely be filled, but I respect them. We will see how the market trades over the next few weeks and how the PM’s trade relative to the general stock market.

   • Gold Learner says:

     April 10, 2023 - 12:39 pm at 12:39 pm

     I agree, Sirs CM and Plunger.
     Even more so with juniors.

     E.g. KUYAF
     0.1431 on March 15th 2023, to 0.5661 today.

     Sir Plunger,
     I’m holding back adding cash. If such an opportunity (even 10-15% correction is offered, I think it will be a great time to add more).

     GL

3. pedro_deleon says:

   April 10, 2023 - 12:31 pm at 12:31 pm

   I don’t pay much attention to gaps myself, but your TSI is suggesting we may be on the front end of a repeat of last Mar/Apr. Meaning a correction soon, then another marginal new high before another leg down.
   We’re a few weeks if not several months away from that. So sit tight for now.