Official Short-term Investments Thread [Archive] - Page 327 - Beyond.ca - Car Forums

SilverRex

02-28-2018, 01:09 PM

Hive.v

Hive is releasing financial results today (after hours?) this should move it one way or the other. count wise, still waiting for the final drop to 1.5-1.6 for the ideal wave (c) bottom. however if it manages to close above the 50EMA and over lap the prior wave i down say above 1.89, then the prospect of a good bottom should be complete.

https://s14.postimg.org/447cd3tpd/hive_02-28-2018.png

Chandler_Racing

02-28-2018, 02:06 PM

Just speculation on my end but recall they held significant reserves of Ether. The mark to market revaluation should show significant gains (albeit likely unrealized).

Also, in prior periods they impaired their investment / asset in the new facilities. So they should see a significant turn around in profitability on year over year comparisons.

I have a significant order at $1.60 but my guess is it will not fill and could potentially gap up tomorrow if they do release.

SilverRex

03-01-2018, 09:49 AM

Gold

A=C at 1303 has hit. miners are hanging on barely to not break a lower low. this is the first area where gold 'can' bottom. 1287 as the 61% retrace needs to hold or it would look bad technically. for now, could has met the typical ABC, will see if today it can produce a reversal or a bit lower down still

https://s14.postimg.org/tq6zt1ohd/gold_03-01-2018.png

SilverRex

03-01-2018, 11:39 AM

Hive.v

so results are out, while initially share price moved to the upside, it has since given back all of it. Even though it did break above 1.89, but since the drop from 2.24 to 1.69 looks like only 3 waves. we could still be hooked for an ending diagonal move down. unless price takes out 2.05 which is the high for today.

https://s14.postimg.org/b0sshexa9/hive_03-01-2018.png

Disoblige

03-01-2018, 02:07 PM

Nice gold bounce.

Vanish3d

03-02-2018, 08:15 AM

come on natgas !! it keeps dropping then bouncing close to the 2.7 range. Hopefully if it can close about it it can keep going to the 3+

SilverRex

03-02-2018, 09:45 AM

gdxj

when gold hit 1303 which was a A=C, I took another shot a jnug. and so far it does appear it was a false breakdown and trying to breakout to the other side. Gold is in a similar situation, until it breaks out from this multi week down line, anything can still happen. can still technically be counted as a 1-2 so either we have one more higher high still if not a true breakout

https://s14.postimg.org/3mi5x10kx/gdxj_03-02-2018.png

SilverRex

03-02-2018, 11:02 AM

watching hive closely. we either just saw a major bottom or one more lower low and that should be it imo

s_havinga

03-02-2018, 11:40 AM

SilverRex

03-05-2018, 10:06 AM

Silver

"Record-High COT Short Position Means Silver Is The Place To Be For Contrarians

Summary

Speculative gold longs cut positions as shorts added to their own positions for the week.

Silver speculators increased their own COT net-short position to the highest on record.

Trade wars are inflationary and bearish for the US Dollar and thus should help precious metals.

Silver should look very appealing for contrarians as it is in record short territory and only needs a little boost to trigger a short squeeze.

We are the most bullish on silver that we have been in over a year."

https://seekingalpha.com/article/4153092-record-high-cot-short-position-means-silver-place-contrarians?app=1&uprof=46&isDirectRoadblock=true

SilverRex

03-05-2018, 12:35 PM

Gold

my current bullish count. 5 up from Mar 1st, follow by an expanded flat ABC, possible one more wave lower. of course if gold breaks 1303, all hell break lose imo. otherwise holding onto this view for the next move being to the upside

https://s14.postimg.org/628jhzbdt/gold_03-05-2018.png

SilverRex

03-06-2018, 09:40 AM

Gold

the expanded ABC running flat turn out good so far. gold wave 3 of 3 in progress. 1325.5 needs to hold to keep this count going

https://s14.postimg.org/51e9t1j9d/gold_03-06-2018.png

SilverRex

03-06-2018, 02:32 PM

Gold

I think gold is working a sub iv of v of III of (I) if all goes well that is. really like to see it take out 1341 this week to bring in more technical buyers.

of course if the US dollar does not roll over here and makes new high again, then this gold rally is nothing but just another ABC move which could trigger a wave 3 down under 1302 (perhaps hitting the 1280-1290 quickly)

so for the time being the support at 1325 is paramount

https://s14.postimg.org/r3mxlws3l/gold_03-06-2018_B.png

SilverRex

03-07-2018, 10:27 AM

Gold

so it was nice that gold completed the sub wave v up. but the drop today has invalidated the immediate bullish setup. we only have 3 waves up in gold. the only bullish scenario left is a 1-2, 1-2 where gold needs to not break below 1317. Once this goes, this is nothing but just a typical ABC.pointing to lower low under 1302. (unless of course it turns into some sort of ending diagonal that would imply that every time it gets close to or breaks below 1302 it would begin another rally.

I have exited my leverage and will watch for the next opportunity/setup

https://s14.postimg.org/l5rydu44h/gold_03-07-2018.png

SilverRex

03-08-2018, 10:51 AM

Natgas

havent touched it for a while, this is the latest count, still waiting for the final wave (C) drop under 2.40, no telling how much this small dead cat bounce will go, seasonality points to some strength in April and it could still find its way to back test 3.00 one last time. Once we hit those low in the low 2s, the real move should be very profitable after wards.

https://s14.postimg.org/l06qoaw4h/natgas_03-08-2018.png

SilverRex

03-09-2018, 09:54 AM

Gold

despite gold looking weak to start the week, it hasnt dropped down like it should. miners is also looking strong considering it actually was in the green when gold was down. I cant help but wonder if the weakness was just a head fake.

with the SM looks like it is breaking out, you have to consider the US dollar should resume heading down and so where does that put gold?

I am going to take another stab at this, entered Jnug using gold's low 1312.7 as my mental stop.

I would say confirmation is in if gold can take out 1341

https://s14.postimg.org/v8hrdij9d/gold_09-2018.png

SilverRex

03-09-2018, 10:09 AM

SPX / Nasdaq

as you can see we have a breakout going on. most per expecting a lower low ABC. I just decided on Feb9 and moved in the last bit of my cash RRSP all into the SM expecting this to be a wave 4 drop and we have wave 5 which will give us a higher high. EWer are targeting SPX at 3200 before the next major correction.

there is also those that believe in the melt up scenario where nasdaq could literally double in 6 months. if this happens I am definitely going start winding down my position in anticipation of a market crash

we will see if this is a real breakout or not. obviously if price closes below the neckline then this is just a wave B top follow by wave C down to come. otherwise if you have huge stake in the SM, fasten your seat belts.

https://s14.postimg.org/5gruaox8h/SM_03-09-2018.png

bjstare

03-09-2018, 10:18 AM

Perhaps a silly question... but whats "SM"?

SilverRex

03-09-2018, 10:19 AM

Perhaps a silly question... but whats "SM"?

stock market

SilverRex

03-10-2018, 09:59 AM

Silver COT

Large Spec turns net-short for the first time since 2003. and it got me thinking. comparing the 2003 situation to now, I think one can argue we have uncanny similarities.

large spec turning to short could be capitulation, or throwing in the towel and usually 'can' be an indication of bottoming.

I guess we will know once a breakout of the blue line occurs - back test then launch. And silver enjoyed a massive bull market run from 2003-2011 from 4.5-50 dollars (10x)

https://s14.postimg.org/vcylk192p/silver_2003_vs_2018.png

bjstare

03-10-2018, 02:11 PM

stock market

Haha figured I was going to get an answer like that.

SilverRex

03-12-2018, 08:55 AM

Gold

well after 5 waves up off 1312 last week and 3 wave down and now a mini 5 waves up. I am sticking to this count. selling some crypto shares and increasing my Jnug holdings here. my count is wrong if gold takes out 1312

https://s14.postimg.org/5dr0kn0vl/gold_0312-2018.png

SilverRex

03-13-2018, 09:08 AM

Weed

on the 5m chart, while it can be just noise and may not translate to higher level trend, I still take this as positive development. after finally breaking out of the heavily tested (9-10 times actually) 30.00 zone. and closing above it multiple days. we had a near perfect back test yesterday. and now it appears to be in a small consolidation pattern, my bet is breakout and up we go

https://s14.postimg.org/soxntlyy9/weed_03-13-2018.png

zhao

03-13-2018, 09:12 AM

Tv releases q4 after hours today so a it's a good risk vs reward scenario today imo. Zinc plummeting 10% last week devalued tv heavily, but its bounced back to trading on almost on parity by this morning(still undervalued a bit). Zinc fell because someone dumped 70k tons of zinc on the lme, but stockpile drawdowns continue to chew through that surplus at 2000-3000 tons a day so likely just a temp blip. Their q4 should be a record quarter for them so tomorrow should be a good day for their stock.

With the shaky market There is the chance nothing happens but a lot of people have been waiting to see what gets released so I'm banking on some decent movement. If it hits 1.6s I'll sell, if it remains 1.4x or 1.5x I'll likely hold.

Hs is starving for news too. Getting lumped in with crypto currency and the shitty market isn't helping but I'm thinking I may double down again this week if things go well with tv. It's PP sell date everyone is terrified of should hit soon so I think after that happens and it isn't the apocalypse people think it is (who buys in to make 3cents?) we might see upward movement again.

SilverRex

03-14-2018, 01:01 PM

US dollar

right now the dollar looks weak. breaking neckline support after support. While I want to see the US dollar begin a wave 3 down to new lows, this rising wedge pattern may still hold some water shall what ever it decides to give it one more push to the upper channel of this wedge. A rising wedge just looks bearish period.

Gold is also in a similar setup amid flipping the chart upside down. Still a remote chance gold can backest with another lower low under 1302 one last time to complete this wedge consolidation which will mean the dollar needs one more thrust back up.

https://s14.postimg.org/sldy7960h/dollar_03-14-2018.png

Magic8Ball

03-15-2018, 04:57 PM

Sure hope we are at the bottom. Between PONY and now HIVE I have been doing way more averaging down in the last few months then I would like. Still have to learn to protect myself from these big drops it seems.

So...I too am in HIVE and am feeling like there is no bottom in sight? Anyone have any insight on where it is headed? Perhaps my read on the latest news is wrong...but it does't seem to look good. There looks to be nearly 49million warrants that are going to be issued at an exercise price of 3.90. My first thought is who in their right mind has any faith left to imagine it hitting that from currents levels...so in turn who is going to have any interest buying them? The company says they are pleased to announce the listing of the shares...does that mean there is some great news coming...or is there going to be a bunch of shares dumped between today (march 15th), April 19th and April 30th. If today is any indication, I suspect there is some more serious downside to come? Am I right?....I am thinking I should sell and short this mess...

Magic8Ball

03-16-2018, 10:31 AM

So...I too am in HIVE and am feeling like there is no bottom in sight? Anyone have any insight on where it is headed? Perhaps my read on the latest news is wrong...but it does't seem to look good. There looks to be nearly 49million warrants that are going to be issued at an exercise price of 3.90. My first thought is who in their right mind has any faith left to imagine it hitting that from currents levels...so in turn who is going to have any interest buying them? The company says they are pleased to announce the listing of the shares...does that mean there is some great news coming...or is there going to be a bunch of shares dumped between today (march 15th), April 19th and April 30th. If today is any indication, I suspect there is some more serious downside to come? Am I right?....I am thinking I should sell and short this mess...

hehe in relation to HIVE...I can't help but think some BOT read that above rant by me yest and is now influencing the markets. Hehe, good. In that case...still should SHORT HIVE. Well, all in all...I hope this type of jump happens several more times in the near future...

s_havinga

03-16-2018, 11:01 AM

15% jump followed by a trading halt for N this morning. I am still way under water with N as well but nice to see a jump like this seems like the lat month has been a continual drop.

SilverRex

03-16-2018, 11:03 AM

ABX

two weeks ago I posted how the entire EW community were all targeting the 11 area being the bottom for ABX. Surely it bounced off 11.07, which in my book has met this objective. it also successfully tested the bottom of the channel. The moment is here, was the under performance in the mining complex mainly waiting for it's darling abx to complete it's painful yet much needed correction? over all the structure looks good here. to ensure we dont see a lower low, abx must take out 12.60, once it achieves this, any drop should only be a higher low.

https://s14.postimg.org/9lkgujkhd/abx_03-16-2018.png

SilverRex

03-16-2018, 12:25 PM

Oil

havent posted a chart on this for a while. ever since it topped just above 66, been expecting this wave (iv) correction. clearly we have 3 down so potentially wave (iv) is completed at 58. we now have a good looking 5 up from 58 and 2 down to 60. My prefer count at this time is that wave iii is about to begin and this next leg up should give is a chance to hit 70 or higher. alt path (shall oil break 60) then correction has not finished, next target box could be anywhere between 54-59.

https://s14.postimg.org/bvd6j1y8h/oil_03-16-2018.png

zhao

03-16-2018, 07:58 PM

HS. I didn't quite double down but I bought another 150k shares today.

Volume has been very good on HS the last couple days and its moved upwards, and held well today.The dip to 8.5 was expected after it moved up 25% yesterday, but it rebounded nicely. Possible bottom in with how its trading, and the PP sell date happened this week so I'm thinking those who already wanted to sell cheap from that have already or will have shortly (kinda what i was speculating earlier this week), and there is a good chance it will trend up again.

Still waiting for that white paper they promised last month... and interested to know what fortune 500 company is going to beta or alpha test their blockchain software, and whats going on with their MJ connections.

SilverRex

03-20-2018, 09:03 AM

Hive

this one definitely overshot my downside target. with BTC count looking to turn up quite soon, i cant imagine this sector wont at least get a good bounce. Even in the extreme bearish case, Hive can still make a good short squeeze counter jump back to the 38% retracement at 2.24, with +divergence for quite some time, I expect a good pop anyways. where we go from there is another story because BTC could either be making new highs this year or it may simply just make a higher high above 11800. Either scenario should help lift this sector out of the Ashe. Again this is my own opinion and I could always be wrong.

https://s17.postimg.org/f94mt40lb/hive_03-20-2018.png

SilverRex

03-21-2018, 08:49 AM

gdxj

fed rate hike day, from experience, miners usually perform strongly on aggressive rate hikes, shortly after they are announced, we will if this time is no different. miners has put putting in higher low (even as gold made a lower one in the same time span) this compression is about to be broken of have already been broken. still holding my jnug with a price of about 13 which I got in most likely prematurely.

https://s17.postimg.org/wqe94om27/gdxj_03-21-2018.png

SilverRex

03-21-2018, 09:17 AM

gold

while gold appears to be trying to breakout Ro4 which is my prefer scenario, there is always the possibility for gold even after testing the 38% follow by the 50% fib retracement level still can drop to the 1285 (61%) level. I see any drop down to that area as an extreme buying opportunity. if the rate hike announcement actually drops gold down to this area, I will probably add to my position.

https://s17.postimg.org/7f9joila7/gold_03-21-2018.png

SilverRex

03-22-2018, 10:22 AM

gdx

after breaking out. I will peg the bottom on Mar20th being the bottom. with 5 waves up. current wave 2 correction underway. It just tagged the 38% dipped into the blue box. so yes it can turn up from here, or reach down the low 21.4s. below the blue box would not look promising.

https://s17.postimg.org/xc8qhe6zj/gdx_03-22-2018.png

SilverRex

03-22-2018, 10:40 AM

mr2mike

03-22-2018, 12:26 PM

MJ Canada vote today 2nd reading. A lot of worried people out there. MJ sector is bouncing around.

SilverRex

03-22-2018, 12:33 PM

I read from a source suggesting they have spotted how bitcoin moves 8 weeks ahead of the stock market. If crypto had indeed had a major bottom on Feb 5th, then the SM should bottom by no later than next week. Would it not be nice to know in advance when you see bitcoin's next major crash and 8 weeks later you exit the stock market and sit on cash to buy back lower. Will see if this pattern continues this years.

SilverRex

03-23-2018, 08:11 AM

gdx

what do you know, when these counts work, its great. gdx touched 21.49 (21.48 actually was the 61% retracement level from my calculations), then gap up in what appears to be wave 1 of 3 of 3

https://s17.postimg.org/dts17h1v3/gdx_03-23-2018.png

SilverRex

03-23-2018, 09:20 AM

gold

my current bullish count if the consolidation yesterday in that declining channel is a wave 2, gold could be spotting a sub ii of iii of iii, alt count will just be 5 waves up to 1350 and correction to back test the 1340 area. (1341 has always been my prefer neckline breakout) testing this area may also make sense if it wants to shoot higher.

https://s17.postimg.org/nbrs7fnin/gold_03-23-2018.png

SilverRex

03-26-2018, 07:53 AM

US dollar

so dollar has finally broken down from the rising wedge. it did not even get to tag the upper range of the wedge (91.3+) which would have forced gold to test under 1300. anyhow assuming all things go well, we have a back test of the broken neckline, and it should begin the next decline with a chance to make a new low or at least a double bottom in the low 88s. the h&s pattern breakout to the downside also projects into the same level.

https://s17.postimg.org/cj6bsuoov/dollar_03-22-2018.png

dollar is at 89.13, looks like the backtest was successful. There should not be anything stopping its drop to a double bottom or lower low unless there are any intervention. would like to see gold give us that recognition wave 3 of 3 breakout.

SilverRex

03-28-2018, 09:25 AM

dollar

right now gold appears to be correcting after the run from 1307 to 1357 about. However the fate of gold and the PM complex hinges on the dollar's ability to make a new low. while I am still favoring the count for a 5th wave down under 88, the dollar so far has a perfect A=C setup, and it needs to fall from here. if for what ever reason it begins to push higher, I will begin to question if dollar's intermediate rally which could last for months is beginning. This will not go well for gold and miners considering miners continues to disappoint and this recent rally has been very lack luster at best. while I am back to about break even on my jnug I will be watching gdx at 21.16 closely, if this breaks I may just pack it in and exit, and wait a couple of weeks to see if a collapse in metals is coming.

https://s17.postimg.org/t414tf1en/dollar_03-28-2018.png

SilverRex

03-28-2018, 11:45 AM

Gold has hit the 61% level at 1325.7 of the 1307 to 1356 move. I want to see gold find support here

SilverRex

03-29-2018, 08:14 AM

Weed

personally I think the chart on Weed looks the best of the big 3 (ACB, APH). I have noticed lately this sector has been quite boring. looking at the previous patterns of how it was traded, it is so far trying to follow the same pattern, with over lapping 5 wave structures up, follow by a bit of a side way correction, then a new impulsive cycle begins.

personally I still believe the MJ sector should still see one more higher high. So we will just wait patiently as it is building momentum for the next big move.

https://s17.postimg.org/ip5klyn8v/weed_03-29-2018.png

SilverRex

04-03-2018, 09:06 AM

gdx

still holding onto my Jnug unless gdx breaks below 21.16, clearly it has broken out of the triangle apex which gave it some momentum, but it is still vastly under performing relatively to gold's strength. all I know is, if price breaks below 21.16 under wave (d), that is technically quite bearish so I will use that as my line in the sand.

COT data shows gold needs to fall while COT silver looks uber bullish, this cant happen, one of them is lying, but who?

https://s17.postimg.org/k4p3xx0lb/gdx_04-03-2018.png

Disoblige

04-03-2018, 12:33 PM

Anyone trying to catch the falling knife on MJ section, good fucking luck lol. Not fighting the trend.

300havoc

04-03-2018, 01:16 PM

Anyone trying to catch the falling knife on MJ section, good fucking luck lol. Not fighting the trend.

I sold off my ACB at a small loss to buy in when it gets closer to $7.50-$6.50 range. It will bounce back, it's just a matter of when. I'm moving to more energy/miners. Made money with Pony, Crew Energy and now I'm watching some other gold and energy companies slowly do a march upwards, but I'm keeping some cash to pick up stuff when it falls lower.

zhao

04-03-2018, 04:56 PM

Anyone trying to catch the falling knife on MJ section, good fucking luck lol. Not fighting the trend.

I have a few % in mj I've hung on to and Jesus lol. But Everything feels like a falling knife right now and my portfolio is raping me pretty hard. Not one stock is up from feb 1 that I am in or watch. Half of it makes sense, but the other half is I'm guessing only because of trump flapping his yap. I'm not banking on any big rebounds for months either.

SilverRex

04-04-2018, 11:06 AM

Icon

havent looked at this for a while, surely from the last rally, I mention it was only 3 waves and unless it gave us a 5th, lower lows was possible. So count suggest final leg down under way. lowest target is 0.74, there are divergences across most time frame so the bottoming is imminent, I may add another position if it ever gets that low.

https://s17.postimg.org/owzubu5wv/icon_04-04-2018.png

max_boost

04-04-2018, 01:35 PM

All the money I ever made with MJ is slowly disappearing. Sighs lol

zhao

04-04-2018, 02:25 PM

Hs announced their multi million dollar contract (officially signed) today I heard rumors of in December. Hopefully some more news is in their future of more big contracts. Lots of penny flippers in this one now + shit market keeping it from breaking out but I'm hoping by sometime in summer it's Rockin again. I suspect this contract might slow push the stock price back in to double digits. My break even is 14 cents so pretty depressing at current prices.

taemo

04-04-2018, 02:57 PM

I definitely need to exercise the buy low sell high motto but I just keep collecting them.

at this point, I'm just waiting for stocks to start trending up again before buying more stocks which probably wont happen again until later this summer.

vengie

04-04-2018, 07:34 PM

SilverRex, do you use Think Or Swim for your charting??

SilverRex

04-05-2018, 08:39 AM

Weed

looks like we already have our wave 5 up (just slightly higher than wave 3) and major 2 down is underway. it continues to look like a larger fractal pattern of the correction back Nov 2017, micro count wise, it could use one more drop to complete this leg down.

https://s17.postimg.org/vd54qxunz/weed_04-05-2018.png

Vanish3d

04-05-2018, 09:48 AM

I heard some rumors about BBI - anyone hear anything in regards to a buyout?

SilverRex

04-05-2018, 11:51 AM

Nasdaq

possible wave (c) of (iv) bottom being in. even if we get one more low, it does not change the main count. this entire correction off Jan 26 is a giant wave (iv) with a final wave (III) of 3 to come that should take us pass 8000+

I have already moved in the remaining of my RRSP cash on Feb 9 during the wave (A) drop because it was a perfect 5 waves down. wave (c) is tricky as it can break a new low or it may not. DJI did but so far nasdaq and spx hasnt. spx top side wave 3 target around 3200.

here is the catch, once we reach the final wave 3 of 3 top, things will and can begin to get even uglier, I will be planning to scale out of most of my position in the general stock market except gold and crpyto. The next correction will be a big one (those that recall the post I share about how after 5 waves up price tends to retrace the prior wave 3/4 range) that means it can drop all the way back to the 2016 low. so Nasdaq imagine from 8000 to 4000 and spx from 3200 to 1800. yes another 2008 like event. Those that also follow the Armstrong confidence model also should know from now until the next 2 years suggest a similar window.

This is where I see gold/silver make it's final significant move up that may have already begun or perhaps in the summer (if it cannot breakout now and this gets pushed out a few months due to dollar's recent strength for an intermediate degree that can last for a few months)

Interesting times ahead. if I have learned anything from 2008, always have ample cash aside for 40-60% drops to take advantage of the low, biggest opportunities come from these cycle lows, not from chasing the top. Even if there is a melt up scenario where this final wave 3 up can push beyond the projected lines of the targets I mentioned.

https://s17.postimg.org/txcgbaf4f/nasdaq_04-05-2018.png

s_havinga

04-06-2018, 10:52 AM

Well after a long hold on PONY and finally getting back above my average cost, I have exited my position with a small gain. If it drops back down, I might get back in with a smaller position.

J-hop

04-09-2018, 09:15 AM

Picked up a small amount of largo resources this morning, looks like it could be decent. Year, month and 5 day trending upwards pretty well. Volume looks ok.

SilverRex

04-09-2018, 11:26 AM

SilverRex, do you use Think Or Swim for your charting??

nope, I only use tradingview right now

SilverRex

04-10-2018, 09:12 AM

Disoblige

04-10-2018, 09:13 AM

Anyone eyeing ACB entry? $6.50? Lower?
Seems to be an oversold bounce happening right now, but that might be all it is. Waiting till that subsides.

D'z Nutz

04-10-2018, 09:43 AM

I got in at $7.02 this morning and bailed when it shot up to $7.42 shortly after. If I held on 20 minutes later, I would have hit the high of day but I was in a meeting.

J-hop

04-11-2018, 08:36 AM

Picked up a small amount of largo resources this morning, looks like it could be decent. Year, month and 5 day trending upwards pretty well. Volume looks ok.

after missing when I should have bailed on Monday exited with a reasonable gain this morning (1.69 -> 1.83).

I got in at $7.02 this morning and bailed when it shot up to $7.42 shortly after. If I held on 20 minutes later, I would have hit the high of day but I was in a meeting.

Nice work. Canadian weed stocks are scaring the hell out of me right now.

Edit: into bear creek mining @2.60, see how that one goes

SilverRex

04-11-2018, 08:41 AM

it will be interesting to see how gold reacts if 'it' can break above 1356.83 to breakout from this multi-month long wedge/channel/consolidation.

those following this sector should be fully aware of the discrepancy between gold and silver meaning, one should bet on silver to out perform gold by a significant margin during the next rise which may be happening now. (Silver COT data is at a level or signal not seen since 2003) worse case would be yet another ICL into May/June. but I am fully ready if PM makes some noise now

SilverRex

04-11-2018, 08:55 AM

1356.83 broken, next key resistance 1361.72

update: going to set a mental stop loss on gdx 22.51 and gdxj 32.83, still feels like PM is under performing and could repeat what happen in feb where this move up is just another 3 wave A=C. if this breaks will reassess

300havoc

04-11-2018, 01:30 PM

Nice work. Canadian weed stocks are scaring the hell out of me right now.

I've been buying ACB when it hits 7.90~ and keeping an eye on it as it pops above 8.10, selling as it gets past that point and then re-buying when it gets down again. In the last 5 days it has been consistently been playing around those points, with some deeper dips. A couple of my gold holdings are also starting to climb, which is nice. Kicking myself for dropping out of CR and PONY when I did but oh well. Got into BIR when it was 3.90 and it's around 4.30 now, so that was a good choice to make.

Rat Fink

04-11-2018, 02:54 PM

SilverRex

04-12-2018, 09:11 AM

again gold deeply retraces beyond what I had hope, and gdx broke below 22.51, taking my 10% profit off Jnug and moving my funds into SIL, might go back to jnug if we do get a sudden break down, otherwise I am focusing on holding more silver exposure.

SilverRex

04-12-2018, 09:29 AM

Hive

with the entire crypto shares sector begging to rebound, I am still waiting for hive to make that strong move back to the 1.8-2.20 range. Again still only 3 waves off the low and another crack / attempt to break above 1.38 as well as the down channel.

http://stockcharts.com/freecharts/candleglance.html?BTCS,BTSC,MARA,BLOC.CA,HIVE.V,HUT.V,blok.v|B|

https://s17.postimg.cc/ko6ndv44f/hive_04-12-2018.png

Brent.ff

04-12-2018, 10:04 AM

Reallly hoping my LHS.CN continues to bounce in a big way..

SilverRex

04-13-2018, 10:34 AM

Leaf.to

Another good cannabis stock from a charting perspective is Leaf, not sure who plays this one. but it would appear the ABC down is finished with a great impulsive off the low wave (C) , now I expect sub wave ii is underway, while it has met the min 23% correction, so unless it is a very shallow wave ii which by EW definition is possible, generally speaking the 50-61% correction back to the 16s is welcomed. a good risk setup with stops under the 78% level around 15.33, if this ABC count is correct. then this stock should begin some nice up swings.

now in general this may be a good indication for the entire sector so WEED/ACB/APH should all have good moves as well, they are more or less in their own variants of correction which have either ended or are ending.

https://s17.postimg.cc/jdqwz37zz/leaf_04-13-2018.png

SilverRex

04-13-2018, 11:21 AM

Weed

there's the lower low, do we have one more mini wave lower? I expect this to be wave 5 of C on the verge of being completed. confirmation requires price above 26.75 follow by above 32

https://s17.postimg.org/r066cpzhr/weed_04-10-2018.png

just to throw this in there, this is what I am expecting is happening to WEED from a EW count pattern

https://s17.postimg.cc/h2xg8owwv/Wave_pattern.png

J-hop

04-16-2018, 08:05 AM

Might be worth looking at the US cannabis companies after trump showed federal support Friday for states that have legalized it. Looks like it’s having some effect on Canadian companies but I think that will be short lived.

jacky4566

04-16-2018, 09:10 AM

Not sure how many of you are trading AMD but it looks prime for an upswing. A bit oversold and they typically rise before earnings on 3/5. Bought a position this morning.

SilverRex

04-17-2018, 12:52 PM

Silver Juniors are slowly coiling higher/breaking out

http://stockcharts.com/freecharts/candleglance.html?CDE,HL,PAAS,WPM,SSRM,AG,EXK,GPL,SVM,USAS,FSM,SIL%7CB%7CH14,3%7C0

Magic8Ball

04-17-2018, 04:08 PM

Silver Juniors are slowly coiling higher/breaking out

http://stockcharts.com/freecharts/candleglance.html?CDE,HL,PAAS,WPM,SSRM,AG,EXK,GPL,SVM,USAS,FSM,SIL%7CB%7CH14,3%7C0

SilverRex, I know you exited your JNUG a few days back. Just curious where you think gold is headed now? I know GDX dipped below your mental stop loss. GDXJ only went a penny lower at 32.82. I am still hanging on to a position...as it seems to want to grind a little higher. Any thoughts?

SilverRex

04-18-2018, 07:05 AM

SilverRex, I know you exited your JNUG a few days back. Just curious where you think gold is headed now? I know GDX dipped below your mental stop loss. GDXJ only went a penny lower at 32.82. I am still hanging on to a position...as it seems to want to grind a little higher. Any thoughts?

yes i exited Jung, when it broken a level i had set in mind. over all i am still leaning towards a breakout in this sector now or few months down the road, so i moved into SIL instead. Even if gold/silver does breakout from here, i am all positioned for MT to LT, trading in and out of Jnug was just a swing trade for me.

SilverRex

04-19-2018, 12:28 PM

SPX

I posted this a while ago when spx first made 5 waves down to the bottom of the rising channel. I took this opportunity to move the rest of my cash holdings into the equity index. I suspect we are now on the 2nd upswing which should be part of some triangular pattern with breakout to the upside. Once we get the breakout to ATH again, it will be time to begin unwinding position in anticipation of a much larger correction or a multi year topping which would mean a SM crash.

https://s17.postimg.cc/u6g3bunkv/spx_guess.png

SilverRex

04-20-2018, 09:18 AM

crpyto shares starting to catch fire.

BTSC leading the charge with 250% off the low. while my holdings are small and have been buying the dips every now and then, I am taking my profit here for BTSC/BTCS (44%/22%) respectively. still waiting for hive, mara, bloc to catch up

http://stockcharts.com/freecharts/candleglance.html?MARA,BLOC.CA,BLOK.V,BTCS,BTSC,HIVE.V,HUT.V

SilverRex

04-24-2018, 08:48 AM

BTSC remains the strongest one out of gate. up 300% off the low

http://stockcharts.com/freecharts/candleglance.html?MARA,BLOC.CA,BLOK.V,BTCS,BTSC,HIVE.V,HUT.V

SilverRex

04-26-2018, 01:31 PM

Icon

added a small tranche yesterday. waiting for a big breakout. though I dont mind see one more swift drop 10-15% to add a little more.

Disoblige

04-26-2018, 01:43 PM

Icon

added a small tranche yesterday. waiting for a big breakout. though I dont mind see one more swift drop 10-15% to add a little more.
Are you looking this at a purely technical standpoint?
Also not too much volume.

SilverRex

04-26-2018, 04:23 PM

Are you looking this at a purely technical standpoint?
Also not too much volume.

both technical as well as speculative, this is a hurting company but the moment it can turn around meaning going from bad to poor a good bounce could be a 38% retracement back into the teens. most of the time frame have +divergence and count suggest we are quite near the bottom (maybe alittle more to go).

KO22

04-26-2018, 04:50 PM

Good to see PONY finally crawl back out of the depths of hell.. been holding this for far to long. Hopefully keeps going higher :facepalm::nut:

Matty_10

04-27-2018, 08:10 AM

Who’s going to try and catch the falling knife DGC? Down 30% this morning.

cloud7

04-27-2018, 08:25 AM

Good to see PONY finally crawl back out of the depths of hell.. been holding this for far to long. Hopefully keeps going higher :facepalm::nut:

I have PONY as well. It is the only O&G company on my list that I am still down on... I guess I should have averaged down when I had the chance a few months ago. All my other O&G holdings are up 25-30%... I will let them
ride a little bit longer before deciding what to do with them.

SilverRex

04-27-2018, 09:13 AM

gold

putting on my bullish hat. so far many are calling a big drop in gold/PM however I could also see a scenario where it can suddenly breakout. I am looking for a breakout move in May with gold wave c of sub (ii) in progress. My own strategy is that if gold does want to head towards 1280-1290, what I have done is moved away from leverage and into Sil/Silj, I expect the silver sector/juniors to be where the fun is. If gold does breakdown for a lower backtest (under 1302) then I will move into leverage.

https://s17.postimg.cc/ugbang4i7/gold_04-27-2018.png

SilverRex

04-27-2018, 10:10 AM

Hive.v

all my cryptoshares are in the green and I have taken profit in most of them waiting for a drop/buy back/ Hive is the only one I am still underwater. But not by much as I had bought the dip at 1.15 and lowered my average price down to just under 2.00, while ETH/BTC/XRP all have 5 waves up off the low and possible correction underday, even other cryptoshares like Mara already hit 5 waves up (just sold all my position this morning) I am still waiting for Hive to give us that 5th wave. if we get this next pop I will most likely sell all or 2/3 of my position in anticipation of a pull back to current area to buy back.

http://stockcharts.com/freecharts/candleglance.html?MARA,BLOC.CA,BLOK.V,BTCS,BTSC,HIVE.V,HUT.V

https://s17.postimg.cc/6ye38yogv/hive_04-27-2018.png

Disoblige

04-27-2018, 10:33 AM

both technical as well as speculative, this is a hurting company but the moment it can turn around meaning going from bad to poor a good bounce could be a 38% retracement back into the teens. most of the time frame have +divergence and count suggest we are quite near the bottom (maybe alittle more to go).
If it goes low enough, maybe it will reverse split though. That's what happened in 1993 twice.

SilverRex

04-27-2018, 10:40 AM

If it goes low enough, maybe it will reverse split though. That's what happened in 1993 twice.

cant rule that out especially if they want to remain listed. the 1.00 area is the key area, so if they stay below this for too long then I can imagine this happening.

SilverRex

04-27-2018, 11:01 AM

dollar

well many weeks ago I was imagining the dollar wanting to make a higher move to test the upper channel that time has finally come so far I am spotting 5m and 1 hour -divergences. RSI is reaching overbought. will see if this is the place where the dollar can top and roll over hard.

gold holding up well on the strong move lately, which could be a sign.

I want to see the dollar tank and PM and SM begin to make new highs

https://s17.postimg.cc/taghge2rj/dollar_04-27-2018.png

SilverRex

04-27-2018, 01:22 PM

bte.to

exactly 2 months ago I did an update on bte. was expecting wave c of (II) to be completed and a big wave 3 move about to begin. well, count has not changed, it is moving on script. after a very solid run, I think those hanging onto this should consider taking some profit as we should be nearing a ST top and about to enter a wave iv correction. wave iv are usually quite tricky to predict,

https://s17.postimg.cc/t9fqedne7/bte_04-27-2018.png

bigbadboss101

05-01-2018, 08:01 AM

ICONIX. Buying/gambling opportunity! Was down to 0.75 earlier today. Let see if it drops further.

SilverRex

05-01-2018, 11:02 AM

ICONIX. Buying/gambling opportunity! Was down to 0.75 earlier today. Let see if it drops further.

added a bit more around here. It needs to find life, if it dips too much lower it would kill the bullish potential

SilverRex

05-01-2018, 11:52 AM

after selling all my cryptoshares a week ago except for Hive, however I did light up my position given the sector looks like it was ready for a pull back. Now I have started buying them back slowly this morning.

KappaSigma

05-02-2018, 04:50 PM

ExtraSlow

05-02-2018, 06:31 PM

Bte (and all other cdn oil companies) is moving because oil since late march is on a tear.
Incorrect. The wave (iii) c2 {7alpha} is the cause.

SilverRex

05-03-2018, 08:54 AM

added a bit more around here. It needs to find life, if it dips too much lower it would kill the bullish potential

it is sad that the short sellers are or can kill this company even with such great asset. This is why it is pure spec and playing with beer money. I think the previous lowest is 0.55, while certainly it can still rise from here which will mean this is a very steep wave 2 which is not typical but can still be valid.