They have had a great year so far!This quote is hidden because you are ignoring this member. Show Quote
They have had a great year so far!This quote is hidden because you are ignoring this member. Show Quote
Looking around
Wondering what became
Of what I once knew
Definitely. It took a while for me to initiate a position but I'm glad I didn't wait too long.This quote is hidden because you are ignoring this member. Show Quote
It's a slaughter!
Looking around
Wondering what became
Of what I once knew
taking my 13% profit on Jnug. will re-assess next week as gold has hit the 1528 confluence target here. it could easily go both ways. Im not a fan of price action based on news/knee jerk reactions.
edit: no big pull back. despite gold at one point nearly gave back the 20 dollars surge over the weekend. silver remains bullish and I expect at least one more higher high for gold. Getting back half Jnug position for this last ride up befor a big intermediate cycle top. then we should expect a good lengthy correction
edit: gold has formed a pretty convincing reversal candle on the daily. while silver is very strong and is already breaking over 18. I feel the intermediate cycle decline is very close. the lack luster under performance in the miners is one sign I think I will just not play with leverage until I see another good low risk setup.
Last edited by SilverRex; 08-27-2019 at 07:12 AM.
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2019 IS350 AWD
20xx NX350 AWD
usa.to
with silver nearing a top (count wise), I dont expect usa to keep stepping much higher. I am now leaning towards my alt count that we have just completed a large degree wave 3. And now to see action grind side ways. This could offer a good swing trading opportunity. I will attempt to sell near 5 and buy near 4 and see how this plays out. Once consolidation completes, the next move higher should take us to 6
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2019 IS350 AWD
20xx NX350 AWD
NBEV
has hit my buy limit order at 2.83
JDST
After pms/gold putting in 5 waves, took a small position to catch a short term reversal.
Aug 30: exiting my short. despite a strong dollar, gold/pm refused to tank. pm looks bullish. switching back to Jnug if gold can confirm by closing above 1533-4
adding back half usa.to here in case the consolidation ends with gold moving to a new high
edit:
ACB
took a starting position here after spotting a mini 5 waves down since aug 6
usa.to
sold all my holdings at 4.91 will wait for buy back
Last edited by SilverRex; 08-30-2019 at 11:58 AM.
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2019 IS350 AWD
20xx NX350 AWD
NBEV
after my last attempt in the 4.3x back in June didnt pan out. Was waiting for a new low. I mention 2.8 was a key level and my limit order kicked in at 2.83. So far we did get a reactionary jump off of it. Now we will see if this is the wave (C) low as RSI divergence has been spotted for each new swing lop. Even if this is not a major low, I can see at least a similar short covering rally like early april so at least it will be good for a good bounce here.
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2019 IS350 AWD
20xx NX350 AWD
Sold a bunch of ugaz today. Has been a great trade last few weeks.
usa.to
despite silver making another new high, miners in generally are not showing strength. I am taking my 5% profit on usa.to and suspect the attempt for a triangle breakout now will fail and a larger drawn out correction/consolidation will continue. Will buy back lower
Nio
the drop today was not what I wanted to see, was a bit bias even though the previous rally in Jun/July looks like a clear ABC up (which generally suggest it is corrective). taking a small loss and will wait for a lower low to buy back.
NBEV
no change. Still holding my position, could be a 1-2 count here. even if we get a lower low, I think it will quickly be bought and create a + divergence. the Weed sector is weak however I feel we are closer to a significant bottom then we are at a top.
Jnug
got back in on friday. Still in the green. Will move my stop to gdx 30 / gdxj 41.75 if I get knocked out, its fine. no loss, but worth a try. I think upside is limited to gdxj 44 and gdx 31.5 so I have to wait for better risk/reward setup
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2019 IS350 AWD
20xx NX350 AWD
Fr.to
using first majestic silver as clue. its running a leading diagonal and should be ending quite soon. one more high tops. then down she goes. waiting for a big sell off under 12. However keep in mind the low off Nov 2018 appears to be a 1-2, 1-2, which means the sell off now would still only be another larger wave 4 correction with higher highs to come.
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2019 IS350 AWD
20xx NX350 AWD
APHA
already have a position in ACB.to, added another position on APHA this week shortly after it broke the down channel line under 8.50, looking for a A=C move back to double digit. or perhaps this could turn into something bigger
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2019 IS350 AWD
20xx NX350 AWD
glad I sold all my pms
looking at gdx, the last line in the sand (if there is still one more high to come) would be the 29 area. Will attempt to pickup a position here if this area gives way, then a much larger intermediate degree (which I am waiting for) will have started. Will also scale back into usa.to accordingly
edit:price finally hit 29 and under. Took a smaller position here to see if miners can still put in one more higher high. not going anything large as the risk/reward isnt as favorable at these levels.
Last edited by SilverRex; 09-06-2019 at 11:31 AM.
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2019 IS350 AWD
20xx NX350 AWD
acb.to
beside APHA, also took up a position in acb last week after spotting a 5 waves down.
Gold/Silver/PM
after 5 waves down, regardless of trend we are due for a good bounce
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2019 IS350 AWD
20xx NX350 AWD
usa.to
latest news has it that they are rebranding their name as well as announced a significant increase in gold reserve. looks like they are not going away any time soon.
After selling above 4.8, decided to scale back in at the close yesterday. was hoping for a low under 4. But with price re-capturing above 4.45, my alt count is now considering a potential 1-2 (potentially something more bullish)
edit: spoke too soon. miners looks quite weak even when gold was up on the heels of a bad job number. will add if usa.to gives me 4 and under
Last edited by SilverRex; 09-06-2019 at 08:40 AM.
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2019 IS350 AWD
20xx NX350 AWD
CGC
though I dont have any position those into the Weed sector or playing cgc, the chart is a very text book ABC. need to confirm low with a micro 5 up. may grab a tranche on the wave 2 pull back.
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2019 IS350 AWD
20xx NX350 AWD
gold/silver
both metals have completed 5 waves down, im expecting a counter trend bounce until Fed's next rate decision at FOMC in about 10 days. Then begin another big drop lower than what we saw friday to finish an ABC count. I expect one more wave higher in the sector before a very significant correction begins.
edit: picked up Jnug and fully scaled back into usa.to for play the oversold bounce or counter trend wave B move
Last edited by SilverRex; 09-09-2019 at 07:46 AM.
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2019 IS350 AWD
20xx NX350 AWD
gold
with gold selling off, this marks a pretty good correction now underway. I expect we have seen 5 waves down and with silver touching off a rising channel line near 17.7, couple with divergence on MACD/RSI. I do believe we will begin a counter trend rally wave B up. possibly setting up a large right shoulder top leading into FOMC day, then another lower low to come
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2019 IS350 AWD
20xx NX350 AWD
Natgas
ever since I got out of 2.31 in July expecting a lower low (2.039) I was hoping for under 2< to load up, this never came. Which is fine, no one can pick the absolute bottoms/tops. So with a decent runup and breaking the down channel line, we are now back into an intermediate up cycle. My confluence target is to see it reach as high as 3.5 about.S So any good pull back would be seen as a buying opportunity.
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2019 IS350 AWD
20xx NX350 AWD
Dont really see much chartting on NG. This is more seasonal. Bottoms out in shoulder season and now ready to bounce. Im hoping for 1 more pullback to get back in.This quote is hidden because you are ignoring this member. Show Quote
yes Natgas seasonality chart shows a low in end of Aug.This quote is hidden because you are ignoring this member. Show Quote
Last edited by SilverRex; 09-11-2019 at 06:30 AM.
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2019 IS350 AWD
20xx NX350 AWD