Wow MEG is sitting like a rock all week. Just solid at 9.35. Would it be wise to trade a short back to 8.0?
Wow MEG is sitting like a rock all week. Just solid at 9.35. Would it be wise to trade a short back to 8.0?
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You have one more Wednesday till the numbers start to reflect the cut, and it's Xmas... so volumes are probably going to be low... I wouldn'tOriginally posted by jacky4566
Wow MEG is sitting like a rock all week. Just solid at 9.35. Would it be wise to trade a short back to 8.0?
The trend is your friend. everyone wants oil to run to 55-60.Originally posted by jacky4566
Wow MEG is sitting like a rock all week. Just solid at 9.35. Would it be wise to trade a short back to 8.0?
I wouldn't be surprised to see it get there IF opec does cut
wasnt Trump in favor of a weaker dollar?Originally posted by Disoblige
Personally, one fundamental reason that is keeping me holding is how long can this dollar and market rally last? Is Trump going to deliver all his promises? I say no. When will reality set in and people start getting back into gold?
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2019 IS350 AWD
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SilverRex, it looks like natgas started or about to start wave 3 on the daily chart. Am I reading this shit right?
Yeah, he is. In May, he said this:Originally posted by SilverRex
wasnt Trump in favor of a weaker dollar?
But this was before he was even the nominee. Don't know if things have changed since he's going to be president. So I'm sure he would like to devalue the currency, but for the short term (depending what you call short), looks like the dollar and markets would rally for Trump. That's what it looks like, anyways."If we raise interest rates and the dollar gets too strong, we're going to have some major problems,"
How long would it take for this trend to reverse? Feb? Mid-2017? Even further? I don't know.
yes it does look like wave 3 has started targeting 4.8, keep in mind nat gas is highly volatile, it can swing to the extreme on both direction. some analyst can still call the recent run up a wave B given how short in duration the last drop to 2.5s was.Originally posted by Vanish3d
SilverRex, it looks like natgas started or about to start wave 3 on the daily chart. Am I reading this shit right?
FCX appears wave 2 correction under 13.90 to be completed. count wise suggest, it should begin its wave 3 as well. although it can fill the gap at 13.60 which is the 61% level if the correction reaches that far. i may be tempted to increase my position sizes
didnt Trump selected Carl Icahn as an advisor of some kind. One of Icahn's top holding is FCX
Last edited by SilverRex; 12-22-2016 at 05:30 PM.
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2019 IS350 AWD
20xx NX350 AWD
Lets play a game of "How can I draw some trend lines to give my underwater miner positions some optimism?"
» Click image for larger version
If this has any merit, gold should tag near the 78.6 retracement at 1115, then we should at minimum have a relief rally to around 1273.
*Note, the above is driven by completely wishful thinking and not to be taken as advice for trades.
This will take until about May. At this point, holding through spring seems like a decent plan for a few reasons.
Last edited by bspot; 12-22-2016 at 06:26 PM.
^
here is what could support your 1115 target.
currently gold is in a triangle pattern. another h&s which will target the 1110 area if the neckline does not hold. noticed the last day or so it has been moving in an mini ending diagonal pattern. which can give some life and break to the upside.
so the final leg down (lower low) could be underway, or it needs to break upwards and invalidate this bearish setup. one of these days the bearish pattern will fail.
first clue it needs to break 1137 follow by 1145
might be safer to enter after gold recaptures the above resistance.
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2019 IS350 AWD
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looking at biotech.(ibb)
it is pretty clear that it moves in 3 waves pattern. a bearish scenario would imo should still put in a top above 300. follow by a decline to new low. this scenario probably would indicate a crash in the stock market
however the bullish scenario if the stock market is now entering a parabolic bubble phase (like it hasnt already in one) due to collapse of the bond market, money is flowing into anything but cash.lifting equities to unfound levels. then biotech would breakout of this consolidation funk and just astound.
i think regardless of which scenario that unfolds. there should still be money to be made and the convergence target zone is a good place to take profit and wait for confirmation on either direction.
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2019 IS350 AWD
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Hahah, you too? Yep, I'm thinking Spring time unless something funky happens with Trump in Jan/Feb.Originally posted by bspot
Lets play a game of "How can I draw some trend lines to give my underwater miner positions some optimism?
gpr/gpl looks like wave 3 is under way.
ndm.to is also back to the top of the trading range.
hopefully the bullish action in these stocks is a sign that the entire sector is about to turn soon
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I sure hope this action on miners holds up until tomorrow. This looks like a nice spot to wind down all of my averaging down on HGU to get back to a more reasonable position.
i am hoping there will be another gap up tomorrow so i can unload ndm.toOriginally posted by bspot
I sure hope this action on miners holds up until tomorrow. This looks like a nice spot to wind down all of my averaging down on HGU to get back to a more reasonable position.
my average price is 1.39 , it was up 10% friday.and today up another 30%. im up 137% after a month. i intend to take profit on this one
gpl/gpr.to also continues to make new highs up 47% since my entry. will continue to hold until it atleast doubles as well.
also will unload 2/3 of my Jnug as well.
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also gold finally made a swing low by taking out 1145. if sector can follow thru tomorrow then the the likelihood that gold had bottom on dec15 is a very high possibility.
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looking like a significant rally. heading into gold bullions tomorrow morning.Originally posted by SilverRex
also gold finally made a swing low by taking out 1145. if sector can follow thru tomorrow then the the likelihood that gold had bottom on dec15 is a very high possibility.
next confirmation is for gold to break 1152
sold ndm.to and 1/3 of my Jnug today
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11% on dgc today! Fingers crossed this is just the beginning... still got a ways to go to be even
Freaking CEMP. Took a huge position on it and PDFUA dates were yesterday ands today. Nothing released. I just want some news dammit.
Dropped my HGU to a reasonable position size. Unfortunately had to do it in the morning due to travel.
so far gold has been creeping back up after hours. very encouraging so far.
looking at gdx we have our first cycle trendline breakout. which could signal this is a new daily cycle. if the bottom is in, then it should find its way to the next multi month trend line at 22.
again if gold can do its part and close above 1152 tomorrow or next week, then i would start to get more excited.
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2019 IS350 AWD
20xx NX350 AWD