the thing I've learned about these PM stocks is that when they
finally form a good bottom they can run for a long time without
much of a pullback, so what happens is that you become too prone to
sell too early and thus miss a bit part of the move waiting for
that elusive pullback. That's why this time (even though I
wish I had more) I never sold all my gold stocks, I kept some cores
and bought some back yesterday near the 9.
Posted by lsherrer on 14th of Oct 2015 at 01:23 pm
You might be right again this time too, but the PMs I'm watching
are either forming what might be double tops or are unable to make
new highs. A few I'm watching are: AU, AUY, BVN, CDE, HMY, NEM
My point was that many people, sold the gold stocks way too
early, such as last week or even the previous week and have missed
the run since then, as they thought they would get a pullback but
prices went quite a bit higher
Short term they are quite extended here, some of these are up
20, 30%, 50% or more. Many bounced off the 9 EMA that's
generally first support and most of the time you bounce off that.
Now when they finally come back down I think the 9 could be lost
then tag the 20 or even 50.
also remember my wave count I showed on the 60 min where I was
looking for another push up for a wave 5, that played out as the
pullback was a wave 4, now with this last move it's into it's 5th
wave with MACD divergence setting up
then there are those of us who held on for the ride up and rode
them back down again. now that they are going back up, I need to
remember to sell them at the highs. as requested recently, please
'ring-da-bell' when we hit the highs, again.
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other pm stocks
Posted by matt on 14th of Oct 2015 at 12:40 pm
TRQ - Chart Link - bounced off the 9 EMA formed higher low discussed on Sun
SLW - Chart Link - bounced off 9 EMA, this could still breakout
PAAS - Chart Link - poking it's head out of resistance
the thing I've learned about
Posted by matt on 14th of Oct 2015 at 01:02 pm
the thing I've learned about these PM stocks is that when they finally form a good bottom they can run for a long time without much of a pullback, so what happens is that you become too prone to sell too early and thus miss a bit part of the move waiting for that elusive pullback. That's why this time (even though I wish I had more) I never sold all my gold stocks, I kept some cores and bought some back yesterday near the 9.
You might be right again
Posted by lsherrer on 14th of Oct 2015 at 01:23 pm
You might be right again this time too, but the PMs I'm watching are either forming what might be double tops or are unable to make new highs. A few I'm watching are: AU, AUY, BVN, CDE, HMY, NEM
you miss my point... My point
Posted by matt on 14th of Oct 2015 at 02:23 pm
you miss my point...
My point was that many people, sold the gold stocks way too early, such as last week or even the previous week and have missed the run since then, as they thought they would get a pullback but prices went quite a bit higher
Short term they are quite extended here, some of these are up 20, 30%, 50% or more. Many bounced off the 9 EMA that's generally first support and most of the time you bounce off that. Now when they finally come back down I think the 9 could be lost then tag the 20 or even 50.
also remember my wave count I showed on the 60 min where I was looking for another push up for a wave 5, that played out as the pullback was a wave 4, now with this last move it's into it's 5th wave with MACD divergence setting up
then there are those of
Posted by hazbin1 on 14th of Oct 2015 at 03:33 pm
then there are those of us who held on for the ride up and rode them back down again. now that they are going back up, I need to remember to sell them at the highs. as requested recently, please 'ring-da-bell' when we hit the highs, again.