Posted by goldnice on 17th of Mar 2020 at 08:33 pm
GDX {Monthly} chart. Just playing around with my Elliott
Wave count and {Pitchfork} here. The fact that we just had the
worst week in Wall Street history and then the Fed goes "Full Tilt"
cutting rates to 0% and a 1 trillion dollar stimulus package i
would say this count fits.
I do like the gold/Silver sector going forward. Just all
the margin calls and manipulation is creating huge price swings,
especially in GDX and other gold miners. I started to build
small position today, but I think there is going to be a roller
coaster ride for some time until we get some clear market
action.
GDX {Monthly} chart. Just playing
Posted by goldnice on 17th of Mar 2020 at 08:33 pm
GDX {Monthly} chart. Just playing around with my Elliott Wave count and {Pitchfork} here. The fact that we just had the worst week in Wall Street history and then the Fed goes "Full Tilt" cutting rates to 0% and a 1 trillion dollar stimulus package i would say this count fits.
I do like the gold/Silver
Posted by ssaffer on 17th of Mar 2020 at 08:45 pm
I do like the gold/Silver sector going forward. Just all the margin calls and manipulation is creating huge price swings, especially in GDX and other gold miners. I started to build small position today, but I think there is going to be a roller coaster ride for some time until we get some clear market action.
yep agree
Posted by matt on 17th of Mar 2020 at 09:47 pm
yep agree