Steve, What are your thoughts on Boeing? There is a gap around
245 area which looks like a possible target. But I'm more concerned
about all the gaps on this move up. Just turned bullish on my
weekly chart. Placing stop around todays lows about
197.35.
Posted by steve101 on 30th of May 2020 at 07:38 am
Goldnice, I do not agree. On a 240 minute chart I see a large
bearish divergence. Retail sentiment got up to 91% bulls an area
where reversals occur. The move up from the march lows is very
likely an ABC zigzag pattern where the C wave was .618times the A
wave in a terminal thrust out of triangle in an ending diagonal for
wave 1. I think looking at short funds is more appropriate. The
market will tell us shortly its wishes. My view is that over the
next couple months Silver corrects down below 14.00.
Posted by steve101 on 24th of May 2020 at 07:10 pm
This ought to be read. Roubini predicted the housing bubble
crash and now...
https://nymag.com/intelligencer/2020/05/why-the-economy-is-headed-for-a-post-coronavirus-depression-nouriel-roubini.html?utm_source=pocket-newtab
Will try the link to the direct page again just in case. People
should know about this. I'd have ended up in the hospital without
this. Got the supplements fedex'ed to me the next day.
https://www.drbrownstein.com/coronavirus-ix:-what-to-avoid–ibuprofen–and-what-to-take/
Matt, I got the virus. Woke up here in MA at 1:30AM with the dry
cough 3 thursday's ago and searing pain in my lungs. Was
afraid to go back asleep. Lasted 48 hours but I started Dr.
Brownstein's protocol for four days then the maintenance protocol.
Was tough for about 5 days then started to turn around. Now back to
running 3 miles 4 times a week, doing yoga, and crossfit on my own
since the gym is closed. Here is the link for Brownstein's
protocol. Watch his videos with patients he cured. No one he treats
goes to the hospital:
https://www.drbrownstein.com/coronavirus-ix:-what-to-avoid–ibuprofen–and-what-to-take/
Why is our society so fixated on drugs and vaccines when
treatments like this are cheap, can't be patented, and work quickly
without any side effects. I LOVE THIS GUY!
Posted by steve101 on 22nd of Feb 2020 at 08:52 pm
Matt, in the past you were thinking commodities were ready to
lead the SPX to the upside, and it turned out to be pre-mature. It
may be close to the time to be monitoring this again. The CRB has
been in an 11 year 73% decline. It looks to me like a large ABC
pattern from its peak and that we are completing the 5th wave of
the C leg down. This suggests that commodities will be the place to
be and will outperform equities in the not too distant future. It
certainly has my attention - grains, oil, nat gas, agriculture,
gold, silver, etc.
Posted by steve101 on 14th of Feb 2018 at 12:22 pm
Eldorado announced on January 16, 2017, its operating results
for 2017 and the 4Q'17. Total production was 84,063 Au Oz with an
AISC of approximately $900 per ounce.
The company is suspending cash payment of its semi-annual
dividend payment effective the first quarter of 2018.
EGO has total liquidity of approximately $730 million, including
$480 million in cash and $250 million in undrawn lines of
credit.
I recommend EGO as a buy accumulate due to an expected favorable
decision by the arbitration panel expected in April 4, 2018. The
company invested 1.5 billion into
3 mines in Greece, currently shuttered with the workforce laid
off, until a decision against the government holding up final
permits. The market currently values those assets at
zero, and a favorable decision with cause a big gain in price,
perhaps back to the $5 over time.
Posted by steve101 on 26th of Sep 2017 at 10:47 am
Price pattern sentiment indications and upcoming
expectations
Unfortunately, the depth of the pullback in the GDX has caused
me to become concerned with the complex. While GLD and silver can
still be looked at bullishly, the overlapping pattern in the GDX
has now increased the probability that the GDX can fall back down
towards the 17 region by year end. I know this is not what metals
bulls want to hear, but I have to abide by what the patterns are
telling me. And, at this time, they are telling me I have to become
more cautious as long as we remain below 28 in the GDX.
Ideally, I would still want to see the market rally up towards
the 26.50-28 region before we begin to drop later this year. But,
if we break the 22 region before we are able to climb towards the
higher target, it opens the door to a potential slide earlier than
I ideally want to see. Moreover, it would take a strong break out
through 28 to take this potential off the table, but I really do
not see a highly reliable pattern at this time to suggest that can
happen with a high degree of probability.
Lastly, should this decline take shape on the GDX, it opens
the door to silver making a low that is below the one struck in
2016.
So, the action seen recently has set up a potential trap door
in the complex, which may open before the end of the year. One may
want to consider protecting their profits/portfolio as we move into
the last quarter of the year.
The community is delayed by three days for non registered users.
BA
Posted by steve101 on 5th of Jun 2020 at 01:13 pm
https://stockcharts.com/h-sc/ui?s=BA&p=W&yr=3&mn=6&dy=1&id=p56842254000&a=326036911&listNum=61
Steve, What are your thoughts
AAPL Updated View
Posted by steve101 on 5th of Jun 2020 at 12:57 pm
Steve, What are your thoughts on Boeing? There is a gap around 245 area which looks like a possible target. But I'm more concerned about all the gaps on this move up. Just turned bullish on my weekly chart. Placing stop around todays lows about 197.35.
Goldnice, I do not agree.
SLV {Weekly Close}. Silver ETF. The Silver bull market started ...
Posted by steve101 on 30th of May 2020 at 07:38 am
Goldnice, I do not agree. On a 240 minute chart I see a large bearish divergence. Retail sentiment got up to 91% bulls an area where reversals occur. The move up from the march lows is very likely an ABC zigzag pattern where the C wave was .618times the A wave in a terminal thrust out of triangle in an ending diagonal for wave 1. I think looking at short funds is more appropriate. The market will tell us shortly its wishes. My view is that over the next couple months Silver corrects down below 14.00.
This ought to be read.
Posted by steve101 on 24th of May 2020 at 07:10 pm
This ought to be read. Roubini predicted the housing bubble crash and now... https://nymag.com/intelligencer/2020/05/why-the-economy-is-headed-for-a-post-coronavirus-depression-nouriel-roubini.html?utm_source=pocket-newtab
Go to page three of
So one best friends called me last night his grand ...
Posted by steve101 on 8th of May 2020 at 06:35 pm
Go to page three of his blog, the second one down. Roman numeral IX: https://www.drbrownstein.com/blog/
Will try the link to the direct page again just in case. People should know about this. I'd have ended up in the hospital without this. Got the supplements fedex'ed to me the next day. https://www.drbrownstein.com/coronavirus-ix:-what-to-avoid–ibuprofen–and-what-to-take/
Matt, I got the virus.
So one best friends called me last night his grand ...
Posted by steve101 on 8th of May 2020 at 06:20 pm
Matt, I got the virus. Woke up here in MA at 1:30AM with the dry cough 3 thursday's ago and searing pain in my lungs. Was afraid to go back asleep. Lasted 48 hours but I started Dr. Brownstein's protocol for four days then the maintenance protocol. Was tough for about 5 days then started to turn around. Now back to running 3 miles 4 times a week, doing yoga, and crossfit on my own since the gym is closed. Here is the link for Brownstein's protocol. Watch his videos with patients he cured. No one he treats goes to the hospital: https://www.drbrownstein.com/coronavirus-ix:-what-to-avoid–ibuprofen–and-what-to-take/
Why is our society so fixated on drugs and vaccines when treatments like this are cheap, can't be patented, and work quickly without any side effects. I LOVE THIS GUY!
Matt, in the past you
Posted by steve101 on 22nd of Feb 2020 at 08:52 pm
Matt, in the past you were thinking commodities were ready to lead the SPX to the upside, and it turned out to be pre-mature. It may be close to the time to be monitoring this again. The CRB has been in an 11 year 73% decline. It looks to me like a large ABC pattern from its peak and that we are completing the 5th wave of the C leg down. This suggests that commodities will be the place to be and will outperform equities in the not too distant future. It certainly has my attention - grains, oil, nat gas, agriculture, gold, silver, etc.
Isn't this a buy signal
Posted by steve101 on 2nd of Dec 2018 at 06:29 pm
Isn't this a buy signal on GDX on PSAR BPGDM? https://stockcharts.com/h-sc/ui?s=%24BPGDM&p=D&yr=1&mn=3&dy=0&id=p95639397297&a=478831173&listNum=12
I clicked both its the
Here's my weekend newsletter
Posted by steve101 on 29th of Jul 2018 at 07:59 pm
I clicked both its the same for me. Not matching up.
Matt, the Audio file does
Here's my weekend newsletter
Posted by steve101 on 29th of Jul 2018 at 07:47 pm
Matt, the Audio file does not match this newsletter. Does not make sense.
Elliot Wave analyst Avi Gilbert
Posted by steve101 on 19th of May 2018 at 05:11 pm
Elliot Wave analyst Avi Gilbert sees setup for low in GOLD, GDX : https://www.gold-eagle.com/article/we-finally-got-our-pullback-gld
Eldorado announced on January 16,
gold stocks
Posted by steve101 on 14th of Feb 2018 at 12:22 pm
Eldorado announced on January 16, 2017, its operating results for 2017 and the 4Q'17. Total production was 84,063 Au Oz with an AISC of approximately $900 per ounce.
The company is suspending cash payment of its semi-annual dividend payment effective the first quarter of 2018.
EGO has total liquidity of approximately $730 million, including $480 million in cash and $250 million in undrawn lines of credit.
I recommend EGO as a buy accumulate due to an expected favorable decision by the arbitration panel expected in April 4, 2018. The company invested 1.5 billion into
3 mines in Greece, currently shuttered with the workforce laid off, until a decision against the government holding up final permits. The market currently values those assets at
zero, and a favorable decision with cause a big gain in price, perhaps back to the $5 over time.
Avi GILBURT GLD, Silver, GDX wave analysis on Nasdaq.com
Posted by steve101 on 12th of Nov 2017 at 07:54 am
https://www.elliottwavetrader.net/scharts/Charts-on-GDX-GLD-Silver-YI-201711061711.html?utm_source=DistrList&utm_medium=Web&utm_campaign=AviSPX
article on GDX by Avi Gilbert today
Posted by steve101 on 26th of Sep 2017 at 10:47 am
GDX with primary and alternate wave counts
Posted by steve101 on 8th of Sep 2017 at 12:13 pm
GLD with wave count. Long since Dec 19th
Posted by steve101 on 8th of Sep 2017 at 09:56 am
GDX chart with wave count and projections
Posted by steve101 on 27th of Aug 2017 at 10:46 am
lets try this link for Elliotwave traders GDX wave count since the other I posted isn't going to the link:
https://cdn77.elliottwavetrader.net/images/charts/201708/full-Tfj5InVT7VfKrrzhSF5na.jpg
Elliot Wave Trader GDX and Silver contract patterns
Posted by steve101 on 26th of Aug 2017 at 06:12 pm
Elliotwave trader sees one more corrective move in Gold & Silver, GDX then a wave 3 trending rally
https://cdn77.elliottwavetrader.net/images/charts/201708/full-Tfj5InVT7VfKrrzhSF5na.jpg
https://cdn77.elliottwavetrader.net/images/charts/201708/full-9I4Ctr7dVP76Ek6d9iVLq.jpg
https://cdn77.elliottwavetrader.net/images/charts/201708/full-D2MpZEpOEI1DwUf4hZFfY.jpg
Money managers near extremes on Gold long positions
Posted by steve101 on 26th of Aug 2017 at 06:07 pm
Source: Simple Digressions
The chart above illustrates the ratio defined as:
Long positions held by money managers in gold futures / Short positions held by money managers in gold futures
Now this ratio stands at 13.4 (the red circle on the right), a very close reading to that printed in early September 2016 when the precious market was topping (the red circle on the left). In my opinion, it is a clear sign of overly bullish conditions.
silver chart
Posted by steve101 on 14th of May 2017 at 10:12 am