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Post by radar on May 22, 2014 6:20:50 GMT -5
Platinum and palladium markets could be hinting at the next big moves......
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Post by radar on May 22, 2014 7:22:36 GMT -5
Platinum new 20 day highs! Could be setting up for a reversal though... New Momo highs shorter term time frame (gold)...
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Post by Admin on May 22, 2014 7:47:49 GMT -5
PMs refusing to roll over. Wow.
Radar, is it possible to edit the title to add "thursday" to it? If not, no big deal. I think people will figure it out.
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Post by simonsays on May 22, 2014 7:51:42 GMT -5
Oops. That post was supposed to be under my name not admin.
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Post by radar on May 22, 2014 7:55:59 GMT -5
I'm not sure how to do that! (Edit the title) SORRY!!! next time I will be sure to add the day of the week!
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Post by simonsays on May 22, 2014 8:01:03 GMT -5
No problem Radar. I went in as admin and couldn't do it either, so no big deal.
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Post by platy on May 22, 2014 8:05:35 GMT -5
Gold touched the top of the triangle.
Turn date this weekend. I'm guessing a false break of the triangle to the upside tomorrow, then drop to mid-June.
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Post by simonsays on May 22, 2014 8:06:02 GMT -5
I see exnihilo stopped by. Hi exnihilo, nice to see you! Looking forward to seeing some channel charts!
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Post by simonsays on May 22, 2014 8:11:47 GMT -5
Gold touched the top of the triangle. Turn date this weekend. I'm guessing a false break of the triangle to the upside tomorrow, then drop to mid-June. Not sure why, but my feeling is that we do break upwards as well. I think it's the relatively stealthy buying of GDX. Do you have a target for the top of the break up Platy before the reversal down? |
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Post by platy on May 22, 2014 8:15:21 GMT -5
Gold touched the top of the triangle. Turn date this weekend. I'm guessing a false break of the triangle to the upside tomorrow, then drop to mid-June. Not sure why, but my feeling is that we do break upwards as well. I think it's the relatively stealthy buying of GDX. Do you have a target for the top of the break up Platy before the reversal down? Maybe 1310-1315? |
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Post by CEDRIC on May 22, 2014 8:19:34 GMT -5
Hi guys ! platinum break above traingle sounds good  I think gold and miners will go down very quickly to triger stops then huge run up coming trust platinum and palldium is leading the way me think money s coming my firend $$$$$$$$$$ time foir drink at nickolaos in grece and vodka parteyyyyyyyyyyyy here !!!! ah ah ah !!!! sea too hot, need a fresh vodka cheers all ! |
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Post by simonsays on May 22, 2014 8:23:11 GMT -5
Not sure why, but my feeling is that we do break upwards as well. I think it's the relatively stealthy buying of GDX. Do you have a target for the top of the break up Platy before the reversal down? Maybe 1310-1315? That would also work from the cycles perspective outlined by Likesmoney as well, I believe. The problem is that we are approaching DCL timeframe, so a continuation down would likely be in the form of an ELT next cycle. This DCL would therefore not be an ICL (I think). But personally, I'm not sure cycles theory is providing any edge in this choppy market, so I'm not sure it matters. I expect there may be some rephasing occurring after the fact. |
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Post by simonsays on May 22, 2014 8:26:16 GMT -5
Hi guys ! platinum break above traingle sounds good I think gold and miners will go down very quickly to triger stops then huge run up coming trust platinum and palldium is leading the way me think money s coming my firend $$$$$$$$$$ time foir drink at nickolaos in grece and vodka parteyyyyyyyyyyyy here !!!! ah ah ah !!!! sea too hot, need a fresh vodka cheers all ! I really need to get to Greece! Pics I've seen are beautiful. How's the inflation, Cedric, priced in vodka? |
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Post by platy on May 22, 2014 8:31:59 GMT -5
Jupiter-Saturn trine this weekend gives gold resistance at 1309.
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Post by simonsays on May 22, 2014 9:33:54 GMT -5
Looks like today is shaping up to be more grind and chop. Here is an interesting article on gold mining and royalty companies for anyone interested. www.theaureport.com/pub/na/16034 |
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Post by exnihilo on May 22, 2014 9:46:31 GMT -5
Hi all-
Glad to see some familiar folks! Look forward to posting here... On the road until Monday but keeping an eye on the markets...
Pms continue to confound but Spitz' turn date may be the guiding light...
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Post by simonsays on May 22, 2014 10:10:02 GMT -5
Here's an chart of uranium's bellweather - Cameco Still plenty of room for more downside, with support around $18 and then slightly lower. When it does turn, there are many little jrs that could see large price increases. I've been compiling a list of prominent explorers in the newly discovered high grade area of the Athabasca region in Saskatchewan. For now, the price of uranium is tanking and I think we need to see more economic hard times in Japan and higher oil and gas prices (seems to be occurring) before uranium takes off. But eventually supply/demand issues should drive that price higher.  |
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Post by radar on May 22, 2014 10:24:42 GMT -5
Platy if your turn date over the weekend is a high for gold (and it looks likely), it could be a nice short against a 1315 or thereabouts. And I think the opportunity exists in the overnight market (GLOBEX).
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Post by radar on May 22, 2014 10:50:45 GMT -5
It's interesting watching the coils continue to build in gold and silver. It's as if the "condition" is it's own animal. With, (sniff sniff)...feelings....(sniff sniff).
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