Loading ...Maddog
Well you certainly could be right as I have been wrong often enough to be cautious. Still I will carefully watch the shape of this rally should it come here. I know I am too conservative at times, but I have been investing in pm’s long enough to know long bear markets can affect your quality of life.
aurum
Actually buying the open?
That’s highly unusual.
I can’t imagine what France will look like in 20 years
Visegrád 24
@visegrad24
BREAKING:
The Law Commission of the French Parliament has adopted a bill that will grant the right to vote and stand for election in municipal elections to non-EU foreign nationals residing in France
The French Parliament will now vote on it on Feb. 12th
aurum
Tks ….see my addition regarding the wave sizes….that the C waves are so small could be super bullish….and as we have such good Fib fits, I think the count is good….we now wait to see.
That the wave particularly in AG is so large in price, might mean it is all of the correction.
Cheers
Maddog 8:54
The down can be counted as you have shown (although a 5 wave count down is also possible), regardless though it is likely imo that it is just the 3 or 5 wave A. If so, the B wave should using the rule of thumb retrace half of the A wave and then again using the rule of thumb the C down should equal the length of the A. I know you are aware of this but I post it for an IMO for the others.
aurum
Lets see what we have in terms of Fibonacci numbers in a poss A-B-C retracement in Au and Ag
A dn = 50.25 Dollars…B up = 19.8 or 38 % of A, perfect Fib No
C = 28.18 or 0.56 of A, and 1.42 times B, again a near perfect Fib
A = 1196.35 $ B + 689.55 or o.57 of A not far from O.62 Fib
C = 436.66 or 0.62 of B perfect Fib and 0.36 of A….v near 0.38
plus each wave so far has been 3 days an exact Fib No……
Was this all of a Larger A wave down and we now rally in a larger B …twds recent Hi’s or was it all of the correction time will tell, but the perfect Fib No’s say and entire dn wave has been completed…..and in 3 waves…which confirms a corrective wave only …..again O/n action suggests we are done down for either a while or longer….
If this scenario plays out the fact that the C waves are both smaller than the A waves, especially so in Au…..is a v bullish sign …in Golds case super bullish.
More Somali culture on display
Ilhan Omar’s Winery Exposed As Fake Shell For Alleged Money Laundering
https://www.zerohedge.com/political/ilhan-omars-winery-exposed-fake-shell-alleged-money-laundering
SLV broke the 50 dma yesterday
Would really like to see it bounce back above today, but it’s another buck and a heavy lift.
Not that charts have been uber reliable as of late.
Gold is a stud though, it doesn’t want to break the 20 day.
We seem to have the dollar at our backs for the first time this week.
Didn’t realize how badly they wrecked silver after the SM close last night
The ridiculous Shanghai (I’m calling it that now) put their heads together and gave us a pm fix last night of $82.42 after an overly generous (to the shorts) am fix of $76.83. It’s become clear that there’s very little difference between exchanges as they both answer to big money interests and will direct prices in favor of said interests. Markets aren’t markets they are directed money flow agents of the decision makers, who are the tools of the powers and principalities who run the actual world.
So, after pondering all that, I decided to take a look at the pre-market shares to see what the powers were going to give back after yesterday’s drubbing, (since they’ve been so generous with the metals thus far) and it appears they’re offering the usual 10 cents on the dollar.
That is, if we survive the jobs report.
