jangseohee

Gold bug channel

INDEX:HUI   Gold Bugs Ndx
442 35 10
2 years ago
This gold             bug index really has a silver             mirror attached to it at 146.8
The 311.74% increase from 2001 to July 2002             can be projected almost identically by using reflection which resulted in same % of price target hitting around 600 before it collapsed. If the current narrow downtrend channel is valid and price broke below 146.8, the next cluster of support would most probably be around 125-130.

a year ago
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10 months ago
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7 months ago
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jangseohee
2 years ago
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jangseohee
2 years ago
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jangseohee
a year ago
HS broke down
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jangseohee
a year ago
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oh dear
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jangseohee
a year ago
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IvanLabrie TOP jangseohee
a year ago
Excellent...a neutral triangle :D
It makes sense now, I always was confused by H&S in a falling trend like this.
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jangseohee
a year ago
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now the H&S downside target reached, what's the next move?
big picture
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Babar PRO jangseohee
a year ago
wash and repeat..
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jangseohee
a year ago
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Babar PRO jangseohee
a year ago
GDX is volatile one, does not mean anything.... you have to watch for XAG on that 15.50-15.90 range IMO
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Babar PRO Babar
a year ago
i sold most of my longs friday and yesterday anyway, will see how this week closes
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Babar PRO Babar
a year ago
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jangseohee
a year ago
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JohnKeverich
a year ago
Hi. I used your favorite tool to analyse HUI and SPX, and got some interesting results. It looks like HUI may have a little more room to fall, or alternatively SPX has a little more room to rise before a long-term top.
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jangseohee JohnKeverich
a year ago
well done John,
but remember, ratio can be rather tricky at times.
we need several good breath indicators to nail down the actual turning point base on confluence ^_^
nice work
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JohnKeverich jangseohee
a year ago
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The area I marked as purple circle seems like a good spot to go long HUI/gdx. I think there is a decent chance HUI will hit a multi-year bottom there. Then we just for spx/hui to take out the previous local bottom to confirm change of trend.
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jangseohee JohnKeverich
a year ago
the same for GOLD
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JohnKeverich jangseohee
11 months ago
Looks like this rising channel will be tested soon
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2use JohnKeverich
7 months ago
How does it look like now`?
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jangseohee 2use
7 months ago
@2use, i believe you are asking JohnKeverich?
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2use jangseohee
7 months ago
Yes, but i follow this idea as well :)
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JohnKeverich 2use
7 months ago
It looks like a change of long-term trend
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jangseohee JohnKeverich
7 months ago
Good morning @JohnKeverich.
it looks like another head & shoulder!!!
i am expected a right shoulder
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JohnKeverich jangseohee
7 months ago
Possible, and it will be a great buying opportunity
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2use
10 months ago
To the last update, - that is indeed an interesting congestion place.
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jangseohee 2use
10 months ago
should go up base on the price action, until proven wrong
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CosmicDust
10 months ago
Need inflation expectation to rise.... Judging by TIP, it is improving but not confirming yet.

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jangseohee CosmicDust
10 months ago
i have neglected this for quite sometime
there is another way to measure inflation/deflation
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and latest update

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IvanLabrie TOP jangseohee
10 months ago
Nice analysis.
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JohnKeverich
10 months ago
So HUI closed above previous swing high - hasn't happened in a long time. Paradigm change? Or perhaps the traders just overreacted to this week's dollar volatility?
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jangseohee JohnKeverich
10 months ago
Hui has been accumulation phase for past few months as can be seen from my channel bottom, i guess more upside after slight retracement
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JohnKeverich jangseohee
10 months ago
The interesting thing is gold and silver have yet to exceed October highs. This makes me reluctant to think that the metals have bottomed.

If they start consolidating at these levels, I'll start shorting.
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jangseohee JohnKeverich
10 months ago
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JohnKeverich jangseohee
10 months ago
I'm looking to buy DUST around 7-7.50
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jangseohee
7 months ago
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