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Gold swoons while silver resumes fierce rally

Discussion in 'PM Trading/Stocks/Technical Analysis' started by andial, Jul 12, 2016.



  1. andial

    andial Sir Midas Member Site Supporter ++

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    What gives why the broad shoulders for silver while gold rally fades away?
     
  2. solarion

    solarion Gold Member Gold Chaser

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    Gold is overvalued relative to silver. The situation is being corrected.
     
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  3. REO 54

    REO 54 Midas Member Midas Member

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    Send $20 for my newsletter and I'll tell ya all about why it is.
     
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  4. smooth

    smooth Gold Member Gold Chaser

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    You are celebrating the entrance into the normalcy realm .Lets just hope that the pendulum keeps a-swinging
     
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  5. Zed

    Zed Size doesn't count! Midas Member

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    Well... normally I'd say bash gold cover silver! but it would seem that no longer works that well + well, the comex looked like a normal orderly sell off today. You know, like a proper market... no suicidal leaps out no where. It would appear to be trading like a proper market, just right at this moment. SO... I guess, maybe, just maybe, we are seeing the nascent indications that proper price discovery might, just maybe, be on its way. Do I sound tentative? LOL.
     
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  6. Zed

    Zed Size doesn't count! Midas Member

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    This is GIM pal, watch your language. Normalcy... pppppfttttttttttt!!.
     
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  7. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    You're right Zed. I mentioned in another thread that the market appears to have changed structurally. It's trading more orderly if that means anything?
     
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  8. GOLDZILLA

    GOLDZILLA Harvurd Koleej Jeenyus Midas Member

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    I'm going to guess that it has something to do with industrial demand. Factories are hiring like mad and trying to ramp up production for some reason - just like 2007/8 just before the bottom fell out. Maybe a dead cat bounce for industry ?
     
  9. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    Looks like people with cash are trying to put it to work or buy stuff. It's not worth it to put in the bank and the stock market is sketchy.
     
  10. Zed

    Zed Size doesn't count! Midas Member

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    I dunno, I'm just so used to seeing that Comex plunge that it stands out like dogs balls when that period trades smoothly in a sell off. I guess that the gold traders discovered prozac and are no longer prone to jumping out of windows?! Something is changing!
     
  11. Montecristo

    Montecristo Silver Member Silver Miner

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    It's interesting that gold is soft, but silver and the HUI are holding firm.
    Something is going to swing before too long. I'm betting gold is the leader this time and the other two will fall into alignment early next week.

    Although, we just had this newest terror attack in France, that could be a catalyst for gold to catch up.
     
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  12. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    I am going to maintain that a correction will be along one of these days, and should be soon,

    Too much overbought pressure everywhere IMO,

    we can see on the HUI that it is flat topped, and just itching for movement one way or the other,

    1.png

    GDX, same thing


    2.png
     
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  13. smooth

    smooth Gold Member Gold Chaser

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    Personally I like the fact that the HUI, Gold and Silver are basically holding the line. I think it's quite possible that we might take the next hill. AG $23 AU $1400.. then possibly some correction. This move seems healthy to me, but what do I know.
     
  14. Zed

    Zed Size doesn't count! Midas Member

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    Coupla weeks.... at the most. Well mebe three. :shit happens:
     

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