An update on the monthly charts for gold, oil, and the US dollar
As we move into May we recap a number of month charts. The monthly charts are crucial for longer term price trends so at the start of the new month it is important to see what the changes in momentum and strength.
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typo: your
VAC.TO……….stock of the day…………….UP 3900%……..ONE DAY….. ๐
this stock (scivac) just split 1 for 40 shares. no big deal here. I have some of these shares & I hate reverse splits!
Now you have 40 x more paper……… ๐
Love Bird but hes been wrong and then some.
Things are looking a little tired but no wipe out…..yet.
Agree on oil! too
Thanks Doc Cory Al.
Good point he certainly has been dead wrong for a few weeks now, but might be right on this one. Having said that so might Rick and Doc on a $1,380-1,450 gold price. In that case DUST will be dust and a buy at around .68 cents. Today Peter Hug said that a lot of old gold longs who were burned from 2011 could be exiting now because they are cutting there loses on long term bets on the gold price. So much noise on all sides that it makes it near impossible to know what too do!
That is why CONFUSED – u stick to ur LONG TERM convictions – people who GET OUT OF THIS MARKET NOW – have NO IDEA why they got in in the First place. I fell sorry for them because THEY ARE going to lose alot of money……PEOPLE “THEY” DONT RING A BELL AT THE TOP OR BOTTOM!!!!
+1
Glad u agree. HANG IN THERE!!
+2. Sell in May and go away or just go away is my choice. Best, A
+++++sdmarc………..
oh, JTHELONG
That’s strange, I thought that they did ring a bell!
๐
Of course there will be a MAJOR correction and probably sooner than later.
You have to decide if your a trader or in for the longer term bull market…
Today is a mixed bag. Those stocks are very tired….
IMG for example…in the context some have barely moved. sorry about my crushed annotations on the expansion. I wouldn’t sell any….
http://stockcharts.com/h-sc/ui?s=IMG.TO&p=D&yr=9&mn=6&dy=0&id=p29571792498&listNum=1&a=452545370
Trader or holder, that is so correct!
hoarder
Think for yourself as I am sure that you do!
Not wrong! (just early) ๐ ๐
You are welcome, Billy
No doubt Da Boyz are putting band aids on the $USD hemorrhage – 52 week lows this afternoon.
I really believe this is a”ROTATION” devaluation play by the central banks!! 2016-17 is the US DOLLARS turn to get a “arse whiping”!
Respect for the The monthlys particularly the metals/shares has saved me 6 figures the last 5 years.
I’m now a long term investor, however, having said that I will take profits on stocks that go parabolic and I just did on one of my PM stocks that is selling off today. I had a large position and technically it did not make any sense to hold on to it. As some these stocks now top and move down it’ll allow me to purchase some more shares in stocks that haven’t gone parabolic and technically look strong. Also, I have the option to purchase back the company that went parabolic at more conducive prices when the stock moves back down.
GPR blew a tire today….down -%13 ouch! I image it will trim another %20 before becoming a deal again.
GPR earnings are Wednesday after market close, so there may be some volatility then. After the last 3 earnings releases, the stock did very little, regardless of the numbers. Wait and see, I guess.
Are you referring to Argonaut Docร
gpl, Aida.
Doc –
Check RED EAGLE..they go in to production next year!! Still a lot of room to run?? What do you indicators say?? A Moriarity stock and IVAN LO (The Equadia letter) just did a VERY DETAILED analysis of it. LOOKS REAL GOOD…..POSSIBLY a “MINI-PRETIUM”???
TSX……..off to the races…….up 23% today……….61cent. Sinclair is in the money. ๐
With the fabulous trimester the metals/shares have enjoyed, it’s nice to have a reserve stash of cash for the next move up. Inside IRAs and no tax consequences is the most satisfying part of the moves up.
Bull market in the dollar is over……..per GS today
Why isnt RYE PATCH catching a bid???
Jerry
GS?? Sorry losin it!!
Gary Savage…..I promised not to mention his name… ๐
Mention all you want, OOTB
Just trying to keep the peace………… ๐
Rye patch sounds like an alcohol still..in need of a repair………. ๐
Rye Patch – Rye Whiskey. Goes down smooth as a NSR from Coeur, comes out as a rough patch…..you may find yourself stumbling through a Rye Patch in the wee hours, doing a little pan handlin’…….
Re Rye Patch methinks the predators are circling.
Doc and Rick calling for higher gold…I think it really depends on the time frame you are talking about, which is not clear in your podcast….we will see what happens over the next few days, but consider that in GOLD there is a shooting star candle stick which is typically a reversal indicator (lets see what the next candlestick is on Tuesday). SILVER there is a dark cloud candlestick which also typically is a reversal pattern. So, for the immediate time frame, there is a very high probability that both gold and silver are going to pull back. This could be a massive retracement of recent gains or it could be just a minor pull back before continuing the bull run to higher prices. I tend to think it will be the latter, which presents an opportunity to make a short term trade in DUST and then back into NUGT once the bull returns. I am currently long DUST..so we will see if I get stopped out or make a bit of a profit. If you can add some info regarding the timeframe you are talking about in your view that PM are going higher it would be greatly appreciated.
We are in the VERY VERY EARLY stages of the next PM BULL….why complicate it….the market is doing things isnt HASNT DONE IN YEARS.
ditto
Dollar down…..gold down……….something wrong.
Doc:
Thanks for you analysis Friday about my corn question.