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Spanky
Spanky
I Never Sleep!
Last Activity: 05-23-2019, 04:10 PM
Joined: 03-18-2016
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  • Spanky
    replied to Thursday,May 23d.
    Today was probably the day to get out of GDX before it plunges to $17. I mean, what an epic, epic fade. Absolutely hideous candle. In the face of gold...
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  • Spanky
    replied to Thursday,May 23d.
    Based on today's insane fade in the miners, just as the Dow popped 100+ pts in about 10 minutes, makes me think the Dow will be up 1000 pts tomorrow....
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  • Spanky
    replied to Thursday,May 23d.
    Someone sold the ever living sh!t out of the miners today. Talk about a fade. What a POS sector.

    tomorrow is almost surely going to be down,...
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  • Spanky
    replied to Thursday,May 23d.
    Ugly EOD action in GDX and across miners. you are damned if you do, and damned if you don't with this godforsaken sector. The miners absolutely suck....
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  • Spanky
    replied to Thursday,May 23d.
    Like clockwork, as soon as NYMEX closes, gold sells off. We'll see how she closes, but I am weary. Also, miners putting in doji's right now.
    ...
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  • Spanky
    replied to Thursday,May 23d.
    here is more WTF chart action:

    ...
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  • Spanky
    replied to Thursday,May 23d.
    Not denying my rantings ramp up near near term lows, the $billion question is whether this turns into the real deal, or ends up with Lucy yanking the...
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  • Spanky
    replied to Thursday,May 23d.
    There are plenty of reasons to be cautious if you are a metal bull still, in my eyes:

    1. Yesterday, $gold put in a rare black candle on the...
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  • Spanky
    replied to Thursday,May 23d.
    This is pretty darn significant, IMO. Obviously, a lot will depend on how this week closes, and yes, of course we could break below the cloud at some...
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    Last edited by Spanky; 05-23-2019, 10:55 AM.

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  • Spanky
    replied to Thursday,May 23d.
    Maybe the Fed hints at a rate cut or even QE soon? If the US stock market manages a post 2008 or 2002 ramp from current levels without additional stimulus,...
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  • Spanky
    replied to Thursday,May 23d.
    Gld is hitting resistance at the 10 dma currently. That MA is so clearly vital to get above to legitimize this pump.
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  • Spanky
    replied to Thursday,May 23d.
    EXK's daily chart is surreal for a few reasons. It hasn't tagged its 20 dma for 39 or 40 trading days. That is pretty insane. Second, note the ridiculously...
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  • Spanky
    replied to Thursday,May 23d.
    here's the problem with Yen: the weekly Ichimoku cloud is not suggestive of any imminent breakout. Now yes, it COULD break above the flat top of the red...
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    Last edited by Spanky; 05-23-2019, 10:06 AM.

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  • Spanky
    replied to Thursday,May 23d.
    I really pray that you are right. Like I said, gold has no business whatsoever going lower in a natural market, IMO. If it is going to roll over in...
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  • Spanky
    replied to Thursday,May 23d.
    Dow breaking below cloud support on the daily chart today. Color me a little surprised. Still, that is not the all clear to short away, what with the...
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  • Spanky
    replied to Wednesday,May 22nd
    $USD is primed for take off. 20, 50 and 200 WMAs all bullishly aligned now, we are just getting a golden cross. Weekly MACD flat for over a year with...
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  • Spanky
    replied to Wednesday,May 22nd
    GLD's 50 WMA looks like it will cross below the 200 WMA in a week or two for the first time since.... 2013. I mean it doesn't get anymore bullish than...
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  • Spanky
    replied to Wednesday,May 22nd
    $gold closed with yet another black doji on the daily chart. I am into hope and fantasy, but even I don't think the 1267 swing survives. Tomorrow could...
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  • Spanky
    replied to Wednesday,May 22nd
    Down 13% in 6 weeks, and it looks like it's on the cusp of breaking down bigtime....
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  • Spanky
    replied to Wednesday,May 22nd
    If $silver breaks to new multiyear lows, absolutely, SILJ could go to pennies.

    It may take some time to get there, like a few days, hahahaha,...
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