OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

You have to be tough to be tough and resilient and at least abled bodied  to live in Texas.
a friend told me the other day power was out somewhere and  storms came in. Now she has to climb the roof and far it cuz it caused a leak.
Has a injured hip from being T-boned from a car but gonna do it herself. She’s about my age. They’re do it yourself people but her husbands knees are out right now.

She’s  got to figure out how to get the tar up there with her injury. I suggested  a rope and she goes uo first so that hot tar don’t fall on her. Any one got a better idea let me know.

Now a tornado hid another part. If anyone lives around there and had anything to donate or can help with shelter they’re needing help,

Talking toward the end of chart, the red line is resistance. The little green line with stop under it is support. I guess some don’t  understand support so he just puts stop.
It seems to be following the 90 MA pretty well, the colored line under the candle sticks.
I do like the last 5 day candle sticks with a bullish clear “ white” candle 1 and 5 and in between the red candies. Resistance showing down trend the red line right above it. Clear candles meaning it stated low ended higher with buying and vise versa for red.
Should  of went to the water park but his dad took him.

Looking back at the chart I’m trying to see what not self explanatory. I don’t know how much you know about charting it occurred to me. Even support over sold or  resistance over bought. Support is bottom. Like like a ball bouncing off the floor and when it hits the ceiling that’s resistance. Now it it has enough force to blow through the ceiling it had a new high in store “ in most cases” and now the ceiling is the new floor or support you don’t want to let it breach or go below that.

PS he didn’t do that chart as past tense it was there and up grades  as it went along.

If it breaches support Down!

TA is a horse of different color. It’s for active traders who know unforeseen events could happen on a dime either in a particular stock or economically. Also not all chartist  are the same, In TA they don’t generally buy and leave it there. That’s where talking heads do their damage to longs on speculation like gold,  Dow whatever  to the moon so just leave it there. Gold will be 5000 by this date. Gold will be 10 thousand by that date. How do they know? Apparently they don’t. After the crash of 08 Armstrong did a 180.
In TA you have stops so the trade turns you turn with it. I think the difference is with PM stocks many never recover in their life time of hold you hostage in hopes you’ll just break even with mostly the minors. I think people are attracted by the low price but will do you no good if the timings wrong and most not meant to hold long,
It took 30 years for gold stocks to recover from the last high in 1980 before a new bull run. Those who bought at the top had a long time to wait and who knows what happened to a lot of those stocks. I found some years back that survived and they were higher then than they are now with gold being higher now.
I can understand what your saying but it’s meant for active traders who watch support and resistance and sell if it breaches support and not try to reason with it.

Thanks for the replies, but I don’t think you answered my question.  What is the reverse he’s talking about? Down or up from here?  Is he expecting something coming along that will take us down hard or shoot up?

With the BRICS Summit on the horizon, expansion is set to be a vital talking point. Moreover, as interested nations continue to grow, Russian Deputy Foreign Minister Sergey Ryabkov says that 20 new countries have applied to join the BRICS alliance.

20 New Countries Apply to Join BRICS Alliance

Another one … https://t.co/8Fs9C278zr

— Willem Middelkoop (@wmiddelkoop) June 15, 2023

“Rickard’s date” I’ll mark that on my calendar!

This whole introduction of competing currencies to the dollar is like uncharted territory. Looks like most of the world is joining up with the BRICS … by population, industry, natural resources etc.

Couldn’t be good for the dollar!

I was kinda side tracked with a youngster grandkid wanting to go to the water park. I had to look this up. He doesn’t recognize my name  by goldielocks but my real name or maybe email “ partial but not all ladygoldbug but you can ask him yourself. I used to have his news letter yrs ago but just for his input on what’s going on and didn’t take advantage of his charts that hit their target 99.5 percent but he also out stops ,  but stopped trading for awhile. He’s only got better in time.
I looked him up couple times and talked to him awhile back about sharing his charts with you guys and he said it was okay.
One of those times  a while back now he was still bullish Gold and told me to watch the Vix  If you don’t read charts tell him so he doesn’t refer to its relevance.
But you want can message him here on stock charts about the message you might have to refer to.
https://stockcharts.com/public/3267041

“Don’t shoot the messenger.”

… and the message is from someone doing TA. Having seen TA fail to predict the future so many times I am wary of putting much trust in it. It’s great at showing what has been happening but beyond that not so good.

Stop loss or trailing stops even you do stops by the day. The SM is getting ready this year and likely pull pretty much everything down with it initially.
DOYDD but you can watch his gold chart and support, resistance as a guide.
He mentioned QQQ but only in reference  to what he heard,  is now only about 2 dollars below that number. Kinda bums me out because I was going to buy a few stocks today but might anyways and put tighter stops on them hoping I give enough room for daily morning volatility. Then my luck it will trigger but I guess better than not.
Most think including him that it could  happen later this year but now he’s on alert. He can read charts like the back of his hand. I don’t know if it’s because of what someone said or what he saw except you can see his chart. If it moves out of that pattern fine but if it doesn’t you’ll know. Even when he was sick he was still charting,
He gave his likely target for that scenario.
Then now when July hits here comes the Fed who delayed this hike for then???
Like he said just be careful.

This is a quote from 13:52 post:

“4:30am- Just keep those stops in every day. You can always buy it back if you like. At some point this market’s going to reverse hard. I’m hearing QQQ 372 might be the trigger, so be careful…”

“…reverse hard.” Reverse which way? Reverse down in the D decline showing potential on the chart, or reverse up from it’s decline? I’m confused. Not that it matters much; I’m not buying or selling anything now or anytime soon, I don’t think.  But I’d like to understand it better.

A few months is my gamble as well. Rickards, is he ever right? 8/22/23 is D-Day.

Read the headline of an article that said the Asian Nations were joining Iran’s SWIFT System for currency transactions. They trade in gold – all of them. Wish I could find that article and post, but I don’t know what that looks like, in terms of trade.

I feel like the Fed/Powell is almost trying to prep us with higher rates and the USD could follow but the dollar would lose value against everything but the fiat in the USD Index. Still, unable to trade with the BRICS based currency? How would that work?

News is hard to come by on this subject, course truth is out of fashion in the media.

Anyone remember back around 2007 Armstrong said gold should be at 5000 by 2o12. How many planned their retirement on that. Then he did a 180.
What you did yesterday is where your at today. Are we going to do today for tomorrow  what we did yesterday if those choices or beliefs didn’t work out? Maybe and most likely if we took our original path it would of worked out better.
I see the move of the market but I’m putting in stops even if manual . I will not let them put my life on hold for them or pay them to lose money. I didn’t put my future on the stocks I held on false information but it sure didn’t help, and  a test and a reminder why you don’t trust them.

Don’t shoot the messenger. it’s not me or the chartist that is doing it. None of us are pro gov corruption marxist or on the side of dollar manipulation. I personally won’t marry any stock that don’t  even know your name and give up gains hoping they’ll do the right thing. The ones I never sold are worth nothing now. They never do unless for their benefit and they can’t even get along with each other or bide by any treaty’s or promises because they always change their mind as to string people along or where ever the political winds blows. Their word means nothing.

Pines explained to Voice of America that there has been a shift in the thinking of some Israeli analysts who see China, a significant partner of Iran as well as the Palestinians, as largely benefiting the region with its actions. “It is so rare to have in the Middle East a major country which is really neutral, which It is not engaged in… it’s neither pro-Israeli, nor pro-Iranian, nor pro-Saudi, nor pro-Egyptian. It is just a neutral country interested in economic ties with all parts of this very complicated Middle East equation,” he claimed. The academic added that Beijing may be the only country in the world capable of brokering a peace deal between Israel and Iran.

https://www.zerohedge.com/geopolitical/us-pressures-israel-decrease-ties-china

Alex Soros Vows To Eradicate Conservatives From the Internet: “I’m 100 Times Worse Than My Dad”

Alex Soros Vows To Eradicate Conservatives From the Internet: “I’m 100 Times Worse Than My Dad”

Time will tell my friend.

A few months down the road we’ll see what’s happened. If my positions in the shares get clobbered … so be it.

No chance I’m selling anything. I’m in for the duration.

If you’re trying to buy low … this looks pretty low to me.

zero interest, and why would there be? The metals can’t stay up. Silver can’t even go positive on the day.

The gold shares are all over the map, the silver shares are trending flat.

Worse than all this, the USD and 10 yr. are down nicely!!

Either this is the last ditch effort to throw every last goldbug out of the market before they let it go, or pm’s are the biggest lie on the planet, at least price wise.

When will the metals notice that the dollar was down 1/2%?

This is literally the only asset class that doesn’t respond to the underlying metals, and really the only asset class that that didn’t rally today with the falling dollar?

It was nice that gold came back a little, but this wasn’t a bottom forming reversal, especially in the shares, but in silver too.

So says me, the guru.

And who knows we’re that spending will go besides the normal Marxist expanding of Gov or how much of that perpetual war money is changing hands.

Be careful right now. Having the phyzz in hand only you can liquidate.
Robert is one of the best chartist out there and if he sets a warning I pay attention. Doesn’t hurt to set stops and not get too exuberant.
We might be heading right in a D decline. Here’s what he posted and he’s right about the Fed too.

Buying GDXD here.

4:30am- Just keep those stops in every day. You can always buy it back if you like. At some point this market’s going to reverse hard. I’m hearing QQQ 372 might be the trigger, so be careful. The funniest moment is when Powell yesterday said that telling Joey B that government fiscal policy needs to be tamed down said, “IT’S NOT MY JOB”. That says it, Powell is a tool. I’ll bet 98% of the audience here, which is very smart mind you, DO NOT understand that the recent “Bipartisan Debt Deal” RAISES government spending to an ONGOING pre-pandemic rate. This country is so lost it can’t even tie its own shoelaces. That’s my two cents. Use stops. It’s too early to short, that’s coming, perhaps during later August. It looks like gold is in a D-decline (below $1930 it will be for sure), so find something else to trade