JAY_c5velm

JAY_c5velm Updated 

Move is not impulsive at all. But it will continue up. I expect it could only fill the gap at 40$ and then "finito". Time is mostly the same: second half of September. Gold: about 1910$ (futures) After this, another drop. and probably visit the previous lows, or could even go lower. Slow Show (The National) www.youtube.com

JAY_c5velm Updated 

Autoexplicativo. The Wedding party www.youtube.com

JAY_c5velm Updated 

Someone noticed the other day (User "salvanost") the fact that gold is making 5 bear MONTHLY candles in a row. So I wanted to know how strange that event is, and I checked and did some numbers and observations: 1) I just counted 5 TIMES in the pass that gold made 5 candles or more (6 is the max I found). Never found 7 candles in a row. 2) So we are at the door...

JAY_c5velm Updated 

Chart is in GOLD FUTURES price. So for cash gold, just consider AS NOW, about 15$ less. Three possible scenarios: 1) This leg ends final August, corrects and continues higher until beginning Octuber. Then falls. 2) This leg ends final August and falls. 3) The third (not drawn) is that it continues from now till end of September- beginning October and falls (this...

JAY_c5velm Updated 

New cycle up is here in the sector. Major important bottom and miners will again move up for weeks. Acording to what i expect also for gold. A top will be around 45$ filling the gap there at the end of August, but could be extended in time to mid september also. So don´t short or you´ll find your Death in Las Vegas, gamblers... www.youtube.com

JAY_c5velm Updated 

Main TREND is DOWN. So every major (weekly) tpo should be considered a golden opportunnity to make money. From my analysys, there are about 4 weekly trends (on average). Some years more and other less. I believe we are at the bottom of the second with gold at 1730. It could go lower today or not. We are at a turning point, which means if you long and market goes...

JAY_c5velm Updated 

Collection of Gaps...Would they be filled? Would gold drop to pre covid levels? If the previous chart was bearish...this is even more. Grizzly Bear. www.youtube.com Enjoy the song.

JAY_c5velm

Oil about to fall. Target between 61-63 as chart (more or less) Time: From the last week of August till the last week of September. So Price of Gasoline would stop rising. Bloc Party www.youtube.com

JAY_c5velm Updated 

Main TREND is Down. But this area is a battle field, and range will continue. So two possible scenarios i track. Both bullish but corrective moves in a downtrend. 1. Gold moves to 1860 again and in Mid July tops and comes down again. 2. Gold moves up to 1880-1890 again till end of the month and comes down aftrwards. Only if next Tuesday gold moves down sharp...

JAY_c5velm Updated 

Main trend still bearish Short term bullish. Max target i expect is about 37,5$. If goes over it at 38,5$ should be extreme. This could happen about mid month July or end the month. Then short again.

JAY_c5velm Updated 

Several things to consider. - Expect a bottom beginnig July around 1680-1700, than would take GDXJ to 31$ - That means shorting now is alow risk (always some) because we should see new lows. Less than 1.785$ soon. - After that bottom the market has a high probabibilty to move up for a few months. 1680 $ is a very important leve of support and should take some time...

JAY_c5velm Updated 

This will finish this leg down, and market continues to be weak. Also gold (of course). So that is what is prudent to do and unless those targets are reached earlier than expected, I will take out my short prosition at that level and wont expect further downside for now. If that happens, I still think that even if gold and miners move up again, the still could...

JAY_c5velm Updated 

Gold will continue its downtrend. It could stop soon, around 1790$, and move up for a week or two and reach 1.860$ Then it will go down again, with the same strenght to find the 1680 level. And timing...pretty fast, it could happen in less than two months. And now the band (great band) Death Cab for Cutie. And the song Transatlanticism Hope someone enjoy the...

JAY_c5velm Updated 

Soon will begin the final leg down in the sector, that could take GDXJ to 23 $ level. After that we have to see. At some point this year, could see a multiyear bottom in miners. That will mean that I thnik they will begin to outperform gold. So, in cycles up, they will rise huge. And in cycles down, the will fall, but not making lower lows. But that is still to be...

JAY_c5velm Updated 

Depends on the resistance gold finds in the way down, it could be as early as end of May or as late as end of June. But Gold is going down. 1780-1790 is a major support. So there gold should take a rest and move up for a while before another push down. Lets see how things goes. Way Down in the Hole Enjoy Tom Waits (& The Wire if you have not seen it) www.youtube.com

JAY_c5velm Updated 

I didn´t expect such weakness in the previous idea. The move is being very intense, and it can continue in the same way Before de month ends, GDXJ about 40,5$. Then, there could be a move up to the 45$ before another push down to the 32$. And all this could happen during the month of May. Caution

JAY_c5velm Updated 

Oil cycle down has begun. 92$ next week very probable Going South Main Direction for months to come

JAY_c5velm Updated 

New cycle down in the sector: gold and miners. This are my targets for the next two weeks. The first two hight probability The last one (40) could be reached,If not from this drop, from the next one. GOLD ALSO DOWN 1920 1860 1820 targets