Member Info for bonker99

Thanks for that Gav.

Yup, four weeks to go, plenty of money going into gold miners right now although the SPs are being held back as you'd expect to let the big guns accumulate before the end of June.

Gold hot on the daily RSI so could either fall to pieces rapidly, or, given the current macro, go well north of $2k again - she's not exactly falling to pieces so far.

Morning - so far, so good at ARB :)

CEY going over the top @ >123p perhaps - 130s/150s??

Talked myself into a top-up :)

Obviously holding all the big goldies back but it's only a matter of time - maybe today is the day, who knows.

That was quite a whack they just gave her.

Now they're just messing with us :)

Boom

$1,909 right now - looks like 130s here @ >123p.

Morning.

Breakout @ >123p ...

Probably a few traders expecting/looking for a cool-off on BTC as the very short-term RSI is pretty hot :)

Remember the mining margin leverage - that elastic works both ways - kills us when BTC drops but threatens to multiply again the other way when BTC moves back up.

See how she goes but if BTC goes halfway back to the top @ mid/upper $40ks - looks very viable right now - then the same halfway move back to the top here would indeed be up around the 170s I mentioned the other day.

The major horizontal resistance on the BTC chart is @ $49k ...

So, a nice channel on the daily then - got a chance of seeing mid $40ks around the falling MA20 IMO.

Morning.

That's a huge candle BTC is posting - whoever is timing these breakouts knows what they're doing.

$40.75k - daily RSI still only at 40.

If they keep spinning her up towards the daily/weekly closes then I'm going to start to get rather bullish.

See where we are in the morning.

Nite.

Well now, that does look healthy :)

Evening.

BTC looks pretty indecisive - stretching out the triangulation rather than breaking it either way.

Yup - thanks - happy to be taught by anyone who knows more than me - it's a staggering difference when you look at the basics of mcap vs earning capabilities, going by the last quarter's mining numbers at least.