I think I'm done for the day.
AVXL continues today, making moves clear enough to see and understand,with targets hit and resistance capping, etc, to show the tracks playing out on the technical chart as anticipated.ok. we're tracking it correctly so far.from target to target. and the wave patterns are what Ive expected so far....and proving the critical 3.80 must hold and 3.90 is a trouble zone for trigger plunge or,conversely bounce, from holding support could rally there. and its gyrating in that zone now thru the day. nothing to do here at 3.90 but wait for a plunge to finish the pullback (target 3.70-3.60 area) , in my view. or another bounce to retest 4.20/4.30 area but not likely higher unless theres really good news come out. this peak at 4.20 is a target topping zone. easy to see in the technical math chart Ive been showing. previous pivot peaks, right there. computer driven trading hits the precise old peak at 4.19..... its like caveman computer program 101.
Buyers looking to accumulate have targets below 3.80 if 3.80 Fails. pick any step from 3.77 to 3.47 a gap at 3.65 area. old pivots at 3.63. a recent sliding base at 3.63 area. math targets at 3.57. like being at baskin robbins.hard to choose.
IPIX is hanging in a delicate balance zone mid 70's.... where buyers have bought for a week or so. Rally bounces have been few and weak. no real rally force happening yet to break strong into the 80's yet. 81 cents was a tease and fake out.
Its a bit nervous looking. it appeared to come off the 71 Low, but has it really, when it comes plunging down 7 cents today, and its stuck there in Lodi again. IPIX needs a good bounce rally anytime soon, to target 90 cents, get well into the mid-80's to discover resistance there, needs to show strength to plow thru the 80's and target 90-96 area. where even harsher resistance waits.
accumulating in the 70's looks ok. but all the shares I bought in the 90's are dead money now, at a big shoulder resistance zone there, I must sell those and break even ,recover dry powder. and be happy with the ton of shares I bought in the 70's as my core. that will work ok for me.
housecleaning.
Gold and silver.... gold isn't doing too much, but holding in the fairly topping zone below 1300 now but doesn't yet look determined to plunge to 1200, where I expect it will by fall. below 1200 are my best bargains I want. maybe 1180 would be nice to consider buying more.
I like silver at and below 16.00 so its in a middle zone now . the manipulated dump that took spot paper price to some ungodly plunge,was it below 15 even? I didn't bother to memorise it because its so unreal, to be ignored. but maybe we can call silver low around 15.25 area. seems like silver is crafting targets at 16/17/18, would it include something closer to 15 as well? 15.50 is a nice silver target,I believe. I'd buy more there, 15.75. something like that.
PVG is still moving downward, target zone 8 to 7. I like 7 area a lot better. so I'm waiting. with bids at 7.60 and 7.25
SVM ,Silvercorp, my other miner holding, is looking at lower targets. has been failing now at 3 dollars but holding at 2.70 area, now was broken to 2.65 ,not panicky, but the target zone in my view is a shoulder from long ago at 2.45 area and lower targets closer to 2 dollars. I like the 2.22 area, and a basic first target at 2.40 area. and saving dry powder for 2 bucks.
I'm interested in a few miners but not many. I don't think you need to own 20. when the best 6 will do. I like Hecla at or below 4 dollars. waiting patiently,also for MUX at 1.85 or lower.PVG at 7.50 area and lower. AG ??? how about 4 dollars. Does anybody like Klondex. Ive seen it as one of those mysterious darling miners that never went down, but this year it collapsed ,like how all the others do. and its looking at 2 or 3 dollars now? curious about KLDX.
Premier gold is going soaring now with news of company "Buy back shares"
Its a super pumped bubble now. but I'd be interested in it at 1.60 area. its looking like a horse that ran away now.
I don't see too many miners that interest me these days. I was interested in TAHO silver last year but sure not now.
I think I might have found the 2 best Ive owned a long time now, Silvercorp (SVM) and Pretium.(PVG).
What are your favorite miners these days.?Can the 'seasonal' downwave continue much lower into the fall and winter, exactly like they did the last 3 years?
That's been my main forecast for 2017, since they peaked in February.
I'm still dismayed and now 100% cynical about the Orchestrated smash down in silver and gold last year, October (china recess) and November-December (Trump election ) both contrived excuses for manipulation.
and this year, what they've done to silver,its sad to see the fakery,its every bit as bad as Vegas casinos. I never go to Vegas to gamble. but I'm here in the stock market with life savings every day. because theres little alternative.
