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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (174307)	7/6/2021 5:23:44 PM
From: sense	Read Replies (1) \| Respond to of 217942

On the daily chart, those all lined up at the starting gate (rising more or less vertically up to at/near the 99% of relative strength momentum of the S&P500) ... the sequence from left to right, as a percentage of the relative strength ratio vs the S&P500... 84 HMY 87 KGC 87.5 AU (already at 101.5 RS momentum and moving to the right, higher, vs the RS ratio #'s on this list)... 88 AUY, GAU 89 DRD 90 AEM 93 NAK, KRRGF 94 EDVMF (but still slipping a bit to the left vs the RS ratio in this list) In theory, the higher that number, the closer they'll be to shifting even more to the right to get over 100... where the RS ratio ties it to price performance exceeding the S&P500... but, obviously, not all of those share the same price performance, recently... or the same risk profile... so look in conjunction with price charts and knowledge of the fundamentals for each... But, it also matters how much they move each day on the RRG... how fast the change might occur... when they do feint right to >100% vs S&P's price performance... KGC moving the fastest... AU and DRD next, if not that close... Re "If not now, when?" Waiting until they cross the 100% line... will reduce risks and still capture bigger moves longer term... but might miss earlier moves in price... that its best to capture... CS.TO about 8 trading days into the move to the right. from 90 to 99+... after moving higher in RS momentum is now set to cross the RS ratio over 100% line tomorrow.... It is two weeks ahead of the others in the RRG charts... so the price chart might be what you'll see others doing, too ? Leaders... vs laggards ? Leaders might capture more of a move in a longer window of time... before the move falters... if it does... Note relative position of each on that list vs daily MAs providing resistance... as perhaps explaining variations in price performance... EDVMF and KRRGF... both "right there"... at complex resistance... Silver miners generally behind the gold miners... many still at/near lows... lagging in price, still, even if not in the momentum indicators... That's a reversal of the relationship prior to May... when silver miners were leaders, down less than gold ? But, its also a restoration of normalcy in the gold vs silver typical market performance ? So, part of "if not now when" is also answered by "what"... when... Risk is lowered by waiting... to see if resistance at inflection points is overcome... how uniformly distributed the advances prove to be... and how sticky... but, perhaps, also by keeping an eye on laggards... still nearer the lows... to grab them later... still before they move... when they might move more and faster... with lower risk... once particular market uncertainties are put behind us... Not all of the risks are wrung out, yet... gold and silver could drop, again... some momentum models are saying that's what seems is likely (again, see Steven Van Metre's momentum newlsetter pitch ) and, there is a growing risk the entire market will be moving lower... and perhaps not just a little... ?