1. Same story, different day...........year ie more of the same fiat floods the world
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  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
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Charts from the Lunatic Fringe.

Discussion in 'PM Trading/Stocks/Technical Analysis' started by Zed, Oct 21, 2014.



  1. perry

    perry New Member

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    I can't wait to see the facebook twins Winklevoss make a TRILLION dollars on their brilliant bet. Chances are that they become the first TRILLIONAIRES on an unregulated bitcoin exchange.

    Interesting bounce off 1260.50, is that a lasting bottom? I posted 1279 as the base because the dollar is pumped up in a high priced market and caused the market decline today. I had another chart I can't find that gold can't go below 1244 or intermediate gold bugs are in trouble.
     
  2. perry

    perry New Member

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    Today shows that there is a shakeout on the longs. It seems favorable for a Christmas or NY rally in the stock markets. The Federal Reserve is going to lower the dollar to make everyone happy. If not, we end up like Greece :(
     
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  3. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Does that mean lower interest rates?
     
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  4. perry

    perry New Member

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  5. Zed

    Zed Size doesn't count! Midas Member

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    BTC wiped the floor with that "spinning top" but this rising on declining volume isn't great. Normally falling volume indicates that a reversal is in play. Impressive strength but I'd still not be chasing this one, it should correct. btc-d-20171206.png
     
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  6. Zed

    Zed Size doesn't count! Midas Member

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    GSR is pushing the envelope, gold is holding and silver... well it looks like its the point of the exercise. Kinda looks like there is trouble in the silver market again.
     
  7. jelly

    jelly Seeker Seeker

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    Selloff in copper today. This is worth watching, to see how much downside there is. They call it Dr. Copper for a reason...
    copper.png
     
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  8. stAGgering

    stAGgering Silver Miner Seeker

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    Copper is singing bass, maybe I should say base.
    But hey, Silver is industrial metal anyways... right ?
    Irons... Irons....Anyone..... Anyone ?



    add: you beat me buy a couple there Jelly.
    This means WAARR !! ;-)
     
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  9. Zed

    Zed Size doesn't count! Midas Member

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    My gold stocks took a swan dive this AM on weak gold...

    ... but recovered flat, slightly green.... 0.2% or so average.

    Someone is buying... trading character improved, broken record, yada, yada... yada.
     
  10. savvydon

    savvydon Gold Member Gold Chaser

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    I guarantee that if the price keeps falling the physical market is going to respond... this wench is just too alluring to stay away from. Someday she will remain true...:blond:
     
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  11. louky

    louky Silver Member Silver Miner

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    copper chart from yesterday 5pm, should hold this area

    [​IMG]
     
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  12. louky

    louky Silver Member Silver Miner

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    2 million shares traded in the first 5 minutes, GDX. finally the beginning of some capitulation level volume
     
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  13. louky

    louky Silver Member Silver Miner

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    1269, all that matters of course. can you see it?
     
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  14. bemac

    bemac Midas Member Midas Member

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    BTC is now 10x gold.

    [​IMG]
     
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  15. stAGgering

    stAGgering Silver Miner Seeker

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    Ladies and Gentlemen up for bidding Silllvvverrr.
    A beautiful shiny relic of limitless bounds and availability !
    As you can see there are millions of contracts here before you.
    A pallet of 1000 oz bars represents what you may choose to hold.
    However, weight is always an issue with silver Ladies and Gentlemen !
    Our bidding will start @ $16 per oz for 1,000 contracts.
    Sixteeeennnah do we have a bid for ah sixxteeenahh.
    Yes! Can you gimme Ahh $15.95ah ah $15.95-ah Yes! there's a bid forahh $15.95ahh
    $15.90 ahh $15.90 biddah nowahh atah $15.90 issah thereah bid for ah $15.90?
    YEsssAHH ! $15.90 can you gimme ahh $15.80ahh ahhh $15.80 !?
    Issahh there-ah bid for ahhh $15.80 ahhh !? YESSS ! Gimmeahh bidahhh for $15.50ahhh !!
    Ladies and Gentlemen the bids are for-ahh $15.50 !!
    YeSSSAHH we have ahh bids for $15.50 can you give me a bidd-ahhhh for $15.25Ahhh.
    Looking shiny holding industrial strength and known as money in multiple languages,
    Do we see $15.25...? Ahhh $15.25 for this tonnage of value?
    YyyEESSAAAHHH !!! we have--ahh $15.25ahhh !
    Ahhh $15.05 ahhh are there bids-ahh for--ahh $15.05-ahhh ahh $15.05ahhh.
    YEEsssahh Ladies and Gentlemen a bid forahh $15.05 can you gimme ahh $14.75 ahhh ahh$14.75?
    This is-ahh way below the previous high of $13 and change Ladies and Gentlemen.
    Do I hear a bid-ahh for ahhh$14.57ahhh.
    YYYeeeeeSSS-ahhhh $14.75ahhh and ahhh do we have a $14.50ahh !?
    AHhh yesss in the corner Mr JPM47 ahh bidding for ahhh $14.50 ahh and Ahhh ! $14.25 Ahhhhh !!!!!!
    Going once-ahh.... going twice-ahh..... SOLD! To Mr JPM47 1000 contracts for $14.25/per oz total of $71,250,000 USD !!
     
  16. louky

    louky Silver Member Silver Miner

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    gdx squeeze i pointed out few days ago, fired short

    [​IMG]
     
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  17. louky

    louky Silver Member Silver Miner

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    the gold one hasn't even fired yet

    [​IMG]
     
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  18. louky

    louky Silver Member Silver Miner

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    and of course the bubble from weeks ago filled. now waiting for clues to see what's next

    [​IMG]
     
  19. louky

    louky Silver Member Silver Miner

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    Sector untouchable until 1269 acts as support
     
  20. louky

    louky Silver Member Silver Miner

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    Miners, always keep in mind tax loss selling til dec 27th of course
     
  21. savvydon

    savvydon Gold Member Gold Chaser

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    Chart for clarity? :picture:
     
  22. bemac

    bemac Midas Member Midas Member

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    Now @ 11 oz gold already.
     
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  23. Zed

    Zed Size doesn't count! Midas Member

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    Same deal today but sitting @ +1% with 1:15 to go.
     
  24. Zed

    Zed Size doesn't count! Midas Member

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    This is way hot. Can't stay that way... there will be tears before bedtime. Volume still looks to be generally falling, although data is probably not that perfect... dunno how they do it but the exchange system looks fragmented to me.
     
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  25. Zed

    Zed Size doesn't count! Midas Member

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    Not here, June 30 here... miners looking good here at the moment. FWIW
     
  26. Zed

    Zed Size doesn't count! Midas Member

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    +1.4% in the end... a pretty tidy day really, all up save one stock against a soft gold price. Buying is happening!
     
  27. louky

    louky Silver Member Silver Miner

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    Sushi back above 112.71 and gold fired short from the BB squeeze now
     
  28. Zed

    Zed Size doesn't count! Midas Member

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    Notice how the losses are coming off comex hours. This tends to indicate but they are beginning to cover comex positions. So I'm guessing that the low isn't far away. 1250 ish?
     
  29. bemac

    bemac Midas Member Midas Member

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    BTC now well over 1000 oz silver.
     
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  30. savvydon

    savvydon Gold Member Gold Chaser

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    Monster boxes worth of silver a mere bag of shells compared to the mighty bitcoin, eh? Fascinating... we shall c
     
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  31. Zed

    Zed Size doesn't count! Midas Member

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    Freight Train...

    This cannot be sustainable, not this sort of rate.
     
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  32. Zed

    Zed Size doesn't count! Midas Member

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    Maybe it's a brave new world and this old fart just hasn't "got it" yet.

    Hmmmmmm.... MORE to worry about!
     
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  33. solarion

    solarion Gold Member Gold Chaser Site Supporter

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    It's not. My recent prediction is that bitcoin pulls back and then consolidates at around 1.5 monster boxes before moving higher. Obviously a lot depends on how long bankster fegs can keep the rigged PM markets tied down.

    ...obviously that's a very long time as long as people are happy with metalic frauds...like stocks, ETFs, and futures.
     
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  34. savvydon

    savvydon Gold Member Gold Chaser

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    Uhhh... Yeah! Have teenage daughter, will be reminded of my inflexibly thinking stuck in the mud self ad infinitum/nauseum.
     
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  35. Zed

    Zed Size doesn't count! Midas Member

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    BTC reversal in play?
     
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  36. Zed

    Zed Size doesn't count! Midas Member

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    Yeah, this time is different, sept when its not!

    :D
     
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  37. Zed

    Zed Size doesn't count! Midas Member

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    Looking for the 8 to 10K range, first stop.... then lets think about it.

    This is white hot, it has to burn the muppets.
     
  38. louky

    louky Silver Member Silver Miner

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    CoT fairly interesting
     
  39. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    JMO... Once Wallstreet gets ahold of BTC and can short it, they'll control it like GLD and SLV.
     
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  40. savvydon

    savvydon Gold Member Gold Chaser

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    Huge reversal with commercials handing their short position over to the specs. Historically that would indicate that we are near the bottom of this latest wash and rinse cycle. Between that, the fed december announcement to come and the approaching of the new year I would say that we are set up for a rally. 2c
     
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