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. jelly

    jelly Seeker Seeker

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    Blue moon at the end of this month, along with the federal reserve meeting at the same time. Could mark a turning point for gold. I don’t like seeing a strong gold move going into a fed meeting, usually reverses. For the superstitious ones among us, the full moon might matter, as it often marks turning points, oddly enough.
     
    Last edited: Jan 26, 2018
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  2. louky

    louky Silver Member Silver Miner

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    Too da moon Breakout or fake out?

    [​IMG]
     
    Last edited: Jan 27, 2018
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  3. louky

    louky Silver Member Silver Miner

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  4. louky

    louky Silver Member Silver Miner

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    Updated TNX w/ gold overlay

    [​IMG]
     
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  5. louky

    louky Silver Member Silver Miner

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    Long term as long as gold holds 1200 area during the next sell off ;)

    [​IMG]
     
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  6. louky

    louky Silver Member Silver Miner

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    Dollar setup.....no comment

    [​IMG]
     
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  7. louky

    louky Silver Member Silver Miner

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    Crude cot. Commercials most extreme short last 5 yrs, specs most extreme long

    [​IMG]
     
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  8. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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  9. louky

    louky Silver Member Silver Miner

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  10. jelly

    jelly Seeker Seeker

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    AUY daily chart. I think this is the best representation of the current situation in the miners. We had a bearish hammer on large volume, meaning a strong sign of atleast a short term top.

    AUY1-28-18.png
     
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  11. jelly

    jelly Seeker Seeker

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    Crude seems to be following the path of the general stock markets, up up up.
    I had some puts on USO a couple weeks ago, but quickly closed them when it moved higher. I'm waiting for a sign to sell oil. I would think it would come at the same time area as a top in gold/silver/copper.
     
  12. southfork

    southfork Mother Lode Found Mother Lode

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    Oil is so manipulated to the upside its criminal, just as gold and silver and held down. No (legtimate) reason in the world for oil to be over 30sh(Other than .gov trying to prevent all these companies that financed on $60+ oil from going bk

     
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  13. jelly

    jelly Seeker Seeker

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    AUY has support on the hourly chart at 3.50. If we get below 3.50, we should get further selling.
     
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  14. louky

    louky Silver Member Silver Miner

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    1359 rejection is normally violent
     
  15. louky

    louky Silver Member Silver Miner

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    under 1340 puking begins, i suspect
     
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  16. perry

    perry New Member

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    southfork, There is an international agreement to cap oil at $70. They will produce more oil if they have to. If there wasn't an agreement in place for oil, oil could have been down below $20. I think oil and gold needs to decoup from the analysis. There are many other reasons of why gold should be up much higher. Today is a classic short term gold correction.
     
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  17. louky

    louky Silver Member Silver Miner

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    [​IMG]
     
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  18. perry

    perry New Member

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    Is the stock market CRASH happening tmw????? Look at the futures... :(
     
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  19. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    It's just a fantasy of mine, but I've often thought that they manipulate the price of oil higher to suck out 'excess' money from the economy to keep inflation at bay...
     
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  20. louky

    louky Silver Member Silver Miner

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    Monday during trading hours, tlt, gld, spy, etc all down together.....usually means it has legs. We'll see
     
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  21. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    Asia is down but Euroland is flat as I check just now into the wee hours of the morning.. The real fun happens on the downside. Can they keep pushing things up? It's a global push, so they probably can.

    In a parabolic move you have to be very nimble, as you can tell, I usually don't sleep. Did we pass the record? How many months consecutively without a down month is it now? I think the S&P500 is up about 8% or something just since the start of the year.

    I've become very selective about which weekends to stay invested through. You guys actually rely on stops? I'm going to start looking at individual week day nights now as well. That said, once they see you're doing that, they reset things beyond your moves. The market becomes true risk / reward analysis. Hard to get sleep in this kind of move.

    At what point to cash and go short?. ... Tops are very difficult to call. I'm not as confident moving to USD this time and going short as I was in March 2000 or in early 2008. I'm not so certain about what the CBs might do. The "moving things into physical" card has to be ready. While we've seen gold take pretty big hits on the last two crashes, I'm not so sure this time around that we'll see this same thing happen. Support at 1200 has to be considered extremely strong. This is another question up in the air still and at this point I'm still evaluating and waiting for some trigger moment that will tell me. Kind of like the wild west today, the markets, keep your finger on the trigger at all times.

    I used to create a thread at GIM1 with a poll to get these answers. I don't think we have enough members here to get good data like we did there. But if you think this is the top, Please ring the bell ( LOL ... let us know ! ... :- )
     
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  22. southfork

    southfork Mother Lode Found Mother Lode

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    Inflaton runs rampant though GH, real inflation if you consider all the metrics and not those faked by .gov, like insurances, all forms of taxes, ect.
     
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  23. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    You recognize the truth in certain things but not other things? If the true inflation rate is simply 2 percent higher than those "faked" numbers as you call them, then that would mean the GDP is actually much lower and we've actually been in a recession.

    I don't believe the economy is actually growing much at all and I don't believe it will anytime soon. Gov't policies are not making anything better and will soon make things much worse.

    But 5 or 6 percent inflation, even 7 percent is not considered rampant. I believe those have been the true numbers over the last 2 decades. Of course that depends on the individual. If you spend a lot of money on healthcare then your "personal inflation" experience could be much worse than that.

    At 7% prices double about every 10 year. This is a manageable situation for them. If we start to see numbers higher than 3% core or 7% true or if the CBs detect a strong inflation move is coming they might try to slow the economy significantly to prevent any sudden inflationary expectation panic. They have numerous ways they can put the brakes on and thus send us deeper into recession if they want to which would put a halt to inflation. Oil moving back toward 100 would be one of those things.
     
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  24. southfork

    southfork Mother Lode Found Mother Lode

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    MASSIVE CORRUPTION BEING EXPOSED IN .GOV AND METALS GOING TO BE WACKED, AMAZING
     
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  25. louky

    louky Silver Member Silver Miner

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  26. perry

    perry New Member

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    amazing that gold metals are trading at 1338.51. some big name tech stocks went up today. This was a crash based on a new health insurance concept by amazon, jpm, and one more company to compete against many of the current health insurers. I'm not sure what the Feds are going to do with the interest thing. Some doomsday scenario to raise it.
     
  27. louky

    louky Silver Member Silver Miner

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  28. perry

    perry New Member

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    louky, I want to show you a possible alternative scenario from your chart, see yellow line:
    upload_2018-1-30_19-47-34.png
     
  29. louky

    louky Silver Member Silver Miner

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    Anything is possible. I'm sleeping on some gdxj and a couple of individual miners from today
     
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  30. louky

    louky Silver Member Silver Miner

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  31. jelly

    jelly Seeker Seeker

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    It looks to me like we are heading higher from here, based solely on the mining shares charts. Time will tell.

     
    Last edited: Jan 31, 2018
  32. louky

    louky Silver Member Silver Miner

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    Yeah. I'm thinking pop before the real slam (if there's gonna be one)
     
  33. louky

    louky Silver Member Silver Miner

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    The danger is being out, friend ;)

     
  34. louky

    louky Silver Member Silver Miner

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    Gold target can be 1359, only canceled if 1305 comes
     
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  35. louky

    louky Silver Member Silver Miner

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    Wait for exk around 2 bucks again


     
  36. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    That would make the 3rd bounce of support....

    Screen Shot 2018-02-01 at 8.44.31 AM.png
     
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  37. Strawboss

    Strawboss Unemployed Gold Chaser

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    [​IMG]

    Entered JNUG, got some GDXJ calls and will open a position in GDXJ once it prints above yesterdays high.
     
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  38. louky

    louky Silver Member Silver Miner

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  39. Strawboss

    Strawboss Unemployed Gold Chaser

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    GDXJ 2.1.18.jpg
     
  40. jelly

    jelly Seeker Seeker

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    Based on candlesticks, the Wednesday candle is sexy bullish, and is why I'm long. Strawboss' channel is further support of that thought.
     

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