1. Same story, different day...........year ie more of the same fiat floods the world
    Dismiss Notice
  2. There are no markets
    Dismiss Notice
  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
  4. "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"
    Dismiss Notice

Charts from the Lunatic Fringe.

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



  1. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Think gold's in trouble, i'll be really suprised if the obvious trend lines people keep drawing hold up

    [​IMG]
     
  2. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Top of first gap starts @ 1296 of course

    [​IMG]
     
    stonedywankanobe likes this.
  3. jelly

    jelly Seeker Seeker

    Joined:
    Dec 6, 2010
    Messages:
    463
    Likes Received:
    282
    Trophy Points:
    63
    Louky, the images aren't coming through for me on your last 2 posts.
     
  4. jelly

    jelly Seeker Seeker

    Joined:
    Dec 6, 2010
    Messages:
    463
    Likes Received:
    282
    Trophy Points:
    63
    Metals jumping higher after jobs report.
    Looks to me like the dollar, and currencies in general, is having a large impact on the metals. It seems like most of this metals pullback has been highly correlated to the movement in the dollar. I'll try to get some charts tonight or tomorrow.
     
  5. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Three Truths about Stock Market Sell-Off Gold Investors Should Know
    FEBRUARY 8, 2018, 9:17 AM

    https://www.sunshineprofits.com/gol...k-market-sell-off-gold-investors-should-know/

     
    perry likes this.
  6. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    It's just update of the GLD chart, showing the gaps to watch and an fipcx/gold update
     
  7. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Yes, absolutely.
     
  8. perry

    perry New Member

    Joined:
    Oct 16, 2010
    Messages:
    36
    Likes Received:
    14
    Trophy Points:
    8
    louky, you have been really stellar in predicting the markets lately. I thought the dollar would be at $87 by now. If the Federal Reserve want to wreck the economy then go for it. A lot of 401ks and 529ks are going to sink into the sink's incinerator.
     
    louky and Uglytruth like this.
  9. perry

    perry New Member

    Joined:
    Oct 16, 2010
    Messages:
    36
    Likes Received:
    14
    Trophy Points:
    8
    THE PLUNGE PROTECTION TEAM IS HARD AT WORK. They seem to be successful in depressing the commodities at the same time keeping the markets in check.
     
    goldfanbrad and Uglytruth like this.
  10. savvydon

    savvydon Gold Member Gold Chaser

    Joined:
    Dec 14, 2010
    Messages:
    2,093
    Likes Received:
    1,627
    Trophy Points:
    113
    This whipsawing doesn't feel healthy at all. Wonder how long the PPT can keep up...:don't know:
     
    perry likes this.
  11. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    10% now, give it a few more days ;)
     
    perry likes this.
  12. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
  13. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

    Joined:
    Mar 28, 2010
    Messages:
    29,581
    Likes Received:
    34,866
    Trophy Points:
    113
    Occupation:
    Retired
    Location:
    Planet Earth
    Yawn....


    Screen Shot 2018-02-08 at 4.54.51 PM.png
     
  14. bemac

    bemac Midas Member Midas Member

    Joined:
    Nov 5, 2010
    Messages:
    5,318
    Likes Received:
    4,359
    Trophy Points:
    113
    perry likes this.
  15. perry

    perry New Member

    Joined:
    Oct 16, 2010
    Messages:
    36
    Likes Received:
    14
    Trophy Points:
    8
  16. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Dow 1000 pt drops, like water lol

    I think 1800 may be possible one day
     
  17. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

    Joined:
    Mar 28, 2010
    Messages:
    29,581
    Likes Received:
    34,866
    Trophy Points:
    113
    Occupation:
    Retired
    Location:
    Planet Earth
    Screen Shot 2018-02-08 at 7.58.00 PM.png Screen Shot 2018-02-08 at 7.59.30 PM.png
     
  18. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Asia burning, china mainland -7.3%, hong kong -4.2% currently
     
  19. jelly

    jelly Seeker Seeker

    Joined:
    Dec 6, 2010
    Messages:
    463
    Likes Received:
    282
    Trophy Points:
    63
    Geez. are the miners jump going to take a dump every single day in February?
    If $21 in GDX is broken to the downside, things could get ugly fast
     
  20. jelly

    jelly Seeker Seeker

    Joined:
    Dec 6, 2010
    Messages:
    463
    Likes Received:
    282
    Trophy Points:
    63
    gold gets a mid-day bounce. Miners shrug it off and continue on the road to hell.

    Atleast $21 is holding, although we've dipped below the recent December low.
     
    Last edited: Feb 9, 2018
  21. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Gdx is going lower, see chart i posted
     
  22. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    This is down side potential now, be surprised if first bubble isn't touched at least and that's if some thing magical happens and golds doesnt get crushed


    This below was gdx bare minimum telegraphed target from jan 15th

     
    jelly likes this.
  23. jelly

    jelly Seeker Seeker

    Joined:
    Dec 6, 2010
    Messages:
    463
    Likes Received:
    282
    Trophy Points:
    63
    Haven't closed yet, but the general markets are putting in a nice hammer for the day, on good volume.
     
    louky likes this.
  24. jelly

    jelly Seeker Seeker

    Joined:
    Dec 6, 2010
    Messages:
    463
    Likes Received:
    282
    Trophy Points:
    63
    The GDX $21 level has been strong support for months, but is getting weaker and weaker. Normally I'd expect atleast a short 1 or 2-day bounce before slicing through to the downside. But miners are getting sold like they're going out of style.
     
  25. jelly

    jelly Seeker Seeker

    Joined:
    Dec 6, 2010
    Messages:
    463
    Likes Received:
    282
    Trophy Points:
    63
    What a comeback. We just might get that bounce after all.
     
  26. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    "Everyone's got a plan until they get punched in the mouth "

    But.....

    ...expectation is always to Bounce from first oval. maybe 22 in this case, or 23 if it's a moonshoot..then 19 oval after
     
    Last edited: Feb 9, 2018
  27. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Dolla 91 soon

    [​IMG]
     
  28. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    [​IMG]
     
  29. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Bear markets have sharp counter trend rallies

    [​IMG]
     
    Goldhedge likes this.
  30. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    See below for update
     
    Last edited: Feb 10, 2018
  31. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    [​IMG]

    Decent support zone (green) on copper, but if it breaks, you see where it's headed
     
    Last edited: Feb 10, 2018
  32. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Still orderly and predictable in the markets and all assets, no panic whatsoever. Potential bottom in the indexes, but I'll stick with lower incoming, dow/s&p
     
  33. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Crude

    [​IMG]
     
  34. JayDubya

    JayDubya Platinum Bling Platinum Bling

    Joined:
    Apr 5, 2010
    Messages:
    4,244
    Likes Received:
    4,436
    Trophy Points:
    113
    louky, I could take your advice more seriously back when you had the old avatar versus good old Humpty Hump
     
  35. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    lol. Just doing my part to remind people not to get too bullish gold at this time
     
    JayDubya likes this.
  36. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    The goldies dance was your chance to sell the hump.



     
    Last edited: Feb 10, 2018
    goldfanbrad likes this.
  37. bemac

    bemac Midas Member Midas Member

    Joined:
    Nov 5, 2010
    Messages:
    5,318
    Likes Received:
    4,359
    Trophy Points:
    113
    I heard he once got busy in a burger king bathroom.
     
    louky likes this.
  38. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    that's what you call a finisher on a 25 year bull market



    [​IMG]



    [​IMG]



     
    Last edited: Feb 10, 2018
  39. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
  40. louky

    louky Silver Member Silver Miner

    Joined:
    Jun 8, 2014
    Messages:
    4,122
    Likes Received:
    1,989
    Trophy Points:
    113
    Location:
    Bluegrass
    Good risk/reward long tlt now/soon. Basically bet on whether you think they let SPX crater to the ground at this point. Cuz that's what will happen if tlt keep crashing.
     

Share This Page