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Charts from the Lunatic Fringe.

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



  1. Zed

    Zed Size doesn't count! Midas Member

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  2. Zed

    Zed Size doesn't count! Midas Member

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  3. Zed

    Zed Size doesn't count! Midas Member

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  4. Zed

    Zed Size doesn't count! Midas Member

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    Weekly HUI found support @ the 50% and 61.8% retracement levels. 61.8 is a classic deep correction... the devils advocate would say that an H&S pattern is in play with a target of, well of THE lows of 2015. The 50 WMA is about to cross the 200 WMA, that is a good thing. Hmmmmm take your pick?! If we gain traction here it will be VERY positive, if not.... blah!

    HUI-W-20161207.png
     
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  5. savvydon

    savvydon Gold Member Gold Chaser

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    Good listen. I tend to agree with him that we are nearing or past the washout both in PMs and mining stocks. It is the way my mind senses things. The way my heart senses the circumstances are that we are staring into the abyss about to fall into the rabbit hole and directly into the jaws of the slumbering bear. The past two days the PM markets have felt terribly hopeless... They say the darkest hour is right before the dawn. We c
     
    Last edited: Dec 6, 2016
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  6. Zed

    Zed Size doesn't count! Midas Member

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    Excellent grasshopper! :D

    If pressing that buy button doesn't scare the crap out of you then you are about to lose money. :p:confused:

    :shit happens:

    We are programmed to fail in markets, deprogramming yourself is quite a feat!
     
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  7. Zed

    Zed Size doesn't count! Midas Member

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  8. savvydon

    savvydon Gold Member Gold Chaser

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    A lot of political dancing to get to high ground and figure out who is going to be positioned on the 'right side' of the disaster. The only thing not in question is that there is a disaster looming - that pension fund is operating on an assumption of 7.25% yearly return - ouch!
     
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  9. Zed

    Zed Size doesn't count! Midas Member

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  10. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    Notice they didn't trash the brawny industrial metal of would be kings in that piece Zed?
     
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  11. Zed

    Zed Size doesn't count! Midas Member

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    They'd not dare good sir! The shiny slightly tarnished Mafioso would shorten their feeble lives if they betrayed their glittering Queen .
     
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  12. louky

    louky Silver Member Silver Miner

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  13. louky

    louky Silver Member Silver Miner

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    This is from a day or two ago, but failed breakout?

    [​IMG]
     
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  14. louky

    louky Silver Member Silver Miner

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    Another one from a few days ago?

    [​IMG]
     
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  15. louky

    louky Silver Member Silver Miner

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  16. louky

    louky Silver Member Silver Miner

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    Or it could just be this

    [​IMG]

     
    Last edited: Dec 7, 2016
  17. louky

    louky Silver Member Silver Miner

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    Silver has sniffed out the $?


    745am

    [​IMG]
     
    Last edited: Dec 7, 2016
  18. louky

    louky Silver Member Silver Miner

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    $ pinned at 99.90 this am ahead of ECB
     
  19. Zed

    Zed Size doesn't count! Midas Member

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  20. Zed

    Zed Size doesn't count! Midas Member

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  21. Zed

    Zed Size doesn't count! Midas Member

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  22. Zed

    Zed Size doesn't count! Midas Member

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  23. louky

    louky Silver Member Silver Miner

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    My expectation is this quote from October.

    Not sure if a) they surprise, no hike or b) hike already baked in. Either case, rally post fomc, 1220-40, then crash again as per typical seasonality of post election/ bull market doldrums in or around january
     
  24. savvydon

    savvydon Gold Member Gold Chaser

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  25. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    I think the repeating pattern you have pointed out in this post is what's playing out. I hope anyway. We will see after next week...:-)
     
  26. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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    This?
    FOMC25.jpg
     
  27. Zed

    Zed Size doesn't count! Midas Member

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    The weekly chart looks setup for a decent rally. The monthly is not looking nearly so positive so that could drag it all sideways, but still... it looks very much like a rally of that sort is due.
     
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  28. Nomis Elpmis

    Nomis Elpmis Minimalist Silver Miner

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  29. Zed

    Zed Size doesn't count! Midas Member

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    Geo political diversity is certainly becoming desirable, I just 'lost' a miner that got nailed by the Thai military junta. Basically it was unwarranted action most probably driven by corruption... or maybe the government feels the need to own a gold mine. It would not surprise me in the least if SA gold miners are looking to pad themselves from a hostile political environment, they will likely suck the SA assets dry, leaving the locals owning very little of value while they plough all available funds into OS ventures. It makes sense, it is probably what I'd do... so yeah I'd say its a good chance that it is a direct consequence of the new law. These laws always produce unintended consequences, people react, fight back etc... government, being the stupid beast that it is always seems to forget this!
     
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  30. Zed

    Zed Size doesn't count! Midas Member

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  31. Zed

    Zed Size doesn't count! Midas Member

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    Does this sound plausible?

    The US rallies and a gold struggles against it, basically moving sideways at best until April. The French vote Le Pen in and Frexit is on the table, then gold and the USD move up together in lock step for a while as it becomes obvious that the Euro will fail as a result. Basically smart money is moving out of Europe now, that may even put a bit under gold earlier in this scenario. As the April result becomes clearer the mob will start to move, driving the main body of the rally as the consequences become evident.

    Fantasy?
     
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  32. savvydon

    savvydon Gold Member Gold Chaser

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    I'd love to see it play out that hard and long. I'm up for making room for another hard core buying opportunity.

    That fantasy seems about as good as the next one...

     
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  33. louky

    louky Silver Member Silver Miner

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    Who knows what the circumstances will be, but I have gold hitting near 1400 by April/May. So sounds good...


    Gandalf the Grey, silver wizard, has it hitting 24 by spring for what it's worth.

    Sell before summer crash
     
    Last edited: Dec 10, 2016
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  34. louky

    louky Silver Member Silver Miner

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    Something like this

    From 11/27:

    [​IMG]

    I was assuming we hit 1150 or so as bottom, though I can see 1124-40 potentially
     
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  35. louky

    louky Silver Member Silver Miner

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    Ive been going long oil stocks the last few weeks. Plan is/was to ride them up on the inevitable rise, then switch back to metal stocks for spring rally.


    Pretty happy with opec/non opec announcements the last couple of weeks. No need for gold to see 1,000's or below now
     
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  36. Zed

    Zed Size doesn't count! Midas Member

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    Attached Files:

  37. Zed

    Zed Size doesn't count! Midas Member

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  38. Zed

    Zed Size doesn't count! Midas Member

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    Gold has to grow a pair soon, seriously, otherwise we are in ER for a while.
     
  39. Zed

    Zed Size doesn't count! Midas Member

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    I just gotta say that I am feeling irrationally and ridiculous positive about this today! Hmmmmmm 'contra indicator' or 'on the money'? Where is that fricken magic 8 ball when you need it? :blond:
     
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  40. andial

    andial Sir Midas Member Site Supporter ++

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