1. Tues and USD tries to hold its ground about 100
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  2. Good Tues Morning! We have Gold down 3.6 to 1212. Silver is also weaker and down 6 to 1712. Crude is flat at 5274, while the USD is up 24 to 100.37.
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  3. Week of 1/21/2017 Closing prices & Chg Over Last Wk---- Gold $1205.00-- Silver $17.03-- Oil $53.24 -- USD $100.64 -- Based on near term futures contract--- At JMB Current price AGE 2017 $1281.40 (1), SAE $20.47 (20)
  4. Added Heartland Precious Metals out of OK and LA to the map, Added Texas Precious Metals, and Added Provident Metals.

Charts from the Lunatic Fringe.

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



  1. savvydon

    savvydon Gold Member Gold Chaser

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    Sonofagun kept me up past my bedtime! Although he seems a bit 'out there' his thought process is very fluid and therefore has the ring of authenticity, - he believes what he says, and what he says is a global reading of the tea leaves, so to speak.
     
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  2. Zed

    Zed Size doesn't count! Midas Member

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    Yeah... the WOO WOO stuff ALWAYS throws me!

    ... but he got Trump in a landslide from a long way back and he was unequivocal about it, even discussed the attempt to 'steal' the election.

    I dunno, I try and keep an open mind these days.
     
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  3. Zed

    Zed Size doesn't count! Midas Member

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    WOO! WOO!

    Could be interesting to say the least.

    Sorry about the bed time thang old fella.
     
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  4. louky

    louky Silver Member Silver Miner

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    If it drops below 1000, be ready for it to stay there for the next 50 years. Not happening, imo. After summer it may hit 1050 or whatever 2015 low was, but I doubt it

    We'll see....
     
  5. louky

    louky Silver Member Silver Miner

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    I think bottom of the box 1079-1088-1098 would be worst case, but i hope to see it bounce from 98.

    Remember how strong of a magnet 1179-88 was. Eventually hit my worst case posted here 1124 (ultimate bottom 1123?), but the lower box is even more powerful.

    I'm fairly confident the lid (1098) wont break, but this test may come later, up to 1 year out, so..........
     
    Last edited: Jan 4, 2017
  6. louky

    louky Silver Member Silver Miner

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  7. louky

    louky Silver Member Silver Miner

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    1.5 million gdx sold 8 minutes before fomc minutes released at 2pm. Big put buying in gdxj.

    We've seen the seasonality charts posted here months back. Jan/feb usually lower low. Going to be interesting. I guess we find out soon if they test 1098 now or save it for later
     
  8. louky

    louky Silver Member Silver Miner

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  9. Zed

    Zed Size doesn't count! Midas Member

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  10. Zed

    Zed Size doesn't count! Midas Member

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  11. Zed

    Zed Size doesn't count! Midas Member

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  12. Zed

    Zed Size doesn't count! Midas Member

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  13. Zed

    Zed Size doesn't count! Midas Member

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  14. bemac

    bemac Midas Member Midas Member

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    [​IMG]
     
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  15. andial

    andial Sir Midas Member Site Supporter

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  16. Zed

    Zed Size doesn't count! Midas Member

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    I dress up like that when I go to dinner parties... makes my bullshit more credible! :p:D:confused:
     
  17. JayDubya

    JayDubya Gold Member Gold Chaser

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    You get invited to dinner parties?
     
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  18. Zed

    Zed Size doesn't count! Midas Member

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    Oh no, I just go to them... everybody is too embarrassed to ask. Just talk loudly and sound like you know something, works every time. Most often the food is better than I can buy on stamps... hey, its a living. :p
     
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  19. savvydon

    savvydon Gold Member Gold Chaser

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    If anyone gives you any bull sheet just tell them to put it in your pipe and smoke it. :weed:
     
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  20. Zed

    Zed Size doesn't count! Midas Member

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    Its the contents of the pipe that gives me the hide to get away with it all! :weed:
     
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  21. louky

    louky Silver Member Silver Miner

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    Back up against bottom of the box, 1179-1188-1197.

    Sold 1/3 of all miner positions now and set stops on the rest.
     
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  22. bemac

    bemac Midas Member Midas Member

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    [​IMG]
     
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  23. louky

    louky Silver Member Silver Miner

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    These are trades, purchased end of December. I'm still bullish miners through spring and long term, but expect one more solid pull back jan through beginning of feb. Not suggesting to exit long miner positions.
     
  24. Zed

    Zed Size doesn't count! Midas Member

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  25. Zed

    Zed Size doesn't count! Midas Member

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    Marc Faber sees a ~3 month T'Bill rally with stocks coming off. Many seem to think that there is not much to keep the stock market going past 'Trump Day', has me wondering if my 'stocks OK until May' idea is wrong headed. Faber has an interview @ the site that cannot be mentioned if you are curious.
     
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  26. louky

    louky Silver Member Silver Miner

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    Key level. Magnet.

    Check out the 50 MA now, 2 months later on the attempt back up:

    [​IMG]
     
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  27. Zed

    Zed Size doesn't count! Midas Member

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  28. Zed

    Zed Size doesn't count! Midas Member

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  29. Zed

    Zed Size doesn't count! Midas Member

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  30. louky

    louky Silver Member Silver Miner

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    [​IMG]

    Double bottom breakout

    China
    25.95%
    Korea (South)
    14.39
    Taiwan
    12.14
    India
    8.15
    Brazil
    7.82
    South Africa
    6.48
    Russian Federation
    4.46
    Mexico
    3.41
    Indonesia
    2.60
    Malaysia
    2.48
    Thailand
    2.32
    Philippines
     
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  31. Zed

    Zed Size doesn't count! Midas Member

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    Weekly Gold

    We found support earlier than I'd hoped bouncing off a speedline defined by activity in early 2016. It's good that the early 2016 move is still 'in play'. The internals are on the turn and ~1225 looks to be the first resistance area. We should have no real issue there by the look of this chart, we will hit more of a sticky patch as we approach the high 12's, call it ~1300 as we will probably tag or come close to it on the first go. Topping 1300 I would consider a breakout from the current 07/2016 bearish structure, confirmation for the conservative will come over the 1375 level (07/2016 ~ high close). Looking OK here IMO.


    AU-W-20170108.png
     
  32. Zed

    Zed Size doesn't count! Midas Member

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    BTW the monthly gold chart is showing signs of the internal indicators ticking up. It will take 2 - 3 months for that chart to improve and it will be a technical head wind for the conservative money.
     
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  33. louky

    louky Silver Member Silver Miner

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    S&P 2017 high, 2349
     
  34. louky

    louky Silver Member Silver Miner

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    [​IMG]
     
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  35. bemac

    bemac Midas Member Midas Member

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  36. louky

    louky Silver Member Silver Miner

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    2017 industrial metals will outperform all commodities
     
  37. louky

    louky Silver Member Silver Miner

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    1188 magnet

    :2 thumbs up:
     
  38. louky

    louky Silver Member Silver Miner

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    Non commercial 75% long

    [​IMG]
     
  39. louky

    louky Silver Member Silver Miner

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  40. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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