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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. louky

    louky Silver Member Silver Miner

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    Lines on charts....
     
  2. louky

    louky Silver Member Silver Miner

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    Hmmmm....
     
  3. louky

    louky Silver Member Silver Miner

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    [​IMG]

    [​IMG]

    Pick bottom
     
    Last edited: Jan 28, 2017
  4. louky

    louky Silver Member Silver Miner

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    [​IMG]
    [​IMG]






    Chart brigade, over and out

    [​IMG]
     
  5. bemac

    bemac Midas Member Midas Member

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  6. louky

    louky Silver Member Silver Miner

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    The longer it consolidates in the box, the better
     
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  7. louky

    louky Silver Member Silver Miner

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    Nikkei -330, gold 1197 becomes support
     
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  8. bemac

    bemac Midas Member Midas Member

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    [​IMG]
     
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  9. louky

    louky Silver Member Silver Miner

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    The riddler said today was suppose to be take down day, right? So far it's looking like someone didnt get the memo

    [​IMG]
     
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  10. louky

    louky Silver Member Silver Miner

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    Invisible lines to watch now, same as before. Nothing at 1200 hot butter, so 1206 and 1215. Pretty clear from 1216 to 1233
     
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  11. louky

    louky Silver Member Silver Miner

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    That's what i call delivery

    [​IMG]

    Once 1215 turns into support, big target next

    :2 thumbs up:
     
    Last edited: Jan 31, 2017
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  12. louky

    louky Silver Member Silver Miner

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    No upward target. Rest until summer
     
  13. stAGgering

    stAGgering Silver Miner Seeker

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    Dr. Marc Faber stated silver 'n gold up in 3-4 months at years turn.
    I find he is early canary.
    Your interpretation of Mr D, B, & G. ?
     
  14. louky

    louky Silver Member Silver Miner

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    I'm not familiar. My belief is the s&p has seen it's high for now, with 2349 possibly coming later in 2017. As stated I have no upward target currently. Rest.

    Current $ target is 99.

    Gold and silver should rise until summer. They may hike rates in june?

    As you know, I got ahead of the game last summer, "punch drunk", but have been hitting my targets on the way down, including 1124 (actual 1123 intraday bottom). Now all targets have been hit step by step to the upside. Next one will be posted once 1215 is support. Not getting ahead of myself this time around. ;)

    Nothing has changed with the medium to long term outlook. Gold and silver should make a new high by summer. Then most likely correct back to current levels by year end. Be all in before 2018.
     
    Last edited: Feb 1, 2017
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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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    We need gold to slow down. It's all about support now, no resistance until bottom of the next box. Hopefully gold back test 1215 for days. Grind the bears to dust.
     
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  17. louky

    louky Silver Member Silver Miner

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    Bottom of the box 1269

    :secret:
     
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  18. bemac

    bemac Midas Member Midas Member

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    How high we gonna go this spring?
     
  19. louky

    louky Silver Member Silver Miner

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    As mentioned a few posts back, not getting ahead of myself this time with projections. Need to see what happens at the next box.

    That said, probably another failure around 1400 area.
     
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  20. louky

    louky Silver Member Silver Miner

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  21. louky

    louky Silver Member Silver Miner

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  22. Zed

    Zed Size doesn't count! Midas Member

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    Gold coming up on the 50 and 200 week moving average in the 1250 to 1260 range. The 50 crossed up over the 200 with the new year rally, this will have caught the long term moneys attention. Getting the price back up over the ~260 level will be a major positive and a little over that lay the down trend line that has developed since mid last year. That is closing on ~1300, @ say ~1280 by the time we get there. Add in round 'numberitis' and 1300 is becoming a highly significant target number. Beaching it should send the signal that the rally that developed out of 01/2016 is indeed a longer term development. All good but expect a battlelines to be drawn @ 1300, it could well turn out to be the bears last significant stand. If we fail there this bottoming process could become a far more drawn out affair... so... buy you feckers, BUY! LOL. :pirates:
     
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  23. Zed

    Zed Size doesn't count! Midas Member

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    Silver is similar but the 50 is still below the 200 and $20 is the round number. Trend and MA's are in the 17.50 to just sub 19 range, that should be the bulk to the battle ground, > $20 should be the clincher. Technically its ~ 20.40 but holding a 2 handle for a decent length of time should get the deal done. JMO.
     
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  24. louky

    louky Silver Member Silver Miner

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  25. louky

    louky Silver Member Silver Miner

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    Multiple back tests on gold 1215 over night, once it becomes support, trampoline :) might take days as stated previously
     
    Last edited: Feb 3, 2017
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  26. louky

    louky Silver Member Silver Miner

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  27. louky

    louky Silver Member Silver Miner

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  28. louky

    louky Silver Member Silver Miner

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  29. louky

    louky Silver Member Silver Miner

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    If gold holds 1215 this week, we're cleared for take off
     
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  30. louky

    louky Silver Member Silver Miner

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  31. bemac

    bemac Midas Member Midas Member

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    [​IMG]
     
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  32. louky

    louky Silver Member Silver Miner

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    1233 gold is a platform now, cheers
     
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  33. louky

    louky Silver Member Silver Miner

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    I'm looking for back testing of 1233 and hold, no upward target
     
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  34. Zed

    Zed Size doesn't count! Midas Member

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    Getting 'change in substantial holding' notices through today. Van Eck are buying goldies.

    Druckenmiller has reportedly bought back all of the gold position that he liquidated when Trump won. I guess he figures the water is safe again.

    Money is moving back to gold.

    Not over those averages I mentioned yet, close... we need a nice little blow off push to 1300 then a small breather and then...
     
    Last edited: Feb 9, 2017
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  35. Zed

    Zed Size doesn't count! Midas Member

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    This is getting out of control. You may need to seek professional help for it. Just being a concerned friend, we'd hate to have to do an intervention.
     
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  36. louky

    louky Silver Member Silver Miner

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    We dont always get what we want. Right now it's 3am, gold flat and i have this feeling the shorts should of covered the last two days
     
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  37. louky

    louky Silver Member Silver Miner

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    Welp, 1233 needs time, no rush
     
  38. louky

    louky Silver Member Silver Miner

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    Miners inversely correlated to SPY now. Current target s&p 1313
     
  39. Zed

    Zed Size doesn't count! Midas Member

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  40. louky

    louky Silver Member Silver Miner

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    That was 2313. Hit and now a lid
     

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