1. Metals try to capitalize in market weakness with dollar weakness ie choppy
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  2. Good Thur Morning! Gold is down 1.3 to 1248. Silver is flat at 1757. Crude +16 to 4820. The USD is up 17 to 9964.
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  3. Week of 3/18/2017 Closing prices & Chg Over Last Wk---- Gold $1230.20-- UP 28.8 Silver $17.41-- UP 49 Oil $49.31-- UP 82 TICS USD $100.11 -- DOWN 100 tics Based on near term futures contract--- At JMB Current price AGE 2017 $1299.09 (1), SAE $20.54 (20)

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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    Seems like a magnet, 1233 :)
     
  2. stAGgering

    stAGgering Seeker Seeker

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    Magnetic manipulation I say
    Such contract enabling recovery before closure could not be a positive foresight endeavor.
    The charts appear to be on drugs and the cut added by the dealer is going to be a headache tuesmorrow.
    Looks good, feels good, tastes good, smells good too.
    Volume not so "good".
    So I will not believe it.
    The tonnage shot across gold's bow... warning.
    Next the waterline.
    Still looks good though.
     
  3. louky

    louky Silver Member Silver Miner

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    When this inverse correlation shows up, you get funds who wouldnt normally even buy gold, doing so as a hedge

    Pretty interesting to see this slide a day after i made that comment

    [​IMG]
     
  4. louky

    louky Silver Member Silver Miner

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    All the way to the right, the last week

    [​IMG]
     
  5. savvydon

    savvydon Gold Member Gold Chaser

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    Nice presentation. Williams always seems to deliver with a clarity that is almost able to penetrate even my ultra thick cranium.
     
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  6. savvydon

    savvydon Gold Member Gold Chaser

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    Just finished the book. Excellent read - well worth the time imo.
     
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  7. Zed

    Zed Size doesn't count! Midas Member

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    It is an interesting system to say the least, I gotta say that I don't see the 'why' of having a debt back system, at least not really clearly... I must look into that one more closely, it must make sense on some level that doesn't involve evil banksters. However... it is what it is!
     
  8. savvydon

    savvydon Gold Member Gold Chaser

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    I certainly get caught up and stumble when it comes to trying to frame the mechanics of the system in my mind. I'm not sure of exactly when and how the US economy became debt based. It seems from a reading of the constitution that it wasn't framed that way to start with. It certainly seems that at some point it is necessary, such as when the States didn't have a pot to piss in during the revolutionary war. Later, when the central banks were installed there certainly was money creation, even though the US was still backed by gold/silver standard. When did we truly become debt based? In 1913, when the Fed came into being? In 1944, after Bretton Woods? In 1964 when we stopped coining silver money? In 1971 when Nixon closed the gold window? Seems like a series of baby steps that has taken us a long, long way from home.

    Would a return to 'sound money', i.e. a gold/silver standard work? I don't really have the training or mental acuity to say one way or another. What I can say is that I certainly sense on a gut level that continuing on the current pathway indefinitely seems untenable...
     
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  9. Zed

    Zed Size doesn't count! Midas Member

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    Nixon closing the gold window and reducing the gold cover ratio to 0% made the USD a debt based currency. That is my belief anyway... that point in time.. right there!
     
  10. Zed

    Zed Size doesn't count! Midas Member

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    No, too deflationary for credit to work properly. The gold value wouldn't be stable, it would rise continuously. Gold is flawed as a general purpose currency, but so is all else. Pick your poison, it may have a role again for a limited window of time after a crisis. Mebe we design the perfect digital currency... but then that would piss the politicians right off!
     
  11. savvydon

    savvydon Gold Member Gold Chaser

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    Funny, because that was probably the least avoidable step in the chain. Tricky Dick had no other choice but to close the window as the vacuum was sucking all the gold right out.
     
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  12. savvydon

    savvydon Gold Member Gold Chaser

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    In the book Griffin states that initially there would be deflationary pain associated with going back to the gold standard, but that the law of supply and demand would bring out enough supply to level things out. That and the motivation to mine more.

    A friend of mine is keen on Block Chain transactions - says it is the way of the future. A digital currency transacted in a Block Chain fashion might actually be fair and equitable for all. THAT certainly would piss off the powers that be!
     
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  13. Zed

    Zed Size doesn't count! Midas Member

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    Blame Triffin, I do.
     
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  14. savvydon

    savvydon Gold Member Gold Chaser

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    I'll have to read him a bit first, but I, like most of us, am usually up for killing the messenger!
     
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  15. Zed

    Zed Size doesn't count! Midas Member

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    I doubt that, it is a finite resource and getting harder to find. Price will balance supply and demand by rising aka deflation. Growth is exponential... that is the issue, unless of course we bomb each other back to the stoneage... then inflation will be a problem!

    I don't think 'perfect money' doable... it will always be a thing that is in flux.

    JMO.
     
  16. Zed

    Zed Size doesn't count! Midas Member

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    Never liked economists anyway.

    [​IMG]

    :pirates::picture::p:D
     
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  17. Zed

    Zed Size doesn't count! Midas Member

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    I think he may well be correct.

    However Bitcoin is too limited and competing currencies are easy to start.

    I'm not sure where I think that is going.
     
  18. savvydon

    savvydon Gold Member Gold Chaser

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    If you grow bacteria in a petrie dish even they will eventually die in their own swill. Choose your poison, war or overpopulation...

    I'm grateful that my current responsibilities merely include setting my alarm clock properly so that I can show up to work on time tomarra :computer:
     
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  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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    "Shooting flies with bazookas" .... classic. Exactly what he did with us, he needs to learn quickly if he is going to make his agenda work.
     
  21. Zed

    Zed Size doesn't count! Midas Member

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    Gold and Silver appear to be stalling out at critical levels here. A correction of some sort looks close, ideally it is above these critical levels and tests them from above but at the moment it looks like we will swing low again before we breach these levels. Too low signals a direction change. We really need a pop high here, a short term blow off through these long term averages and trend lines. JMO etc... DYODD
     
    Last edited: Feb 14, 2017
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  22. bemac

    bemac Midas Member Midas Member

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  23. stonedywankanobe

    stonedywankanobe Gold Member Gold Chaser

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    Fantastic vid on 2539 there Zed.
    That lady gets it.
     
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  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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  26. stAGgering

    stAGgering Seeker Seeker

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    Contractual confusion.
    Breath.
     
  27. Zed

    Zed Size doesn't count! Midas Member

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    It is a habit of mine.
     
  28. louky

    louky Silver Member Silver Miner

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    1251 pivot is now officially a target, got the 1215 back test today i was expecting
     
  29. Zed

    Zed Size doesn't count! Midas Member

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    Good. That is what we need to see.

    Louky you show up, this place was getting quiet.
     
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  30. louky

    louky Silver Member Silver Miner

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    Lol, like i said, 1233 needed time :)
     
  31. louky

    louky Silver Member Silver Miner

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    So far so good, Lets see what happens at 1251
     
  32. louky

    louky Silver Member Silver Miner

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    Beautiful back test of 1216 today, i loaded some trading positions

    :2 thumbs up:
     
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  33. louky

    louky Silver Member Silver Miner

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    1251 = key to the box

    [​IMG]

    Bottom of the box 1269


    69-78-87
     
  34. Zed

    Zed Size doesn't count! Midas Member

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    I want to see gold crack those long term MAs and top that trend line @ ~1280 and falling. The MA's hit trend in the April May time frame, this could easily frustrate us until then. At least tagging trend soon would be a start, we are a little stretched but it is easily doable from here. French second round elections are in May if the late April result is not clear so the timing could be right. The DJI is over done, lots of sell in May?

    AU-W-20170216.png
     
    Last edited: Feb 16, 2017
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  35. louky

    louky Silver Member Silver Miner

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    I just read the last time VIX / s&p went up together in similar scale was 1997
     
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  36. louky

    louky Silver Member Silver Miner

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    [​IMG]


    Probably going to fall back on 33
     
  37. stAGgering

    stAGgering Seeker Seeker

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    If we do not witness; paper covers metals game tomorrow.
    Metals may be off to the races.
    Of course, March approaches with Ides and slides.
     
  38. Zed

    Zed Size doesn't count! Midas Member

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    I'm getting more "change in substantial" holdings notices through in my gold stocks today.... Buying, not selling, all good. :D
     
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  39. Zed

    Zed Size doesn't count! Midas Member

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    Read...

    Gold-Stock Volume Divergence

    One of the issues with the gold sector is that institutional buying is limited to non existent. This is a function of liquidity, they will not jump into a pool that they cannot easily get out of with out shifting the market. We have some gold stocks that are getting toward the market cap and volume that puts them on the institutional menu. Guy's like Belkin are advising them as a buy to institutions and they are being watched closely after last years stellar first half. It is likely that when volume returns to this market volume will beget more volume as we edge into the size of market cap that institutional players will consider buying. This will likely be a major driver of what should become the second leg of this 2016-20?? bull. This will probably be the longest and most stable leg of the market with a conservative sell at the end. The last leg should be nutz... public sponsored loonacy diverging from all reality. If you have followed this market to that point I feel you have earned the right to exploit that last leg like the cynical gold stock owning mofo's I know you have become. The sell button will have a hair trigger by then, gains will be big but fleeting.
     
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  40. Zed

    Zed Size doesn't count! Midas Member

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