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Charts from the Lunatic Fringe.

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



  1. EchelonPL

    EchelonPL New Member

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    Bitcoin exchange compared to gold. I don't have any experience with this but I wish I did. Capital flows through bitcoin? Something about a huge transfer of wealth? Maybe this is how Kyle Bass is trading the bitcoin derivative?
     

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  2. louky

    louky Silver Member Silver Miner

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    I dont follow bitcoin and haven't looked at a single chart, but I'm hearing/seeing a lot of yammering about it lately. Most likely it's in the bubble phase ahead of all other assets
     
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  3. Zed

    Zed Size doesn't count! Midas Member

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    The day after you sell its going to the moon... it is silver after all.
     
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  4. Zed

    Zed Size doesn't count! Midas Member

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  5. bemac

    bemac Midas Member Midas Member

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    Haven't made the call yet. Will alert once the deal is done so everyone can back up their truck.
     
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  6. louky

    louky Silver Member Silver Miner

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    We'll see how it goes, but right now in the night session, it looks like unusually red day tommorow s&p and blue skies gold
     
  7. louky

    louky Silver Member Silver Miner

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    Political turbulence might get priced in tomorrow
     
  8. louky

    louky Silver Member Silver Miner

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    Of course we have 1251 delivery as expected.

    A little delay waiting on the fake news, but it came....
     
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  9. bemac

    bemac Midas Member Midas Member

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    [​IMG]
     
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  10. louky

    louky Silver Member Silver Miner

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    Range 1251-69 now

    Below and most likely it gets ugly, down to 1188 at least i'm guessing

    All that matters is stock market, inverse pure
     
    Last edited: May 17, 2017
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  11. SilverBuyer

    SilverBuyer Silver Member Silver Miner

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    One thing to keep in mind is that the market cap for bitcoin is 30 billion and the total crypto marketcap is currently about 60 billion. Takes a lot less money to move those markets then the 7 trillion estimated market cap of gold.
     
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  12. louky

    louky Silver Member Silver Miner

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    I'm just watching spy, in lock step, pure, but


    95/96 coming


    #4 red

    [​IMG]
     
  13. louky

    louky Silver Member Silver Miner

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    Miners, GDX has to break and hold 24 area to be a legit move
     
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  14. louky

    louky Silver Member Silver Miner

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    Nice summary

    [​IMG]
     
  15. louky

    louky Silver Member Silver Miner

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    Looks like a clean break just now, GC_F
     
  16. louky

    louky Silver Member Silver Miner

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    Futures chart from a few hours ago, dont have time to update it now

    [​IMG]
     
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  17. louky

    louky Silver Member Silver Miner

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    Above 25 and they might finally start piling in for a feb 2016 type of move
     
  18. Goldhedge

    Goldhedge Modal Operator/Moderator Site Mgr Site Supporter

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    Market down more tomorrow?
     
  19. Zed

    Zed Size doesn't count! Midas Member

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    This week we have to better POG 1290.47 and POS 18.38 to change trend.

    The daily chart looks a little like we will burn out before that point FWIW.

    .... so +1300 or bust on the daily! We need a higher high.
     
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  20. louky

    louky Silver Member Silver Miner

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    Tomorrow, chasers die first
     
  21. savvydon

    savvydon Gold Member Gold Chaser

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    Tall order right there.
     
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  22. louky

    louky Silver Member Silver Miner

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    Same level to watch, s&p, 2349 line in the sand
     
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  23. louky

    louky Silver Member Silver Miner

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    Below 2385, has to hit 2349
     
  24. louky

    louky Silver Member Silver Miner

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    2349, boing (spring board).....then 1 month sideways. Haha

    [​IMG]
     
  25. louky

    louky Silver Member Silver Miner

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    Gonna need GG's #5 to come through, like last year lol
     
  26. louky

    louky Silver Member Silver Miner

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    #5, first wave of fake news starts. It's like a programmed alarm clock
     
  27. louky

    louky Silver Member Silver Miner

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    Took a stab at it, wrong, but yeah 2349 from January. Never been hit before. Key level?
     
  28. stAGgering

    stAGgering Silver Miner Seeker

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    Watch from 6:55 to end of warning chart.
    For entertainment purposes only:
    All I can say... (5) FIVE.
     
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  29. louky

    louky Silver Member Silver Miner

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    Why are factors of 9 so ingrained in the markets?

    Think back on the levels we've watched....


    1188=18
    1179=18
    1197=18
    1215=9
    1296=18

    So on and so forth....


    S&p.....


    2349=18


    Strange?
     
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  30. Zed

    Zed Size doesn't count! Midas Member

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    Easy, that'd be a "bottom of the channel" move ending some time in mid summer. Fully on the cards for now.
     
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  31. Zed

    Zed Size doesn't count! Midas Member

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    I wish I could tell you! Never looked @ it.
     
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  32. Zed

    Zed Size doesn't count! Midas Member

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    FWIW Gold in AUD.. weekly and incomplete but really not looking as desperate as USD. USD weekly chart can still redeem itself here, not THAT much damage has been done.

    AU-W-20170518.png
     
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  33. louky

    louky Silver Member Silver Miner

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    1251=9

    Human bias or computers?;)
     
  34. louky

    louky Silver Member Silver Miner

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    Thanks, i'll watch tomorrow
     
  35. louky

    louky Silver Member Silver Miner

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    I saw the part about flashed 5 times
    :2 thumbs up:

    gonna watch the rest tomorrow
     
  36. louky

    louky Silver Member Silver Miner

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    Asian's just did a silver dump into open space...not too bad, but sharp...see if they have buyers
     
  37. louky

    louky Silver Member Silver Miner

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  38. Zed

    Zed Size doesn't count! Midas Member

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    DJI Monthly... there is probably 1600 pts down before this develops into a major route. Looks over due... but imminent? You can't really call that yet. IMO.

    DJI-M-20170518.png
     
    Last edited: May 18, 2017
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  39. bemac

    bemac Midas Member Midas Member

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    I'll answer that question for $19.99.
     
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  40. louky

    louky Silver Member Silver Miner

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    When silver leads down over night, you know what happens....
     

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