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Charts from the Lunatic Fringe.

perry

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I can't wait to see the facebook twins Winklevoss make a TRILLION dollars on their brilliant bet. Chances are that they become the first TRILLIONAIRES on an unregulated bitcoin exchange.

Interesting bounce off 1260.50, is that a lasting bottom? I posted 1279 as the base because the dollar is pumped up in a high priced market and caused the market decline today. I had another chart I can't find that gold can't go below 1244 or intermediate gold bugs are in trouble.
 

perry

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Today shows that there is a shakeout on the longs. It seems favorable for a Christmas or NY rally in the stock markets. The Federal Reserve is going to lower the dollar to make everyone happy. If not, we end up like Greece :(
 

Goldhedge

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Today shows that there is a shakeout on the longs. It seems favorable for a Christmas or NY rally in the stock markets. The Federal Reserve is going to lower the dollar to make everyone happy. If not, we end up like Greece :(
Does that mean lower interest rates?
 

Zed

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BTC wiped the floor with that "spinning top" but this rising on declining volume isn't great. Normally falling volume indicates that a reversal is in play. Impressive strength but I'd still not be chasing this one, it should correct.
btc-d-20171206.png
 

Zed

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GSR is pushing the envelope, gold is holding and silver... well it looks like its the point of the exercise. Kinda looks like there is trouble in the silver market again.
 

stAGgering

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Copper is singing bass, maybe I should say base.
But hey, Silver is industrial metal anyways... right ?
Irons... Irons....Anyone..... Anyone ?



add: you beat me buy a couple there Jelly.
This means WAARR !! ;-)
 

Zed

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My gold stocks took a swan dive this AM on weak gold...

... but recovered flat, slightly green.... 0.2% or so average.

Someone is buying... trading character improved, broken record, yada, yada... yada.
 

savvydon

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GSR is pushing the envelope, gold is holding and silver... well it looks like its the point of the exercise. Kinda looks like there is trouble in the silver market again.
I guarantee that if the price keeps falling the physical market is going to respond... this wench is just too alluring to stay away from. Someday she will remain true...:blond:
 

stAGgering

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Ladies and Gentlemen up for bidding Silllvvverrr.
A beautiful shiny relic of limitless bounds and availability !
As you can see there are millions of contracts here before you.
A pallet of 1000 oz bars represents what you may choose to hold.
However, weight is always an issue with silver Ladies and Gentlemen !
Our bidding will start @ $16 per oz for 1,000 contracts.
Sixteeeennnah do we have a bid for ah sixxteeenahh.
Yes! Can you gimme Ahh $15.95ah ah $15.95-ah Yes! there's a bid forahh $15.95ahh
$15.90 ahh $15.90 biddah nowahh atah $15.90 issah thereah bid for ah $15.90?
YEsssAHH ! $15.90 can you gimme ahh $15.80ahh ahhh $15.80 !?
Issahh there-ah bid for ahhh $15.80 ahhh !? YESSS ! Gimmeahh bidahhh for $15.50ahhh !!
Ladies and Gentlemen the bids are for-ahh $15.50 !!
YeSSSAHH we have ahh bids for $15.50 can you give me a bidd-ahhhh for $15.25Ahhh.
Looking shiny holding industrial strength and known as money in multiple languages,
Do we see $15.25...? Ahhh $15.25 for this tonnage of value?
YyyEESSAAAHHH !!! we have--ahh $15.25ahhh !
Ahhh $15.05 ahhh are there bids-ahh for--ahh $15.05-ahhh ahh $15.05ahhh.
YEEsssahh Ladies and Gentlemen a bid forahh $15.05 can you gimme ahh $14.75 ahhh ahh$14.75?
This is-ahh way below the previous high of $13 and change Ladies and Gentlemen.
Do I hear a bid-ahh for ahhh$14.57ahhh.
YYYeeeeeSSS-ahhhh $14.75ahhh and ahhh do we have a $14.50ahh !?
AHhh yesss in the corner Mr JPM47 ahh bidding for ahhh $14.50 ahh and Ahhh ! $14.25 Ahhhhh !!!!!!
Going once-ahh.... going twice-ahh..... SOLD! To Mr JPM47 1000 contracts for $14.25/per oz total of $71,250,000 USD !!
 

Zed

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My gold stocks took a swan dive this AM on weak gold...

... but recovered flat, slightly green.... 0.2% or so average.

Someone is buying... trading character improved, broken record, yada, yada... yada.
Same deal today but sitting @ +1% with 1:15 to go.
 

Zed

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Now @ 11 oz gold already.
This is way hot. Can't stay that way... there will be tears before bedtime. Volume still looks to be generally falling, although data is probably not that perfect... dunno how they do it but the exchange system looks fragmented to me.
 

Zed

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Notice how the losses are coming off comex hours. This tends to indicate but they are beginning to cover comex positions. So I'm guessing that the low isn't far away. 1250 ish?
 

solarion

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Freight Train...

This cannot be sustainable, not this sort of rate.
It's not. My recent prediction is that bitcoin pulls back and then consolidates at around 1.5 monster boxes before moving higher. Obviously a lot depends on how long bankster fegs can keep the rigged PM markets tied down.

...obviously that's a very long time as long as people are happy with metalic frauds...like stocks, ETFs, and futures.
 

Zed

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It's not. My recent prediction is that bitcoin pulls back and then consolidates at around 1.5 monster boxes before moving higher. Obviously a lot depends on how long bankster fegs can keep the rigged PM markets tied down.

...obviously that's a very long time as long as people are happy with metalic frauds...like stocks, ETFs, and futures.
Looking for the 8 to 10K range, first stop.... then lets think about it.

This is white hot, it has to burn the muppets.
 

Goldhedge

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JMO... Once Wallstreet gets ahold of BTC and can short it, they'll control it like GLD and SLV.
 

savvydon

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CoT fairly interesting
Huge reversal with commercials handing their short position over to the specs. Historically that would indicate that we are near the bottom of this latest wash and rinse cycle. Between that, the fed december announcement to come and the approaching of the new year I would say that we are set up for a rally. 2c