• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Charts from the Lunatic Fringe.

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
Joined
Mar 28, 2010
Messages
30,604
Likes
37,388
Location
Planet Earth
Sliver struggling to climb the wall....
 

louky

Silver Member
Silver Miner
Joined
Jun 8, 2014
Messages
4,378
Likes
2,128
Location
Bluegrass
Gold $200 +/- range bound for 2017. Call it 1098-1298

Hope to be wrong on upper range of course
1298 was first half of year high and we gonna close 2017 at top of the box. LOL

----------------------------------------------------------------------------------------------------------------


The way this works. Just like we've been doing all the way from 1124 bottom.....

If 1296 becomes support, then we touch bottom of the next box 1359 (at least).
Looks like we have no choice but to set a target of 1359 now, we'll see.....
It was a good year. 1296 first half of the year, top of the box. 1359 bottom of the upper box touched 2nd half, September. Precision!!

--------------------------------------------------------------------------------------------------------------

September 2017 high. 1 year in advance. Boom!!

That's a 150 point drop after the peak in SEPT 2017. Buy up if we get lucky and 1206-1215ish area come back!!
 
Last edited:

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
Joined
Mar 28, 2010
Messages
30,604
Likes
37,388
Location
Planet Earth
2018 cryptos and gold will develop correlation finally, i think, but in tandem
With gold, you know what it is. AU. It's gold.

With cryptos... um... which one does one consider buying??

I can't keep track of ALL THE MANY cryptos....!
 

perry

New Member
Joined
Oct 16, 2010
Messages
37
Likes
15
Knock, knock, knocking on $1300 door. Will we see it on the last trading day of 2017?
Yes indeed! What the metals need is a little bit of W40 lubricant for 2018. Have a prosperous 2018 New Year! Bungle up if celebrating in NYC. I don't think it has ever been this cold since the early 1960s.
 

louky

Silver Member
Silver Miner
Joined
Jun 8, 2014
Messages
4,378
Likes
2,128
Location
Bluegrass
Last edited:

louky

Silver Member
Silver Miner
Joined
Jun 8, 2014
Messages
4,378
Likes
2,128
Location
Bluegrass
only thing surprising about oil this year was the stocks trading at like $30 oil. hope someone besides me bought and don't be taking profit either!
 
Last edited:

southfork

Site Supporter
Site Supporter
Mother Lode
Joined
Mar 31, 2010
Messages
14,553
Likes
12,774
only thing surprising about oil this year was the stocks trading at like $30 oil. hope someone besides me bought and don't be taking profit either!
Oil price is highly inflated, no reason for it to be over 40 let along pushing 60s
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
Joined
Mar 28, 2010
Messages
30,604
Likes
37,388
Location
Planet Earth
Oil price is highly inflated, no reason for it to be over 40 let along pushing 60s
It could be that
  1. ISIS is now a shadow of their former self?
  2. Demand for oil is up?
  3. The economy really IS improving?
  4. Trump is winning?
  5. The Saudi purge?
  6. They want to bleed more inflation money out of the system via higher fuel costs?
:don't know:
 

louky

Silver Member
Silver Miner
Joined
Jun 8, 2014
Messages
4,378
Likes
2,128
Location
Bluegrass
big divergence, so if pivot back below 1305, the drop probably won't be shallow.

still more upside for mining etf's, i think. not really concerned for now