• Same story, different day...........year ie more of the same fiat floods the world
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Charts from the Lunatic Fringe.

jelly

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Definitely getting a bounce next week. Very sexy candlestick on GDX on Friday. Hard to get a more bullish action than this.... Reversal, bounce from $21 support area, oversold condition, very bullish candlestick, huge volume.
GDX-2-11.png
 

louky

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Hasn't even cracked the short term down trend yet. Could be something if it busts through this oval, otherwise another fake out?

 
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louky

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Think it's gonna run wild like a scalded cat without retesting this lower trendline? I wouldnt bet on it, but sure anything is possible

 

jelly

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Consumer price rise, a sign of inflation, and gold falls off a cliff. Is this what you call a rigged market?
Regardless, its rallying back fast.
 
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Goldhedge

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jelly

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The big question, can GDX break above $23 on this rally, or does it reverse and head south of 21? There’s a lot of strength right now…
 

louky

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The big question, can GDX break above $23 on this rally, or does it reverse and head south of 21? There’s a lot of strength right now…
looks like a possibility of 24.50 now....nice move in goldies.

Would love to see GDX break 25/26 by end of the week and 28 by end of FEB to put an end to this BS 1 year range

Otherwise, color me skeptical
 
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jelly

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If we can make it to $28 by end of month, I'll be in high cotton. Currently holding a large position in March GDX calls. Been loving this rally so far.

looks like a possibility of 24.50 now....nice move in goldies.

Would love to see GDX break 25/26 by end of the week and 28 by end of FEB to put an end to this BS 1 year range

Otherwise, color me skeptical
 

Goldhedge

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Consumer price rise, a sign of inflation, and gold falls off a cliff. Is this what you call a rigged market?
Regardless, its rallying back fast.
Not sure what sign of inflation they use... prices are up all over in the food industry.

Used to be 3 yrs ago I'd get a 27oz jar of almond butter at Costco for $5! Today $8.79!!
 

louky

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If we can make it to $28 by end of month, I'll be in high cotton. Currently holding a large position in March GDX calls. Been loving this rally so far.
Gold is like 85% bullish sentiment headed into chinese market holiday, what could go wrong? Lol
 

louky

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posted this for fun in sept 2016. of course no one can predict the exact path. as stated then, the only point was if it feels like a low at that time you can buy and make money (or if it feels like a high, sell).




sept 11 2016


as you can see below, if you bought/sold so far at the lows/highs, you've been banking with ugld or vehicle of choice.

i wonder if the time frames suddenly change now after 1.5 years? have a look and compare where we are at now with feb/march/april 18 between the two.....





 
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louky

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i still think gold will get creamed one more time (gary yearly cycle low + compare above from 1.5 years ago????), which will be huge buying opp