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Charts from the Lunatic Fringe.

louky

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gold, lowest large spec net long position in almost a year. money managers are actually net short first time since jan 2016.

 

savvydon

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gold, lowest large spec net long position in almost a year. money managers are actually net short first time since jan 2016.
Gold’s RSI currently stands at 26. You could certainly make an argument that we or at or near a bottom here.
 

louky

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silver cot is least appealing versus gold/platinum. suggest more downside possible, but i wouldn't place a bet on it

 

louky

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Here he goes, get ready for his Twitter to heat up against FED. Directly or indirectly. Shots fired right here this morning at their false inflation talk. He'll go after anything they can use to be aggressive (high oil being one)

Screenshot_20180630-124432.jpg
 
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FunnyMoney

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essay removed
 
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louky

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While in this wall of worry stage, I'm not sure the exact numbers but getting over 1388 is key . I think the price right now is a good buy.

I'm buying now, a blow through 1400 could come in any month.
Upper box
Box 1359-68-77-1386-1395
August top could easily perch on 1386, fail around that 88 you mentioned with a wick. Assuming 2 year old musing continues to unfold.






Then the blow through 1400 would come after Septish flush



Again, this is nothing more than a 2 year old musing, for fun :)
 

louky

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This was a very interesting poll that a member created back then. About 12 hours after I posted 666 another member came in and posted 667, I'm not sure how far down involved they were with TPTB or if they were following me, but they didn't post very much at the forum, so it seemed real strange.

GIM1 was already being watched by then. It was really taking off, it seemed there were 20 or 30 new members joining every week. The polls that addressed the day where the laws of physics were something like 200 members to 5. Something like that could not be left to its own accords.
I'm not aware of history of gim1. Thanks for sharing.

Not sure on the poster and 666, but I think the numbers are embedded in the market forever and ever, maybe. If only we knew why. Aliens? ;)
 

louky

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2018, US inflation will become a concern for the first time in years. USD will have wild swings, mostly bearish
Trying to stay ahead of the game. There wasnt inflation talk 24/7 back in December. Now it's hot topic on the news and every blog even tho forward looking expectations have been steadily falling since January.

 

louky

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2012, "the chosen one" election year versus now





QE needed then. Now, oh no, miles lower inflation is such a huge concern, we better do hikes galore and massive QT is necessary STAT! ???



Fed gonna try to pin crash on trump policies
 
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savvydon

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Here he goes, get ready for his Twitter to heat up against FED. Directly or indirectly. Shots fired right here this morning at their false inflation talk. He'll go after anything they can use to be aggressive (high oil being one)
Trump administration knows the Shiite is going to hit the financial fan. They are working to put some distance between them and the Fed so that they can point a finger when it happens.
 

louky

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Trump administration knows the Shiite is going to hit the financial fan. They are working to put some distance between them and the Fed so that they can point a finger when it happens.
There's already a dollar crisis. Should hit the news and blogs soon with emerging markets currencies have 2008 type crash and global indexes hitting the floorboards, down 20%. Gotta get the talking heads on it, and trump twitter heated up ASAP so dollar can tank and crush 94% bulls positioning.
 

louky

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So I’m not sure about this, but appears from this chart and Louky’s Above it that the ‘mega candle’ occurred at about the same time, even though the clocks were reading differently on the two charts. Wonder who is behind the ‘shot heard around the world’?
Yes, all at the same time, South Africa, NZD, AUD, etc, etc. Dollar was down huge against 99% of currency land. CB's tipped off to something was my initial thought, china or fed related.
 

louky

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If powell or someone doesnt get on the news soon, trump gonna start fed/ dollar bashing on twitter again, like he did all last year after i called exact top for $ in january
He's just getting started. Can't mess with Trumps "report card" and not expect him to fight back. Crack 2700 S&P like I said, and he gets busy.
 

louky

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see how day is positioned for a bounce on all the fake trump news hitting? for simplicity, you could use 200 MA with wick spike as potential area for it to start.

 
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louky

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week though is butt ugly, nasty. needs policy change to "trump" this setup. why i said powell has to break in the news soon. here you can also see the 2634ish importance rather than using MA from the daily.





as you can see, it's headed towards my red mark from last week

trade war = noise. up to powell after red mark i guess

 
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louky

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high odds low is in gdx with the day where people got worried saying it had broken below "critical" support. plenty of juice down below on the daily to break out of the short term downtrend.



needs above 22.70 or so to confirm, then top of range will be in play

 
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louky

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mentioned cot isn't as favorable on silver as gold/platinum, but possible low or soon. definitely should get back in the box (16.29), then possible 16.74-16.92 within a week or two.




finally seeing some of those false breakdowns across the board in PM's space that i said would happen since January top. Decent odds silver breaks out of this pattern and will top out around august time frame.

watch 16.92, then 17.19 of course. easy. if it becomes support, then 18 area is possible, maybe 18.50.



 
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louky

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in addition to silver cot being questionable still, another thing to note that isn't acting right. silver miners as a group




TOP 10 HOLDINGS
As of 6/29/18

NET ASSETS % NAME MARKET PRICE ($) SHARES HELD MARKET VALUE ($) 13.17POLYMETAL INTERNATIONAL P8.856,120,94654,144,063.7413.11WHEATON PRECIOUS METALS C22.062,442,12353,873,233.3810.64FRESNILLO PLC15.102,897,87343,749,492.0510.61KOREA ZINC CO LTD346.34125,93343,616,095.115.38PAN AMERICAN SILVER CORP17.901,236,23722,128,642.304.82TAHOE RESOURCES INC4.924,024,76919,795,701.424.78HECLA MINING CO3.485,639,76819,626,392.644.57FIRST MAJESTIC SILVER COR7.622,461,08318,765,184.914.53COEUR MINING INC7.602,449,99818,619,984.804.38SSR MINING INC9.871,822,97217,992,733.64
 

louky

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Economy was strong enough for hike's, it's not strong enough for increased hike schedule AND relentless liquidity reduction the next 12 months, equal to size of Swedens GDP. Market is/will send powell a message if he doesn't adjust, only question is does he bend/break or let it crumble.
Anybody home?
 

louky

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92.50 area first




be really surprised if it stops at 92.50, lotta downside potential on the weekly, 88 or lower very doable in summer.




highest bullish sentinment of any asset as june 28th. currently has been replaced by oil now as most bullish.
94% that's a lot of punishment coming and probably swiftly.

 
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