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Charts from the Lunatic Fringe.
- Thread starter Zed
- Start date
Just talk so far, still 50 bil in liquidity coming out in jan (38 bil left to go) and another 43 billion scheduled by feb 15th. That's potentially 81 bil between now and then
Why should you care?
Well, look at chart above showing fed balance sheet reduction since jan 2018. Now realize that NYSE has made no new highs for 1 year.
NYSE is 1900+ stocks, not 30 like the dow. It topped out in jan 18 with global growth.
Why should you care?
Well, look at chart above showing fed balance sheet reduction since jan 2018. Now realize that NYSE has made no new highs for 1 year.
NYSE is 1900+ stocks, not 30 like the dow. It topped out in jan 18 with global growth.
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I did a little research and sounds like TRX is jumping due to them resuming their drilling program in order to expand their resource. Also, Clive Maund has recommended this one, so people may be jumping in all at once due to that.
Regardless, I bought a position at .38 several months ago, with a target in the $3 area. Kinda wish I'd bought a larger position now!
Regardless, I bought a position at .38 several months ago, with a target in the $3 area. Kinda wish I'd bought a larger position now!
Possibly...
... however...
...one day, when Wall St is ready they will start to enlist the media to drive price higher and into a mania which they will sell.
Silver on it's way to $48 got good media exposure down here, given that a few short months before it was dead/ignored etc... they could even be assed to hate it!
... or it could be pump and dump.
That however is not so normal for gold because of the extended futures position/leverage. Too much interest would cause a problem, normally a price run in gold is sufficient all by itself to get enough new blood into the game.
I dunno...
...but yes CNBC = irksome, much happier being a little bit ignored.
... however...
...one day, when Wall St is ready they will start to enlist the media to drive price higher and into a mania which they will sell.
Silver on it's way to $48 got good media exposure down here, given that a few short months before it was dead/ignored etc... they could even be assed to hate it!
... or it could be pump and dump.
That however is not so normal for gold because of the extended futures position/leverage. Too much interest would cause a problem, normally a price run in gold is sufficient all by itself to get enough new blood into the game.
I dunno...
...but yes CNBC = irksome, much happier being a little bit ignored.
I bought it as a long term core position. It has good potential, with the only downside being the Tanzanian government.
Sinclair has preached dividends dividends dividends since 2000. I think shareholders will profit nicely from this one once it finally gets fully operational and the resource based is explored more fully.
Sinclair has preached dividends dividends dividends since 2000. I think shareholders will profit nicely from this one once it finally gets fully operational and the resource based is explored more fully.
Ok, so enough quotes. NCN....
Just noticed this when i zoomed out to weekly. Use your imagination on this chart for potential pattern
View attachment 119454
View attachment 119455
See the bowl forming? Picture like 1320ish by February maybe, where a handle would form. Just sayin'
Just noticed this when i zoomed out to weekly. Use your imagination on this chart for potential pattern
View attachment 119455
See the bowl forming? Picture like 1320ish by February maybe, where a handle would form. Just sayin'
It's February, mmmmhm. Handle pullback target would be 1269-78 possibly
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I've noticed long dated call options aren't following this rally in the mining shares as sharply as they should over the past few days. They have barely moved over the past few days despite a steady bold rally in the shares. Doesn't seem like a good sign.
Thinking ahead, I think we need some real meat coming out of the fed meeting tomorrow for this gold rally to continue in the short term. Either no more rate hikes, or some sort of real cessation of tightening. This rally has been fueled by mere speculation from a WSJ article. Tomorrow is when speculation meets reality. Should be an important day I think for the short term action in gold.
Thinking ahead, I think we need some real meat coming out of the fed meeting tomorrow for this gold rally to continue in the short term. Either no more rate hikes, or some sort of real cessation of tightening. This rally has been fueled by mere speculation from a WSJ article. Tomorrow is when speculation meets reality. Should be an important day I think for the short term action in gold.
