Charts from the Lunatic Fringe.

[jelly]

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!

TRX - rumor is the dollar has tanked,

View attachment 123105


but the DXY chart is a yawn...

View attachment 123106


5 yr with R line. Accurate? or should I have included 2014 ?

View attachment 123107

 

[jelly]

Keep in mind there's a fed meeting this week. I'm exiting trading positions beforehand.

 

[Zed]

Beat down coming?! That headline coming from CNBC scares me more than any Harry Dent forecast ever could.

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.

 

[louky]

 

[louky]

 

[Goldhedge]

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!

Yeah, I have some TRX as well, have for years. I'm not one to 'chase' a stock...

 

[dpong]

Good luck with TRX! I bought at .35 when Goldhedge posted Maund article. I sold at 0.55 today because all I can figure is that the article was making it go up. My best guess is it can be bought cheeper soon. Not sure the gold bull is yet upon us.

 

[Goldhedge]

What many folks don’t know is TRX has gold, lots of gold.

It is in raw form (if I understand it correctly) and unprocessed. Only processed gold is taxed by Tanzania (where the mine is).

When the time is right it will be processed. They're sitting on tons.

 

[jelly]

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.

 

[Zed]

Seeing broader strength across my stocks today. Buying was much more even across the portfolio. Subtle change, probably a positive one.

 

[Zed]

1455 POG?

Next big target.

 

[Strawboss]

I bought it as a long term core position. It has good potential, with the only downside being the Tanzanian government.

Sinclair has done a good job of being respectful to the Tanzanian government and people. The deal he struck with the govt was more than fair by current standards. I view that as him being prescient to the changing times as well as a core decency to treat other people with respect.

 

[louky]

 

[louky]

 

[savvydon]

Seeing broader strength across my stocks today. Buying was much more even across the portfolio. Subtle change, probably a positive one.

Metals moving into strength here in the early going as well. Many of my miners were showing good momentum yesterday. I would expect more of the same if PMs keep leading the way today.

 

[louky]

Australia 10 year sovereign bonds now offered at lower yield than fed funds rate

 

[louky]

 

[louky]

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'

It's February, mmmmhm. Handle pullback target would be 1269-78 possibly

 

[louky]

Correlation between utilities and treasuries may be turning negative again

 

[louky]

Gold in world currency

 

[louky]

silver, bottom of the box is 16.29

Yep

 

[jelly]

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.

 

[Uglytruth]

Gold in world currency

Is that an average of all or what does that mean?

 

[louky]

The formula for the valuation of the World Currency Unit has been revised since 2008 so that the GDP weights are now revised every year. While still retaining the meaning of a unit of global real purchasing power, the WCU can now be interpreted as a GDP-weighted basket of currencies, each indexed against domestic inflation. The GDP-weighted basket of currencies has now formed the basis for a new formula for the effective exchange rate.

The nominal value of this unit would rise with inflation in each economy. Moreover, the nominal value of this unit would rise if other currencies represented in the basket appreciate against the US dollar. Savers purchasing such bonds would not only enjoy protection against inflation, but would benefit from the diversification of exchange risks.

The WCU could be used for the pricing of commodities such as oil, precious metals, and agricultural products, which are typically quoted in US dollars. Of course, historical prices of commodities quoted in US dollars could also be converted into prices in WCUs to provide indications on trends in the real prices of these commodities.

 

[Goldhedge]

Just curious... what can you say about this chart? Due for a correction??

Declining volume

 

[louky]

Gapped up at .36?

 

[louky]

1305 retest would be ideal

 

[jelly]

Should be due for a correction, but you never know with small stocks like this with moves this strong. Could just go sideways for a day or two then chug higher. Or it could go back down to fill the gap. Regardless I sold half of my position, and will buy back if we get a decent pullback in it. Otherwise, I’m moving the money into other quality miners that haven’t moved yet. This was a core position not a trading position for me, so I’m not wanting to sell out completely. I just think it’s getting overheated for now at least.

Just curious... what can you say about this chart? Due for a correction??

Declining volume

View attachment 123193

 

[Goldhedge]

It's funny that dip just before was based upon a false news story... manipulation perhaps??

A really quick way to double your money buying at $0.25 and sell on the way up.

 

[dpong]

I agree @jelly - these markets are so small right now, I think the Clive Maund article is making the rounds and creating the buzz responsible for this intense rally. Once the buzz passes, who knows what happens? I got burnt by the buzz created by Moriarty and a video from a conference on NOVO Resources. It went up like crazy. Then the buzz passed, and I'm holding the bag. I don't know anything negative about TRX, but I'm afraid the reason for the spike up will soon fade from our collective memories. And the price with it.

[edit]: But WTF do I know?

 

[louky]

 

[jelly]

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.

This is what i mean. Compare the Jan 2020 $20 SLV call options chart vs. the price of SLV. These 12-month call options haven't followed the recent rally in SLV, when they should be shooting the moon right now.

 

[louky]

2666, "you" dont want to see a failure here....just sayin'

View attachment 123038

 

[jelly]

Big fight right now in silver at $16.

 

[louky]

Fed admits US economy and markets can't handle .25 bips......boolish

 

[Strawboss]

Considering the Feds capitulation today - is seems likely that this negative divergence will be a false signal.

 

[louky]

https://flourishrm.com

 

[louky]

Considering the Feds capitulation today - is seems likely that this negative divergence will be a false signal.

Indeed. Powell desperate. Anything short of QE4 on steriods will be a disappointment for market

POWELL: (on QE4) " when the need for balance sheet growth comes again, there's room to do substantially more".

Verbal ammo gone, act or talk?

 

[jelly]

miners sliding. Buy the rumor, sell the news?

 

[louky]

miners sliding. Buy the rumor, sell the news?

First reaction is normally wrong....recall 2016 sept fomc gold and miners shooting up post fomc only to get crushed into oblivion. This time could always be the exception of course.