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Charts from the Lunatic Fringe.

Goldhedge

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pullback to 32 then launch?
I'm no investing brain, but I like to see it test lest it falls over from it's own enthusiasm..... $32 looks to be a good test...

$31 would be ok, @ $28 would be too...

Screen Shot 2019-01-31 at 9.49.26 PM.png
 

Zed

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Gold Daily chart update. No mods.

Screenshot from 2019-02-01 19-11-50.png
 

Zed

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Monthly close over 1345 is probably the next key level for me.
 

Zed

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SPX "launch" from Fed Speak looks very weak. Sure it went up today, but I'm not seeing enthusiasm. Expect reversal.
RSI and STO are not making new highs with price. Aka divergence... not a great sign.
 

Strawboss

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Monthly close over 1345 is probably the next key level for me.
Zed - I appreciate your "reports on the ground" form the shithole you call home. And for the record - I consider Australia a shithole country...they don't even accept convicts anymore.

The place was FOUNDED on convicts...and yet they are "too good" to accept any...

Talk about a batch of deplorables...I tell you....

Anyways...a simple question...

Should I load the boat on Kirkland Lake with short term call options?

Asking for a friend....
 

Zed

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Zed - I appreciate your "reports on the ground" form the shithole you call home. And for the record - I consider Australia a shithole country...they don't even accept convicts anymore.

The place was FOUNDED on convicts...and yet they are "too good" to accept any...

Talk about a batch of deplorables...I tell you....

Anyways...a simple question...
Horrible place, please avoid at all costs!
 

Strawboss

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Horrible place, please avoid at all costs!
You know what amazes me - to this day?

I can communicate in real time with an aborigine and IT responds....lol

Edit - Hey Zed...feel free to send me the bill for the new keyboard.
 

Zed

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Should I load the boat on Kirkland Lake with short term call options?

Asking for a friend...
Gold?

I always give myself time to be right, I don't like short expiry.

I'd say we are due to pull back to the lower channel area.
 

Zed

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I can communicate in real time with an aborigine and IT responds....lol
Can you? I find it difficult, they are on a different planet, same country, different planet.
 

louky

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Gold highest sentiment readings since april 2018
Granted dsi didnt nail exact bottom on the way down from april to August. There was one more flush once it hit dec 2015 reading, but eventually it marks top/bottom after getting in a certain zone. so it's still worth noting the reading now @80

download-9.png



Sentiment is at DEC 2015 lows here. Just sayin'
So july reading still very profitable now after $160 move or whatever the opposite way from eventual bottom
 
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louky

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More fake news narrative fromthe white house. I posted since summer gdp spanking coming within 6 months. Now shut down did it

IMG_20190201_080319.jpg


Aug, Sept, oct, nov, dec, jan, ........just in time
 

Goldhedge

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Could this be all the 'excitement' in gold, or is this just a big tease...??


Central Banks' Gold-Buying Spree Reaches 50-Year High

by Tyler Durden
Thu, 01/31/2019 - 15:21


Gold is poised to close out January with a fourth straight monthly gain after the Fed's uber-dovish flip-flop seemed to signal that it’s done raising interest rates (reportedly for a while but that's never happened before)...
 

Goldhedge

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Goldhedge

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Curious about trx.

Lower volume, yet the price stays high. Why wouldn't the price decline with declining volume??

Is this a reflection of the POG? If so, why haven't the rest of the field popped like trx?

Screen Shot 2019-02-01 at 5.36.11 PM.png
 

louky

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6 week old CoT data released, what a scam.....instead of just skipping to current positions


Commercials and sub sector banks (swaps) were racing to get short, fwiw
 

louky

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What is the significance of very high revenue with very little profit?
this is a form of leverage. costs are so high that any drop in revenue from say economic weakness and the company will be forced to either borrow vast sums of money or rapidly downsize
 

louky

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Wonder how shocked market will be when it realizes june hike is back on the table and 50 billion a month in balance sheet reduction will continue ?
 

louky

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Once this bottom finally gets carved out. Think it's going to be a big rally where people sell too early and it keeps going up generally into may or so maybe before the next major sell off into summer. Not saying there wont be pull backs of course.
What's going on? .....hardest part is the realization that this is actually it, even when you saw it coming since two years ago
 
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louky

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I'm really skepical on gold, will have to see what happens 1368-1377. Appears they may just be getting everyone bullish before pulling the rug again
Well, I guess we established significant top april 18 time frame now. Chart of meaningful tops/bottoms hasn't missed in 2 years. Might be opportunity to load the boat july time frame.

2 year old musing flaws, 1) bottom came august and 2) rather than being v bottom to leave everyone behind it's a stealthy bowl. Generally still on track though, with next significant top due around mayish
 
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louky

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QT is over he said

As of 1/30 Fed's B/S shows Assets of $4,039,678, an approximate $7.3B decrease from 1/23 Total of $4,047,050.

SOMA Holdings decreased by $7.1B for same period.

Does not include 1/31's QT day of $11.3B.

Next QT Day 2/15 for $43B

IMG_20190202_074024.jpg


When trump and his main man are talking, they're lying, just like the rest of 'em
 

dpong

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@louky you are some kind of mad genius? Congrats! This is my main thread. Waiting for S&P puts to work out well.
 

Uglytruth

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Why would investors pile into bond funds? Why now? Why heading this direction for 47 weeks? Why would they be running from stocks and locking in low return / no return investments, AT THIS POINT?

Do you have any real inflation data?

Shadowstats says around 5% inflation for the 1990 model and around 9% for the 1980 model. So why would anyone move to bonds to lock in losses?
Cash buried in the back yard would be about the same, metals are manipulated. Seems the only way to make any "return" is to issue credit like credit card companies, auto loans / leasing, payday lending & banksters do.
 

Goldhedge

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@louky you are some kind of mad genius? Congrats! This is my main thread. Waiting for S&P puts to work out well.
He's the brains of the operation...
 

louky

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Bear market rallies, after ~20% declines

SPX up 15% over last 38 calendar days since the low Dec 2018. Since 1957, the average rally before a retest during 19% declines was 14.5% over 36-days.