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Charts from the Lunatic Fringe.

jelly

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Weekly chart of the SPY. Hesitation last week when it hit the 50-week moving average.
The 50-week average has been pretty reliable in the past seperating between bull and bear moves.
spyweekly.png
 

Goldhedge

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Amazon credit card "interest" calling market top
Does this mean folks are paying off their cards and not paying interest??
 

Goldhedge

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Swiss Franc Flash Crashes

02/10/2019

One month after various Yen, Lira and Pound cross flash-crashed in the aftermath of Apple's shocking guidance cut, moments ago the Swiss franc was the latest currency to flash crash when the haven currency sold off sharply against dollar and yen and euro just after 5pm EDT, as dealers took advantage of the non-existent holiday liquidity (japan is closed) to execute a stop-loss run, according to Asia-based FX traders quoted by Bloomberg.

As a result, the USD/CHF soared as much as 0.9% to 1.0096 before paring move to be up 0.4% at 1.0045; the CHFJPY slumped 0.4% to 109.22 while the EURCHF surged as much as 1.14081 before paring gains.

However, as so often happens, moments after the initial crash, BTFDers emerged and all of the pairs are now stronger on the day, as the pile up extends this time to the opposite direction.



https://www.zerohedge.com/news/2019...D6xvINH377rpYwldxxNtgtn_CXq8djMXxj3aKQpvK7iKs
 

Zed

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Good green for the ASX goldies today. 3 to 4% range.
 
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PPLT bottom of long term trendline. I'm long
 

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savvydon

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PPLT bottom of long term trendline. I'm long
Platinum continues to get absolutely monkey hammered. Gold to platinum ratio at or nearing generational high. In fact, if current trends continue two oz of platinum will soon be trading for one oz of palladium!
 

Goldhedge

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Just got this in an email. Anyone here subscribe to Clive Maund??


TANZANIAN ROYALTY EXPLORATION BUYBACK ALERT -
now augmented with charts...

originally published Friday, February 08, 2019
by Clive Maund


Further to the email alert just sent out, the half position in Tanzanian Royalty that we sold at the top for a big profit over a week ago should be BOUGHT BACK IMMEDIATELY- the volume pattern suggests that a bull Flag / Pennant is completing and that another strong upleg may be imminent. The email alert read as follows...

"Tanzanian Royalty Exploration buyback alert Volume pattern is typical of a bull Flag / Pennant, so the half position that we sold at the top at about $0.63 (C$0.84) should now be bought back ASAP - prices now at about $0.546, C$0.74. Brief update with chart later." Here is the 3-month chart for the time when the alert was sent out at just after 3.00 EST...



And he is the chart for the close of trading yesterday, showing that it ended the day with a 14.2% gain...


And it would appear that it was your buying that caused almost all of yesterday's gain during the last hour of trading, as is clear from the following 1-day intraday chart, which shows all price and volume action in detail during the day...


While many of you got this message in time, as evidenced by the action of the past hour, I was dismayed to learn that some of you didn't, as a result of using gmail. The point has been raised before that gmail is simply hopeless for our purposes and should be abandoned in favor of a
service that undertakes to route mails through in a timely manner. With respect to this I received the following insightful mail from a subscriber (many thanks Mac)...

Because I now have two email accounts, GMAIL and YAHOO, we can compare the efficiency. This message was received by my Yahoo account at 3:01 pm EST in a timely fashion to make
the trade.

This message came in on GMAIL at 7:53 pm EST, after markets close

RECOMMENDATION

You might want to consider opening a Yahoo Mail account and recommend it to your subscribers, or at least pick one or two of them to add the Yahoo acct and then compare to see if they got the same results that I did. Notify them and then send them the two emails and ask what time they received them.

So there you have it - the solution to this problem has been set out.

Finally it is important to note that although yesterday's action was certainly bullish, it does not necessarily mean that Tanzanian Royalty is starting its next run now - the Flag may not yet be complete and it may zigzag around within it for a while longer yet before the next upleg starts, in which case we might need to adjust its upper boundary slightly. That said there is a fair chance that yesterday's move does indeed mark the start of the next upleg.


Tanzanian Royalty website


Tanzanian Royalty Exploration Corporation, TRX, TNX.TSX, closed at $0.61, C$0.80 on 8th February 19.
 

Zed

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Interesting. Metals getting hammered on a continued stronger dollar currently. Will be interesting to see what the GDX/HUI do.
Flat but green today. We seem solid enough for the moment.
 
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When the markets are strong, then the Feds prop the dollar. I think they found a formula to destroy gold holdings. They have so much power to manipulate anything that they want to do.
 

Zed

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Just got this in an email. Anyone here subscribe to Clive Maund??


TANZANIAN ROYALTY EXPLORATION BUYBACK ALERT -
now augmented with charts...

originally published Friday, February 08, 2019
by Clive Maund


Further to the email alert just sent out, the half position in Tanzanian Royalty that we sold at the top for a big profit over a week ago should be BOUGHT BACK IMMEDIATELY- the volume pattern suggests that a bull Flag / Pennant is completing and that another strong upleg may be imminent. The email alert read as follows...

"Tanzanian Royalty Exploration buyback alert Volume pattern is typical of a bull Flag / Pennant, so the half position that we sold at the top at about $0.63 (C$0.84) should now be bought back ASAP - prices now at about $0.546, C$0.74. Brief update with chart later." Here is the 3-month chart for the time when the alert was sent out at just after 3.00 EST...



And he is the chart for the close of trading yesterday, showing that it ended the day with a 14.2% gain...


And it would appear that it was your buying that caused almost all of yesterday's gain during the last hour of trading, as is clear from the following 1-day intraday chart, which shows all price and volume action in detail during the day...


While many of you got this message in time, as evidenced by the action of the past hour, I was dismayed to learn that some of you didn't, as a result of using gmail. The point has been raised before that gmail is simply hopeless for our purposes and should be abandoned in favor of a
service that undertakes to route mails through in a timely manner. With respect to this I received the following insightful mail from a subscriber (many thanks Mac)...

Because I now have two email accounts, GMAIL and YAHOO, we can compare the efficiency. This message was received by my Yahoo account at 3:01 pm EST in a timely fashion to make
the trade.

This message came in on GMAIL at 7:53 pm EST, after markets close

RECOMMENDATION

You might want to consider opening a Yahoo Mail account and recommend it to your subscribers, or at least pick one or two of them to add the Yahoo acct and then compare to see if they got the same results that I did. Notify them and then send them the two emails and ask what time they received them.

So there you have it - the solution to this problem has been set out.

Finally it is important to note that although yesterday's action was certainly bullish, it does not necessarily mean that Tanzanian Royalty is starting its next run now - the Flag may not yet be complete and it may zigzag around within it for a while longer yet before the next upleg starts, in which case we might need to adjust its upper boundary slightly. That said there is a fair chance that yesterday's move does indeed mark the start of the next upleg.


Tanzanian Royalty website


Tanzanian Royalty Exploration Corporation, TRX, TNX.TSX, closed at $0.61, C$0.80 on 8th February 19.
Sorry I duped your post, brain fart... scattered focus at the moment. Life is hectic on a few fronts.
 

Zed

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PS> Solid green down here today with the ASX goldies... + ~6.5% on average.
 

Zed

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savvydon

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Wifey was a little shocked today when I turned in my numbers. I was telling her the thing with this is we have not even got going properly, gold stocks are still pretty much the red headed step child of the market. When this runs hard it should be stellar.
Man, I have been waiting a long time to show those close to me that on a financial level I don't have my head up my arse.
 

louky

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Last edited:

louky

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PPLT bottom of long term trendline. I'm long
Platinum continues to get absolutely monkey hammered. Gold to platinum ratio at or nearing generational high. In fact, if current trends continue two oz of platinum will soon be trading for one oz of palladium!
Screenshot_20190213-103223_NetDania_2.png



Magic 8 ball told me platinum needs to make one more bottom before crossing this trend line




I should also mention 2003 called and said it's prices are coming back
Just carving out that obvious bottom that was coming since years and years ago
 
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jelly

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Action in the miners today looked a bit bearish. There's a chance we are setting up to take a tumble.
Also, silver fell through short term support.
 

louky

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louky

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All I know for sure is 1278 in focus, 1305 historical pivot above and 1318ish-1322ish is big fib zone of current moves

1318 Close = 76.4% of 1360 to 1184 on a closing basis.

1318 = 76.4% of 2016 High at 1377 to December 2016 low of 1124.

1322 = 76.4% of 1369 to 1167 on an intraday basis
Daily candles
Screenshot_20190213-175347_NetDania.png
 

Goldhedge

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Sorry I duped your post, brain fart... scattered focus at the moment. Life is hectic on a few fronts.
No problem Z
 

Zed

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Man, I have been waiting a long time to show those close to me that on a financial level I don't have my head up my arse.
I know the feeling. It's easy to understand how the herd dynamic works against you once you have invested in gold. The really hard bit will be selling when it's all going swimmingly well, there will be 1000 reason to own it then and it will still be a bad idea. I'm resigned to being the social black sheep re investment.

Anywhooooo.... giving back today. ~ 1.5%
 

Goldhedge

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Stocks Tumble Into European Close After Rubio Buyback-Tax Bill Tweet

by Tyler Durden
Wed, 02/13/2019 - 11:36

As the European close loomed, Marco Rubio doubled-down on his anti-buyback rhetoric from yesterday, tweeting that he will soon be filing a bill to change the taxable status of the only thing that is keeping stocks afloat...


As one would expect, US equities tumbled...




Erasing the opening ramp and overnight gains...



If buybacks are removed - who will BTFD?
 

savvydon

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Stocks Tumble Into European Close After Rubio Buyback-Tax Bill Tweet

by Tyler Durden
Wed, 02/13/2019 - 11:36

As the European close loomed, Marco Rubio doubled-down on his anti-buyback rhetoric from yesterday, tweeting that he will soon be filing a bill to change the taxable status of the only thing that is keeping stocks afloat...


As one would expect, US equities tumbled...
Right. why wouldn't they tumble when someone with power speaks the truth and shines a light on the pile of rubble they are elevated on.
 

Strawboss

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What does BTFD mean??
As a mod it is incumbent upon you to be up on certain "things"...

Such as....

lol
btfd
bteotfwd
stfr
omg
roflmao

If you arent aware of these things - how can you ensure the safety of this forum against us being attacked by muslim terrorists disguised as trannys?

/sarc
 

Goldhedge

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US Retail Sales Collapse In December: Biggest Drop In A Decade

by Tyler Durden
Thu, 02/14/2019

While Bank of America had warned investors to brace for a dismal retail spending print in January, expectations remained positive (albeit just a 0.1% MoM move) for December's (delayed due to shutdown) official spending data today. As a reminder, on Tuesday we reported that retail sales ex-autos, as measured by the aggregated BAC credit and debit card data, tumbled 0.3% month-over-month seasonally adjusted in January - the biggest drop in three years. This followed a flat reading in retail sales ex-autos in December.



Turning to the January BAC internal data, in January, spending for 4 out of 14 sectors increased in the month, showing broad-based weakening.

As a reminder, Retail Sales for the Control Group soared in November (+0.9% MoM) so some slowdown was expected; but, the government's official retail spending data for December confirmed BofA's concerns and plunged...

That is the biggest MoM drop in retail sales since 2009 for the headline and the biggest drop in the control group since the 9/11 attacks in 2001!...



Which sent the Year-over-year retail sales data reeling...





“These numbers are horrible,” said Ward McCarthy, chief financial economist at Jefferies LLC.​
“It appears to contrast quite sharply with reports of Christmastime sales that were generally seen as quite healthy,” and for the Fed, “rate normalization is on the back burner for a long time to come.”​

This is the worst December retail sales print since 2008 (and 2nd worst in history)...


The disaster was broad-based...

But most notably, December online internet sales (non-store retailers) tumbled 3.9% MoM - the biggest drop ever



(oddly with Amazon claiming record holiday sales for the same month).



Needless to say, this will be a disaster for Q4 GDP forecasts which we now expect to print in the low 1% range.

BofA remains pessimistic:

"While there are a number of special factors that skew the data, the softening of late has revealed the weakest trend for consumer spending since mid-2016."
And finally, we guarantee the words "pent up demand" will be uttered today on CNBC as the latest excuse for why the US consumer is crushed.
 

stAGgering

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10:00 - 16:16 is Chart Talk.

0:00 - 10:00 is reality check or recognition of disconnected.
16:16 on is promo talk.

Gold down $200.00 ?! ! !
"It's gonna look a lot like Christmas !"
Just show me the $1150 I have been expecting since...


 
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Zed

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I don't think that we are long term over bought enough for $200 down... the monthly isn't that extended.

Anything can happen but the tech setup suggests that is less probable.