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Charts from the Lunatic Fringe.

Goldhedge

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Zed

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... but I'm refering to my crop of gold stocks specifically.
 

Goldhedge

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Ah I see... when I hear of a gold stock I always check the chart.

Not that I'm investing in it, just checking the numbers.
 

Strawboss

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... but I'm refering to my crop of gold stocks specifically.
You guys have a stock exchange down there?

Who would of thunk it?

Word up this way is everyone down your way is into sheep and stuff...

You know... BAAAAHHHHHH...and all that...

Are the gold stocks in a bull market down yonder?
 

Zed

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You guys have a stock exchange down there?

Who would of thunk it?
Yeah... fully electronic through to title transfer, been that way for decades. When you guy's get around to upgrading your manual systems you should come have a look see!

Word up this way is everyone down your way is into sheep and stuff...

You know... BAAAAHHHHHH...and all that...
You are thinking New Zealand, cliff tops, push back harder and all that stuff.

Are the gold stocks in a bull market down yonder?
We call it a Roo market... ups and downs but going somewhere fast.
 

Goldhedge

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Zed

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ASX:NST has been solid gold. Some times we get excellence.
 

Zed

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Norwegian Central Bank buying a big chunk of ASX:SBM
 

jelly

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With everything going on recently - ECB reversing course, and Brexit failure - I'm thinking gold might have a shot at 1360 before the fed meeting in a couple weeks. Just an amateur opinion, but we are above 1300, and so far looking good.
Indicators have pulled back, and are ready to support a nice rally in Gold:
sc.png



GDXJ in a similar position. Indicators have plenty of room to the upside. Nice failed break below the 50-DMA with a strong rally to recover. Perhaps we will see $37 by end of the month?
sc2.png



As usual, just musing...
 

Goldhedge

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In case you want to gamble - edit to add 2 of their new planes fell out of the sky. I don't think they're supposed to do that....

Screen Shot 2019-03-12 at 10.19.49 PM.png
 
Last edited:

savvydon

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Solid day for my miners. Although the HUI was up less than a percent, most of my individual miners were running two and three percent up. Feels like a position of strength for the sector at the moment.
 

Zed

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New computer arrived yesterday, damaged in transit, going back today! What fun...
 

Zed

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Solid day for my miners. Although the HUI was up less than a percent, most of my individual miners were running two and three percent up. Feels like a position of strength for the sector at the moment.
You own the upmarket miners! Good place to be.
 

Goldhedge

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Zed

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louky

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1343 spot now and I think youre right, there is a problem. Savvy is correct too with 1350 after hours high on futures, which appears to be it. 1359 needs to be cancelled, sadly. :(
Not much to report since this, just need to watch 1305 pivot for now

Screenshot_20190317-093812_NetDania.png



1278 bottom of inner box, that's why it doesnt just breakdown. All you have to do is watch for support/resistance in this range. So below 1287 bias is down, but it doesnt just collapse, inside inner box



View attachment 122814


Never changes, 1300 don't matter. Need support on 1296 for higher targets. Then 1305 pivot for confirmation
 

Goldhedge

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Need feed back on this support line. Is this enough 'points' to be accurate?

Mux 5yr.png
 

Goldhedge

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Forward looking statements from Moriarty?

Robert Moriarty Discusses Favorite Junior Gold Miners video
Screen Shot 2019-03-19 at 12.30.44 PM.png
 

jelly

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Market seems pretty neutral ahead of the fed tomorrow. Feels like gold could easily go either direction tomorrow after the Fed speaks.
 

Zed

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Need feed back on this support line. Is this enough 'points' to be accurate?

View attachment 126512
Three points in a series of generally higher highs and generally higher lows is considered a trendline. To me the recent trend in that chart is down and you need to break it to the upside before looking for a rising trend.

Others may argue the toss...
 

savvydon

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I think the top was made yesterday. The Fed reserve today said that they won't change interest rates for the rest of the year.
The Fed formally completed the recently telegraphed about face today. They bought themselves almost a full year without the further expectation of further rate hikes. They also gave up the ghost on quantative tightening. Now the big question is how long will they be able to stave off a rate cut. Not much room to maneuver here. 2c