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Charts from the Lunatic Fringe.

Strawboss

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Tesla just has to hit the wall, crony capitalism its best. Elon should be screwed when the big brands get into this market.
I have been burned 2x shorting Tesla in the past. There is not gonna be a 3rd for me.

I totally agree with your assessment by the way. I have believed for years that Tesla is a fraud...but still managed to figure out a way to lose money on it...lol
 

Zed

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I have been burned 2x shorting Tesla in the past. There is not gonna be a 3rd for me.

I totally agree with your assessment by the way. I have believed for years that Tesla is a fraud...but still managed to figure out a way to lose money on it...lol
Yeah, the short is a wealth hazard... but when she goes there is an army waiting to ride that fucker to zero.

GM style rescue anyone?
 

Zed

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MOVE Index ..... anyone got a chart source?

It's bond market volatility, many consider it to be the canary in the coal mine for 2019.
 

Zed

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savvydon

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Even though they are both at five year lows the gold chart looks especially comatose. Move along... nothing to see here.
 
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Zed

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MOVE Index ..... anyone got a chart source?

It's bond market volatility, many consider it to be the canary in the coal mine for 2019.
Seems to be a Merrill Lynch proprietary thing.
 

savvydon

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The long view... Gold Monthly. The "get excited" lines are clear.

View attachment 130700
When you step back and look it becomes really hard not to see a several thousand $ POG sometime in the next several years. Just sayin'...

What is that light red line below all the action, the 'Harry Dent you are an oracle' moving average?
 

jelly

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I think the bull potential has been negated by the miners. Though gold hasn't fallen out of the wedge quite yet (though its sitting on the bottom of the wedge) Mining shares have completely broken down. Likely to take gold with it. I'd put money on 1251 coming soon...
The only hope left is to have a clear bullish reversal in the mining shares today.

Zed's view?
Bullish argument. Take your pick given the setup posted below and the one posted above: Bullish or bearish?
View attachment 130605
 
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jelly

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Noone is talking oil right now. Precursor to a stock market correction?
Anyway, playing around with tradingview, potential Fib retracements. I'd target $57.5 for the initial lows on the pullback.
oil.png
 

savvydon

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I think the bull potential has been negated by the miners. Though gold hasn't fallen out of the wedge quite yet (though its sitting on the bottom of the wedge) Mining shares have completely broken down. Likely to take gold with it. I'd put money on 1251 coming soon...
The only hope left is to have a clear bullish reversal in the mining shares today.
I'll take it one more day out and say that if we don't see a strong close for the week with the miners then it feels like we are in the weeds for a bit. Won't be the first time I find myself on the wrong side of an options bet.
 

Goldhedge

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Martin's a dollar bull...
He's always been a $ bull. When the world economies implode they will seek safe haven...
 

Zed

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What is that light red line below all the action, the 'Harry Dent you are an oracle' moving average?
Yeah, when I flick from daily to monthly the chart keeps the MA so they are crazy long MA's
 

Zed

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He's always been a $ bull. When the world economies implode they will seek safe haven...
Yeah, he just gives some historical examples there.
 

savvydon

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Martin's a dollar bull...
That’s about the entirety of what I was able to glean. Martin talking economics and me reading him is like reading Sanskrit to a donkey. Kinda makes me feel like I should hang up all this market attention and go plow the garden or something.
 

Zed

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Gold Daily... 200DMA looking good for a tag.

AU-D-20190305.png
 

Zed

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That’s about the entirety of what I was able to glean. Martin talking economics and me reading him is like reading Sanskrit to a donkey. Kinda makes me feel like I should hang up all this market attention and go plow the garden or something.
He is amazingly clear and pragmatic IMO.
 
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Gold Daily... 200DMA looking good for a tag.

View attachment 130797
Zed, that's a very good chart. It remains to be seen if gold makes it above 1300 now then that would take it much higher. I notice that the first decline was steep followed by more shallower declines, not sure if that is an early sign or we have a freefall. The feds are scared as sh*t so they probably going to prevent that. how they do that, I dunno know.
 

Goldhedge

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Tesla just has to hit the wall, crony capitalism its best. Elon should be screwed when the big brands get into this market.
Well, he did give away Tesla tech...
 

Zed

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Zed, that's a very good chart. It remains to be seen if gold makes it above 1300 now then that would take it much higher. I notice that the first decline was steep followed by more shallower declines, not sure if that is an early sign or we have a freefall. The feds are scared as sh*t so they probably going to prevent that. how they do that, I dunno know.
I think this price action is somewhat engineered. Money to be made all things considered about the setup.
 

Zed

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Gold 4 hour.

Potential basing action going on now. The 200DMA may have to wait a little. Friday's action will tell.

AU-4H-201903051205.png
 

Zed

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Well, he did give away Tesla tech...
His problem is that he doesn't know how to mass produce cars. The tech is fine but the cars are not designed to build in the way that the mass automakers do. That leads to quality and time issues. The others were always going to catch up with his tech and new battery tech will probably give late entrants an advantage.

Plus the whole control freak attitude to the cars, worse than Apple, that will only appeal to the faithful. It's a government-sponsored religion, not a car company making a profit.

JMO.
 

Zed

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Right. I wasn't fussing about Martin's abilities, I was lamenting about the lack of mine.
Oh I know... his clarity normally makes me think why the fuck wasn't I thinking that way.
 

Zed

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Flat down here in the land of Oz
 

savvydon

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Big day tomarra here. The jobs report should give TPTB an excuse to spin markets any way they see fit. GDX is oversold with RSI below 30. How low can you go?
 

Zed

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Big day tomarra here. The jobs report should give TPTB an excuse to spin markets any way they see fit. GDX is oversold with RSI below 30. How low can you go?
The "cartel" will probably be buyers into any liquidity squeezed out of the spin. Time to cover short?