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Charts from the Lunatic Fringe.

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?
 

Goldhedge

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Zed

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Nuthin to see yet but here I have a serve of Golden Ratio Hop-tom-ism.

Fibo projections should we break northward. $1360 being a bit of an "all clear" level. Note that the 1.618 and 2.618 numbers are right one levels thought to be important many years ago. Both logical rally targets with the critical ~$1360 area right in the green "totally doable" zone.

AG-D-20190605.png
 

Zed

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Silver Daily .... Enough already! Time to rally.

AG-D-20190605.png
 

Zed

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Mildly green in the gold down here this AM.
 

Goldhedge

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Zed

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Today's magic numbers are ....

AU-D-20190705.png
 

louky

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dpong

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If it doesn't come through, then it's not a cup and handle. Oh I kill me.