• "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Charts from the Lunatic Fringe.

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,161
Likes
12,574
Location
Just behind you.
Viewed in this light today was a pretty magical day for the POG.
Goldbugs and medical people often like thier humour served dark and dry.
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,161
Likes
12,574
Location
Just behind you.
If it doesn't come through, then it's not a cup and handle. Oh I kill me.
True, the pattern is confirmed by the upward break. The projection, on the other hand, could be complete and utter levitating bull pucky!
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,161
Likes
12,574
Location
Just behind you.
Healthy gains down here... Goldies found the uppers in the back of the bathroom cupboard today.
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
Joined
Mar 28, 2010
Messages
41,777
Likes
65,936
Location
Rocky Mountains
When this Change Occurs, Watch Out Above!

webbotreader (47) in investing • 16 hours ago
Great and Wonderful Tuesday Morning Folks,

Our Tuesday morning start up shows us Britain’s complete disdain for the precious metals with Gold trading at $1,281.40, down $2.40 and as usual, right there were the low is at $1,281 with the high at $1,284.90 in what can only be called a super tight trading range for the oldest currency in the world. Silver, the money of the masses, is trading at its low at $14.82, down 10.7 cents with the high at $14.955. If it’s all about our Dollar boy are we in trouble with the value pegged at 97.325 up only 5.7 points with its high at 97.345 and the low of 97.135, all of this is done way before 5 am pst and our Comex open.

more at link
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,161
Likes
12,574
Location
Just behind you.
DJI Monthly

Looks like a broadening top. I'd say that the 22K level is a line in the sand that it needs to stay above.

2c FWIW.

DJI-M-20190507.png
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
Joined
Mar 28, 2010
Messages
41,777
Likes
65,936
Location
Rocky Mountains
Boing? Or should that more correctly be spelled Boeing?
Gold must be using that new ‘stall detector’ that "autopilots" on a whim...?
 

louky

Silver Member
Silver Miner
Joined
Jun 8, 2014
Messages
8,043
Likes
4,947
Location
Bluegrass
Stairway to heaven.......right on 1287 now. Top of inner box.

Last edited: Today at 5:43 AM
I posted this morning, "probable backtest coming "...on 78, but edit it out. Looks normal so far...close hedges now. approaching bottom of inner box...


Screenshot_20190508-121602_NetDania.png
 
Last edited:

Strawboss

Home Improvement Sales Trainee...
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
5,225
Likes
9,141
Hey Louky - did you ever figure out where this thing is gonna go once it gets out of this 1251-1296 box thing? Are we heading up...or smashing and crashing?

Asking for a friend...
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
2,015
Likes
1,701
@Strawboss Sold half my SPX puts on a doubling of purchase price. Like you said. Have sell order on half remaining on next doubling. Which likely will not occur, but hey.
 

louky

Silver Member
Silver Miner
Joined
Jun 8, 2014
Messages
8,043
Likes
4,947
Location
Bluegrass


1296
1287
1278
1269
Historical levels, posted for years
As far as current chart, that 1290 level needs a sustained break.

Historically speaking, NCN....1296 top of the box, 1305 pivot becomming support is conformation of next attempt at 1359 (bottom of upper moon box)
 

louky

Silver Member
Silver Miner
Joined
Jun 8, 2014
Messages
8,043
Likes
4,947
Location
Bluegrass

louky

Silver Member
Silver Miner
Joined
Jun 8, 2014
Messages
8,043
Likes
4,947
Location
Bluegrass
Bid closed the week right on top of 78, bottom of inner box
Last friday closed on top of 78.....this friday?

View attachment 131425

Perfection on the backtest and now 1287 is target again

View attachment 131301
Did i mention it never changes? Forever and always....NCN

1269-78-87-96
Stairway to heaven
What's going on guys? My Kitco tracker was on 87 frozen all weekend, now popped to 96 immediately

Screenshot_20190513-090906_Google.jpg
 

jelly

Silver Miner
Seeker
Joined
Dec 6, 2010
Messages
907
Likes
709
Gold may be running, but the miners are shrugging it off. This doesn't really have the appearance of a real gold rally just yet.
gdx-gold ratio still declining. Looks like it's getting close to a good buying point, but I'm waiting for a signal that it's actually going to start moving. Maybe if gold get's above Louky's 1305?
g-g.png