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Charts from the Lunatic Fringe.

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.
 

Zed

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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

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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

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Healthy gains down here... Goldies found the uppers in the back of the bathroom cupboard today.
 

Goldhedge

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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

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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

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Boing? Or should that more correctly be spelled Boeing?
Gold must be using that new ‘stall detector’ that "autopilots" on a whim...?
 

louky

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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

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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

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@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.