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Charts from the Lunatic Fringe.

louky

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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

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louky

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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

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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
 

louky

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Sentiment

Granted dsi didnt nail exact bottom on the way down from april to August. There was one more flush once it hit dec 2015 reading, but eventually it marks top/bottom after getting in a certain zone. so it's still worth noting the reading now @80

View attachment 123401




So july reading still very profitable now after $160 move or whatever the opposite way from eventual bottom
 
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Platinum not really doing what I expected
 

Zed

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Gold appears to have broken out of the consolidation pattern. Let's see where this closes today.
View attachment 131661
Looks OK.

AU-D-20190514.png


HUI is depressed about it. That is either a very good or very bad sign.

HUI-D-20190714.png


... meanwhile, @ the ass end of the world gold stocks that I like are up ~5%.
 

Goldhedge

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Zed

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I dunno that I would be booking the funeral just yet. On the weekly we do have what appears to be a triple top BUT confirmation comes with a break of ~22K, mebe 23550 given the last break of what looked to be a double top occurred around that level.

DJI-W-20190514.png
 

savvydon

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Looks OK.

View attachment 131671

HUI is depressed about it. That is either a very good or very bad sign.

View attachment 131672

... meanwhile, @ the ass end of the world gold stocks that I like are up ~5%.
IF we get another good day from gold closing above, say, Louky's magic 1305, it is hard for me to imagine miners not coming along for the ride.
 

Zed

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Just watched an interview with Niel Howe coauthor of "The Fourth Turning" on Real Vision. I recall the book from years ago and had not thought about it for years. We are headed for some sort of violent crisis, that much seems evident. What is not so clear is who wins... demographics suggest that we are headed for some sort of collectivist nightmare! Amazing considering the Gen X period was supposed to be marked by 'individuality'. Seems to me that I started out with too much governance and have been subjected to ever-increasing amounts of it! I'd hoped that we'd realise that the government WAS the main problem but it seems that the odds are against that. It would appear that we have to go to 'socialist hell' before we get a reprieve. I will be dead by then.
 

Zed

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IF we get another good day from gold closing above, say, Louky's magic 1305, it is hard for me to imagine miners not coming along for the ride.
I'm hoping that the US gold stocks are simply reflecting max disdain for gold stocks, this would be the bullish case. Given the current price I tilt to this view. If we were trading higher I'd be more concerned about lack of confirmation.
 

jelly

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So far, just a healthy pullback and test of the breakout in gold. We need to head higher soon if this is going to be a real breakout. In gold it's rarely this easy, so I wouldn't be surprised if they make it drop to negate the breakout.
Miners still not believing it. If GDX can get above $21 this week, i would take that as confirmation that there's some more upside in gold in the near term.
Daily chart, followed by an hourly chart showing a test of the breakout. Zed may have been right after all.
gld-dly.png
gld-hrly.png