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Charts from the Lunatic Fringe.

Zed

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So would you go for the real deal or the ersatz?
..... You will not have a choice IMO. More later when I'm back on my desktop confuzzer.
 

Zed

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Who buy's this stuff?
 

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Strawboss

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Zed

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Zed

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So would you go for the real deal or the ersatz?
Once they go this route of gov gold crypto the next logical step is to lock out any competition, BTC, private gold backed crypto and gold itself. The move will be designed to address the growing concerns with and perhaps a crisis FIAT, the gold backing will address that (provided they are honest and transparent with it) but they will need to lock down all competition. At the end of the day, until the revolution comes, the guys who write the rules and have the big guns will protect their interests. IMO if you hold gold long term you will end up with an offer of gov gold crypto in exchange, an offer you can't refuse.

This is coming and once it starts it will go global. IMO the next crisis may be the vehicle that starts its introduction.

JMO.
 
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Zed

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By the looks of it, QT is damn near paused. Returning to QE is next logical step.
Save that the closer you get to zero the less it works.

A drunk welcomes the 2,3,4th drink but by the time you get to 15 he is a little less enthusiastic!
 

Zed

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ASX Goldies off to a soft start today - 0.5% on my book.
 

Zed

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The 4 hour gold chart as I see it. Getting down into rally territory again. Say 1335 low on a 4hr candle closing over support, probably pre-announcement with a rally post announcement.

AU-4H-20190619-1.png
 

Zed

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ASX Goldies flat but slightly red today. FOMC jitters I guess.
 

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So, thanks to a little run in the access market today, we managed to close the day above Louky’s 1359. Are we officially ‘in the box’? Will be interesting to see if we can consolidate gains here.

BTW, short of a two day miracle, it looks like I am going to pull up just a hair short on the truckload of GDX June calls I have. Looks like I hit a home run ball that just faded and curved foul. I did manage to sell some of my other GDX contracts at a healthy profit, so I will come out ahead. Still, I was oh so close!... I think going forward you have to make your call based on fundamentals and technicals and then stay close to the money. Too far out and you can miss even when your mechanicals were sound. 2c
 

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Gary Savage on Gold Breakout:
Gary says we should have already been "in" the market, but how much could one have made today from the small 'blip' that occurred today?

I'm thinking if one holds shares (GDX, GDXJ et al) it's a long term position that one rides and doesn't trade.

I'm no day trader... nor do I hold the above, but I'm thinking now is the time to hop on the share train....
 

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Miners are percolating. Things are heating up. I'm wondering if we breakout above 1400 first before we have a pullback to reduce commercial long positions? Or maybe it will puke first thing in the morning?
Should be a very interesting rest of the week. Keeping an eye on Louky's boxes for now.
 
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Zed

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Back up to $1380 now. This thing has the feel of a powerful move.
ASX Goldies.... +~7% with 1.5 hrs to trade. Setting records today. Today our arse is on fire and we are blazing a trail through the stratosphere! While good this is slightly concerning. Should we slow down our arse may end up with third-degree burns!
 

Zed

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Is it too early to be posting al bundy dancing gif's?
Plz don't. If you could stubbornly refuse to acknowledge golds ascent that would be just dandy.
 

Zed

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Zed

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My three ASX Gold Stock portfolios did +8.7% , +7.6% , +8.6% and that ladies and gentlemen is a record day.

Now where did I leave those worry beads?

I like success, but too much too fast is worrying.
 

Zed

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Looking @ some of my gold stock charts and I'd say we have a little more to go before we correct.
 

Zed

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