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Charts from the Lunatic Fringe.

louky

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Gary Savage on Gold Breakout:

A lot of hate for gary in the past from trading community in general. For the record, he was pounding the table from last summer 2018 low. 90% of other bloggers, wave people etc were calling for new lows. Trendline/goldadvisor guy for example that staggering posted over and over.
 

Strawboss

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New multi-year high in gold; new 52 week high. Surely that has garnered the attention of all sorts of fund money - both here in the US and abroad.

I am hopeful for a pullback...I really want to see 1359 tested for support. I think that would be a great point to really load the boat, perhaps even reload on some LEAP options that are not too far out of the money at that point.
 

louky

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1359 bottom of the box

[1368-86] inner box

1377 midpoint magnet

1395top of the box
Fun with numbers....

1386 top of inner box, posted for 2 years here. Goldies pinned on it mostly today on my kitco tracker

Did you know that 1385.xx is 38.2 retracement of the move from 1923 in 2011 to 1045 in 2015?

Screenshot_20190620-124447_Samsung Internet.jpg
 

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Goldhedge

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What magical number is it where we can actually say "And they're off!" like in the horse races?
 

BigJim#1-8

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coininfo.com has spot prices updated by the minute.
 

Goldhedge

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There's a stiff one if ever....

5 years
Screen Shot 2019-06-20 at 3.28.48 PM.png


5 days. Some banker soiled their shorts??

Screen Shot 2019-06-20 at 3.31.23 PM.png
 

Zed

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Probing that 1395 level again. Buying coming into play in Honkers again. I'm thinking that this prints 1420 before we take a breath.
 

Zed

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10 mins in down here and we are 1% off. Profit takers are getting out early but I think we might go green by this afternoon.
 

savvydon

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What a day. I was way the hell out of the money on most of my GDX 25 calls that expire tomorrow and then they came roaring back. Got above break even on them and did some ass kicking on my Sept calls. A rare day of trading that played out just right.
 

Zed

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A strong weekly close would really be the cherry on top of the sundae here.
Yeah, we will see. Due for a breath, depth and duration will be interesting. Most of my charts just look like there is a little more in this move and I guess we will criss-cross 1400 a few times before we are done with it so a top price of 1420 would not surprise me.
 

Zed

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40 mins in and I'm flat for the day.
 

Zed

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10 mins in down here and we are 1% off. Profit takers are getting out early but I think we might go green by this afternoon.
~+1% now.

Gold looking toppy.

We might still tag 1420 but I'm thinking that the air is thin up here for now.
 

Zed

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... may even be 1430. Call it 20/30 area.
 

Zed

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DXY looking like it is putting in a bottom... that will clip golds wings short term. Gold needs to breathe here, don't be disappointed she takes a break, we have done good work... time to consolidate it.

DXY-1H-20190621-1.png
 

Zed

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The 1H gold chart looks to be generating a high-level consolidation (a flag formation). If this resolves with a break upward the target is in the 1425 area.

AU-1H-20190619-1.png
 

Zed

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ASX Gold stocks getting a case of nerves going into the end of the day. Slightly red now, been trending down for a few hours.
 

Zed

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louky

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Once this bottom finally gets carved out. Think it's going to be a big rally where people sell too early and it keeps going up generally into may or so maybe before the dump into summer. Not saying there wont be pull backs of course.
Keeps running and running.......wowza....nice thing about physical is you don't miss the ride to mars and beyond when it finally comes :p