• "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
14,154
Likes
12,569
Location
Just behind you.

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
DXY Monthly - Still on its way to troublesome levels! I'm still a USD bull here... but also a Gold bull!

DXY-M-20190813.png
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
Gold 4H now looking better, that should start to cheer gold stocks up. See if we can close a 4H session over 1520!
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
Silver 4H ---> Current projections.

XAGUSD-4H-20190813-1.png
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.

Strawboss

Home Improvement Sales Trainee...
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
5,193
Likes
9,069

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
Joined
Mar 28, 2010
Messages
41,777
Likes
65,929
Location
Rocky Mountains
Miners put in a reversal today, but gold broke out. Mixed signals. The diversions tells me we should be heading lower now. But as long as gold is of the most recent break out level, it’s still bullish
What miners are you watching?? GDX, GDXJ or specific like RGLD, ABX?
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
Gold 4H now looking better, that should start to cheer gold stocks up. See if we can close a 4H session over 1520!
Looking like she is on her way!

XAUUSD-4H-20190813-2.png
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
Miners put in a reversal today, but gold broke out. Mixed signals. The diversions tells me we should be heading lower now. But as long as gold is of the most recent break out level, it’s still bullish
The miners are playing by the old rules and it looks like Gold is busy defining a new trading character. They are, prehaps rightly, (like Bob) cautious here. They will likely get a bump from short covering if gold keeps this up.
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
Germany's 2 biggest banks...worth a combined $19 billion...and yet they have counterparty risk measured in the 10s of trillions...

Whats a little leverage among friends, right?
 

Strawboss

Home Improvement Sales Trainee...
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
5,193
Likes
9,069
Glad I cut 1/3 of my positions last weeks and picked up some cheap DUST calls...if this is a correction to back test the 1359 area I will be nicely set up to take advantage of that...
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
Joined
Mar 28, 2010
Messages
41,777
Likes
65,929
Location
Rocky Mountains
Joined
Oct 16, 2010
Messages
241
Likes
138
I wouldn't short here at all, for some odd reason gold is going to break new highs soon. The only thing that would get me wrong is the China-US trade. Latest "BREAKING: US Trade Rep. announces that some of the 10% tariffs will be delayed until December 15. Cell phones, laptops, video games, certain toys, and certain shoes/clothes won't be hit until Dec. 15 (aka after the big holiday rush to ship products from China)"
 

Weatherman

In GIM since 2006
Gold Chaser
Site Supporter ++
Joined
Mar 30, 2010
Messages
2,881
Likes
3,469
It may just be wishful thinking, but I would love to see a hard V shape recovery to new highs after the bankster smack down.

charts.jpg
 

Strawboss

Home Improvement Sales Trainee...
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
5,193
Likes
9,069
Last night...no additional targets posted of course.....until it's support
Me thinks that in the not too distant future - gold will move through multiple boxes in a single day...up and down...

Extreme volatility is on the menu...
 

Strawboss

Home Improvement Sales Trainee...
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
5,193
Likes
9,069
Maybe, i'm just posting the numbers that are significant based off all history
Would you be adverse to posting the significant numbers between here and say $2000. I think that might be helpful if we start getting $100+ swings (we just had a $50 swing today)...
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
Gold 4H - Well, well, well... some one is crapping their pants. All guns blazing on the Comex in the biggest down 4 hour candle in quite some time. The HUI and GDX response was telling. While they where selling prior to the belting they were not selling so much after the belting. The HUI had a squat candle and the GDX saw some good buying off the low. Huge volume down prior and stuff all after. Thier main problem is that those in gold at this point in time are of high conviction. All they are achieving is setting up the short squeeze that will propel us higher in the end.


XAUUSD-4H-20190814-1.png
 
Last edited:

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
Same as above with volume switched on. Albeit CFD volume and not futures!

XAUUSD-4H-20190814-2.png
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
DXY 4H with Gold - Leveraging the pop in the greenback no doubt! .... but the correlation guys, the correlation! It's a brave new world for the goldbugs, USD goes up and so does gold, USD goes down and gold goes up! WTF?! LOL.


DXY-4H-20190814-1.png
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
Setting up for a 6% smack down on the open in the ASX goldies!
 

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.

Zed

Intergalactic Chart Arse
Midas Member
Site Supporter
Joined
Mar 30, 2010
Messages
14,154
Likes
12,569
Location
Just behind you.
Where did they think ultra low rates were going!
 

Attachments

itsamess

Gold Member
Gold Chaser
Site Supporter ++
Joined
Jan 4, 2013
Messages
1,122
Likes
2,099
Following the theme...
"
The downturn in the automobile industry is a significant obstacle for
Prime Minister Narendra Modi's government because autos account
for 50% of India's manufacturing output.
" Uh Oh.