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Charts from the Lunatic Fringe.
- Thread starter Zed
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Corrections in a bull market are swift, short and brutal...
But they are also awesome buying opportunities...
For any newbies...here is my best advise...
Once you build your position in the PM space...sell 1/3 of your position into strength (sell it when you are tempted to buy more)...and buy it back when you are tempted to sell it all... that is the essence of buy low and sell high...
But they are also awesome buying opportunities...
For any newbies...here is my best advise...
Once you build your position in the PM space...sell 1/3 of your position into strength (sell it when you are tempted to buy more)...and buy it back when you are tempted to sell it all... that is the essence of buy low and sell high...
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Charts? You want charts with your TA??? OK, the link below has 6 charts that are well worth seeing. For example, I am happy to salute this flag chart:
The text portion of the link is also well worth reading. For example, this note of caution seems right on the spot to me:
Enjoy! http://www.321gold.com/editorials/thomson_s/thomson_s_081319.html
The text portion of the link is also well worth reading. For example, this note of caution seems right on the spot to me:
Enjoy! http://www.321gold.com/editorials/thomson_s/thomson_s_081319.html
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Silver Creating A Huge Bullish Cup & Handle Pattern?
by Chris Kimble | Aug 13, 2019 | Kimble Charting
Is Silver creating a multi-decade bullish Cup & Handle pattern? Possible!
Silver peaked at $50 in the early 1980s and then proceeded to fall for years. It peaked again at $50 in 2011 and it has declined for the past 8-years.
The two peaks at the $50 level could be the top of a bullish cup and handle pattern.
One this is for sure, Silver has been very weak over the past 8-years, as it has declined over 65%! The 8-year decline in Silver has created a uniform falling channel.
The move higher in Silver of late does have it breaking above the falling channel at (1). This breakout sends a bullish message to Silver owners.
The next important resistance test for Silver comes into play at the $17.64 level!
What would it take to determine if Silver has created a multi-decade bullish cup and handle pattern? A clean break above the $50 level, which is still a “long, long” way off!
–
by Chris Kimble | Aug 13, 2019 | Kimble Charting
Is Silver creating a multi-decade bullish Cup & Handle pattern? Possible!
Silver peaked at $50 in the early 1980s and then proceeded to fall for years. It peaked again at $50 in 2011 and it has declined for the past 8-years.
The two peaks at the $50 level could be the top of a bullish cup and handle pattern.
One this is for sure, Silver has been very weak over the past 8-years, as it has declined over 65%! The 8-year decline in Silver has created a uniform falling channel.
The move higher in Silver of late does have it breaking above the falling channel at (1). This breakout sends a bullish message to Silver owners.
The next important resistance test for Silver comes into play at the $17.64 level!
What would it take to determine if Silver has created a multi-decade bullish cup and handle pattern? A clean break above the $50 level, which is still a “long, long” way off!
–
lousy, another stats that is even more demoralizing:
"The 401k has been a disaster for most Americans: Only 44 percent of private sector workers participate in a defined contribution plan."
a must read!!! This is really where the money went. Your retirement savings chart is inflated because of a few super savers that messes up the actual median savings: https://www.cnbc.com/2019/04/01/the...st-will-be-unable-to-afford-a-solid-life.html
added to here: One thing I want to add to that, how are hospitals going to be able retain their employees? Same with private practice and dentists... this is going to be a fiscal nightmare for the whole system when people can't pay up. (I posted both places, too much trolling the post, sorry about that lol)
"The 401k has been a disaster for most Americans: Only 44 percent of private sector workers participate in a defined contribution plan."
a must read!!! This is really where the money went. Your retirement savings chart is inflated because of a few super savers that messes up the actual median savings: https://www.cnbc.com/2019/04/01/the...st-will-be-unable-to-afford-a-solid-life.html
added to here: One thing I want to add to that, how are hospitals going to be able retain their employees? Same with private practice and dentists... this is going to be a fiscal nightmare for the whole system when people can't pay up. (I posted both places, too much trolling the post, sorry about that lol)
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I agree that if that's all someone 60-69 has to retire on they're in big trouble. Most intelligent old timers have a wide reaching portfolio where they have wealth stored in a significant number of assets sensitive to a number of different economic environments. Spread and store your wealth far and wide and you will sleep well at night knowing that you may never get rich using that strategy but, you'll always be solvent!
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The mark-up phase should become real buy the dip territory but for now we are still getting established. My personal take, and what I would try and do if I where an 'evil bankster' is if the market was turning against me I would go for volatility just to scare the crap out anyone who wasn't of the highest conviction. The problem with this is that as you go one it gets more expensive and you end up fighting more and more high conviction players hence getting caught short becomes a bigger danger.
ASX market heat map as of 11:15 AM EST Australia.
... ASX Goldies are green and there are green gold stocks in the "most active lists" but mostly it is a see of red in the non gold stocks.
It is a brave new world for gold and related assets.
This just feels different.
Feels alive, vital, driven... etc...
... ASX Goldies are green and there are green gold stocks in the "most active lists" but mostly it is a see of red in the non gold stocks.
It is a brave new world for gold and related assets.
This just feels different.
Feels alive, vital, driven... etc...