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Charts from the Lunatic Fringe.

savvydon

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Gold Daily - Ideal Elliot Chart ... we look to be targeting ~1700 with the next push higher (should it come), there could be another 20 days or so Wallying around @ these levels before we move up by the look of it. That said I'd be prepared for it to break up any time soon. One the down side the 1500 odd level (1503?) looks to be @ about trend for now, if the shorts gain traction I'd like to see that hold. Breaking trend here could lead to a frustrating 6 months or so IMO.

View attachment 152169
I agree that a little pause/pullback is likely here, but I do think that if we close north of $1575 or so then the next up leg may be upon us.
 

Weatherman

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Boat Name... thoughts? It's a sailing dinghy for racing & teaching the kids how to keep the top side dry.
How about Silver Side Up. That should remind the kids which way is up, and it introduces your investing hobby too. :2 thumbs up:
 

Varmint Hunter

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Goldhedge

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Following this because it was posted earlier.

What does declining volume indicate to you guys from the initial 400M volume?

First folks are selling off to the rest that came after?

Declining volume interest 45,322M is the 17th...

It was suggested that GGSM is a diamond in the rough...
Screen Shot 2020-01-20 at 7.49.14 PM.png
 

Zed

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Following this because it was posted earlier.

What does declining volume indicate to you guys from the initial 400M volume?

First folks are selling off to the rest that came after?

Declining volume interest 45,322M is the 17th...

It was suggested that GGSM is a diamond in the rough...
View attachment 152239
Generally it signals a weakening trend, buying or selling exhaustion. IMO that is the prudent way to look at it unless there is reason to think otherwise. Take any trend break from low volume on rising volume seriously, expect it to be a reversal but not always.
 

Zed

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2020jan21gold2.png
 

Zed

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2020jan21gold3.png
 

Zed

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Goldhedge

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hernancortes

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Forget round trip this is fu#%&'in CARNAGE.

Limited out just before this fiasco. Cant believe my luck at not getting run over by a freight train.
 
Last edited:

Goldhedge

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Dang! That's gonna leave a bruise! Guess it's time to 'buy more'!!! :Build:
Screen Shot 2020-01-22 at 11.43.13 AM.png



I guess the SM stands for sadomasochist...?
 

Goldhedge

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Just pointing out why it's not a good practice to hop into stuff promoted on boards. Pump n dump.



 

hernancortes

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Damn this kind of price action is too nerve wracking even with pocket change-play money. lol P.S. Etrade still not allowing online buys though I guess TD ameritrade is.
 

Goldhedge

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@Goldhedge be sure to que up a bunch of gifs so you can post the real lesson here once this plays out......about scaling in and not panicking ;)
Come on... it's funny stuff! I'm waiting for the bottom so I can get on board...
 

Goldhedge

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Well, that looks as if they're protecting their investors... stock goes up by the millions like that and the brokers are thinking 'who's pumping'? would be my guess?

Their 'restricting' the sales is probably what made it tank don't you think??
 

Goldhedge

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Then again... maybe this one 'got away' from the brokers and they decided they too wanted to get on board the train....? Pull the E stop and pile up the shares and THEN let 'er rip....?

Is that too cynical of me...?
 

louky

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Then again... maybe this one 'got away' from the brokers and they decided they too wanted to get on board the train....? Pull the E stop and pile up the shares and THEN let 'er rip....?

Is that too cynical of me...?
That's more along the lines of what i'm thinking, but who knows. Definitely not normal/common. Could be wrong, but dont think the ggsm story has changed. We'll see
 

Strawboss

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Doesn’t look good louky.

Remains to be seen how it all shakes out - but at the moment it fits the profile of a pump and dump...

This is why I stick to the miners that are more established...to avoid stuff like this...