• Same story, different day...........year ie more of the same fiat floods the world
  • There are no markets
  • "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.

savvydon

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He had a lot to say LOL
Sonofagun kept me up past my bedtime! Although he seems a bit 'out there' his thought process is very fluid and therefore has the ring of authenticity, - he believes what he says, and what he says is a global reading of the tea leaves, so to speak.
 

Zed

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He had a lot to say LOL
Yeah... the WOO WOO stuff ALWAYS throws me!

... but he got Trump in a landslide from a long way back and he was unequivocal about it, even discussed the attempt to 'steal' the election.

I dunno, I try and keep an open mind these days.
 

Zed

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Sonofagun kept me up past my bedtime! Although he seems a bit 'out there' his thought process is very fluid and therefore has the ring of authenticity, - he believes what he says, and what he says is a global reading of the tea leaves, so to speak.
WOO! WOO!

Could be interesting to say the least.

Sorry about the bed time thang old fella.
 

louky

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Hate to say it but I think its very possible for gold to see another low, possibly sub $1000. JMHO
If it drops below 1000, be ready for it to stay there for the next 50 years. Not happening, imo. After summer it may hit 1050 or whatever 2015 low was, but I doubt it

We'll see....
 

louky

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I think bottom of the box 1079-1088-1098 would be worst case, but i hope to see it bounce from 98.

Remember how strong of a magnet 1179-88 was. Eventually hit my worst case posted here 1124 (ultimate bottom 1123?), but the lower box is even more powerful.

I'm fairly confident the lid (1098) wont break, but this test may come later, up to 1 year out, so..........
 
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louky

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1.5 million gdx sold 8 minutes before fomc minutes released at 2pm. Big put buying in gdxj.

We've seen the seasonality charts posted here months back. Jan/feb usually lower low. Going to be interesting. I guess we find out soon if they test 1098 now or save it for later
 

savvydon

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Oh no, I just go to them... everybody is too embarrassed to ask. Just talk loudly and sound like you know something, works every time. Most often the food is better than I can buy on stamps... hey, its a living. :p
If anyone gives you any bull sheet just tell them to put it in your pipe and smoke it. :weed:
 

louky

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Back up against bottom of the box, 1179-1188-1197.

Sold 1/3 of all miner positions now and set stops on the rest.
These are trades, purchased end of December. I'm still bullish miners through spring and long term, but expect one more solid pull back jan through beginning of feb. Not suggesting to exit long miner positions.
 

Zed

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Marc Faber sees a ~3 month T'Bill rally with stocks coming off. Many seem to think that there is not much to keep the stock market going past 'Trump Day', has me wondering if my 'stocks OK until May' idea is wrong headed. Faber has an interview @ the site that cannot be mentioned if you are curious.
 

louky

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Double bottom breakout

China
25.95%
Korea (South)
14.39
Taiwan
12.14
India
8.15
Brazil
7.82
South Africa
6.48
Russian Federation
4.46
Mexico
3.41
Indonesia
2.60
Malaysia
2.48
Thailand
2.32
Philippines
 

Zed

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Weekly Gold

We found support earlier than I'd hoped bouncing off a speedline defined by activity in early 2016. It's good that the early 2016 move is still 'in play'. The internals are on the turn and ~1225 looks to be the first resistance area. We should have no real issue there by the look of this chart, we will hit more of a sticky patch as we approach the high 12's, call it ~1300 as we will probably tag or come close to it on the first go. Topping 1300 I would consider a breakout from the current 07/2016 bearish structure, confirmation for the conservative will come over the 1375 level (07/2016 ~ high close). Looking OK here IMO.


AU-W-20170108.png
 

Zed

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BTW the monthly gold chart is showing signs of the internal indicators ticking up. It will take 2 - 3 months for that chart to improve and it will be a technical head wind for the conservative money.