• 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.

Zed

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Gold is on or over its classically bought daily averages @ the 50/200 DMA. Look at the dip below them in June 16, look @ today... the setup should look familiar.... not all is lost here.
 

savvydon

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Gold is on or over its classically bought daily averages @ the 50/200 DMA. Look at the dip below them in June 16, look @ today... the setup should look familiar.... not all is lost here.
Any significance to the fact that a move upward this time would also involve a 'golden cross'?

screenshot_57.png
 

louky

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Want proof the ma's are meaningless?


Thanks, zed. I haven't really looked at ma's, just watching my levels. 1251 is the pivot/key to the next box 1269-78-87
Quote march 22


Chart as of march 22nd. Note MA's




Life or death right now for gold. It's not a coincidence 1251 was the key, identified 2 months ago and the MA's just so happen to be there now.

Kitco spot tracker.

Key levels commit to memory.

All you need


I'll give the levels above 1296 once we break it. This year ;)
 

savvydon

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Forget the MA's, There's significance if 1251 becomes support again
My (extremely limited) understanding is that enough people are looking at MA's, (especially crosses), so that they become a part of the group psychology that is responsible for contributing to price action.
 

louky

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Yes, it's true you can wait two months to know which levels will become important to the herd. Or you can just commit the key levels, that never change amd will never change to memory.
 

louky

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The herd already picked the levels way before you and I went looking for them

They just dont know it, which makes it even more comical to watch the dance.

We knew two months in advance, they would be sitting here indecisive, waiting for an MA cross.


:belly laugh:
 
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louky

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What we should be observing right now is that sushi is falling, yet gold is sitting here pinned with indecision, ignoring it
 

Zed

Size doesn't count!
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Any significance to the fact that a move upward this time would also involve a 'golden cross'?
That sort of stuff always gets the attention of the more conservative so yeah it attracts a broader range of buyers even if they are not the ones driving the bus.

2c
 

louky

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Many indicators flashing bottom in energy stocks. I believe we will witness sector rotation from high flying tech and bio tech to energy (all sources) and some commodities (not all)
 

louky

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louky

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Oil should bounce sidewaysish for a short time, waiting on irrelevant meetings maybe? Then break higher


Regardless of path and timing though, it's going up up
 
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louky

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GG february


GG is on trading view under "luckylegs10" if anyone is interested. He makes some very nice charts that normally come to fruition. Especially in the long view (months, year). With the dollar, I haven't seen him make a bad call in the last year or so. Current outlook:


Gotta bounce soon, right?

 
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stAGgering

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Mt Short lost some altitude, ironically with Everest losing the Hillary Step... no not her, it was a guys last name.
A run is underway, but quarterly contracts end next month, before summer vacation of the rich.
As always this run will be tampered, tempered, & trampled unless all else preemptively falls.