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The Lunatic Fringe - Trading talk.

Zed

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Certainly looking strong in Asian trading at the moment. Question is will London and New York be able to grab it and pull it back down using their little sister silver lever...
Chart still says due for a POP!
 
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Zed

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Last two days we have sold off in the AM and come back into the close. ASX goldies that is...
 

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side bar... cruise lines might be losing revenue...
 

Zed

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Zed

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47 seconds of one of the new America's Cup boats testing. It's gotta be doing 30 knots + in a moderate lump. This is 75' of boat, and YES it can tip over and it can crash hard if they feck up. These things are projected to go faster than AC50's which hit speeds in the high 40 knot range.


I'd love to take this footage back in time and show the old 12 metre sailors what was coming, it would fry their minds.
 

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Zed

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Yeah...

Contagion anyone?

It's a reasonable bet that this is why the repo sphincter is close so tight.

China has Hong Kong issues...

Then we get a virus that could well trip off a collapse in Hong Kong...

Makes you wonder if the god's aren't having a giggle.

Seriously, you couldn't have timed it better it you where paid to.

Hmmmmmmmm....?!
 

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Zed

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Well, that was sobering...

Why couldn't they sell gold for dollars??
They could, but I don't know if Hong Kong has any or what the importance of the peg is to China and if they would access gold to defend it. I think China just wants to adsorbe Hong Kong.
 

Zed

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IMOCA 60's solo round the world racers. 30knots + chasing the big 40. At sea this is FAST!

 

Zed

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This morning we are seeing PMs and the dollar on the move - both up.

This is what Zed was predicting a short while ago, possibly the beginning of the next break out?...
Chart update...

Gold Daily.

AUUSD-D-20200219-1.png


Yes, it looks probable. JMO etc.
 

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savvydon

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Looks good from here...

2001-2007 Wave 1
2008 Wave 2
2008-2011 Wave 3
2011-2016 Wave 4
2016- ???? Wave 5

View attachment 154775
From the standpoint of Elliot wave that analysis is not a great fit due to the comparatively disproportional time length of wave 2 and 4, but it doesn’t break any hard and fast rules, so it may work.
 

Zed

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Looks good from here...

2001-2007 Wave 1
2008 Wave 2
2008-2011 Wave 3
2011-2016 Wave 4
2016- ???? Wave 5

View attachment 154775

I'm going to argue that we are in Wave 3, I think that a feature of Wave 5 will be the USD going down while Gold goes mad. For now I will argue they move together. I see this as much bigger thing than people are thinking, it may well take the most of the rest of my life to play out but lets wait and see on that one. I think we are a way off the USD losing confidence and Wave 5 developing and I think that the 4th wave will be another 5 odd year phenomena.

For me I think that due to the AUD Wave 3 is the big move of this market, Wave 5 may be a little less available to me due to currency moves.

Wave 5 will be where you need to think hard about confiscation etc... gold miners might be the safer place for Wave 5 providing "windfall profit tax" doesn't get raised. If the place goes full on socialist you may be better in supporting industries for income and safety. IMO success in Wave 5 may not be straight forward due to political responses. IMO by then the US admin will be desperate and ruthless, you just don't want to get in the way of that. There is time yet so these are just things to keep @ the back of the mind as we move on. IMO and @ this point I think we see gold ~ 5K range, silver high 100's end of wave 3 then we get the correction and setup for the 'public phase' of this market.

.... off course, LOL, I could change my mind but this is my big picture mud map to get to a final high around 2030 or so. What is Armstrong's date again?
 
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Zed

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From the standpoint of Elliot wave that analysis is not a great fit due to the comparatively disproportional time length of wave 2 and 4, but it doesn’t break any hard and fast rules, so it may work.
Please comment on previous post from the EW chair. :)