• "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

The Lunatic Fringe - Trading talk.

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
Just had a friend call. Said his dad was born in 1907 & lived through the depression. Said it was very EDUCATIONAL and to always be prepared.
Maybe the stupid people realize stick & ball sports and the kardashians ain't so important after all. TP, food, shelter is.
Maybe they learn China slave labor ain't the answer to corporate profits.
Maybe we learn we really are all in this together. WWGOWGA!
We will fall back down the pyramid...

 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
47,350
Likes
82,666
Location
Rocky Mountains
I hope the markets open on Monday...
 

oldgaranddad

Platinum Bling
Platinum Bling
Midas Supporter ++
Joined
Feb 21, 2012
Messages
5,291
Likes
9,512
Location
On the top shelf.

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
I've got a watch list of ASX Goldies that puked %15 on the open, they where flat (%0) 25 minutes later.... buyers are moving in here.

Oh...

...and

I will say it one more time.

I watched the 911 hit, I watched 87, 2008 etc... I've not seen anything like this sort of trading, ever, full stop, period.... end of story. Just EPIC.

Today we are again seeing massive volumes and brokers holding up white flags saying we will get to you when we get to you! Sorry, over loaded.
 
Last edited:

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!

Strawboss

Home Improvement Sales Trainee...
Site Mgr
Midas Member
Site Supporter ++
Joined
Mar 31, 2010
Messages
7,612
Likes
14,225
Gold Open interest over 20 years... the current low is @ the 2011 bull run high -> just for perspective.

View attachment 158504
Just goes to show that they have not yet lost their ability to suppress the price via the paper markets...
 

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
Just goes to show that they have not yet lost their ability to suppress the price via the paper markets...
Maybe there are a lot of Europeans chasing gold exposure in USD of late...

I think that they are on the verge of announcing some epic issues and reforms.
 

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
I've got a watch list of ASX Goldies that puked %15 on the open, they where flat (%0) 25 minutes later.... buyers are moving in here.
Now 2% green save for one of the black sheep!
 

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
to the end of this plunge then we are to the beginning. Another push lower in the markets in one last capitulation move?
I'm glad I bought some put option before close Friday. We'll see how Monday goes...
My blackest of black sheep gold stock is selling down while the rest rally today, off 10%. Normally it is trading a day ahead of the rest, so it is implying gold gets hit tonight!
 
Last edited:

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
47,350
Likes
82,666
Location
Rocky Mountains

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
What are some good oil etf's or other investments that will benefit when oil finally rebounds? I cant imagine it will go much lower from here.
What about those Canadian Income Oil Trusts, I really dunno about your neck of the woods but they talked about those a lot in the early 2000's
 

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
Mixed bag today, reds and greens but over all I was up after a bad start to the day.

ASX down 5.98%

So there is some evidence that the goldies are at least attempting to swim up stream!

Mind you AUD gold is pushing $2600... so there is that.
 
Last edited:

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
For those who like the 3x leveraged ETF's. Sometimes they fail miserably. DUST should be sky high right now but it's not. Don't ask me why! All I know is 3x leveraged etf's can be dangerous. Though I do occasionally play them.



View attachment 158517
There is a mistrust of ETF's among some of the fund managers I see interviewed. More from a structural perspective than from a trust perspective.
 

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
+ I think that people who are short are living in fear of a rip roaring liquidity rally tearing their face off. Seems ripe for it.
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
47,350
Likes
82,666
Location
Rocky Mountains
There is a mistrust of ETF's among some of the fund managers I see interviewed. More from a structural perspective than from a trust perspective.
What's in an ETF, but 'air'?
 

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
What's in an ETF, but 'air'?
They are often pretty good and auditable when they hold things like stocks. I'm not touching the gold one... it is supposed to be numbered and audited.
 

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
Twitter keeps burying Trump tweets, switching off notifications etc. Suspect much? LOL What a pack of losers. Somehow I don't lose the Democrap tweeters I follow!
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
47,350
Likes
82,666
Location
Rocky Mountains
They are often pretty good and auditable when they hold things like stocks. I'm not touching the gold one... it is supposed to be numbered and audited.
GLD and SLV for instance?
 

Zed

Barely Bullish!
Midas Member
Site Supporter ++
Joined
Mar 30, 2010
Messages
16,721
Likes
16,187
Location
Hiding under the keyboard!
GLD and SLV for instance?
GLD is supposed to be numbered and audited... it is however HSBC so if they hit the wall?! I dunno, worse things have been done in the past BUT it would be a crime.
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
47,350
Likes
82,666
Location
Rocky Mountains
GLD is supposed to be numbered and audited...
I read the prospectus. No guarantee of any gold held and no recourse to sue them.
 

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
47,350
Likes
82,666
Location
Rocky Mountains