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The Lunatic Fringe - Trading talk.

oldgaranddad

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Strawboss

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Open Interest Prelim Tuesday.

Gold 548,504 -12,723
Silver 151,301 -5,469

When we see constant falling OI against a rising price we are looking @ a squeeze, ideally OI expands first then contracts into the end of the move.

For now I'd expect a full tilt assault on the Comex, this shit is getting serious and unless someone with big $$$ and balls steps up to the plate they will throw all they have @ this.

The fight isn't over.
(Raising hand from back of the classroom)...

Can we get the report to show the previous high for the OI as well as the previous major lows so we can see where the OI is relative to previous "norms"...

(Goes back to goofing off with the other degenerates sitting in back of the classroom)...
 

Zed

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(Raising hand from back of the classroom)...

Can we get the report to show the previous high for the OI as well as the previous major lows so we can see where the OI is relative to previous "norms"...

(Goes back to goofing off with the other degenerates sitting in back of the classroom)...
OI is the purple line @ the bottom.

Is that what you mean?

XAUUSD-M-20200325-1.gif
 

Zed

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Goldies like a child scared of the closet, peeking inside but terrified of entering to get her toys.
Really? That is what you are going with? Of all the things...

Oh well.
 

Zed

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savvydon

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the_shootist

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Rip Van Winkle

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Man platinum is snapping back
 

Voodoo

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Man platinum is snapping back
Check out Palladium. I think that is really key to this whole mess. Who is buying and more importantly why? I think I know the why and wish I'd held mine if that really is the case.
 

Rip Van Winkle

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Check out Palladium. I think that is really key to this whole mess. Who is buying and more importantly why? I think I know the why and wish I'd held mine if that really is the case.
I'm still heavy on pplt waiting to come back
 

Voodoo

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Voodoo

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Palladium has a very unique ability to store Hydrogen more densely in the metal then you can even do as a pure gas. It's astounding and I don't know if they've really been able to explain the effect yet. It was looked at as storage for fuel cells but discarded because it would just be too expensive.
 

oldgaranddad

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Why is PPLT up 2% while PALL is up 20%? Hmm... Reminds me of some old experiments I came across many years ago... Yep.

https://www.infinite-energy.com/iemagazine/issue23/deviceupdate2.html

One-half percent by weight of palladium loaded on this activated carbon— this is the key.
Wasn't Palladium getting squeezed before all of this started?

No new production and reserves were being consumed. Now that you have refineries off line all over the world that situation has only become that much worse for the metal's availability.

Scarce just became very scarce.
 

Voodoo

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Wasn't Palladium getting squeezed before all of this started?

No new production and reserves were being consumed. Now that you have refineries off line all over the world that situation has only become that much worse for the metal's availability.

Scarce just became very scarce.
I suspect Russia is in the "know". They are a major miner for these metals and a major oil producer. And what did they decide to do with oil? Dump it at any price which you would think would harm their best interests in the long run.
 

hernancortes

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Gary is pretty good, only saw him get destroyed once and that was in 2016 holding jnug to zero/ reverse split....to never be recovered
"Nasdaq 10,000 is cake and 20,000 isnt out of the question". From 2018 if I recall.
 
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Zed

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Now we have gold companies suspending dividends days before they are due. If everyone suspended their bills it would be fine but fuck, a good chunk of annual income just went west with days notice. Thank you very much.
 

Goldhedge

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CME Group to Launch New #Gold Futures Contract with Expanded, Flexible Delivery in 100-ounce, 400-ounce or 1-kilo Bars
What's wrong with all the others they have out there??
 

Zed

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dpong

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Oh shit!

 

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Zed

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I'm not going to waste time watching...

leme guess?

THE BANK!

Right, I wonder if she realizes that she just fired the start gun on a nationwide bank run!
 

Zed

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Zed

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Zed

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Seriously guys, if you are short BEWARE. The dynamic here is such that once it gets started it will rip your face off. Cover first and ask questions later. There should be a flame out and a new op to short when they are done.

The path to hell isn't straight. It will inflict maximum damage.

2c FWIW.
 

Zed

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Seriously guys, if you are short BEWARE. The dynamic here is such that once it gets started it will rip your face off. Cover first and ask questions later. There should be a flame out and a new op to short when they are done.

The path to hell isn't straight. It will inflict maximum damage.

2c FWIW.
Also, EOM book balancing could trip this off.