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The Lunatic Fringe - Trading talk.

Strawboss

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Voodoo

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Strawboss

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Strawboss

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On a scale of 1 to 10...how well do you think Trump understands the gold market?

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Lancers32

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Trump is full of shit like all the rest of the crooks.
So this is the third week in a row that Gold closed on the week over the old all time highs and Silver is pushing $27 again. I would guess that as long as Gold doesn't close under $1900 we aren't going down to $1800. Miners still acting like shit except for some of the juniors.
 

savvydon

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So this is the third week in a row that Gold closed on the week over the old all time highs and Silver is pushing $27 again. I would guess that as long as Gold doesn't close under $1900 we aren't going down to $1800. Miners still acting like shit except for some of the juniors.
Tough to say which way it will go short term but it is crystal clear to me that the new bull is here for the long haul. Silver has established a whole new level and did so in a hurry, and quite convincingly. I don't know if we will see $26 maintain support or crash back down into the $21 area again, but I remain convinced that we will see $30 breached medium term, probably before the year is out. To be honest I would love to see a nice dip to shake out fence sitters and grab up some bargain silver and cheap options, but I am not convinced that is going to happen. I think once we see a clear indication that gold and silver are heading up from here the miners will respond big time. Name of my game is currently sit tight and be right (Lord knows I sat tight and was wrong for the last few years).
 

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I'm seeing a new pattern develop on the markets. It's possible that the markets ACTUALLY topped out on Labor Weekend. It's by the timing of Apple and Tesla splits, a crazy banana run on both. What implications that have on the gold markets? Do they have to send gold to $5,000 - $10,000 or even $15,000 to help Trump win the election? Trump really knows how the markets operates but he certainly blew up on the Covid-19. I was driving my home and saw signs on the grass that shows "Elect Biden" They are likely Republican voters because my district is heavily Republican.
 
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Lancers32

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Blew up on the virus? Some think it was good fortune for TPTB. Depends how far you want to go down the rabbit hole. But I question killing the world economy over something that mostly kills older people and those with pre existing conditions. Makes no sense unless you got something diabolical in mind.
 
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It's something they can point to and blame for crashing the economy. Otherwise where does the blame go? They were QE'ing well before the virus.
I didn't mean to make my last post too political that way. That's why I never commented or posted political stories on FB. ✌️ I better stick to gold coins
 
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Blew up on the virus? Some think it was good fortune for TPTB. Depends how far you want to go down the rabbit hole. But I question killing the world economy over something that mostly kills older people and those with pre existing conditions. Makes no sense unless you got something diabolical in mind.
The problem with that virus is the damage it can do to someone's brain, it's no joke and the implications are enormous. The death count is far less than most disasters since biblical times. My neighbor had covid-19 but then recovered but recovery took a month for someone that has no preexisting condition and not even close to being old. It's sad that we can't get that under control before NFL season. no season tickets
 

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Why you might not want to fixate on the DXY if you are friendly to Gold and Silver.

I have been saying it for years, gold will go up with the USD in this next phase.
 

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Zed

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This guy popped on my page I swear. International Man. Really a very good interview Moss lets Casey do all the talking.


Yeah, this guy (the interviewer) ***THINKS*** he fully gets gold and silver and ***EXPLAINS*** it to the little guys. I've taken him on over some really basic stuff in the past and he backs off. Beware he is more noise than experience.... maybe he has improved, I dunno, maybe I will listen to it later.
 

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On a scale of 1 to 10...how well do you think Trump understands the gold market?

View attachment 177718
I dunno, he is a real estate guy and I think that generally speaking they don't like what a strong gold prices says about the economy and their prospects. The question is, is he one of those types that want to sweep shit under the carpet and pretend that it is all good, one of those that believe it is ALL a confidence game at all times.... or is he one of those guys that understands when to use the tool of gold in self defense.

Hopefully he is the latter, what that means for the country I don't know... if he is, he is fighting a system that is chock full of the pretend and extend crowd.

This really, really, really looks like it is falling away under our feet at the moment. Prepare yourself for the initial "risk off" shock in gold (if stocks etc take a hit), it's duration will be informative. I suspect it will be shorter this time but I wouldn't bet the farm on it!
 

Lancers32

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Yeah, this guy (the interviewer) ***THINKS*** he fully gets gold and silver and ***EXPLAINS*** it to the little guys. I've taken him on over some really basic stuff in the past and he backs off. Beware he is more noise than experience.... maybe he has improved, I dunno, maybe I will listen to it later.
I hear ya that's why I said the guy popped in my YouTube algo it was because of Casey. He let's Casey do all the talking. Make it short. Gold going way higher this is the last gold bull make sure you duck a hard rain gonna fall for a long time. Ten years worth at least.
 

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ASX Goldies opened flat this AM.... my brokers are issuing high call volume warnings again. Not a good sign.
 

savvydon

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ASX Goldies opened flat this AM.... my brokers are issuing high call volume warnings again. Not a good sign.
Meaning that there is an imbalance between options calls and puts? Please elaborate...
 

Zed

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I hear ya that's why I said the guy popped in my YouTube algo it was because of Casey. He let's Casey do all the talking. Make it short. Gold going way higher this is the last gold bull make sure you duck a hard rain gonna fall for a long time. Ten years worth at least.
I like Casey, he has been on this message for a long time but then we have seen it coming for a long time. I have to agree, ten years of crap IF they don't fuck it up beyond the normal socialist leaning fuck up responses... You guys may have to endure two terms of democrats digging the hole deeper before they wake up to it. JMO (Apparently I'm ultra right wing these days and I thought I was just conservative!)

My, my, what a mood I am in this AM!

 

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Meaning that there is an imbalance between options calls and puts? Please elaborate...
Meaning every man and his dog is trying to access their account, fucking up passwords etc phoning in for help and or placing phone orders in frustration. Not normally a feature of a generally flat trading day! Normally happens in the panics... but I have that pre thunder storm feeling ATM.
 

Voodoo

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Meaning every man and his dog is trying to access their account, fucking up passwords etc phoning in for help and or placing phone orders in frustration. Not normally a feature of a generally flat trading day! Normally happens in the panics... but I have that pre thunder storm feeling ATM.
All to buy call options. What a mess the banks and these psychopaths have created.