• "Spreading the ideas of freedom loving people on matters regarding metals, finance, politics, government and many other topics"

The Lunatic Fringe - Trading talk.

Goldhedge

Moderator
Site Mgr
Sr Site Supporter
GIM Hall Of Fame
Joined
Mar 28, 2010
Messages
54,701
Likes
105,751
Location
Rocky Mountains
sobering for all you liquid fortifiers...

Billionaires Give DIRE WARNING To Average Investors!! (Are YOU At Risk?)
George Gammon
 

Lancers32

Silver Miner
Joined
May 10, 2020
Messages
1,027
Likes
1,325
Location
Down South
I love guys like the Rich Guy. Buy Gold buy Silver buy Bitcoin. Posts today they are all going to crash with the SM. I guess you can have it both ways.
 

Lancers32

Silver Miner
Joined
May 10, 2020
Messages
1,027
Likes
1,325
Location
Down South
No one can say for sure where we go from here but if you are a long term pm bull and have no exposure you probably dribble in today.
 

Lancers32

Silver Miner
Joined
May 10, 2020
Messages
1,027
Likes
1,325
Location
Down South
Easier would be another flush tomorrow. This is not going to be easy I don't think. Hopefully Silver cooperates and back tests $23.50 from below then resumes the downtrend.
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
2,825
Likes
3,028
I know this isn't the topic du jour but Tupperware remarkably makes a move towards my Cup & Handle Measured Move line.

[Tupperware. Up 34.9%. Today.]

[It could still happen... WTT sold it long ago.]

hraEDbLK.png
 

Lancers32

Silver Miner
Joined
May 10, 2020
Messages
1,027
Likes
1,325
Location
Down South
10% long SILJ on the close today. Hopefully we get a good dump the rest of the week so I can fill in. Moderate to heavy down volume in CDE HL not so much SILJ. Sometimes you get capitulation volume at major bottoms sometimes not. Rather buy when they are going down than chase the rally. At this point I think the least expected scenario is today was the bottom. I think worst case 20% more down and I can live with that.
 

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
18,580
Likes
19,583
Location
Watching the Sideshow!
Gold Daily - Election day ~ marked. They fear a Biden win going into the big delivery month of December. This is going to be a steep near term decline IMO. On one hand the financial swamp wants Biden and on the other they don't like what it will most probably deliver for gold. It seems they have a problem. A three/four day decline into the low 1800's? That seems to be about the duration of the bashing campaigns these days.

Untitled.jpg
 

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
18,580
Likes
19,583
Location
Watching the Sideshow!
I know this isn't the topic du jour but Tupperware remarkably makes a move towards my Cup & Handle Measured Move line.

[Tupperware. Up 34.9%. Today.]

[It could still happen... WTT sold it long ago.]

View attachment 186407
LOCKDOWN!

{sigh}
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
2,825
Likes
3,028
LOCKDOWN!

{sigh}
I hear you. But today was also their earnings report.

[Randy said he would buy dinner for my wife and I if Tupperware hits the measured move. But I fooled him, because I never specified *when*.]

[Rookie mistake...]

Window_and_TUP_28_80_▲__35_08__Donchian_w__ATR.jpg
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
2,825
Likes
3,028

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
18,580
Likes
19,583
Location
Watching the Sideshow!
Last edited:

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
2,825
Likes
3,028

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
18,580
Likes
19,583
Location
Watching the Sideshow!

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
18,580
Likes
19,583
Location
Watching the Sideshow!
This might be behind the paywall... I can't seem to log out to check.

“THE GOLD BULL MARKET IS ONLY IN THE FOURTH INNING”
The Interview · Featuring Kiril Sokoloff
Published on: October 28th, 2020 • Duration: 54 minutes


Kiril Sokoloff sits down with Raoul Pal to discuss why he believes the bull market for precious metals is only in its fourth inning. All-in costs of gold production are under $1000 compared to the current price of $1900, creating profit margins never seen before in the industry. In effect, the gold mining companies have become free-cash flow machines. With US federal deficits growing as far as the eye can see, and the US owing more to the rest of the world than any nation in history, a dollar crisis is brewing, which will launch gold on the next leg of its bull market. Filmed on October 16, 2020. Key Learnings: Gold and gold miners are under-owned, misunderstood, and the beneficiary of many other current economic and financial trends.

https://www.realvision.com/shows/th...gold-bull-market-is-only-in-the-fourth-inning
 

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
18,580
Likes
19,583
Location
Watching the Sideshow!
Kiril is a bit of a quiet legend in the finance world if you don't know him.
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
2,825
Likes
3,028
Pay wall. Yes.
 

Lancers32

Silver Miner
Joined
May 10, 2020
Messages
1,027
Likes
1,325
Location
Down South
This might be behind the paywall... I can't seem to log out to check.

“THE GOLD BULL MARKET IS ONLY IN THE FOURTH INNING”
The Interview · Featuring Kiril Sokoloff
Published on: October 28th, 2020 • Duration: 54 minutes


Kiril Sokoloff sits down with Raoul Pal to discuss why he believes the bull market for precious metals is only in its fourth inning. All-in costs of gold production are under $1000 compared to the current price of $1900, creating profit margins never seen before in the industry. In effect, the gold mining companies have become free-cash flow machines. With US federal deficits growing as far as the eye can see, and the US owing more to the rest of the world than any nation in history, a dollar crisis is brewing, which will launch gold on the next leg of its bull market. Filmed on October 16, 2020. Key Learnings: Gold and gold miners are under-owned, misunderstood, and the beneficiary of many other current economic and financial trends.

https://www.realvision.com/shows/th...gold-bull-market-is-only-in-the-fourth-inning
Yeah.
 

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
18,580
Likes
19,583
Location
Watching the Sideshow!
OK.

You get the gist.

We are early, buy miners they are minting $ and the market hasn't really worked it out yet.
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
2,825
Likes
3,028
OK.

You get the gist.

We are early, buy miners they are minting $ and the market hasn't really worked it out yet.
Give us your password or we walk. LOL. I appreciate the explanatory notes.
 

Lancers32

Silver Miner
Joined
May 10, 2020
Messages
1,027
Likes
1,325
Location
Down South
This guy is fairly accurate. Buy zone soon. Pretty much in line with the SILJ chart so adds here aren't a bad idea. Possible short lived rally from these levels.


 

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
18,580
Likes
19,583
Location
Watching the Sideshow!
ASX Gold Tribe are off ~5.5% today against Gold -0.5% AUD.

Weak hands are bailing out!
 

Zed

The Bullish Bear.
Midas Member
Site Supporter ++
GIM Hall Of Fame
Joined
Mar 30, 2010
Messages
18,580
Likes
19,583
Location
Watching the Sideshow!
-4.8% EOD

Predictable but still somehow disappointing.

Just get on with the freakin election already!
 

Lancers32

Silver Miner
Joined
May 10, 2020
Messages
1,027
Likes
1,325
Location
Down South
Miners not getting hit too bad pre. Metals off early morning lows so far. Picked up some SILJ sub 13 pre. Hopefully we get a dive under $12.80 will add more.
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
2,825
Likes
3,028
Tupperware for the win!

pcnaubEU.png
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
2,825
Likes
3,028
They did, however, ruin my symmetrical triangle stairway-to-heaven formation. Still it wasn't a sell signal. [Yet.]

chart-30.png
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
2,825
Likes
3,028
The way this week is shaping up it looks like WTT will sell 4 stocks at Monday's open. A couple of gains of around 16% and a couple of losses at 10% and 6%. So dull trade.

Here is one of the approximately (literally) 16% gainers.

[This one is so close it could still pull up and not be a sell at all.]

JhQJ23CJ.png
 

dpong

Gold Member
Gold Chaser
Joined
Jan 11, 2012
Messages
2,825
Likes
3,028
Here's the second 16%-er. EBS. Been trying/hoping to get rid of this one for weeks.

[I think this week is the week.]

K6Q2XVC2.png