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The Lunatic Fringe - Trading talk.

Strawboss

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Seems to be down!
It works for me. Perhaps you have some sort of censorship going on down yonder? Or - try a different browser?
 

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It works for me. Perhaps you have some sort of censorship going on down yonder? Or - try a different browser?

It's back now... so ?!
 

Strawboss

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Lancers32

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Not much movement either way in the metals last couple of days but miners are getting hit a bit again. Appears as if the miners will lead the metals down. Very tough market.
 

Lancers32

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Miners at important support levels for the near term. Would not want to be long if they go.
 

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Not much movement either way in the metals last couple of days but miners are getting hit a bit again. Appears as if the miners will lead the metals down. Very tough market.

Yeah.... but I still expected more traction to the downside. So far gold is holding up OK... well I think... for now.
 

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Saw a pack of tooth brushes on sale today. The packaging had the word "manual" prominently displayed on it. I burst out laughing.... things I never thought I'd see. Feck me! What a world!
 

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Gold to platinum ratio is down below 2 for the first time in a good while.

I have the notion that a fall in the GSR alongside a fall in the gold price will define the low of this move. Currently I expect say the 1810 area in the next couple of weeks.

Delivery this month is approaching the 6K contract level or about double the normal off month level indicating that the delivery trend is still in play. December will be V interesting.
 

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Strawboss

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What could possibly go wrong?

1605759687481.png
 

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Lancers32

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I have the notion that a fall in the GSR alongside a fall in the gold price will define the low of this move. Currently I expect say the 1810 area in the next couple of weeks.

Delivery this month is approaching the 6K contract level or about double the normal off month level indicating that the delivery trend is still in play. December will be V interesting.

Dunno. Seems as if $1775-$1810 would be too easy. $1670 again would test a lot of bugz.
 

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GDX Savage chart with fibs. That is one ugly island reversal gap.
 

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Dunno. Seems as if $1775-$1810 would be too easy. $1670 again would test a lot of bugz.

That would keep the bears happy. IMO this will satisfy neither side.
 

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Coming into December and the bottom of the channel is sitting @ 1782 ish with support from 1810 down. I'm working on the assumption that they will make this happen and that this is our buying window coming into December delivery.

Untitled.jpg
 

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Some slightly dated coolaid for those tired bulls that have not already found this.

 

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Uh-huh...

BTFD.

The TF Metals Report's Craig Hemke, writing today at Sprott Money, says the New York Commodities Exchange has delivered more gold in the first 11 months of this year than it delivered in the whole five years between 2015 and 2019.

Hemke adds that current positioning on the Comex implies that delivery demands for December, typically a high-offtake month anyway, may exceed 800 tonnes, which would be beyond astounding.