The Lunatic Fringe - Trading talk.

[Zed]

Welcome to 2021 folks!

 

[Zed]

I suppose he could mean in a political sense.

 

[Zed]

Yup... well, then there is this.

https://twitter.com/i/web/status/1345217178715516932

 

[hammerhead]

I could use some direction and I believe if anybody would know what to do, it would be youse guys and gals.
I have 3 physical stock certificates for ZBH. Currently trading at $154.09. This is now a dividend paying stock so I receive a check for $.78 every 3 months. I haven't watched what it has been doing but just looking at the 3 year history, I see it hasn't seen much action.
I'm wondering what I could do with my fortunes. Any suggestions?

 

[Zed]

The chart looks like it is consolidating for a move higher. What dose it owe you?

 

[Zed]

https://twitter.com/i/web/status/1345291977240133632

 

[hammerhead]

The chart looks like it is consolidating for a move higher. What dose it owe you?

Zero. Was given to me 13 years ago.

 

[dpong]

The chart looks like it is consolidating for a move higher. What dose it owe you?

I agree. It wants to go higher soon.

 

[dpong]

Probabilities of rolling 2 dice. Just because it's cool.

 

[Lancers32]

So this is the year we have all been waiting for the metals to show up bigly. Funny $hitcoin has already done that.

 

[bemac]

PM's seem to be the only things that haven't gone to the moon yet.

 

[bemac]

Where to go from here...?

 

[dpong]

Don’t watch if you scare easily.

 

[Lancers32]

PM's seem to be the only things that haven't gone to the moon yet.

Yet

 

[Lancers32]

Where to go from here...?

View attachment 195825

Higher than you could ever imagine punctuated by massive crashes.

 

[gnome]

https://twitter.com/i/web/status/1345291977240133632

Further down the thread

 

[bemac]

wow!

 

[jelly]

GDX still struggling to get over the downtrend line and 50-DMA. It's like a game of whack-a-mole. Every time it's touched the 50-DMA over the past 3 weeks, it gets smacked down hard.
The downtrend line is thin so you can see the 50-DMA.
Worth noting for the bears is we are about to see a "death cross" of the 50 & 200 DMA's.

 

[jelly]

gold to miners ratio still contained. It needs to start making higher highs before we can say that we are in back in bull market. Daily chart shows nothing but sideways movement. Weekly charts, however, looks like it's poised to move higher.
So, nothing positive to see yet, but on the positive side, it's not going to take much to make it turn positive, and the miners start to lead once again in typical bull market fashion.

Weekly chart shows the ratio is poised to burst higher.

 

[jelly]

The latest silver COT. I think it's missing the latest week, but either way, positions are picking up.

 

[Lancers32]

I know that a lot of people from my generation gravitate towards Gold and Silver not so much younger people though.

Gold needs to close over 1915. Silver over 26.50 preferably over 27.50 or these markets are still subject to another smackdown.

Seems like Bitcoin is eating the World now. Alt coins moving out too this weekend. Would not sleep on Bitcoin in favor of Gold and Silver. This might surprise.

 

[Rip Van Winkle]

I'm 32, prefer tangible assets. If you don't hold it, it can be taxed or taken

 

[savvydon]

PM bump in early 2021 Asian market trading, a harbinger of things to come?...

 

[jelly]

PM bump in early 2021 Asian market trading, a harbinger of things to come?...

I’m just hoping that it holds. The past few times we’ve had a good run up overnight, it resulted in a sell off during the New York session.

 

[MAGNUM P.M.'s twin bro]

I know that a lot of people from my generation gravitate towards Gold and Silver not so much younger people though.

Gold needs to close over 1915. Silver over 26.50 preferably over 27.50 or these markets are still subject to another smackdown.

Seems like Bitcoin is eating the World now. Alt coins moving out too this weekend. Would not sleep on Bitcoin in favor of Gold and Silver. This might surprise.

For the kids, if it is not virtual and on the internet, it is not real.

 

[gnome]

Where to go from here...?

View attachment 195825

If that's a cup and handle, the handle is complete at $35k...maybe a consolidation?

 

[Zed]

Been sailing...

Gold looks good, looks like a break on the daily but... lets get through the Comex before we get too excited.

~5% in the ASX Gold tribe today, not too foul!

Going sailing for a few days this week... maybe that's the juice! LOL.

 

[savvydon]

Been sailing...

Gold looks good, looks like a break on the daily but... lets get through the Comex before we get too excited.

~5% in the ASX Gold tribe today, not too foul!

Going sailing for a few days this week... maybe that's the juice! LOL.

Metals still strong as we approach the Comex. The boys in London, who had have been bonking the heck out of the metals all December, laid down and let them fly today, so perhaps this time it's different.

Z, I can't think of a better way to tune into what is really real than sail into some wide open spaces. Enjoy!

 

[Varmint Hunter]

https://www.clivemaund.com/article.php?id=68 Au

https://www.clivemaund.com/article.php?id=67 Ag

 

[bemac]

Barrick up a buck pre-market.

 

[Rip Van Winkle]

PPLT looks like it broke out of a rising pendant

 

[FlaGman]

Fortuna is on a tear, up almost 12%!

 

[Rip Van Winkle]

And it looks like it's going to back test possibly fill the gap. Might be a good buy with a tight stop

 

[Lancers32]

And it looks like it's going to back test possibly fill the gap. Might be a good buy with a tight stop

That's down to $8.40. That what you are looking at? HL and CDE looking like they want to fill the gaps. Dollar hammer so far this might have been a fakeout break up in the pm. We shall see.

 

[Lancers32]

HL closed the gap.

 

[Varmint Hunter]

Recognition day

 

[Lancers32]

Recognition day

Feeling pretty good till I heard this.

 

[hernancortes]

BITW premium cometh down still. Those who bought this over 100 wont be seen again, they know they bet on the wrong fund.

 

[Lancers32]

BITW premium cometh down still. Those who bought this over 100 wont be seen again, they know bet on the wrong fund.

Premium om GBTC is around 13% now but there is further risk of downside in Bitcoin from these levels. Not the worst vehicle but if you can find a way to play spot you might do a bit better.

 

[Lancers32]

Dan Durrett thinks Gold and Silver were up big today because of the Georgia elections? Did anyone not living under a rock not know the Georgia elections have been in progress? This guy writes a newsletter? Today's move could have been a head fake but come on.