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The Lunatic Fringe - Trading talk.

Lancers32

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FWIW and I don't subscribe to any paid any more Marty was looking for a 59K Bitcoin price. Long term top or just local I do not know. Saw this on Twitter.
 

Voodoo

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FWIW and I don't subscribe to any paid any more Marty was looking for a 59K Bitcoin price. Long term top or just local I do not know. Saw this on Twitter.
Quote "Reaching near our projected target... this fast does not speak well for what normally follows.". He sounds pretty bearish to me.
 
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FWIW and I don't subscribe to any paid any more Marty was looking for a 59K Bitcoin price. Long term top or just local I do not know. Saw this on Twitter.
Yeah, I fell off when he basically fired all his subs and told you to resub.... silly move.
 

Zed

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This AM...

Mom, school homework question -> If you had 1M$ what would you do with it?

Kid -> Put a deposit on a house.

LOL!

FFS, that is about it in our area.

I remember when 1M$ = set for life!
 

Lancers32

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Learn?

How? You are not teaching, you just masturbate and take a victory lap! Never seen anyone do quite so much self quoting.

Try taking the hand out of the pants, getting involved and giving people some grounding in the why of it all. This sort of stuff is a little useless to people.
I'm still laughing.:2 thumbs up:
 

jelly

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I look around and wonder at what's happening. Seems like everyone around is predicting a fantastic 2021 for all markets. Housing market is strong and expected to stay strong. Commodity prices moving up significantly in expectation of greater industrial demand. Bitcoin to infinity. Heck, even the lumber industry is gearing up for a boom year with much higher demand & higher lumber prices expected.
Yet the unemployment rate is still high and the pandemic is still here. As the bull market enters its 13th year, this just doesn't make much sense to me. When's the viagra going to wear off? Things only go up anymore.
:don't know:
 

gnome

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Only positions in the green today were silver & RIOT puts...
Unless you count covered calls on long positions, which are just softening the blows.

Sold another put on the dip $8 premium for 11 days out. $60 strike, so breakeven at $52. RIOT closed at $65, so I've got $13 cushion.
I'll take a 13% ROI in 11 days, with 20% downside protection. Dear bitcoin, please move violently sideways for a few months.
 
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I look around and wonder at what's happening. Seems like everyone around is predicting a fantastic 2021 for all markets. Housing market is strong and expected to stay strong. Commodity prices moving up significantly in expectation of greater industrial demand. Bitcoin to infinity. Heck, even the lumber industry is gearing up for a boom year with much higher demand & higher lumber prices expected.
Yet the unemployment rate is still high and the pandemic is still here. As the bull market enters its 13th year, this just doesn't make much sense to me. When's the viagra going to wear off? Things only go up anymore.
:don't know:
It's enough to make me nervous.

Sell in May?
 

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One explorer in Canada I have been following is Blue Lagoon. Nice pop for them today. I don't own any though. Goldsilverpros on u tube did a nice piece on them awhile back. I watched them ever since.
I think long term money is scaling back in. FWIW.
 

jelly

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Louky, I love following your calls, but I do wish you would also include your reasoning for your calls. Why is ___ going to your price? Technical reasons? Fundamental reasons? Cyclical? I wish I could say you've taught me something, but you haven't...YET.
I'd love to see more of your posts, but also include the rational.
I know your penny juniors you posted some supporting arguments, but I wish more of your calls/predictions had some supporting arguments.
Anyway, hope you'll be a contributing member. I think we can all learn something, but you gotta give us something too
 

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Louky, I love following your calls, but I do wish you would also include your reasoning for your calls. Why is ___ going to your price? Technical reasons? Fundamental reasons? Cyclical? I wish I could say you've taught me something, but you haven't...YET.
I'd love to see more of your posts, but also include the rational.
I know your penny juniors you posted some supporting arguments, but I wish more of your calls/predictions had some supporting arguments.
Anyway, hope you'll be a contributing member. I think we can all learn something, but you gotta give us something too
He is welcome to join in and reason it all out. I would be happy to see it.

However, shouting the odd's on microcap WHILE he has a longer term call for a long term gold price washout later this year seems a little like leading lambs to the slaughter. You watch the liquidity dry up @ the small end of the market if his longer gold call comes to pass.
 

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1.8% so far today for the ASX Gold Tribe, not getting swept up in things just yet.
 

Zed

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BTC -> MACD 200DMA v 50DMA.

We are really stretching the rubber band here already. This market has a huge amount to digest when it breaks down. It is WELL ahead of itself! Could be a long washout. Look out for a double top @ 58K. You need for this to break that level convincingly to put 100K on the table. Hand on the rip cord if we trade back there IMO.

BTW: A BTC break down might/should see a strong flow to gold. (JMO)

Untitled.jpg
 

jelly

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He is welcome to join in and reason it all out. I would be happy to see it.

However, shouting the odd's on microcap WHILE he has a longer term call for a long term gold price washout later this year seems a little like leading lambs to the slaughter. You watch the liquidity dry up @ the small end of the market if his longer gold call comes to pass.
I thought he was suggesting a low in gold in April-ish, but beyond that no longer predicting gold. But a stock market downtrend into Q1 22, a year from now, around S&P 1296. Seems like a low number from where we are at today.

Hasn't been anything to post about in so long, no surprises at all. :( I had Q12020 288 target coming out of dec 2019, which no one thought possible. Then 2100-2200 reversal target for QE on steroids. Then above 279 it was only looking for 666x6 (incoming). After that, the next significant number for me wouldn't be til all the way down at 1296. With a time frame of....let's say Q122 ending.
 

Zed

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I thought he was suggesting a low in gold in April-ish, but beyond that no longer predicting gold. But a stock market downtrend into Q1 22, a year from now, around S&P 1296. Seems like a low number from where we are at today.
He called gold down in August and for longer than most think possible... or something like that from memory. I'd have to find it.
 

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He called gold down in August and for longer than most think possible... or something like that from memory. I'd have to find it.
My memory might be wrong on that... but if it was a discussion you'd get some clarification from the OP.
 

gnome

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BTC -> MACD 200DMA v 50DMA.

We are really stretching the rubber band here already. This market has a huge amount to digest when it breaks down. It is WELL ahead of itself! Could be a long washout. Look out for a double top @ 58K. You need for this to break that level convincingly to put 100K on the table. Hand on the rip cord if we trade back there IMO.

BTW: A BTC break down might/should see a strong flow to gold. (JMO)

View attachment 202644
So, worst case with BTC is $0 by morning, right?
 

Zed

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So, worst case with BTC is $0 by morning, right?
I doubt it LOL... but man what a classic looking blow off! To be honest it would not surprise me to see 100K then 15K in 2 years.
 

Voodoo

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Is anyone else at least quietly cheering to themselves..... crash, crash, crash. MFers.