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The Lunatic Fringe - Trading talk.

Zed

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If there is anything this market has done well it is proving people wrong who just damn knew they were right.

 

Zed

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Gold -> I think there is a good chance that we are @ the low OR within 5 trading days of the low being put in. IMO certain gold stocks have been discounting that recently and have put in their lows. If there is a final push it should look a little like the previous circled price area. A bit of containment for another 1 or 2 trading days then a big thump, then a soaking up of the liquidity generated until we get a squeeze up day or 3. After that they will ease up and buy professionally into April.

That is wet finger in the air stuff... but I think we might finally be here.

On the way up we need to smash those resistance levels but that might end up being a nervous struggle. I think if we top 1950 she is really on her way to new highs.

2c JMO DYODD etc...

Untitled.jpg
 

Zed

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Zed

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"Digital art" which exists and trades on the blockchain.

If that doesn't make sense, then know it's a bubble and you don't need to worry about it.

My daughter is good with that stuff, I'm gonna suggest some good meme's and see if we can sell nothing for summin!
 

Lancers32

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Now that has to be the strangest nonsense that I have ever seen.
 
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jelly

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Miners to gold ratio. Miners have been outperforming gold on this recent deline over the past 4 days. A good sign I'd say!
sc.png
 
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Lancers32

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When you start seeing targets like this it is time to put orders in. I would think 26 might be on the low side this guy is looking for 22. We will see I guess.
 

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Uglytruth

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DYODD

 

jelly

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Franco Nevada weekly chart. Poor shareholders! Royalties supposed to be one of the safest investments in the gold sphere, but people have been ditching it since the middle of the 2020 run in gold.
fnv.png
 

Lancers32

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Cheaper royalty company.
 

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Zed

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When you start seeing targets like this it is time to put orders in. I would think 26 might be on the low side this guy is looking for 22. We will see I guess.

It will correct/rally when no one is happy.
 
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Lancers32

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Are you happy yet?
 

Lancers32

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Tesla broke the parabola. Is anyone interested in this stock? I hear it is going to 7000. :reading:
 

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Voodoo

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Tesla hit 4500. So they almost made it to 7000. :tired:

Also, I don't know why you'd be buying FNV right now. It looks like it has a ton of shares outstanding with a $20 Billion MC and still over 70 P/E ratio. RGLD has about the same dividend but much smaller float. I still am favorable to Wheaton but they could use a share buyback.
 

Lancers32

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Loukas post at Twitter. Gold Blees Rating a sentiment indicator for COT is 100 indicating we are near a major bottom. We'll see. 0 is top.
 
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Zed

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Are you happy yet?

Nope... if I get happy that makes me paranoid and that makes me unhappy which I am happy with. Such is the life of a trader.
 

Zed

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Loukas post at Twitter. Gold Blees Rating a sentiment indicator for COT is 100 indicating we are near a major bottom. We'll see. 0 is top.

Handle?

@...?
 

Lancers32

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Nope... if I get happy that makes me paranoid and that makes me unhappy which I am happy with. Such is the life of a trader.

Simple just fade yourself fading yourself.
 

Zed

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Zed

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Zed

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Lancers32

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Getting very close to the one year anni of the crash lows. Decent possibility last Friday's lows hold unless we go deep in the metals. I really don't see more than 10% risk from Friday's lows in CDE HL SILJ and CCJ. Much lower than that and we have something else going on.

Doesn't have to be the same but a similar reaction to the 2001-2003 initial run in Gold 250-400ish and down to 325 halfway point might get us in the mid 1500's in Gold. Mid to high 1600's don't hold this decline I would expect to see mid 1500's.

An important low this month makes sense 15 or the 22.
 

Lancers32

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Seems counter intuitive that the $ would strengthen and the metals would trade lower with all of this printing. Anything can happen.
 

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