Two day close under $1675 Gold and we go much lower I think. I like Penny but I don't think anyone can just throw out an arbitrary number like $100 downside risk. Could be much more.
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The Lunatic Fringe - Trading talk.
- Thread starter Zed
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Two day close under $1675 Gold and we go much lower I think. I like Penny but I don't think anyone can just throw out an arbitrary number like $100 downside risk. Could be much more.
Sentiment in the toilet.
https://www.thestreet.com/investing/gold-timers-are-finally-throwing-in-the-towel?
https://www.thestreet.com/investing/gold-timers-are-finally-throwing-in-the-towel?
IF you ever intend to invest/speculate on Bitcoin this cycle you have to go long or longer any weakness this week. I think a gift would be 57-58K. Gump is hoping for weakness into Monday morning's US open at 7.
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While sentiment for the pm complex is in the crapper there is something else to consider. When a market doesn't do what it should be doing it is a red flag. Bullish fundies market still going down is not the way the metals should be reacting.
This is a weekly chart of one of my recent targets. Looks to me like we are on the verge of a decent runup here... it's not going to be the Lone Ranger either. Waiting for the breakout, I think it is very close.
PS> RSI is already there.
PS> RSI is already there.
For 7 years the DXY has been in a range, 88 to 104... I expect it to stay there. I suspect that anything out side that range breaks shit. Expect to head back up to the 102/4 level over 24 months or so. I think they will do anything to stay in that range.
It's raid day!
Anyone remember when Silver was $5, made a 50c move in one day and we all went nuts?
Ides of March.
It's like they read here then plan this shit... I dunno.
It's like they read here then plan this shit... I dunno.
The government are going to struggle with banning it...
... yet they will try.
... yet they will try.
Funny how this worked out. Bitcoin down last Friday morning MARA RIOT and NCTY were down sharply. Today after making what looks like at least a local top this weekend all of these stocks are up with a7K BTC dump.
To call these two assholes is to disparage assholes everywhere.
https://www.zerohedge.com/political...-more-pandemics-coming-because-climate-change
https://www.zerohedge.com/political...-more-pandemics-coming-because-climate-change
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RIOT was at $78 a few weeks ago with btc at $57k... now at $63 with btc near those levels.
Today is working out for me...a little up a little down...nothing big.
YOLO up.
They are working on pandemic 2.0 now...
Some loopy Lord in the UK proposed a 6 o'clock curfue for men after a girl got attacked. The media actually gave it air play. Imagine what would go down if it were proposed for women.
This is going nowhere good.
This is going nowhere good.
Just take the money and smile.
There is some pot stirring at the very least.
Wouldn't it be interesting if the hedges or banks have started covert social media operations to foster the GME effect?
I wonder if it possible to do, or worth it. GME was nuts.
Why would the banks continue then on silver? Seems like a bad idea. What if this was being done by people who are, I don't know, not friendly to the whole Federal Reserve system. Or perhaps it's just the CCP looking to further destabilize the USSA. Definitely more than just a random Readit forum.
Could be a hedge fund, it would give them some plausible deniability... it wasn't us, we just traded it.
Who knows?
Just speculation.
They already just about bankrupted a Hedge Fund and are putting serious pressure on the Market Maker ie Citadel. Just a "Hedge Fund" doesn't even cut it. And then they want to take on the entire banking sector with Silver? That's not purely a profit motive. This is someone with Huge pockets and NOT purely profit motives.
Oh bullshit, a hedgy could take ANY position they wanted and hiring a few "influencers" to get in there and post about "an opportunity to fuck the banks" for a year or so would be a micro expense for many of them.
Silver doesn't take huge pockets, heaps of people could rev this market right up, SAVE for the treatment that the Hunts got it might be temping. What better way that to go in behind a shield of many 1000's of small physical buyers?
I dunno... but it's not impossible that this is sponsored activity outside of the banks and .gov.
Real Estate is going MORE nuts around here! Dog boxes are hitting the 1M$ mark.... I'm a little gobsmacked given the economic errrr um uncertainly we have.
Wake up! I'm bored.
Silver taking a bit of a hit this morning.
I wonder if Bridgewater is short and feeling pressure here?
Otherwise longer term it is a valid point, if this market becomes too successful we all would be wise to scale into a plan B investment and diversify the .gov risk!
Otherwise longer term it is a valid point, if this market becomes too successful we all would be wise to scale into a plan B investment and diversify the .gov risk!
Google Trends
... it would appear that stocks have been sucking the air out of the room for gold, more so than bitcoin.
... it would appear that stocks have been sucking the air out of the room for gold, more so than bitcoin.