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The Lunatic Fringe - Trading talk.

Zed

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March Silver delivery topped out @ 11660. Not bad, topping last December.
 

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I've never seen such a disconnect between physical and ticker prices. And I've never seen any significant disconnect last this long.
No. ...and the huge delivery rate.

It has to snap higher @ some point.
 

Lancers32

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I would have thought the mining shares would have taken a good hit today. Looks promising I think.
 

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20210330_145108.jpg


Mooloolaba
 

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BeefJerky

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Definitely some nice beaches. A lot like our Southern California beaches with the nice wide sandy areas.
 

Lancers32

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Bitcoin into the last important resistance short of the ATH. Sentiment supports further rallies at this point. Note that Bitcoin has held and rallied while the DX pumped. Gold and Silver not so much.
 

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Silver getting pounded again and in pre market the mid tiers are holding up much better than I would have thought. Gold approaching the recent lows GDX way off the bottom.
 

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Judge me not by the color of my skin but by the content of my bank account.
Judge me not by the color of my skin, but by the color of the stacks of gold and silver and platinum accumulated.....
 

D-FENZ

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Dollar cost averaging just means you bought too soon.

Dollar cost averaging is another way of describing what I call mental accounting.

I went to an auction once a couple hundred miles away. Took a box truck expecting to load up. Instead I bought nothing but a $4 cheeseburger from the roach-coach setup. I figured that single cheeseburger actually cost me about $504. So I bought another one to bring my average down to a more palatable $252 each. Neither one of them tasted very good but I didn't feel quite so bad.

Mental accounting.
 

dpong

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My daily stop loss (%40) on AG is just below the price now. Stop loss is for keeping the stubborn version of me from going broke, I reckon. I would rather not sell this...

3JQG1lhu.png
 

Lancers32

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So far just a retest.
 

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Lancers32

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Where does Gold have to trade down to to get GDX under 31?
 

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Possible double bottom in Gold today. GDX low risk buy stop under $30.50
 

Lancers32

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Hulbert Gold Timer Index is at the 3rd lowest reading in its history.
 

Lancers32

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My best guess is we have seen the lows in the mid tier Silver stocks for this cycle. CDE HL SILJ don't look like they want any lower.
 

Lancers32

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Think we are going to see $12.80?
 

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Jodster

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I don’t know who first said, “Never catch a falling knife.”, but they were right.
 

Lancers32

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Catch it a little bit at a time you'll be OK.
 

Goldhedge

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dpong

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Narrowly escaped being stopped out on AG and FSM. If they sneeze, they are done.
 

Lancers32

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WTF are the Wall Street Beatens in all of this? Really I hope you didn't fall for all of that bullshit. Getting to feel like we are one good bed wet from the bottom. The downside is relentless almost feels like a bear market don't it? :2 thumbs up:DCA in.:hang: Or just buy Bitcoin and avoid all of this crap entirely.
 

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Lancers32

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Long CCJ been looking at this for a couple weeks now just can't pull the trigger. Looks ready stop would be plenty close enough. Did well last time around. Iron hand on the tiller. :dancing guy
 

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Zed

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You getting your feet wet and sandy, or just sipping mint Juleps from the balcony?
All of the above... but mostly looking @ property in area.
 

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Gold was setup for the Comex. Comex trading is the tell.
 

Lancers32

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Long since August the paper price doesn't matter. :tex:


 

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Oh hey...

Screen Shot 2021-03-31 at 11.32.32 AM.png
 

Zed

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Looks like real estate is the new gold. Makes sense with all this job loss, no?

:spaceship: