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The Lunatic Fringe - Trading talk.

savvydon

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I'm mostly just waiting for Silver Sammy to throw in the towel.
I'm guessing there is a bit of Silver Sammy in all of us here. I know it won't be time to let go until I see a Mercury dime on the ground and it isn't worth it for me to bend down and pick it up.
 

Voodoo

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Voodoo

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savvydon

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dpong

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First Majestic (AG) has fallen below my personal daily 40% stop loss level. Close there and she's a goner.

[Black arrow is where I bought.]

[Pulling gold related stop losses up to 10% off of recent highs across the board.]

[Err... by "across the board" I mean trading funds only. Doorstops are forever.]

lONQCWEy.png
 
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Lancers32

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Saw a chart of AG on Twitter moments ago now can't find it. The sector looks like hot garbage now. Support is support until it isn't. Feels like we are one bad day in the metals away from a 15% down day in some of these miners. Just doesn't feel right. Metals doing much better than the miners. Makes you wonder how low the miners go if the broad market craps the bed from here.


E5yraQRVcAATzkw.jpg
 

savvydon

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Saw a chart of AG on Twitter moments ago now can't find it. The sector looks like hot garbage now. Support is support until it isn't. Feels like we are one bad day in the metals away from a 15% down day in some of these miners. Just doesn't feel right. Metals doing much better than the miners. Makes you wonder how low the miners go if the broad market craps the bed from here.


View attachment 217215
That's about the size of it. I'm pissed I am already 90% in. If this demolition persists for a bit I'm sure we are setting up for what will eventually be a great entry point. I didn't see this coming. You make yer bets and you puts yer money down...
 

dpong

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I'm out of AG using a 40% stop. Out of CDE using a 10% stop.

At closing prices I'm out AG at +126.14%. Out of CDE at -19.49%.
 
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DHAWK

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I been thinking the same for weeks, just thought it would be dumb question.
Wheres them wall street bettin' boys at?!?
 

Jodster

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That's about the size of it. I'm pissed I am already 90% in. If this demolition persists for a bit I'm sure we are setting up for what will eventually be a great entry point. I didn't see this coming. You make yer bets and you puts yer money down...
Same here. I bought the dips and that was about 30% up from where we are now.
 

Lancers32

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This is similar to the chart of AG that I saw on Twitter yesterday.


983A7151-A21A-4554-B250-89C5F6A34581.png
 

dpong

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I just went positive with my latest CHS purchase after getting stopped out a week before.

[This should be a meme stock.]

Y6lGvQ21.png
 

dpong

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@Voodoo
Finally got stopped out of PLAY for about a 67.87% gain.

6nsnhar1.png
 

savvydon

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I’ve noticed Physical premiums steadily dropping on some silver bars
Yup. It is not a huge drop, but it is definitely there. My interpretation of that is that the market was anticipating a breakthrough in the spot price above the $28-30 level. Instead, the paper pushers punched the price back down thru support at the $26/26.50 level, thereby letting some air at the system and resolving the dichotomy between paper and physical slightly in the direction of the seemingly omnipotent paper powers that be.
 

Goldhedge

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"Gold years are like dog years...." Craig Hemke TF Metals

 

Lancers32

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You would think but if you bet that way you'd be wrong. Maybe it looks like this maybe not. Being out/short the broad market is not reason enough to be long the pm complex.



E6H7mGGXsAYLI69.jpg
 

Lancers32

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There is an old adage never to sell a dull market. I will make an exception for Bitcoin and the pm complex. No interest at these levels for me at all. Lots to prove first.
 

Zed

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A crypto ***MUST LISTEN*** and ***MUST READ*** ...

Get it while it's still there...


 

dpong

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A crypto ***MUST LISTEN*** and ***MUST READ*** ...

Get it while it's still there...


Glad you are still with us. We tried not to panic, but still.
 

Zed

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CNBC on the apes...


... not sure what they are going for!

NB: The supply give away here might be the statement that, like gold, all mined silver is still available. Which is a patently false statement. Speculation ->Things might be getting critically tight.
 
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Goldhedge

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Voodoo

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CNBC on the apes...


... not sure what they are going for!

NB: The supply give away here might be the statement that, like gold, all mined silver is still available. Which is a patently false statement. Speculation ->Things might be getting critically tight.

Not before trying to lure a few Readitors into a "crash" and then saying... see we told ya so.
 

Zed

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Eying off the bunker.
Not before trying to lure a few Readitors into a "crash" and then saying... see we told ya so.

It is possible they are searching for more weak hands (or retail players) for the futures game. Running out of liquidity makes playing that game hard.
 

LogicFusion

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Too funny man.
Every time you reply you give me another opportunity. To refresh.
So who is Martin Armstrong?
Martin Armstrong is a world renowned criminal. A thief. An unrepentant convicted felon. Worst of the worst. Decades ago, he hired some programmers to write that program for him that he calls Socrates. Used it to trade the markets with money stolen from investors. Lost USD 700 million. Created a USD 3 billion Ponzi scheme to cover up the losses. Was caught and spent 11 years in jail for the crimes, including for failing to return USD 15 million that he stashed away, on top of the losses.

After getting out of jail, Martin Armstrong laundered the stashed away money and paid Marcus Vetter to make that whitewash movie "The Forecaster" for him. A web of lies that blames the government for his crimes. The wet dream of a criminal. Now he sells that Socrates software that he used to lose millions, as a subscription service for USD 1,800 per year to the little guy. For the results, see (Link):
Socrates Subscriber Testimonials
This is the true story of a criminal kept safe from his victims, earning USD 15 million of stolen money while behind bars, being fed on US taxpayer expense, and allowed to re-build the longest running scam business in history, using some of that stolen money.
 

dpong

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Regarding S&P 500 and whether it has gone parabolic (it has) and how to bet...

My retirement slow-trade system has me go long when S&P 500 monthly chart closes the month above the 20 month moving average. I move back to cash when it closes the month below the 20 month moving average. It has performed well for the past few decades. Who knows what the future brings?

MHiuilY6.png
 

dpong

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dpong

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Fabian who?
Oh, Dick Fabian. I had not heard of him and his plan.

Here's something I found about that:
 

Lancers32

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His son Doug took over some time ago.