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The Lunatic Fringe - Trading talk.

Lancers32

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SILJ low $13.11 now a bit off the bottom. Really needs to hold $12.75. Close to if not already at a level for a long side scalp. Not really interested though.
 

Goldhedge

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Screen Shot 2021-07-19 at 8.45.00 AM.png


Screen Shot 2021-07-19 at 8.37.24 AM.png


If'n I drew support correctly...?

Screen Shot 2021-07-19 at 8.37.14 AM.png




Screen Shot 2021-07-19 at 8.44.41 AM.png
 

dpong

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GDXJ looks to be closing below my 10% stop loss.

[That will make me 100% flat the miners.]

FzMdDrXg.png
 

Lancers32

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Bored. Small long SILJ risk down to $12.60
 

jelly

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Silver working on breaking down, as expected. Silver always disappoints, it's what she does. But eventually she'll dazzle us all.
$23 coming soon? Should be interesting to watch.


Silver-uhoh.png


Also coincides with the breakdown in the russel 2000. This is setting up to be THE top that we've been waiting for:


rut.png
 

dpong

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At tomorrows open I will sell out of GDXJ for 44.31% gain.
 

Lancers32

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I think the put/call ratio was over 1 today. SM might want to rally from here if that is any indication. Don't have a position so no matter.
 

Lancers32

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Here's some silver stocks. Getting close to the point where we should see some support. First week in August marks the one year anni of the Gold top. May or may not mean anything.

SILJ made a short term top at $12.65 75 pre market before breaking down to $10.25 before the major launch last year. I would start to get really concerned if I was long in size if we can't find support in the mid 12's. Form what I remember reading bull markets are defined by prices going higher not lower right? Look don't think.


E6r9l2fVEA4sse6.jpg
 

Zed

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Zed

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There are lots of people nervous about this second half, so much so that the Fed must see the issue coming... ergo it will meet a wall of money as the Fed responds and most likely will never happen. We tend to crash when almost no one sees it coming and as far as I can see this one is well advertised and therefore less of a threat.

2c
FWIW.
 

Tbonz

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Right now I have two regrets in life; buying miners 3 months ago and not waiting until now to buy.
I still think that there is some downside to this area. I have always, ALWAYS, believed that we are going to see metals, refiners, etc beat down to the point MOST people would question their own sanity for investing in metals.

I believe the reset that is coming, and it is coming, that we will see the future monetary systems completely tied to metals. This may be after the powers that be have put our global population below a billion people globally through a variety of events. Technology is coming, and it is going to change the complete dynamic of our world.

I remember in high school or college reading a book, "Science Fact," and the things mentioned in there seemed so far fetched, but a lot of it has become reality. There are a lot of forces acting against our way of life: socially, economically, militarily, religiously, and financially and they have one goal, global control.

The one thing that gives me hope is the people here at GIM2 that bring a world of knowledge and awareness to see the things that 99.99% of the people don't see coming. Thank you to all of you for giving hope to me and my kids.
 

Zed

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DJI Weekly Setup. Bouncing soon? 33K looks critical, needs to hold.

1626754803181.png
 

Zed

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Silver Weekly - Ideally it bounces this week and finishes over trend @ ~ 25.40. Could test the ~24 level first.

1626755197464.png
 

Zed

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GSR Weekly - I think it might pop to the 76 level were it should meet steep resistance. Breaking below trend (purple) will have it looking very much like the start of the last melt up. 62 looks like a critical support for the bears. 72 may hold but we need to break down past trend for it to mean a whole lot. Looks like limbo for a little while yet.

1626756205805.png
 
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Zed

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BTC Weekly - Not looking so strong, break that 29K level on a week close and it looks like toast to me. I gave it a little more room, its probably 30K but it is SO volatile. Could be the thing that sends money to gold. BTW... IF volume rises on the break down of 29K then the daily looks like a head and shoulders... with a target of 0! So there is that.

1626756484692.png
 

Zed

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NASDAQ Weekly - Break 13800 on a week close and I'd expect issues. It's been diverging from momentum for a year now! It needs a reality check. Fed to the rescue @ say 12K?

1626756922220.png
 

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Ten Year Yield Weekly - Last week was a break of trend and support, this week seem to be confirming its validity. Support @ roughly 1%, 0.75% and 0.50%. Momentum has gone negative and steeply so. This could get brutal if there is no quick support from the Fed.

1626757458496.png
 

Zed

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GDX Weekly - Looks like 31 to 29 is possible now with the breakdown. I'd be tempted to buy into a flush out in the 29's. Given gold that is OVERSOLD!

1626757964028.png
 

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Older...

 

Zed

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Oil Weekly - Not broken but I'm gonna say 62 is a number we don't want to close below this week. Momentum is decidedly bearish and looking to go negative.

1626758849311.png
 

dpong

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Wow, one of my WTT stocks (ARDX) has collapsed this morning.

[It is a good thing that WTT system practices reasonable money management by investing only 5% of portfolio value into any one symbol.]

[That's going to put a dent into my distribution of trades graph!]

[We have until the weekend to recover some of this. Maybe.]

xFAVDIYn.png
 

Lancers32

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I still think that there is some downside to this area. I have always, ALWAYS, believed that we are going to see metals, refiners, etc beat down to the point MOST people would question their own sanity for investing in metals.

I believe the reset that is coming, and it is coming, that we will see the future monetary systems completely tied to metals. This may be after the powers that be have put our global population below a billion people globally through a variety of events. Technology is coming, and it is going to change the complete dynamic of our world.

I remember in high school or college reading a book, "Science Fact," and the things mentioned in there seemed so far fetched, but a lot of it has become reality. There are a lot of forces acting against our way of life: socially, economically, militarily, religiously, and financially and they have one goal, global control.

The one thing that gives me hope is the people here at GIM2 that bring a world of knowledge and awareness to see the things that 99.99% of the people don't see coming. Thank you to all of you for giving hope to me and my kids.
The opportunity to buy at levels no one wanted was sad to say last March in 2020.

Gold is $1800 Silver $25 even with all the teeth gnashing.
 

Lancers32

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BTC Weekly - Not looking so strong, break that 29K level on a week close and it looks like toast to me. I gave it a little more room, its probably 30K but it is SO volatile. Could be the thing that sends money to gold. BTW... IF volume rises on the break down of 29K then the daily looks like a head and shoulders... with a target of 0! So there is that.

View attachment 218558
Who could resist nothing for free?
 

Lancers32

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If you look at this from the other side of the room you can see this is a critical area to hold. Area.
tmQWxXWu.png
 

Lancers32

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You can draw your lines wherever you want.

E6vuMM2WUAYVGLL.jpg
 

dpong

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The opportunity to buy at levels no one wanted was sad to say last March in 2020.

I was "lucky" enough to have done so. That is how I was able to make money even with a *40%* stop loss for christmas' sake.

[Correction: I bought early April 2020. Same difference.]
 
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Lancers32

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Still early in the day but HL CDE and SILJ are flat to slightly up with Silver down 35 cents. Watch yesterday's lows. Might be at least a short term turn here.
 

savvydon

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Silver seems like it is approaching a flush out. Premiums are collapsing and all the Reddit Apes are busy fondling their bananas.

Maybe getting near time to make a stand? Don't listen to me I got knocked flat.
 

Jodster

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If I can make back what I’ve lost, I might pack it all in cash. Seems the deep state gave a little flex to push back on Wall Street silver, Basil 3 and Sprotts SPUT.
When times get desperate, it scares me to think that they could push gold to $1200 and silver to $14, not giving a fuck about premiums or supply.
We haven’t seen the deep state desperate. That worries me.
 

dpong

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The thrill of victory... the agony of defeat.


[All on the same thread.]