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The Lunatic Fringe - Trading talk.

Goldhedge

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"Last week" = Monday

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Gold can do 1760 here without breaking down, keep that in mind.
 

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GSR is starting to look like a reversal week. i.e. heading down... which is normally good.
 

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BTC looking healthier but still needs to do a lot of work.
 

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Silver within easy reach of a good weekly close... for now.
 

JayDubya

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Just curious, if anyone here has experimented with/tried out any other options as far as "investment' ideas?

I absolutely despise the phrase "thinking outside the box" but I guess it applies here.

From things such as fine art, vintage automobiles, collectibles (sports cards are a hot commodity right now), wines/spirits, to more "exotic" or "esoteric" ideas like peer to peer lending, buying tax liens, flipping domain names.

Just to be clear, I'm not suggesting any of these things, just curious if anyone has looked at, or is looking at, any unusual ideas.

I don't drink anymore and just sold off what was left of some rare and some "harder to find" bourbons.

The return was surprisingly good and that sparked the thought in my head of - who'd of thunk it?

From there, I just took that initial thought to another level and started wondering what other, for lack of better words, alternative investments are out there that might be worth investigating.
 

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DJI could possibly be building a bull flag, if so Dent's DOW 40K may come to pass! New highs >35K and it looks like party time... again. Still diverging on momentum, needs to turn that around and hold 33K or so to look healthier. For now it's pretty undecided IMO.
 

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NASDAQ 100 is perking up... looking better.
 

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Just curious, if anyone here has experimented with/tried out any other options as far as "investment' ideas?

It has always required, I have felt, more specialist knowledge than I have or would have the time to attain. Yes there are some very investable alternatives if you know exactly what you are doing. I'm trying to learn about commercial real estate and MAN there are so many traps for young players that you could do in serious $ easily!

2c

FWIW.
 

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Ten Year yield bouncing off support, looking like this might be a turn... this is your key market.
 

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Strong bounce in oil...
 

dpong

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Just curious, if anyone here has experimented with/tried out any other options as far as "investment' ideas?

I absolutely despise the phrase "thinking outside the box" but I guess it applies here.

From things such as fine art, vintage automobiles, collectibles (sports cards are a hot commodity right now), wines/spirits, to more "exotic" or "esoteric" ideas like peer to peer lending, buying tax liens, flipping domain names.

Just to be clear, I'm not suggesting any of these things, just curious if anyone has looked at, or is looking at, any unusual ideas.

I don't drink anymore and just sold off what was left of some rare and some "harder to find" bourbons.

The return was surprisingly good and that sparked the thought in my head of - who'd of thunk it?

From there, I just took that initial thought to another level and started wondering what other, for lack of better words, alternative investments are out there that might be worth investigating.
I hoard nickels. Asymmetric trade. Either you make a profit or you get your money back. [In nickels.]
 

JayDubya

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The flaw with that idea is that you can't legally melt 'em down.
Or is it? I seem to remember one of our members had an ongoing issue with a business he had set up to refine pre 1982 cents.

According to Cornell Law School’s copy of US law:


82.1 Prohibitions.
Except as specifically authorized by the Secretary of the Treasury (or designee) or as otherwise provided in this part, no person shall export, melt, or treat:
(a) Any 5-cent coin of the United States; or
(b) Any one-cent coin of the United States.
Code of Federal Regulations (CFR) Title 31, Subtitle B, Chapter 1, Part 82, Section 82.1
Ok, so as we can see here, this is focused on pennies and nickels. This says pretty clearly that you can’t melt down either of these coins. However….

Section 82.2 of that law lists the exceptions. Here’s the one of interest:


(b) The prohibition contained in § 82.1 against the treatment of 5-cent coins and one-cent coins shall not apply to the treatment of these coins for educational, amusement, novelty, jewelry, and similar purposes as long as the volumes treated and the nature of the treatment makes it clear that such treatment is not intended as a means by which to profit solely from the value of the metal content of the coins.
Code of Federal Regulations (CFR) Title 31, Subtitle B, Chapter 1, Part 82, Section 82.2
 
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dpong

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Not yet...
 

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All of a sudden I'm getting unsolicited offers to buy cars, boats and property! I can't remember this happening before! A sign of the wilting value of cash? or coinkydink? Anyone seeing similar or am I just Johnny on the spot?
 

savvydon

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I get more unsolicited offers for crap than I can shake a stick at. Welcome to America.
 

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I get more unsolicited offers for crap than I can shake a stick at. Welcome to America.

Yeah so do I... to sell to me, not buy from me. Suddenly people want to buy all my stuff!
 

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BTC bulls have frayed nerves, it's too easy to upset them on Twatter. If BTC breaks south I think this will be a real blood bath even for BTC... just a hunch. Probably wrong but!
 

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Yeah so do I... to sell to me, not buy from me. Suddenly people want to buy all my stuff!
What are you not selling?
 

Lancers32

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BTC looking healthier but still needs to do a lot of work.

Doing a whole lot of nothing for quite some time now. Which is probably a good thing. Every dip into the high 20's has been bought up. We are likely due for a decent rally at some point since it refuses to break down. BITW might be the safest way to play the crypto space if you don't trade outright on the exchanges.
 

Lancers32

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All of a sudden I'm getting unsolicited offers to buy cars, boats and property! I can't remember this happening before! A sign of the wilting value of cash? or coinkydink? Anyone seeing similar or am I just Johnny on the spot?
For at least the past 40 years. As long as the world has been ending.
 

Lancers32

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BTC bulls have frayed nerves, it's too easy to upset them on Twatter. If BTC breaks south I think this will be a real blood bath even for BTC... just a hunch. Probably wrong but!
Fear/Greed Index not perfect but now 21 was 10 yesterday. BTC needs to rally somewhere around here or it will take the pipe. Think we get a rally but a move much under 28K would precede some serious dumpage even from the hold to 0 crowd.
 

Lancers32

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Entertainment purposes only. IF you aren't aware of the Homestake story in the 1930's WTF do you really know? Silver to $60 by January 2021.

 

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By Dr Joseph Mercola

A briefing from Public Health England (PHE) shows that as a hospital patient, you are six times more likely to die of the COVID Delta variant if you are fully vaccinated, than if you are not vaccinated at all.

The information shows up in Table 6 of the 77-page document, which the attendance to emergency care and deaths by vaccination status and confirmed Delta cases from February 1, 2021, to June 7, 2021.

Of 33,206 Delta variant cases admitted to the hospital, 19,573 were not vaccinated. Of those, 23 (or 0.1175%) died.

But, of the 13,633 patients who were vaccinated with either one or two doses, 19 (or 0.1393%) died, which is an 18.6% higher death rate than for the unvaccinated patients. Seven of the 5,393 patients who were partially vaccine with one dose died, or 0.1297%.

Of the 1,785 patients who had both vaccine doses 14 days or more before admission, 12 (or 0.6722%) died. This death rate is 5.72 times higher than that for unvaccinated patients. Put another way, if all 33,206 patients had been fully vaccinated, there would have been 223 deaths.

SOURCE: Public Health England June 11, 2021
 

savvydon

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By Dr Joseph Mercola

A briefing from Public Health England (PHE) shows that as a hospital patient, you are six times more likely to die of the COVID Delta variant if you are fully vaccinated, than if you are not vaccinated at all.

The information shows up in Table 6 of the 77-page document, which the attendance to emergency care and deaths by vaccination status and confirmed Delta cases from February 1, 2021, to June 7, 2021.

Of 33,206 Delta variant cases admitted to the hospital, 19,573 were not vaccinated. Of those, 23 (or 0.1175%) died.

But, of the 13,633 patients who were vaccinated with either one or two doses, 19 (or 0.1393%) died, which is an 18.6% higher death rate than for the unvaccinated patients. Seven of the 5,393 patients who were partially vaccine with one dose died, or 0.1297%.

Of the 1,785 patients who had both vaccine doses 14 days or more before admission, 12 (or 0.6722%) died. This death rate is 5.72 times higher than that for unvaccinated patients. Put another way, if all 33,206 patients had been fully vaccinated, there would have been 223 deaths.

SOURCE: Public Health England June 11, 2021
Interesting data, but difficult to accurately interpret. The number of deaths are fairly small, and you don't know what the condition of the people who died was. In other words, how old were they, what were their co-morbidities?...etc My very limited personal experience is that there has been a moderate uptick in my area, and most of the hospitalized cases are non vaccinated people.
 

Lancers32

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No way to get straight data on Covid. It is real but unless you are one of the extremely unlucky few you won't die or even contract it unless you are old obese and have pre existing conditions. Now you can contract it as my 35 yo son did but it was no more than an ass kicking flu that lasted just short of a week. He works for an outfit that has a contract with P and no one is getting that shot that he works with. Nobody.
 

Lancers32

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IF you don't mind risking a buck from here SILJ is close enough to bottom to warrant buying some if you have money you want to invest in the sector. Bet if they hit the Golds the Silvers will hold up. Stop $12.50 SILJ.
 

Lancers32

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Fidelity was down for quite some time I understand many thousands of websites were down today.
 

Lancers32

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CDE gap close from early December 2020. 4% risk to this week's lows.


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