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The Lunatic Fringe - Trading talk.

Voodoo

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I'd rather own just Pt at the moment and short a little Pd against the position. I think this would be a higher Alpha return with lower risk. But something like SPPP is a decent long-term play but I think it will be under pressure for some time.
 

dpong

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Here's something different. A real long-shot. Tom Luongo predicts that when Joe steps aside one way or the other they do not want Kamala as president so she too will be pushed aside. Who does that leave to check all the boxes to be president?

Luongo's answer is: Janet Yellen.

[I doubt it, but you heard it here first.]

 

Lancers32

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Black President reality show President a totally demented President now a Jewish female President? Nah. I think Bidet gets the Weekend at Bernie's treatment.
 

Jodster

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Here's something different. A real long-shot. Tom Luongo predicts that when Joe steps aside one way or the other they do not want Kamala as president so she too will be pushed aside. Who does that leave to check all the boxes to be president?

Luongo's answer is: Janet Yellen.

[I doubt it, but you heard it here first.]

Pelosi is third in line. That’s constitutional law. .
Unless she’s arrested for something.
And Trump runs for speaker of the House...
 

dpong

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Constitutional law. Is that still a thing?
 

dpong

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Seriously though, when Nixon's VP resigned, Nixon appointed Ford as his VP. Not the speaker of the house.

If Kamala goes first, then VP slot is wide open.
 

the_shootist

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Constitutional law. Is that still a thing?
1629997751007.png
 

dpong

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When I inspect this closely I believe I can detect a trend.

GOLD_SPX_2021-08-26_14-39-59.png
 

Lancers32

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Covid will find you. Do not go outside. Covid now has the ability to go through windows. Fock me.
 

dpong

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Covid will find you. Do not go outside. Covid now has the ability to go through windows. Fock me.
"Your imagination is our greatest asset." -- Them
 

dpong

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Is Jackson Hole making any news, or is this move devoid of a driving story?
 

dpong

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I want to see if it has legs.

Bloomberg_com.jpg
 

Oldmansmith

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Market does not believe taper jawboning. They've been jawboning about it forever.
 

Lancers32

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If you think Silver is going to trade up to triple digits and you have no participation currently you might as well buy a little even though we are well off last week's lows. Today's prices are very cheap compared to where we traded last year.
 

dpong

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I took a normal position on SILJ. Stop just below the recent lows.

[I could take 3 more positions once I'm a believer.]
 
Last edited:

jelly

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Overall, this has the feel of a multi-week rally coming. I bought earlier today, and am looking at a 2 month trade timeframe.
SilJ could be a bear trap. Very bullish.
silj.png

Gold with a strong Friday close above the 200 DMA
gold.png
 

dpong

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@jelly I have a subscription to Gann Global Financial's work and their main analyst sees the complex the way you are with the bear trap in both HUI and XAU (and of course SILJ). He signaled today for subscribers to go 150% long (1.5 times your "normal position") with stop loss just under the recent lows. Actually he'd use HUI and XAU as proxies, and would want subs to exit on a drop below the recent lows on *both* indices.
 

Lancers32

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In out then in again or never got out after the first buy?
 

Lancers32

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Looks like everyone got track shoes in The Demented One's administration.

 

dpong

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In out then in again or never got out after the first buy?
I don't recall how he played that. I don't think he got stopped out. For myself, today was my first buy. Partially based on his work and partially because SILJ has that "walking up the stairs" look to it. Also the obvious stop levels are close and easy.

[SILJ has that just beginning to walk up the stairs look. Could be invalidated very easily.]
 

Lancers32

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I don't recall how he played that. I don't think he got stopped out. For myself, today was my first buy. Partially based on his work and partially because SILJ has that "walking up the stairs" look to it. Also the obvious stop levels are close and easy.

[SILJ has that just beginning to walk up the stairs look. Could be invalidated very easily.]

Did not get stopped out just sounded really nervous for no reason especially with the stop so close. Obviously it could have opened lower beneath the stop. Know what I think? Everyone is too bullish just sell. :secret:
 

bemac

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Who is everyone? I have people who have been texting me saying "wtf is wrong with metals, why are they falling, should I sell now?"
 

dpong

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Did not get stopped out just sounded really nervous for no reason especially with the stop so close. Obviously it could have opened lower beneath the stop. Know what I think? Everyone is too bullish just sell. :secret:
Yeah, he was nervous. Had just run a big promotion to get new subs and then he didn't actually get the pattern he was originally looking for. But then it did shape up fine and he adjusted. This is his style. I don't hold it against him, but it sometimes feels like comedy gold.
 

dpong

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"Your imagination is our greatest asset." -- Them
"And your lack of imagination is also our greatest asset." -- Them

[Think like a criminal.]
 

Lancers32

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I don't know...a thing. Going down the $hithole at a rapid pace. I guess his boy will eventually get investigated right?


 

Lancers32

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SILJ adding every 25 cents down stop under 12 bucks.