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The Lunatic Fringe - Trading talk.

Zed

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Looks like this on a chart... not impossible.

1632996850305.png


It will be interesting to see how much the numbers shift as we approach the expiry.
 

Lancers32

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I think it's fair to say that things look ugly now

Nah she just took all the make up off. Been ugly for a while but things are bound to turn sooner or later.
 

Lancers32

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Scroll in about 1/2 the way for MO. @ 7 min mark.


Oliver says it took the bears 8 months to drive Gold back down towards 17 so they need to break it down now or else? What does it say about Silver that the bulls have yet to make a new high in over 40 years? When the market structure isn't broke but you are.
 

Lancers32

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Desperately need to own this. You can bet there will be buying coming in 19-21 bucks and if we get a bit more weakness maybe SILJ around 10 or so. One of the worst sectors to have been in the past year or so.
XAGUSD_2021-09-30_07-08-30.png
 

Lancers32

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Opening lower would be a good thing. Getting closer.
 

Lancers32

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I hate these diagonal lines on charts. So no what? Lamont about to tear gradhhy a new one.

agg.png
cdee.png
lam.jpg
 

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Opening lower would be a good thing. Getting closer.
Lancers, what gives you this perspective?
Are you preferring a solid retracement over a false rally/noise?
Just curious about your thought process. Nothing else makes sense.
 

Lancers32

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Lancers, what gives you this perspective?
Are you preferring a solid retracement over a false rally/noise?
Just curious about your thought process. Nothing else makes sense.

I would have rather seen a lower low today and a rally. We gapped higher after seeing slightly lower prices very early this morning but higher than yesterday's lows. You can't catch the bottom only rarely will you get that lucky. Looking for a bottom next week we might have already seen it. So I bought 25% positions in AG SILJ and MTA after the dips early this afternoon. We go and test yesterday's lows tomorrow another 25%. We plunge early next week I'll go to 100% long. Seeing a lot of talk now of $15 $17 Silver. We most likely bounce 19-21 if we haven't already seen the lows for this move down. So far all we have done is test the $21.50 level Gold still held well above the $1675 level.
 

Zed

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ASX Goldies have been ~3% give or take 0.2% today. The field is spread from 1% to 4%.
 

savvydon

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ASX Goldies have been ~3% give or take 0.2% today. The field is spread from 1% to 4%.
Today should be interesting when the Comex opens. Are we going to see follow thru from yesterday, or was yesterday just a dead cat bounce on the heels of Wednesday's thrashing?
 

Zed

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Today should be interesting when the Comex opens. Are we going to see follow thru from yesterday, or was yesterday just a dead cat bounce on the heels of Wednesday's thrashing?

Gold and BTC are against daily down trend, they both need a strong day to break it. Otherwise they will still have a negative posture going into next week.

2c
FWIW.
 

Zed

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I'm listening to a chicken economist called Doomberg being interviewed!

Doomberg's substack.


Twatter


He has a doomberg terminal!

1633066657870.png
 

Lancers32

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Does this rally have legs? My Grandmother would smack me for this but hey.


 

savvydon

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You think you got a raw deal?
Although I rail against it, work has a side effect of keeping me grounded. Just when I start to feel sorry for myself about the circumstances my stupidity has gotten into me I look over at the next dude and am reminded of what it is really like to get a raw deal.
 

Lancers32

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$hitcoin
 

Lancers32

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Sneaky Pete been wrong for a long time now but eventually...
 

Zed

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Two fairly big reasons many will find favor with this interview
Sneaky Pete been wrong for a long time now but eventually...

Demand tripling is just a reversion to mean.

The one thing that is certain is we never just revert to the mean, otherwise it wouldn't be a mean.

Now when is another question entirely.
 

Lancers32

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A little troubling is the thin volume zone.


FAnhrsaVEAIzTtF.jpg
 

dpong

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Nick Radge on Algorithmic trading.

[It'a about an hour.]

 

Goldhedge

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Market is excited...

Screen Shot 2021-10-01 at 9.19.47 AM.png
 
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Lancers32

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With Silver up and the shares down/flat probably prudent to wait till next week. Got stink bids in that will never execute today.
 

Lancers32

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As always painful to listen to. Bottom line. Bottom soon maybe under $1670 then 2-3 month rally. Thinks the Aug 2020 high was a major top. I do recall he was looking for a bubble phase in Gold earlier this year so...


 

Zed

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Gold and BTC are against daily down trend, they both need a strong day to break it. Otherwise they will still have a negative posture going into next week.

2c
FWIW.

BTC managed it...

1633135225208.png



Gold squeaked across...

1633135275288.png
 

Zed

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Silver finding buyers in the 22's again, 23.50 is about the magic number to close out over on the weekly. Momentum is showing signs of life.

1633135649323.png
 

Zed

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With Silver up and the shares down/flat probably prudent to wait till next week. Got stink bids in that will never execute today.

It looks like it's looking for a bottom here! It could be in the high 9's but you wouldn't want to die on that hill, could turn on a dime.

1633136640831.png
 

Zed

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It doesn't have to make sense...

 

Zed

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Looking forward to seeing how this thing goes in the real world.

 

Zed

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Also Silvers weekly OBV (On Balance Volume) has ticked up, not a bad sign. With the momentum the odds favor a rally soonish.

1633142490089.png
 

Zed

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Golds Weekly OBV has been walking away from golds price since the big smash. FWIW it looks like mission accomplished, smash the price and soak up the liquidity that comes. OBV is pointing out the mop up operation. Also, not bearish!

1633142715580.png
 

Zed

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This discussion revolves around the idea that our collective response to the pandemic is reflective of a social dislocation that was present prior to it. Huge numbers of people simply don't want to go back to the old normal and the 'crisis' has given many a purpose in life. Reality be damned, it is about how we are feeling about life. Ground ripe for the cunning and manipulative. Forth turning anyone?

 

savvydon

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This discussion revolves around the idea that our collective response to the pandemic is reflective of a social dislocation that was present prior to it. Huge numbers of people simply don't want to go back to the old normal and the 'crisis' has given many a purpose in life. Reality be damned, it is about how we are feeling about life. Ground ripe for the cunning and manipulative. Forth turning anyone?

I didn't watch the video but I get your drift. If life is a boxing match, Covid was the excuse to go sit down in your corner for awhile.
 
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savvydon

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Looking forward to seeing how this thing goes in the real world.

Z, that was a low blow. Because of you I went to their website and fell in love. The model with the pull out cook top and tent is ridiculously cool!
 
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