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The Lunatic Fringe - Trading talk.

chieftain

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That's insulting to idiots Lancers.
 

Zed

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That's insulting to idiots Lancers.


The guy is old and unwell, I'm not going to call him an idiot for that, I may well end up as bad @ his age. That said there is a special place in Hell reserved for the people that are using him in this fashion. There also may be a special place in Hell for him given the level of corruption it appears he has been involved in. I guess he may just be paying a debt to the political mafia, but he dug that hole!

It is such a sad situation for the USA, nothing looks legitimate. As unimpressed as I am with our clowns at least it looks like we actually elected them. Globally we need better leadership, where has all the quality gone?
 

Zed

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BTC looks like it is serious this time.

1633992646394.png
 

Zed

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Silver as well. $23 looks significant... a solid +$1 day would be a nice trend break. Alas, not yet.

1633992881426.png
 

Zed

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The HUI is still cheer leading, these guys think it's a turn... for now. Some sell back today.

1633993117164.png
 

Zed

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The DXY is still on track higher.

1633993241302.png
 

Zed

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TNX on the way up also... so if not treasuries, where is the money going?

1633993381209.png
 

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Not looking like stocks for now...

1633993464802.png
 

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Hmmmm... commodities...

1633993601386.png
 

Zed

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Inflation trade? Just a matter of time for gold? Or is it really a relic now? Gold stocks seem keenish.
 

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Goldies trading flat down here.
 

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How to become a master gold trader!

 

dpong

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jelly

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Copper weekly chart. Consolidation coming near it's end and potentially setting up for another advance higher. This'll be interesting to watch. If it breaks higher, this could be a big move. But if it fails and heads down, watch out.
I'm keeping an eye on the copper miners for clues to direction.

copper.png
 

Lancers32

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What ya gonna do?


 

Cigarlover

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Nice to have a Green Day for a change. Almost forgot what that was like. :). Bought Jan calls on AG last week. was just hoping for a close above 12 this week. A small move in the right direction. Todays move feels pretty good. Hopefully the worst is behind us.
 

jelly

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What excites me about the current setup is that the miners are busting some serious moves, yet silver itself has not yet broken the downtrend line. Once silver breaks this line, I'm thinking the miners are going to make back what they lost over the past few months. Many miners have 100% moves just to get back to the previous highs. Some have 200% upside from the lows to get back to the old high. Something to think about.


silver.png
 

Cigarlover

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What excites me about the current setup is that the miners are busting some serious moves, yet silver itself has not yet broken the downtrend line. Once silver breaks this line, I'm thinking the miners are going to make back what they lost over the past few months. Many miners have 100% moves just to get back to the previous highs. Some have 200% upside from the lows to get back to the old high. Something to think about.


View attachment 228460
I've been thinking the same thing. I rode all my miners down but was really just starting to build positions so cash has been sitting on the sidelines for now. Now I can double up on some of those positions at the low and not only get back to even but make a nice profit on the way back up.
 

Lancers32

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So you can go to a playoff game in the US without the job or a mask but if you go to see the Maple Leafs play the vaxx is required? I remember when you would run to Canada to avoid Viet Nam.
 

Lancers32

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Would be interesting to see how the one more move down in the pm complex guys handle this situation. We're 15% off the bottom now and the metals haven't done all that much yet. That up down up move we saw recently is very bullish.
 

Lancers32

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Some of the Uranium stocks are closing in on the previous highs now but are around 30 days from the tops.
 

Jodster

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Would be interesting to see how the one more move down in the pm complex guys handle this situation. We're 15% off the bottom now and the metals haven't done all that much yet. That up down up move we saw recently is very bullish.
Regardless of where the COMEX or spot prices are manipulated to, it's interesting to note that the miners and PM Funds are holding their own.
It pains me to say so, but Rick Rule called this accurately in the Spring.
Obviously there was more downside, mixed with buying opportunities of selective miners.
 

Lancers32

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More downside is the operative phrase.
 

dpong

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SPX is testing the 50 DMA from below, trying to decide if the correction is over or we potentially visit the 200 DMA (not shown.)

SPX_2021-10-14_14-37-43.png
 

Lancers32

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Still waiting on that what would be two major crashes in less than two years to materialize.
 

Zed

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DXY taking a break.

1634251479535.png
 

Zed

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BTC into historical high resistance zone... some work to do before the bulls really win.

1634251695006.png
 

Zed

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No and we won't see it this time either.

Yes, I don't really see it either. Oliver's idea of a grind lower seems more on the money but I still half expect an insane FOMO blow off first!

NDX ramping up for a blow off?

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Lancers32

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Big money only has one place to go with bond rates this low I would think.