• "Spreading the ideas of freedom loving people on matters regarding metals, finance, politics, government and many other topics"

GIM Funding Drive. next weekend only Feb 4, 5,6

Fri thru Sunday only

The Lunatic Fringe - Trading talk.

jelly

Silver Miner
Seeker
Joined
Dec 6, 2010
Messages
1,394
Reaction score
1,656
I think the key factor in all of this is the apparent reversal in the US dollar. Appears to have topped out.

in other news, bank of England raised rates today. It appears other countries are making the first move
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
Real easy in the pm complex now but Gold might be a little trickier than Silver. Silver made a double bottom against $21.40 yesterday.

You can buy any miner like SILJ MTA HL CDE yada yada and hold unless they can close under yesterday's lows. You want to pay more fine I like my chances in this area every time.
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
It's not me it's you. We are focked.


 

Jodster

Always wrong
Silver Miner
Survivor
Joined
Apr 4, 2010
Messages
1,716
Reaction score
2,097
Real easy in the pm complex now but Gold might be a little trickier than Silver. Silver made a double bottom against $21.40 yesterday.

You can buy any miner like SILJ MTA HL CDE yada yada and hold unless they can close under yesterday's lows. You want to pay more fine I like my chances in this area every time.
I remember buying SILJ at $14.00 on a dip, thinking I was getting a good deal for the next leg up. Then I rode the bugger all the way down to $13.00 and stopped out.
Yesterday I could have picked up some at $11.60 and balked . . . too gunshy. And of course it's off to the races.
Any bets on if this is a dead cat bounce or have we finally turned the corner in the precious metals?
Uranium, on the other hand is a lost cause and don't even ask me about SPPP...
 

savvydon

Site Supporter
Site Supporter
Platinum Bling
Joined
Dec 14, 2010
Messages
4,401
Reaction score
5,457
Interesting turnaround in silver today. I haven't sold any positions during this downturn and have only added one position. This seems like a good spot to put some sideline cash to work if there's some follow through on todays reversal.
I doubled up on my Jan slv call options yesterday. Trying to find an easier exit.
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
I remember buying SILJ at $14.00 on a dip, thinking I was getting a good deal for the next leg up. Then I rode the bugger all the way down to $13.00 and stopped out.
Yesterday I could have picked up some at $11.60 and balked . . . too gunshy. And of course it's off to the races.
Any bets on if this is a dead cat bounce or have we finally turned the corner in the precious metals?
Uranium, on the other hand is a lost cause and don't even ask me about SPPP...


Wait for a good red day. Same for Uranium don't chase.
 

Voodoo

Midas Member
Midas Member
Site Supporter ++
Platinum Bling
Joined
Mar 31, 2010
Messages
6,453
Reaction score
10,698
Location
Deep Underground Bunker

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
Whole lotta cheap miners out there right now. Going on a shopping spree...

They got a lot more expensive real quick. Everything I look at gapped up yesterday.
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
Miners go south Wednesday's closes are a decent place to fish.
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
Same $hit with every one of these a$$ clowns. GTFO.

 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
Well, his question is pretty broad. Which criminal act? What does he mean by "social justice?"


Thank you for the question Bemac.
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
HL
CDE
MAG
SILV
SILJ
MTA
AG

SILJ would probably be sufficient. Wednesday looked like a capitulation low. Wonder if tax loss selling is over? Rallies in the near term will most likely be sold due to recent market action. Unless you bought early on last year you are sitting with losses.

Feed in a little at a time probably a good idea.
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
Encouraging but it doesn't mean straight up.


FG0j8BRWQAMH9RB.png
 

Goldhedge

Retired
Survivor
GIM Hall Of Fame
Midas Supporter ++
Joined
Mar 28, 2010
Messages
65,436
Reaction score
142,937
Location
Rocky Mountains

dpong

Site Supporter
Gold Chaser
Site Supporter
Joined
Jan 11, 2012
Messages
3,327
Reaction score
4,054
This would have been a nice ride, had I caught it.

DFIN_2021-12-17_16-36-15.png
 

gnome

Site Supporter
Midas Member
Site Supporter
Joined
Apr 10, 2010
Messages
6,334
Reaction score
5,460
TSLA fills the gap just above $900 that happened after earnings last quarter.
Elon has a few more options to exercise (and shares to sell to cover the taxes), but the selling pressure is probably almost done.
I'll nibble on weakness, and all in if we get anywhere near the 200dma.

Screen Shot 2021-12-18 at 1.46.16 AM.png
 

jelly

Silver Miner
Seeker
Joined
Dec 6, 2010
Messages
1,394
Reaction score
1,656
Just musing...
If we use Oct 1 as the date for the lows, it took 14 months for gold & miners to bottom from the Aug 2020 top. If the climb higher is reciprocal, taking 14 months to get back to the 2020 highs, it would reach the previous high of $2,100 gold around November 2022.
Not a prediction, just something to think about.
gdx.png
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
Light volume time of year so be prepared to get pushed around a little. No guarantee the pm complex has bottomed but for now I am playing it that way. No major commitments a little at a time. We head down Monday-Tuesday I have bids here...

HL $4.80 CDE $4.84 MAG $15.34 SILV $7.32 SILJ $ $11.76 MTA $6.48 AG $10.49

IF we break these halfway back points I would anticipate buying closer to Wednesday's bottoms slightly higher. Unless we run into a nasty bear market the risk from this general area is manageable. The risk reward favors the miners and the Uranium stocks.. Good luck.
 

Jodster

Always wrong
Silver Miner
Survivor
Joined
Apr 4, 2010
Messages
1,716
Reaction score
2,097
For those of you who have an interest in REE's and strategic metals, REMX looks to be shitting the bed in early morning trading.
Dropping close to the 200DMA and might be worth a stinky bid.
Screen Shot 2021-12-20 at 10.23.36 AM.png

EDIT: My $102.50 got filled immediately at opening. There's deals to be had!
 
Last edited:

Jodster

Always wrong
Silver Miner
Survivor
Joined
Apr 4, 2010
Messages
1,716
Reaction score
2,097
Ironically, the only thing keeping me solvent are the volatility indexes. VXX is at a multi-year bottom. Omicron and Brandon are not doing the traditional investor any favors, but It's great for buying the FUD.
Screen Shot 2021-12-20 at 10.35.08 AM.png

Screen Shot 2021-12-20 at 10.54.15 AM.png
 
Last edited:

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
UEX the cobalt play? cobalt up to 70 stock looks near a bottom.
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
Hey Joe.

 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
I know what you're thinking. Couldn't date her my pecker would look small. :show love:


FHCNfyrXsAEL0Je.jpg
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
Rally or heartache for the bugs?
 

Jodster

Always wrong
Silver Miner
Survivor
Joined
Apr 4, 2010
Messages
1,716
Reaction score
2,097
She
I know what you're thinking. Couldn't date her my pecker would look small. :show love:


View attachment 237756
looks like she could keep the aquarium pretty clean.
As for the markets, sideways crawl for the next few months in uranium. Metals will slowly creep up. Nothing significant to give my portfolio the 30% I need to recover. :p
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
Grady likes Silver. Might have to rethink this. jk

FHIpU_lX0AQotPv.jpg
download (7).jpg
 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
One out of three ain't bad.


 

Lancers32

Credit No Cash
Site Supporter
Platinum Bling
Joined
May 10, 2020
Messages
4,300
Reaction score
5,692
Location
NC
Read my lips. I shit my pants.


 

jelly

Silver Miner
Seeker
Joined
Dec 6, 2010
Messages
1,394
Reaction score
1,656
Keep an eye on gold in Australian dollar terms, it's showing the way.
Consolidating, poising for the next move higher. Setting up for a nice January.
xauaud.png