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The Lunatic Fringe - Trading talk.

jelly

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So many good deals in the junior miners right now, I'm starting to run low on funds.
 

Jodster

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Au-myn

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Slippin' away...


$.png
 

Voodoo

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Uglytruth

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Hmmmmmm.... someone tell me how many synthetic ounces of Au and Ag that translates into creating?
100B........ that's nothing......... if they pass those trillion dollar bbb plans forget it.

I was thinking today. Inflation is all we are hearing. Is it a way to force E V I L employers to pay more, and raise prices, and lower the corp profits all in one.

The other side is who "wins" by higher wages? Big Govt. Who wins by higher prices? Big Govt. Who wins by lower corp profits? Big Govt lap dog businesses.
 

Lancers32

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The pols are just stealing the money they could give a rip about the price of Gold and Silver.

In Beantown no egg roll for you.


 

Lancers32

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What a $hitshow. It depends upon what you ask. Transparent and united. Under a thief and a God damn liar.


 

Lancers32

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So now the dumbest kid in the class is giving advice.


FHVJLyXXoAILIH5.jpg
 

Lancers32

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So down here in North Carolina this has been big news of late. Quite a few shootings in the Southpoint Mall which is in a decent area of Durham. I was surprised to see who the perps were. I thought they might be white honors students but no. :hang: :secret:


 

Lancers32

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Oliver.


 

Lancers32

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So down here in North Carolina this has been big news of late. Quite a few shootings in the Southpoint Mall which is in a decent area of Durham. I was surprised to see who the perps were. I thought they might be white honors students but no. :hang: :secret:



 

jelly

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I don't know when Novo resources will ever become the gigantic gold producer everyone thought it would, or if it ever will. But it's a hell of a lot cheaper than it was 4 years ago.
 

Lancers32

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MAG got considerably cheaper today.
 

Lancers32

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Resist the sniff.


 

Lancers32

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jelly

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Looking like metals and miners have put in a short term high. We'll see how they react from here. A small pullback would be expected, but if it turns in to more, watch out below!
 

Lancers32

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Lancers32

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Does your portfolio remind you of a Steinfeld episode?
 

Lancers32

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Looking like metals and miners have put in a short term high. We'll see how they react from here. A small pullback would be expected, but if it turns in to more, watch out below!
Praying for a very big down day.
 

Lancers32

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Lancers32

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The Ted Butler Award or is it the Michael Oliver award?


 

Lancers32

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If you look at MAG there is strong support around $14. If we lose that level I would be concerned if I owned a lot. The best time to buy If you like buying low is when it is hardest to do.
 

jelly

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I've been using gold in Aussie dollars as the metric for gold recently. Taking a look, this pullback today brought us down to support. This pullback was larger than I expected it to be, so even though it's still above support, I'm less bullish than I was previously. It wouldn't take much to break support.

On the bulls side: Volume has been declining over the past few weeks while it has been consolidating. A good sign that it is a bullish consolidation. Now we just watch for the break.
xauaud.png
 

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Do you suppose the shorts have been unwinding the past couple of weeks/months? Almost time for the Goldman Sachs to drive down prices for their re-entry.
 

Lancers32

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Don't know about the miners short positions being unwound seems more like tax loss selling than anything. As far as the Uranium stocks go it seems URNM has been selling to pay the year end dividend.
 

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Lancers32

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Looks like it will get ugly before much upside now.
 

jelly

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Still watching gold in australian dollars. We need to rally here, otherwise risk a steep drop.
Price touching support and the 50-DMA now.
The longer it lingers on support, the less I trust it. If it fails, we might get a $50 drop overnight.
xauaud.png
 

jelly

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Gold in Aussie dollars - still contained in the consolidation pattern. The good news is we did get a bounce yesterday instead of dropping below support.
Looks like the new year will give us direction for the medium term. The result of this pattern should give us direction for the next 2 months: more downside to this never-ending correction off the Aug 2020 high, or the rally we've been waiting for.
xauaud.png
 

Voodoo

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Does anyone know much about this ETF. I just ran across a Sprott junior miner ETF, SGDJ. Anyone own it and have some thoughts? I have to say I don't have any of those miners so this might be a good add for myself.
 

Jodster

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Does anyone know much about this ETF. I just ran across a Sprott junior miner ETF, SGDJ. Anyone own it and have some thoughts? I have to say I don't have any of those miners so this might be a good add for myself.
I’ve traded into and out of some Sprott. SPPP, PSLV and SGDJ. Their prospectus and managers are top notch.
My opinion is that they are good funds but are long plays.
if you prefer to day trade or swap portfolio in a manner of days or weeks, they are not for you.
If you wanna buy in and come back in 2025 to see what’s shaking, it might be a good option for a hands-off investment. JMHO