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The Lunatic Fringe - Trading talk.

Jodster

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If you have the stomach for it and have the discipline to use stops today might just be a time to buy a little.
Don't bother Lancers. I bought more today; guaranteed further drops.
Question is, rebound tomorrow or . . .
its-the-big-one.jpg
 

Lancers32

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Nothing goes straight down forever though some markets have declined as many as 20 days in a row. This doesn't look too good if we don't hold 29K.


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jelly

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We better get some 10-15% up-days in the silver miners to make up for this crap, and soon.

First majestic heading to $5?
 

Voodoo

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This the season for shorting I suppose

RCL is my saving grace. Well saving my sanity. I've lost a lot before and just about to that puking time. So more more goes in. We will see.
 

Voodoo

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We better get some 10-15% up-days in the silver miners to make up for this crap, and soon.

First majestic heading to $5?

That makes no sense, silver prices have hardly moved. But that is the "market".
 

Jodster

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That makes no sense, silver prices have hardly moved. But that is the "market".
Shennanigans. Someone is unwinding MASSIVE shorts. Why does Goldman Sucks ring a bell for me?
I expected them to do this just before they let the metal prices run free.
First suppress and short.
Then unwind and unleash?
 

Voodoo

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Shennanigans. Someone is unwinding MASSIVE shorts. Why does Goldman Sucks ring a bell for me?
I expected them to do this just before they let the metal prices run free.
First suppress and short.
Then unwind and unleash?

Not massive shorts... that would make prices go up. There are massive Liquidations and margin possibly disappearing though, that is deflationary.

I did buy some Silver on Friday. It looked like a decent amount available through apmex. They had a lot to choose from even 1 oz rounds, bars, etc. Sale tags on many things and a bunch of 100 oz bars.

Today, things are looking different. No sale tags. And more out of stock things. My local LCS was also closed Thurs-Fri morning but I don't know if that's typical.
 

jelly

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The only potential positive sign is that bonds may have put in a reversal today.
 

Voodoo

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The only potential positive sign is that bonds may have put in a reversal today.

Not a great sign yet IMO. We need to break the psychology of bonds being the "Safe Haven". BONDS are the real POS, no good trash, bankrupt, piles of dung. Once people finally figure that out then we enter hyper-inflation.
 

Lancers32

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You lived through 2020 you'll live through this.
 

Voodoo

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You lived through 2020 you'll live through this.

And the .com bubble and 2008. Been there done that but on a much smaller scale cause I was a poor college student during the .com bubble.
 

Lancers32

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All I've been hearing from the pundits for the last 18 months is that we are going to have one last great buying opportunity in this great pm bull market. Hope everyone has cash to take advantage of that.
 

plata_oro

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All I've been hearing from the pundits for the last 18 months is that we are going to have one last great buying opportunity in this great pm bull market. Hope everyone has cash to take advantage of that.
That's why it's worth waiting until the inflation numbers are released Wednesday. If they are "lower" than last month the peak inflation narrative is proven right. Expect kneejerk reactions in any direction with the PM's. But stocks will have a short lived rally.

Consumer spending will still be in the toilet and consumer debt is only going to pile up higher. The wealthy will be left with the decision of fiat losing it's purchasing power, bonds yielding a negative real interest rate or gold. Also fiat in a bank account is just itchin' to be taken from by the establishment whether it's bonds or cash. If you don't hold it, you don't own it.
 

Jodster

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Down $20k this week. If I get out of this one in the green, I'm gonna sell EVERYTHING and stay in cash until the BIG ONE! :p
 

Jodster

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The April 2020 Covid Lockdown crash retraced SILJ by 60% in a classic Elliott Wave "ABC" pattern.
Some grey-hair at the fed said there's inflation, and SILJ retraces 40% in a classic Elliot Wave "ABC" pattern.

The subsequent run in SILJ was @250%. An equivalent run would put SILJ well north of $35.

silj.png
 

Jodster

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Shennanigans. Someone is unwinding MASSIVE shorts. Why does Goldman Sucks ring a bell for me?
I expected them to do this just before they let the metal prices run free.
First suppress and short.
Then unwind and unleash?
VooDoo, might be worth watching...
 

dpong

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[Proper risk management via...] Position Sizing wins again.

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jelly

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Gold's "breakout" is so far still intact. I would love to see it tag the 200-DMA at 1835, then start a nice rally. Below the 1835-1825 area, and we've got some problems.
I would like to see a reversal candlestick in GDX/GDXJ to mark the low, but we don't always get one.
Still holding some puts for protection, but the juniors are getting pummeled today.

In other notes, the USD has stalled at just below 104, but it hasn't reversed lower yet. Still waiting for a sign...

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dpong

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dpong

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dpong

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dpong

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Voodoo

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VooDoo, might be worth watching...

Not just gold and silver. The entire Naked Shorting Stock Market scheme is unraveling. 100 Trillion stolen over ... last few decades.
 

dpong

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Lancers32

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Lancers32

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And DONE!
Well you have a round number in play (20) and the area of the breakout around $19 but we could turn from anywhere really. Is the market structure broken yet?


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dpong

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Liquidity "crisis?" If not yet, but this continues, then it will be.
 

dpong

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Baby == Bathwater.
 

Lancers32

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There you go again.

 

Lancers32

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Any interest in UEC? Just a couple of cents below 50% of the highest selling price $6.60 closed a bit above. If this area does not hold I expect the mid 2's. No guts no glory.
Rick Rule thinks we are in the 6th inning maybe the game got rained out. Probably low enough to start a position. Could go south in a hurry from here but I would rather pay sub 4 than over 6. Just me.
 

dpong

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dpong

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Support at 18.90, maybe.

[Resistance at $240.]

SILVER_2022-05-10_17-04-48.png
 

Voodoo

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dpong

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Of course Mr. Gold taught us that support works by pretending to fail. So this could be it, too. The bottom.
 

dpong

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My stop loss was not a buy signal after all.

[Feels like it at the time.]

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