The Lunatic Fringe - Trading talk.
- Thread starter Zed
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Sometimes I can't tell if you're trying to be funny, or if you're that ignorantWhat bloodbath is this guy talking about?
Gold Update Any Day Now | Gold Eagle
A look at the current bloodbath in gold on day 6 and as they normally last 5-7 days we may be near the bottom.www.gold-eagle.com
Been buying all the way down so I guess that makes me ignorant. Really? I have to laugh at some of the jokers that are followed in the pm space. That was a joke Jelly.
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About as easy to read as this market.
Metals are getting slammed today but I don't see it in the physical markets. A couple deals but you can't find anything under $20 and pretty similar to yesterday. I did see some nice deals on Valcombi Kg's but still $21+ / oz. I might look to sell some covered calls on Gamestop around or after the ex-dividend date.
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Maybe a half lb of flour, a couple of eggs & some butter.
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You win the internet.
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You gotta add more context to your posts. Half the time we don’t know what the hell you’re saying, or if you’re just trying to be funny. Gotta learn how to use the Internet
More context? OK how about 100% cash and when something doesn't do what it is supposed to do run. Simple enuf for ya? Why would a post trigger you so? Lemme guess.
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From what I am hearing the fed needs to kill inflation. Thats the goal. High inflation numbers gonna make him go higher. Markets and metals go lower and dollar continues its climb up to 1.20.
Government solution, print more money which leads to more inflation. Just because Gov comes out and says inflation isn't caused by Gov spending doesn't mean it's true. The only way to stop it is for Powell to raise rates until they cant spend anymore and they need a trillion or more just to service the debt.
I hear so many talking about the fed reversal is right around the corner. Maybe it is but maybe right around the corner means 3 or 4 quarters from now or more. Recessions always kill inflation as well. A good old fashioned recession is exactly what is needed right bout now.
Government solution, print more money which leads to more inflation. Just because Gov comes out and says inflation isn't caused by Gov spending doesn't mean it's true. The only way to stop it is for Powell to raise rates until they cant spend anymore and they need a trillion or more just to service the debt.
I hear so many talking about the fed reversal is right around the corner. Maybe it is but maybe right around the corner means 3 or 4 quarters from now or more. Recessions always kill inflation as well. A good old fashioned recession is exactly what is needed right bout now.
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Cabal is going to push silver down to $13 and gold down to $1260. it's the only way they can unwind the fuckfest they're presently in.
I took some flak but I'm still flying. Need to close more positions.
I took some flak but I'm still flying. Need to close more positions.
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Thats interesting. Thats my DCA on both metals.
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The Cabal still has enough paper to drive them down to whatever number they want. They could literally take it negative, like oil was many years ago.
Paper to physical leverage on silver is something like 390:1 as per the US debt clock.
This erosion of spot will be the mother of all capitulations. The numbers above will be reached in a quick and fierce manner, anything slow will garner too much attention, so it must be blamed on some sort of a force majeure.
When the above numbers are achieved, the Morgue and Citi will go balls deep in PHYSICAL. Their long:short contracts are almost 50:50% so this is not a good time.
Until then, we sit in cash as some of the crustier members here have recommended.
I thought there would be one last rally before the imminent Depression, but I was wrong, unless they're saving that "rally" for the mid-terms to bolster Biden.
I have now set my DCA levels starting at April 2020 levels for most potential stocks. If those levels are never reached then I can invest in the flavor of the day. If they ARE reached then we will have a solid floor to DCA from:
Doubt we see those levels.
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I hope you're right bruh, but The more I'm sure, the less certain I am.
This common talk but it's completely wrong. It may help control monetary inflation being spurred by FED or banks printing money but that will not work this time. At some point the market figures this out and commodities explode and then we have a real monetary crisis.
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Radio was just talking about 1% not the 3/4% increase. He might as well rip the bandaid off and just go 5% all at once & be done with it. Let the chips fall. They put themselves into this position decades ago.......... unless that was part of the plan.
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Still trying to think like a Rothschild. I'll take the sloppy seconds AFTER the market crash. Millionaires were made during the Great Depression and Weimar.
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Market manipulation and money printing are the two juggernauts we’re dealing with.
The USD is the safe play now.
Physical gold and silver will be the next safe play.
Miner stocks will be the safe play after that.
What nobody knows is when to migrate from one to the next.
The USD is the safe play now.
Physical gold and silver will be the next safe play.
Miner stocks will be the safe play after that.
What nobody knows is when to migrate from one to the next.
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Does Buffett still hold the miners he bought a couple of years back?
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When the trend changes.
Big day for silver I think. We've tested well under that major support line on the Weekly chart. So I'd really like to see a good bounce today to Not close under the support. Need to get back to $18.80 at least IMO.
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I haven't bought in a while, is physical reflecting spot or has the chasm widened?
Its kinda dropped with the spot price but physical seemed to do nothing on the spot drop the last two days. Still available but under 22 has been rare.
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On top of that the daily RSI is still deeply oversold.
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So maybe 1 oz shiney will buy it soon....
This is the best deal on the couple sites I found.... Nice bars I might buy some if I hadn't already. They also have good prices on the Germania mint ones.
sdbullion.com
1 Kilo Valcambi Silver Bar
Purchase 1 Kilo Valcambi Silver Bars at SDBullion.com. Free shipping on orders more than $199! All orders are insured by SD Bullion.
sdbullion.com
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See guys THIS is how you trade........ you make the market.
Oh, look: Nancy Pelosi is pushing legislation that stands to benefit her significantly thanks to a couple of brand new, multi-million dollar trades she has made.
This past week it hit the terminal that House Speaker Pelosi was doing a little portfolio re-jiggering, including exercising $8 million of call options in Nvidia and selling Apple and Visa calls. The data was per CongressTrading.com.
The Nvidia LEAPS were bought June 3, 2021 with $100 strikes, set to expire June 17, 2022 and the position appeared to be disclosed on Thursday morning for the first time. $8 million trades seem a little odd for members of Congress to begin with, but who are we to judge?
But then, what did Speaker Pelosi do just hours after disclosing the trade, on Friday? She threw her weight behind a stalled $50 billion CHIPS PLUS bill that "would provide $52 billion in funding for semiconductor manufacturing grants and investment tax credits for the chip industry," according to RollCall.com.
Timeline of events: 7/23/21 - Buys $NVDA LEAPS 3/28/22 - $52B CHIP act initially passes but stalls out 6/17/22 - Pelosi buys $5M worth of $NVDA stock 7/14/22 - Pelosi comes out saying the bill needs to get passed ASAP Nancy Pelosi Stock Tracker (@PelosiTracker_) July 15, 2022
Pelosi said last week: “We had been working constantly on the chips bill. And we need to have the transformative nature of research and education and the rest to make us continue to be preeminent in the world,” the California Democrat said at her weekly news conference. "How it shapes up in the next short period of time, we’ll see. But we are determined that we will pass a bill.”
"Democrats are 'more interested in' a chips-plus bill than a chips-only measure," Pelosi added, according to the Roll Call report.
Let us guess: the unrealized gains tax won't be supported by Pelosi until she cashes out of the market altogether, either.
Oh, look: Nancy Pelosi is pushing legislation that stands to benefit her significantly thanks to a couple of brand new, multi-million dollar trades she has made.
This past week it hit the terminal that House Speaker Pelosi was doing a little portfolio re-jiggering, including exercising $8 million of call options in Nvidia and selling Apple and Visa calls. The data was per CongressTrading.com.
The Nvidia LEAPS were bought June 3, 2021 with $100 strikes, set to expire June 17, 2022 and the position appeared to be disclosed on Thursday morning for the first time. $8 million trades seem a little odd for members of Congress to begin with, but who are we to judge?
But then, what did Speaker Pelosi do just hours after disclosing the trade, on Friday? She threw her weight behind a stalled $50 billion CHIPS PLUS bill that "would provide $52 billion in funding for semiconductor manufacturing grants and investment tax credits for the chip industry," according to RollCall.com.
Timeline of events: 7/23/21 - Buys $NVDA LEAPS 3/28/22 - $52B CHIP act initially passes but stalls out 6/17/22 - Pelosi buys $5M worth of $NVDA stock 7/14/22 - Pelosi comes out saying the bill needs to get passed ASAP Nancy Pelosi Stock Tracker (@PelosiTracker_) July 15, 2022
Pelosi said last week: “We had been working constantly on the chips bill. And we need to have the transformative nature of research and education and the rest to make us continue to be preeminent in the world,” the California Democrat said at her weekly news conference. "How it shapes up in the next short period of time, we’ll see. But we are determined that we will pass a bill.”
"Democrats are 'more interested in' a chips-plus bill than a chips-only measure," Pelosi added, according to the Roll Call report.
Let us guess: the unrealized gains tax won't be supported by Pelosi until she cashes out of the market altogether, either.
This is a really good interview with Andrew Maguire. I think I only understand like 25% of what he talks about. Basically says the markets are in backwardation and really being driven by the Indian Gold for Oil traders. We are getting close to the Comex/LBMA system breaking. He states that Comex Silver market broke Wed July 6.
Does anyone know what he is talking about as the FOREX gold market?
The Day The Silver Market Broke
In this week’s Live from the Vault, Andrew Maguire inspects the fractures on COMEX’s price-setting mechanism, revealing the gaping divergence between the paper and physical silver markets. The lifelon
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