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Charts from the Lunatic Fringe.

Zed

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GSR Monthly --> The party isn't on until this breaks down. 83 looks like the support level. Assuming that the other prognostications are correct we might see GSR @ 83 around the next short term high. If POG is around 1600 that implies POS around 19 odd. Then, after a correction, if we do pop to challenge the old high on the last part of this impulse wave then we should see the GSR break down below 83. I would call that a meaningful break. GSR would likely end up bouncing off the bottom of the BB's at that point... then the ABC correction comes into play and this will likely carve out a topping pattern of some sort.

JMO DYODD etc...


GSR-M-20190818-1.png
 

Zed

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GSR Monthly P&F --> Here you see just how key 83 is. Ignore the trendlies, they are from the candle chart, I just flicked to P&F for the screen grab.

GSR-M-20190818-2.png
 

Goldhedge

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Silver’s Call Options Count Keeps Climbing

October’s Call tally now stands at 16,487, giving us a gain of 2,145 more Long Calls in a weeks’ time with November adding 1,434 more Calls making its total 6,285 with December adding 3,666 more Calls totaling 85,506. The combined totals give us an additional 8,619 more purchased Calls acquired these past 5 trading days. Again, this may mean nothing but 2+ years of wasted time trying to gauge what we all see as a criminal element on the verge of getting its ass handed to them. We believe this may be their attempt at trying to get out of its soon to be crushed short position. We now have a total Call Option count at 135,502 Long Calls held verses the total Open Interest in Silver. If a large portion of these options are to be used to help exit short positions, then someone is really preparing for a crack up boom!