The Lunatic Fringe - Trading talk.

[Zed]

The ASX gold tribe where down big yesterday and today they are a mixed bag of slightly up and down. FWIW this crowd think that the worst has past for now.

 

[Zed]

At the moment 1795 looks like it has a good chance of holding.

Yep well, next level down! Consolidate here? 5 red candles @ least buys a break.

 

[Lancers32]

Yep well, next level down! Consolidate here?

View attachment 214656

1765 nice call.

 

[Zed]

Another GDX. Maybe 34.50?


View attachment 214469

Mid to low 34's should be the limit of it I would say.

 

[Zed]

This shit...

https://twitter.com/i/web/status/1405693668443529223

... hawks... LOL.

 

[Goldhedge]

Science is killing itself for politics, these guys will live to regret this...

Trust the science I ALWAYS say...

 

[Goldhedge]

This shit...

https://twitter.com/i/web/status/1405693668443529223

... hawks... LOL.

It's getting to where the FED will own the whole nation... oh wait....

 

[Zed]

Trust the science I ALWAYS say...

You have to find it first!

 

[Zed]

The retired Mr Rule is doing the rounds and speaking more freely these days sans fund responsibilities.

 

[Zed]

At some point prices need to go up or it just isn't a bull market ya know?


View attachment 214475

Weekly Charts are better IMO given the push and shove in the PM market. Much harder to fake out on the weekly. Trends drawing closing numbers. We could tag 1743 before this week is done.

 

[Zed]

RV talking points...

DID THE MARKET OVERREACT? MAKING SENSE OF THE FED’S NON-MOVE — LIVE WITH GEORGE GONCALVES​

Live · Featuring George Goncalves and Max Wiethe​

June 18 at 2:00AM

The bond market has finally started to show signs of life after many sleepy months, and with concerns around inflation and questions about growth, investors are finally starting to pay attention to arguably the most important market in the world. George Goncalves, head of US Macro Strategy at MUFG America, returns to Real Vision for the first time in his new role to update viewers on the global bond market and to help make sense of the policy decisions and statements from the prior day's Fed press conference.


It's a nothing burger...

 

[JayDubya]

This shit...

https://twitter.com/i/web/status/1405693668443529223

... hawks... LOL.

I'm old enough to remember when a million dollars was considered a lot of money.
Now we talk of billions, and even trillions, and people don't even blink.

 

[Zed]

I'm old enough to remember when a million dollars was considered a lot of money.
Now we talk of billions, and even trillions, and people don't even blink.

Fixer upper house around here is worth ~ 1M.

 

[Jodster]

Fixer upper house around here is worth ~ 1M.

That’s fitting, because you need to be a fucking millionaire to buy a sheet of plywood.

 

[Zed]

Slightly dated, I missed that this was posted on YouTube...

 

[jelly]

I’m glad to see this bash. Still hoping the metals move sideways for a few more months to give me time to fully position in miners before the big move. One can only hope

 

[Zed]

https://twitter.com/i/web/status/1405547084841947136

 

[Zed]

 

[Zed]

https://twitter.com/i/web/status/1405552569544548354

... or?

 

[Lancers32]

Interesting.

 

[Lancers32]

Never the brightest bulb on the tree. A long time thief and a liar. Watch the Clarence Thomas interview on YouTube to see what a schmuck this a$$clown is. Just two years old you can clearly see how quickly the dementia has gotten worse.

 

[Lancers32]

 

[Lancers32]

I vaguely remember being there.

 

[Lancers32]

Second chance to buy yesterday's lows. Up in the air about it really.

 

[Lancers32]

GDX up against the early May lows under $34.50.

 

[perry]

this is Fed manipulation at its finest.

 

[Lancers32]

this is Fed manipulation at its finest.

OK. If you knew the casino was playing with a stacked deck would you play against them?

 

[Lancers32]

Major reversals going out on the lows of the week. Not good. Could get very ugly from here.

 

[Tbonz]

OK. If you knew the casino was playing with a stacked deck would you play against them?

Lancers, you've been playing the game for much longer than I have, from the information you've shared you've figured out how the game is played.

When I look at an investment, I want to have as much information, charts, technicals, etc. the first thing I look at is where is the MOST money to be made in this trade, and then the easiest.

The market is rigged, you just have to figure out which side the house is on and you will be more successful than not.

 

[Lancers32]

You can most likely make much more money playing the juniors than with something like SILJ but at this point I would rather avoid single stock risk. Unless Silver does a deep dive back towards $23.50 the risk/reward would favor buying extreme weakness next week. I don't think the daily bottom around Friday's close in SILJ holds but there is some support at $15.00 for starters. Big gap above $16.30. Gold might want $1700-$1725 so be careful.

$14.54 is the halfway SILJ $18.84-$10.24.

 

[Lancers32]

WTF is up with the speech impediment? The baw da?

 

[Lancers32]

BTC slightly higher bottom 34.8K. I wonder if a further rally in the DX kills it. Dollar looks a bit overbought yeah?

 

[Jodster]

You can most likely make much more money playing the juniors than with something like SILJ but at this point I would rather avoid single stock risk. Unless Silver does a deep dive back towards $23.50 the risk/reward would favor buying extreme weakness next week. I don't think the daily bottom around Friday's close in SILJ holds but there is some support at $15.00 for starters. Big gap above $16.30. Gold might want $1700-$1725 so be careful.

$14.54 is the halfway SILJ $18.84-$10.24.



View attachment 214835View attachment 214836

Ironically I’m looking at picking up more SILJ. Just a wild ass guess but you think it will dive to $14.50?
I had $15.25 as my option.

 

[Lancers32]

I would bid $14.50 and watch for a spike low early Monday if we do open lower. Anyone's guess here really. Last couple of days it has not paid to follow early strength.

 

[jelly]

S&P isn't looking so good. Negative divergence in the MACD and RSI.
Close below the 50-DMA on increasing volume.
Potentially a sign for a reversal here with more downside to come.
Unless they keep making it go up, of course.

 

[Oldmansmith]

The buy the dip crowd should show up monday morning. It has been working forever. One day it won't.

 

[Lancers32]

These jagbags find this $hit funny.

 

[Zed]

https://twitter.com/i/web/status/1406317210616926210

 

[Zed]

BTC is currently nudging the top of its range harder than the bottom. If it breaks lower it will be spectacular but the short term bias appears to have shifted higher.

 

[Lancers32]

Range bound until it isn't.