The Lunatic Fringe - Trading talk.

[Lancers32]

GDX. Steve Penny chart. Not like buying at 31 but a damn sight better than 40.

 

[Lancers32]

So they get Bitcoin down to 38.1K on the NY close yesterday now a bit over 39K. Going to get interesting now. Odds favor move towards 50K long tight stop the way to go.

 

[Lancers32]

Another GDX. Maybe 34.50?

 

[Lancers32]

Buy Gold fiat is dead.

 

[Lancers32]

When the market structure isn't broke but you are...

 

[Lancers32]

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

 

[Lancers32]

 

[Lancers32]

Another fine mess. Thank God the Silver options don't die for 18 months.

 

[savvydon]

Opened up a few July calls in GDX and SLV a little out of the money. RSI is getting down there. We will see how this works out.

 

[Lancers32]

yeah. Last bottom in SILJ 15.40 now around 15.80 good for at least an oversold bounce. Sentiment and volume look extreme.

 

[savvydon]

yeah. Last bottom in SILJ 15.40 now around 15.80 good for at least an oversold bounce. Sentiment and volume look extreme.

Bring it. Hit a limit order on some just out of the money Jan '22 GDX and SLV. If I'm going down, I'm going down hard.

 

[Jodster]

 

[Lancers32]

I would be surprised but you need to keep an open mind always. Peter Brandt is a pretty good trader. To paraphrase it looks as if the bear trap has been set maybe we retest 103 DX.

 

[Zed]

Yep, well. I think they are in trouble with silver. The wounded dog is cornered so beware... the damn thing is going to die sooner or later but just make sure you don't go before it.

 

[Zed]

Maybe, just maybe they want to see a depression... don't forget that the UK went into the last one as a weakened superpower and the USA came out as the new world leader. China is betting that they will survive any down turn better than the USA. JMO etc...

https://twitter.com/i/web/status/1405312263481868288

 

[Zed]

The general WSS sentiment...

https://www.reddit.com/r/Wallstreetsilver/comments/o20pqz

 

[Zed]

Hardly going viral but chugging along... WSS numbers

Makes you wonder what it will be like if they hit WSB levels...

 

[Zed]

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

Scientists Admit Lab-Leak Hypothesis Was Valid Last Year - But Kept Quiet Because Of Trump | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[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]