The Lunatic Fringe - Market and Trade Chat

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These guys are going to have to do exploding heads on videos soon! They are leaving no headroom to move here!

 
Voodoo said:
He smells like a plant now to me. Where did he get/develop those trading systems? He comes out with a very anti PM video at least once every 2 weeks.

And he did note the Strong correlation between GDX and Silver. I had noted this quite some time ago. But he tries to say that GDX is going to cause silver to plummet. Lol, sure buddy. It's the other way around. They've pegged GDX to silver because silver was far easier and more manipulated.
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He has called 15 of the last 4 tops in Gold. So take it FWIW
 
When I listen to these videos it make me shake my head and wonder WTF happened? Have we really just sold our souls for some paper shackles that continue to lose value year after year? What do we do all of this for? Between welfare and the defense industry eating up about 2/3rds of US taxes stolen from taxpayers, and the last 3rd going to pork programs for politicians to buy votes and or line their own pockets. Were we not better off in the 1800's before all this technology?
Last Carrington event was like 1859 I think. We get one every 150-200 years. 1859 is 164 years ago. We are due.
 
Community service announcement!

There is an election coming. Please stock up on toilet paper ahead of time!
 
Something I realized today. You could have bought almost ANY other sector than the precious metals at the 2020 lows, and done better than the precious metals. Such a pathetic place to be
 
jelly said:
Something I realized today. You could have bought almost ANY other sector than the precious metals at the 2020 lows, and done better than the precious metals. Such a pathetic place to be
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You would have done well but had to sell 6 months later.

Remember ALL of this POOR performance means that they are even MOAR undervalued now.
 
jelly said:
Something I realized today. You could have bought almost ANY other sector than the precious metals at the 2020 lows, and done better than the precious metals. Such a pathetic place to be
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You had to sell the rally...
 
I'm traveling Thursday but would be very interested in hearing what he has to say.
 
JayDubya said:
... very interested in hearing what he has to say.
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Viking said:
... 612% by 2026?
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giphy.webp
 
...
Wednesday, the U.S. Labor Department said its much-anticipated Consumer Price Index rose 0.6% last month, following a 0.2% rise in June. The data was in line with expectations.

However, the report said that inflation in the last 12 months rose 3.7%, up from July's increase of 3.2%. According to consensus forecasts, economists expected inflation to rise 3.6% for the year.

At the same time, the report said that higher consumer prices continue to be embedded in the broader economy as core CPI, which strips out volatile food and energy prices, rose 0.3% last month. Economists were expecting to see a 0.2% increase.
...
"This latest US CPI data is unlikely to move the needle on the Fed's highly anticipated move to hold rates steady at their meeting next week – which has already been priced-in by financial markets," said Nigel Green of deVere Group in a note to clients. "But the uptick in inflation gives the U.S. central bank extra reason to be hawkish moving forward. As such, we also expect the Fed will start to prepare the market for a rate increase at its November meeting."
...
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www.kitco.com

Gold prices remain near session lows as U.S. CPI rises 3.7% in the last 12 months

(Kitco News) - Gold prices are trading near session lows but are not seeing significant selling pressure even as the Federal Reserve continues to fight an uphill battle against inflation after consumer prices rose more than expected last month.
www.kitco.com
 
JayDubya said:
I'm traveling Thursday but would be very interested in hearing what he has to say.
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It is going to be pre-recorded so I imagine you will be able to watch the presentation later.

I used to subscribe to the guy (twice) and I find his work intriguing.

However, during the times when I was subscribed, he just could not get a break. When the heat was on he could become indecisive and/or just seem to lose his nerve. At least, let me say when I was subscribed he was unlucky.
 
Alternative Health taking a hit from YouTube's algo... pandemic prep? or Google SNAFU.

 
Oil looks like a solid uptrend for now.

CL1!_2023-09-14_11-45-32.png

Rising oil, when things are tight, is a defacto rate rise.
 
US10Y - Rolling over, lower high... next is? Higher low for consolidation, lower low for trend reversal? Correction to the 200DMA? Keep an eye on this one.

US10Y_2023-09-14_11-48-41.png
 
Miners acting like the bottom is in for metals prices. Spot headed south but miners are going north. Seems out of sync.
 
Inflation numbers came in hot. Metals are suffering as markets expect the Fed will have to continue raising rates in the short term.
 
pmbug said:
Inflation numbers came in hot. Metals are suffering as markets expect the Fed will have to continue raising rates in the short term.
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With higher inflation I would think it makes it more expensive to extract the metals which should put pressure on the share prices.
 
Cigarlover said:
With higher inflation I would think it makes it more expensive to extract the metals which should put pressure on the share prices.
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I've never done any deep dive analysis on the mining industry, but I have read a lot of stuff that @SRSrocco has posted over the years about EROI. I'd have to think that OPEC cutting production and pushing oil prices higher is going to raise operating costs for the miners.
 
Screen Shot 2023-09-14 at 1.21.08 PM.pngSeems like the dollar has to make a decision here soon. Either turn lower at this resistance level or blow through this level and head up to previous highs.
 
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