The Lunatic Fringe - Market and Trade Chat

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We are not in normal times. And forgive us if no one has ever heard of a ZBT. Anyway, seems like no one noticed that Silver had a really nice day Friday. Let's see if that carries through next week. Soon to be hitting the really important resistance levels, again.

 
Marty Zweig? Never heard of him? Look it up the world existed before we were all born. Hunt or Zweig. Hmm. I'll take Zweig thanks. He was a fixture on Wall Street Week. Ever hear the expression don't fight the Fed? That was Zweig.
 
It's certainly possible that stocks don't really go down much. All depends if the FED just prints to save the system. Things will fly but Gold and Silver would lead. they would also outperform relative to the overpriced/held up tech stocks.
 
It's certainly possible that stocks don't really go down much. All depends if the FED just prints to save the system. Things will fly but Gold and Silver would lead. they would also outperform relative to the overpriced/held up tech stocks.
As this Von Mises bloke once said, it’s the crack-up boom. Apparently he knew something about economics.
https://www.investopedia.com/terms/c/crackup-boom.asp
 
...
In a note published Sunday, commodity analysts at Goldman Sachs said they expect higher gold prices through 2024. In the report titled "Gold's shine is returning,' the analysts raised their 12-month price target to $2,050 an ounce.
...


These guys are supposed to be really smart and they think gold is only going to go up about $40 over the whole of 2024? Who are they kidding?
 
My memory of Mises' teachings is that the crack up boom precedes the deflationary bust, not the other way around.

So says Mises, anyway.
 
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My memory of Mises' teachings is that the crack up boom precedes the deflationary bust, not the other way around.

So says Mises, anyway.
Hmm... Not according to this:

[I'll sit the next round out.]
 

Anyone who thinks they are giving out a forecast they actually believe to be truthful.
 
If we were any other country other than the European Union than yes all of this money printing would lead to hyper inflation. Because the US is the worlds reserve currency that won't happen though. Not unless the reserve currency switches to another currency and right now there is no other game in town.
As it stands right now we just export our inflation to other countries which is why other countries want out but for them there is no other choice. China is already hurting. Does anyone really think they are going to stop doing business with their largest trading partner (The US)?
We do have inflation and as long as the fed reserve is around that will always be the case. The only way we can get hyperinflation going forward is through a money printing so massive that ends up in the hands of ordinary Americans or if we were to get cut off from the goods from the rest of the world.
 
That’s what the milkshake straw guy says in Post #5568
 
The fxhedgers article has also been posted here:


and here:


~~~


More:

https://www.msn.com/en-us/money/mar...ar-warn-these-bearish-strategists/ar-AA1kEUbz

Direct link to BCA Research report:

 
GDX is severely underperforming... I'll leave you to come up with the why.

GLD first line is about 188.25 and coming up fast.
View attachment 10874

Approx 30-40% undervalued to where GLD is right now.

View attachment 10876

Don't look now but Gold is testing that first Major resistance line right now. And that slow step brother GDX is also over $30
 
This looks good. GDX busting through $30 and should head straight to $35. Gamestop just happens to be waking up too. If we closed the week here it looks like the highest close since 2020.

The highest GLD resistance on that previous chart was ~$190.98. I had to go look it up.
 
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Maybe Goldman Sach's guy meant $2,050 was a 1 month outlook and fat fingered that 2 after the one. It's looking like 2024 is going to start the year above $2,050.
 
I'm thinking $33 GDX will see the first pullback, but I would love it if we go straight to 35.
 
It surly will have a few down days on the way but I doubt it takes a month. Broke above the neckline and the 200 day moving-avg today which were about the same $30-$30.40 level.
 
The only question in my mind is how soon do we hit $35 in GDX? We have the Dec. Fed meeting on the 12th, which no doubt will have an impact on pricing. Will GDX hit $35 going into the Fed, then correct? Or do we hesitate until the fed meeting and launch to $35 from there. I'm going to estimate 3-4 weeks to hit $35
 
Bullish now Jelly?
 
Strong finish today. Gold is only 20 points away from an all time high. This will be it's 4th attempt at 2090. If it busts through there I suspect it will get some interest back in the miners. Could happen tomorrow.
 
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