The Lunatic Fringe - Market and Trade Chat

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So we close to a buyable bottom here in the mining sector like tomorrow? I can wait not really getting itchy some held up better than I was expecting. Turnaround Tuesday? Or is it Turnaround Wednesday down in Australia?
 
Lancers32 said:
So we close to a buyable bottom here in the mining sector like tomorrow? I can wait not really getting itchy some held up better than I was expecting. Turnaround Tuesday? Or is it Turnaround Wednesday down in Australia?
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Mebe GDX ~ 23 if we see some green volume back into it... ready to drop it like a hot brick... mebe but I'm not confident bout that at all!
 
Cathy says please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please, please STOP IT!!!!!!

ARK Extends An Open Letter To The Fed

Could it be that the unprecedented 13-fold increase in interest rates during the last six months has raised the risks of a deflationary bust?
ark-invest.com
 
Zed said:
Ok, where did you see that?
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Just from observation but ZeroHedge confirmed it in their daily wrap up article yesterday.

Put in orders to sell 1/3 of my Put's at prices that cover my cost basis for the entire trade (ie 200% gain). The QQQ puts (prob about half) are getting close to hitting and at least one did already. Doing better than the DIA or PRU puts.
 
Gold bounced off $1660 again Silver fresh low at $19.20 but miners are pretty strong.
 
Huge move in the dollar index seems to be affecting most markets right now. What's happening?
 
Lancers32 said:
Gold bounced off $1660 again Silver fresh low at $19.20 but miners are pretty strong.
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Means nothing.

Unless you are buying and selling. This is not the time for selling. Never again in USD. Ever.

Frankly IMO, the time for selling is best described as "that ship has sailed, that train has left the station".

If anyone reading this is innocent (nice word) enough that they have certificates of ownership of stored gold... what the hell are you doing here????
 
You can always count on ZH for keeping their heads to the ground for this type of news. Just noise to anyone who isn't a short-term trader. Some big wig doufus in UK running his mouth.

ZeroHedge

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

Issuing threats apparently... “My message to the funds involved and all the firms is you’ve got three days left now,” Bailey said at an event in Washington on Tuesday.

A three-day warning before a huge sell-off is pretty good news for my Put option crash trade.
 
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Lunatic Fringe Walt. To each his own.
 
Jeez. The Brits are screwed.

Jeeves Six-pack just about to retire. Has big mortgage. Retirement dividends will not cover half his new expenses re: home heating this winter, food, auto payments and gas, etc.

No prob: Them retirement dividends won't show up now, either.

Brings it to a whole 'nother level, donnit? We could be there very, very soon also.
 
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