The Lunatic Fringe - Market and Trade Chat

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I'm SICK!

Will you guys start arguing about summin interesting?
Are you sick because we aren't arguing about summin interesting, or you just happen to be sick and the arguing will be good medicine to help you get better?

(You know, in medicine the history gives you 90% of the needed info)
 
Are you sick because we aren't arguing about summin interesting, or you just happen to be sick and the arguing will be good medicine to help you get better?

(You know, in medicine the history gives you 90% of the needed info)

I'm plain sick and I need the distraction! LOL {cough} LOL {cough}....

Gawd it is dragging on!

{sigh}
 
I'm plain sick and I need the distraction! LOL {cough} LOL {cough}....

Gawd it is dragging on!

{sigh}
It seems like half the people I know are sick or fighting something. Flu and Strep seem to be the biggest villains. Some poor people have both!
None with COVID...
 
It seems like half the people I know are sick or fighting something. Flu and Strep seem to be the biggest villains. Some poor people have both!
None with COVID...

Not testing +ve for COVID.

Who knows?

I once read that Grand Solar Minimum brought more disease... it seems to be happening!
 
Not testing +ve for COVID.

Who knows?

I once read that Grand Solar Minimum brought more disease... it seems to be happening!
I had to google what that was:

Taking into account that cosmic-rays and consequently the neutrons produced by them in the atmosphere are in an inverse relationship with the solar activity. We show the possibility of obtention the pandemics occurrence rates considering that they are due to mutations induced by the neutron capture upon the presence of hydrogen in the viral proteins, producing radical changes, an “antigenic-shift”, forming a new type of viral strains...

Great. One more thing.
 
I'm plain sick and I need the distraction! LOL {cough} LOL {cough}....

Gawd it is dragging on!

{sigh}
Hey Z, It fargin amazes me, too. This g-d thing has been dragging forever. But in a way, it is like wishing you were older sooner. Be careful what you wish for, and all that...

FWIW, I still have my permabull glasses on. I think there were some solid pushes down to the lows earlier this year which kind of exhausted selling and the past month or two feels like a solid base is being built. I feel like short, medium, and long term technicals and fundamentals are on the cusp of coming together to give us a nice push up in the metals. I don't know when it is coming but I am glad to see that expectations do not seem to be especially high for the metals right now. Seems like everything is starting to line up. We c...

BTW, tons of influenza here this past month now that it is getting cool and the public is tired hibernating. Seems like viruses are like metals on steroids - there is only so long you can keep the proverbial beach ball submerged before they erupt and make their presence known.
 
First Notice Day 30-11 First Delivery 1-12

One day left before they ask for Decembers metal... should be a big month!
 
I doubt many people in the US will play ball.

They already are. Direct deposit, cc's, paying bills online, etc.

Merchants will be mandated to take the currency of the nation, taxes will be paid in it, companies will be forced to pay in it... etc, etc, etc.


Barter is ALWAYS an option.

See Zed's post above, then look at my first post. Now look at where people live and how they live. They will use whatever medium of exchange the gov deems is official and simply go about their daily lives. And anyone who doesn't go along will become a pariah and won't fare too well.

*Don't want to derail the thread. If anyone wants to talk about this in a different local, I'm in.
 


The beatings will slow down a little bit, but continue until morale improves.
 

 

Those are Far from the same as the new CDBC. Will some people, perhaps even a majority comply, probably. But a good 30-40% will say no way and it will still fail. Look at the uptake when they tried in Nigeria. Complete fail.
 

Well we didn't get the close two weeks ago above this level but we are now above the 38.2% retracement again. Can we get a weekly close above, Yes I think we will now.

Also, means GDXJ is probably running to that $38 H-S indicated level now. One last resistance at 180 day avg IMO.
 
I updated my retirement slow-trade system for the month of November over here:
 

Work it!
 
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SI - Silver Daily. Looks like a solid breakout from a flag style continuation pattern. Low target looks to be 25.50 over run target looks to be 28.30 odd. That level has some history being the approximate ceiling after the 2020 breakout. Getting past that would be uber bullish. Expect a decent pause at that level if we get there.

 
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SPX Daily. We hit trend early! Sideways, pull back, down leg or breakout? What next... I'm gonna say we are close to an intermediate top here.

 
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@Zed love your posts with the graphs and comments, but sometimes it's hard to read the fine print to see what data the chart is representing (ie. S&P 500, gold, etc.). If you wouldn't mind adding a short note for that, it would be very helpful for folks like me to fully appreciate what you are sharing.
 

 
I see a bunch of people taking profits in the gold/silver miners today, but I think this rally still has some legs to it.
 
I see a bunch of people taking profits in the gold/silver miners today, but I think this rally still has some legs to it.
Yes miners definitely did not follow the metals prices up this afternoon. Thought about taking profits myself but decided to see what tomorrow brings.
 
I see a bunch of people taking profits in the gold/silver miners today, but I think this rally still has some legs to it.

You held on for this long only to take profits already? Those would be silly people.

For a short-term trading position I've been looking for GDXJ at $38 but silver is just breaking out now. WPM I have some shorter term LEAPS (just jan now) that I will probably take some profit or look to exercise/roll.
 
I see a bunch of people taking profits in the gold/silver miners today, but I think this rally still has some legs to it.

The broader stock market might be about to hit the wall if the Eurodollar U guys are on it. That would be a drag.
 
The broader stock market might be about to hit the wall if the Eurodollar U guys are on it. That would be a drag.

Possibly, but at some point Commodities and especially Gold/Silver are going to part from equities. They should vastly outperform in a Stagflationary crash.
 
Looking at my general strategy today and thinking about 2023 I think I want my general diversification to be as follows.

30% Short - larger / overvalued stocks
40% Long Commodities
15% Long Meme stocks
15% Long beaten down Spacs or other opportunities.
 

OK Will do, often do. You must be on a phone!
 
... You must be on a phone!
I alternate between phone and computer. I'm also getting older and need readers (glasses) to read small print. On the phone, I can actually zoom in to read details. On the computer, it's more difficult.
 
Silver with a classic double/triple/quadruple bottom, whatever you wanna call it. Should be good for atleast $24 on the initial rise out of it.
 
Silver is ready to Explode. Just my opinion. Tried to hit it today with the complete fraud of the jobs report and we are already green.
 
yup. I'll say it again, I think this rally still has legs to it. Possibly more than people think. It's very strong.
 
My Weekend Trend Trader Stock Scanner picked up 2 gold mining companies today. Hecla and Novagold. So that's something.

I won't be buying them because I have a full portfolio already with 20 positions. I've been holding these 20 stocks for 5 weeks and am up 5.84% all stocks combined.

[Just sharing because it's kind of cool to get entry signals on the miners.]

 
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