The Lunatic Fringe - Market and Trade Chat

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

You bought too early it was painful. How much do the miners yield today?


www.caseyresearch.com

Gold Stocks in a Depression | Casey Research

While we think the odds are strongly stacked against it, particularly given the government’s furious pace of money printing, the prudent investor understands – and respects – the time-tested adage, “Nothing is guaranteed.” So while our chips sit squarely on the spot marked “inflation,” what will...
www.caseyresearch.com www.caseyresearch.com
 
The inflation problem is not going away, with the Federal Reserve and the European Central Bank doubling down on their calls to keep raising rates amid promises of price stability. The gold market is not taking it well, with prices at risk of falling below $1,900 an ounce in the short term.

The latest macro data out of the U.S. supports more tightening by the Fed. The Conference Board's consumer confidence report surged to 109.7 in June – the best since January 2022. This has pushed recession calls further out, supporting another 25-basis-point hike by the Fed.

Other data included the U.S. durable goods rising more than expected and the new home sales soaring in May.

The CME FedWatch Tool now sees a 77% chance of a 25-bps rate hike in July. ...
Click to expand...

www.kitco.com

Gold price at risk of falling below $1,900 as Fed and ECB intensify inflation battle with July rate hikes

www.kitco.com
 
According to FJB Russia is clearly losing the war in Iraq. This guy has clearly lost his mind.
 
“For the first time ever, six states in the South - Florida, Texas, Georgia, the Carolinas and Tennessee are contributing more to US GDP than the northeast corridor of Washington-New York-Boston…”
Click to expand...

The US certainly looks like it is working its way toward some sort of political phase change. Next year is going to be an interesting period of time!
 
I had no idea as I'm trading solely on price, but here's the news.

Window_and_JOBY_11_66_▲__30_13__IWM_Weekly_FAST.jpg
 
Zed said:
A handful of these things are fine, but... all sorts of issues arise if we all want to use something like this.

We are bad enough with cars and roads...
Click to expand...
And booze and weed or whatever the kids smoke these days.
 
So Gold goes up unless it goes down. People actually pay for this $hit.


 
Dear lord...

www.armstrongeconomics.com

Atrazine – “Turning the Frogs Gay?” | Armstrong Economics

Another conspiracy theory debunked. Alex Jones warned us long ago the government “was making the frogs gay,” and he was correct, but his delivery did not go over well. Robert F. Kennedy brought up atrazine while on the Joe Rogan podcast and explained the very serious matter. Atrazine is a legal...
www.armstrongeconomics.com www.armstrongeconomics.com
 
When they start showing charts for Gold with targets near 1500 you know it is time to at least get ready to buy maybe not full size but a starter position. What I'm reading this is the last buying opp before a very strong rally but how many times you heard that? Anyway this is GDX and we have a bullish engulfing. These don't always work out and the risk is down to yesterday's low on a close. Buy signal. Notice the island reversal gap back in November


GDX_2023-06-30_06-12-00.png
 

Bullish Engulfing

Article describes the bullish engulfing candlestick, including performance statistics and rankings, written by internationally known author and trader Thomas Bulkowski.
thepatternsite.com
 
Gold and Silver can drop from here but when I see people saying that Gold could not have bottomed in this area because the DSI is too high at 24 don't get it. The same metrics don't apply in bull markets as they do in bears. Silver now around 15 Gold 24. You likely won't get a price you are going to be comfortable buying at.
 
You must log in or register to reply here.
Back
Top Bottom