2025 Lunatic Fringe - Market and Trade Chat

Voodoo said:

So far they are clearly trying here today. Expect the PCE to come in a bit hot here soon. But what happens the next few days is pretty important.

Edit: and PCE was slightly higher than expected.

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Someone_else said:

Damn, that's somewhere approaching $40 million?
I am just an ant hauling a grain of rice in comparison.
But my "thank you" to David Bateman, whoever he is.
May he prosper from his investment that will benefit every one of us.

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Silver is quite literally at its final hurdle before beginning a parabolic run. Parabolic moves in silver do not start at some arbitrary level in price or breakout in price. Parabolic moves in silver are historically much more akin to Thermal Runaway.

They start when silver runs so hot that its own temperature begins to fuel its own move, causing it to run even hotter and thus move even faster, endlessly burning until it explodes (and collapses). Thankfully, that "boiling point" in silver can be measured with breadth. As of right now, silver is about 1 degree shy of the temperature it needs to start its unstoppable and self-fulfilling Thermal Runaway.

Because silver is so close to a parabolic move, I've gone ahead and invested into more of my favorite silver plays today, regardless of price. It looks good across the board, and silvers BiB levels cannot be ignored. The charts speak for themselves.

Initial price resistance on breadth would take us to about the $54 mark if it broke right now, but if it performs as gold did (we predicted this same setup in gold) then this resistance in breadth will be quickly tested and then broken, and a new precedent will be made.

In other words: silver will set its own new precedent in BiB (breakout in breadth) levels like gold did, taking it into blue sky territory not only in price, but also in temperature. Which is to say, it will run very overextended; but the duration and breadth of this overextension from moving averages will become a "new normal" exactly as gold did.

All of that is to say that as high as silver goes the floor will follow as well. The upper range of silver's "thermal limit" will be increased, and nominal temperatures once considered very hot will become the new room temperature. It's actually going to make this tricky for everyone, including the bulls.

We talked about all of this in depth in our last video.

The TLDR is that silver is quite literally on the cusp of the breakout move that most silver bulls gave up on ever seeing. The new precedent that will likely take place as a result of this move is going to result in a bull market that most hoped for, but few understood was actually possible.

Expect the unexpected.

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Goldhedge said:

... the so-called “free-float” inventory at the London Bullion Market Association (LBMA) has dropped to just 155 million ounces. ...

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