2026 Lunatic Fringe - Market and Trade Chat

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In case anybody generally forgot why we are here:
1. It is okay to swing trade equities with the intention of taking profits to buy physical PMs or cash.

2. Right now governments cannot control spending and the fiat currency game is almost over only to be replaced by electronic dollars or magic beans.
 
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Trumps tariff threats likely to roil markets this week. Monday markets are closed, but if there isn't any clarity by Tuesday morning, things could get a bit volatile.
 
I took profits today. Everything was up 15%+ today on top of previous large gains. Things just spiked so fast since Christmas. I will buy back in 25% lower on a technical pullback.
 
I look at the charts better now to pick good entry points. I am often a little early selling.

FYI, last year I rode a huge gain up +$300k in a couple of months, then gave back $200k. It took a couple more months to get it back plus.more. In hindsight PMs were so over extended beyond the 50MA that it was a matter of time.

Now I am at the level where my portfolio often swings daily more than the average annual salary.of most Americans. When you make those types of gains you don't want to give any of it back.

In the meamtime I am constantly refining my.holdings.

I am focusing on:
GDXU
AGQ
HYMC

SILJ
JNUG
 
There are more advanced strategy's to cut down on Vol. But you can't focus on the Absolute up/down XXX amounts. It should all be evaluated in % terms.

The first thing I would do is cut out all 2x and 3x leveraged ETF's. Not a fan at all. This vol could easily blow up one of those even going the right direction.

I think a better longer-term strategy now is buy quality miners / single ETF's. Then build around that and as they make strong moves up consider selling covered calls.
 
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Voodoo said:
An odd attack / split tonight. Gold continues up another $70 while silver is down... sure.
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Ah it dawned on me this morning what that was. Bankers ran Gold up while holding Silver to attack them today. Gives it more cover to make it look legit if both are down. I'll be selling short-term SLV put spreads here in 30 mins or so.
 
Pullback enroute on no new tariffs, however the underlying poor economic fundamentals are unchanged.

Get ready to intraday cherry pick some:
GDXU
HYMC
AGQ
JNUG
SILJ
 
When we broke 60 we went to mid 60's then pulled back to retest 60 before running to mid 70's. We then pulled back to retest 70 before running to mid 80's. And of course we then pulled back to retest 80 before running to mid 90 where we pulled back yesterday to retest 90. Next stop 105.
 
Buy platinum stocks on dips which is tomorrow.

FOMC meeting this week. We could see $110/$5200.
 
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We may have caught up to China. If this site is accurate looks like 108.96 as of the time of this posting.
Never mind I was looking at the US price. China is 123. Now 14 dollars higher than US.
goldsilver.ai

Silver price chart today | GoldSilver.ai

Check out the latest silver prices in USD per ounce today. Stay updated with the latest trends and prices in the precious metals market.
goldsilver.ai goldsilver.ai
 
Elemetal and Metalor have both paused purchases of SCRAP GOLD and they are no longer allowing locks for dealers!

🔔 Metalor is one of the largest refiners in America and they’ve temporarily paused buying Gold!

‼️ First it was scrap silver, now scrap Gold!

Basically, the refiners can’t keep up with record retail selling and have exhausted their credit limits. They have billions of dollars sitting on a shelf waiting to be refined and they can’t keep up!

Dealers will now have their funds in a pool account and then have to wait two weeks to get paid!

‼️ “This is going to have tremendous ripple effects in our industry. Putting a pause on buying non-pure silver is one thing, but if none of the refiners are taking scrap gold, our industry is going to come to a screeching halt.” - Longtime LCS Owner speaking on the condition of anonymity.

We are officially in uncharted territory and cashflow is king for dealers. This has the potential to affect the entire market.
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Should be interesting to see Shanghai tonight. Do they keep running or also pullback. If they pullback does that mean the US is leading the way down? 20 dollar spread is pretty big. For 1000 or less you can fly round trip with 1000 ounces or more and make a pretty decent profit. Sleep on the plane and just make 3-4 trips a week and make 70-100k.
 
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