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. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.

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!

The 37 Year Cycle | Armstrong Economics

Well, Sports Illustrated just had to join the BudLight Woke Controversy. I suppose they could have put a Transgender on the cover. So it looks like they decided to stop short of that insanity and chose to put Martha Stewart who is 81 on the cover. Elle McPhearson, known as the Body, really saw her
www.armstrongeconomics.com
 
Everything I'm seeing right now looks like things are a GD powderkeg waiting for a match.

A.) The overall stonk market is Concentrating into fewer and fewer names such as Apple. the underlying liquidity in what should be big companies is horrible.

B.) Volatility (ie fear) is getting crushed almost everyday whether that is real or artificial (such as plunge protection team) or both I don't know

C.) US Debt CDS are exploding (apparently the only market that cares)

D.) Gold with the highest and stubborn volatility even though prices have not moved a bunch

E.) Dollar strengthening again with BRICS countries now openly challenging its dominance.

F.) Extreme short selling potentially coming to light with a NEW move to DRS shares, possibly destroying the system (I think this is the match to set this Fuc*&R off).
 
I'm starting to think this PM drop has mostly been due to the debt ceiling debate. I suspect money is flowing into USD as a safety play until an agreement is made regarding the US debt ceiling. Which puts pressure on gold/silver. If true, we should see a nice rally in PM's once this blows over.
 

 
This whole debt ceiling thing is just theater. Dent bearish? Might be time to buy with both hands.


GoldSeek Radio Nugget -- Harry Dent: Current stock market bubble could mirror 1929

S&P 500 has topped already according to our guest. Is a Dot.com-like stock market bust imminent? Does Bitcoin lead the US stock market? Will the Fed reverse course on rates? How far could markets crash - startling projections.
goldseek.com
 
Lancers32 said:
This whole debt ceiling thing is just theater. ...
Click to expand...

Under normal circumstances, I would agree. The expectation is for the swamp critters in Congress to yield and raise the ceiling. But the way the Speaker of the House drama played out, there could very well be a group of Reps in the House that would rather crash the plane into the ground than yield on getting budget concessions. It reminds me of the old story about why the asshole is the boss:

 

Credit Suisse Workers Gear Up To Sue Swiss Regulator Over $400 Million In Lost Bonuses, Report Says​

https://www.msn.com/en-us/money/com...ses-report-says/ar-AA1bvxd1?OCID=ansmsnnews11
Credit Suisse staff are gearing up to sue Switzerland’s financial regulator over hundreds of millions of dollars worth of bonuses that were canceled after the bank was hastily rescued by rival UBS earlier this year, the Financial Times reported on Monday, adding to the deal’s already sizable legal fallout as the two banks work to finalize the merger.
 
Maybe we are at an odd moment in the general stock market. My Weekend Trend Trader system that works off the Russell 2000 small caps had me purchase 19 positions at today's open bringing my total open positions up to 20.

For today, my brokerage account is up 4.11% which is a good move for 1 day. There is some broad based support at the moment.

[Didn't feel good to buy today.]

[We may be having a bit of a "special moment."]
 
Last edited:

The Rate Of Change on GDX & GDXJ is around levels that we'd normally rally from. On Balance Volume hasn't turned overly negative, still sitting around levels that are more in correction territory. GDX looking a little like an island reversal might be in play, the gap down didn't generate that much volume or follow up price weakness... yet. Finishing this month over 35.5 would be positive on the monthly, ~36.5+ is ideal and would send a reasonable signal crossing one of those sloping lines you despise.
 
Started nibbling on some Nov '23 and Jan '24 call options. I'm thinking this is about as far down as we go. Many silver miners are showing wipeout conditions.
I think we have to wait until after the June Fed meeting before gold really breaks out above the 2080 high. But I'm thinking the low is in.
 
This is NOT investment advice... But anyone who thinks there is a plan running and trump is in charge.

Buy yourself some BBBYQ for like a quarter. I don't care if you throw $10 into it. But I believe there is a plan in place for a restructuring buyout. The deadline for bids is looking like June 1st. Not all brokers will even allow you to buy it but if you can and know how to trade stocks it's Well worth the shot IMO.

Enjoy the Show
 
Last edited:
Lottery ticket purchased.
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more…