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Kim Jong Boom
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Kim Jong Boom

by The MoleAugust 9, 2017

I have always discouraged political discussions on Evil Speculator for many reasons. One, the news are 80% composed of lies and subjective opinions. Two, the remaining 20% are mainly composed of ideologically driven misinformation, which leaves us with an extremely low signal to noise ratio. Three, the human mind can only process and absorb a finite amount of daily information, and excess of input can result into mental overload. Four, all information will to some extent affect you subconsciously, even the one you have consciously dismissed as worthless.  Chew on that for a moment.

But we’re in the midst of summer and most of my charts are in hibernation. So I’ll make an exception today, let’s talk about Kim Jong Un and the newest episode of saber rattling in the Korean peninsula. Unlike many of you guys I have actually spent a bit of time in South Korea and even visited the North Korean border once. Having met and talked to many Koreans in the peninsula as well as many Korean expats during my time in Los Angeles, I believe that I at least have a rudimentary understanding of the people and their culture. Remembering full well the horrors of the last Korean war, very few North or South Koreans would want another one, that much I can guarantee you. Thus I fervently hope that the peninsula and the rest of the region will be spared a military or even worse a nuclear conflict.

A lot of pundits are quick to point their finger solely at Donald Trump but I suggest that we focus our attention on the DPRK, which has been a thorn in the side of the UN for many decades now. Even during the Obama administration North Korea continued to cross one ‘red line’ after the other. According to reports, under Kim Jong Un the DPRK allegedly has continued to develop various advanced nuclear based weapons, rumors circulate about miniaturization as well as multi stage intercontinental missiles. Which in the hands of a madman could of course spell disaster for the entire region.

What Do We Truly Know?

But there goes the rub. We do not have any reliable intelligence on the situation in North Korea. Quite frankly speaking I trust what is currently coming out of the White House as much as I did during the Obama, Clinton, Bush, etc. years – meaning not at all. Because even assuming that they are truthful and there is no ulterior motif or political agenda, their own intelligence may be completely skewed or manipulated for a whole host of reasons. Anyone perhaps remember the Iraq war? How many intelligence and military filters has all that information passed through before it actually reaches various journalist reporting on the situation? Who then invariably proceed to slap their own ideological spin on it to satisfy the collective perspective of their readers. Unfortunately at this stage there remains very little true investigative journalism, as much of that culture has long fallen victim to attention grabbing clickbait and social media popularity contests.

Judging Events In A Vacuum

For us mortals to judge this situation is just as impossible as calling the future direction on a highly volatile chart. If we had the ability to get access to credible intel (if we were on the inside) then we could have an informed discussion as to whether or not a pre-emptive strike may or may not be warranted. Let’s say for a moment that uncle Kim is actively planning to send a missile straight into S.F. harbor or wipe out a good chunk of L.A. The odds of that are infinitesimally small, but hey – I got friends there!! So given irrefutable evidence of Kim Jong Un having the finger on the nuclear trigger I would probably support taking out the regime –  in that particular case.

But lacking any reliable intel arguing about rumors and hearsay here or on any other site only devolves into ideological bickering and finger pointing. And in the end it’s a colossal waste of time as our opinion very rarely winds up affecting reality anyway. I don’t know about you but I rather spend my time learning something interesting that may help my edge. But that’s me, I’m a grouchy old dog who has seen one too many politicians and journalists lie in order to justify a particular short term agenda.

Now if Kim Jong Un is dumb enough to actually fire a missile at Guam or any other foreign sovereign territory then I’m pretty sure the gloves are going to come off for a long overdue smack down. Which by the way may be delivered by a U.S. led coalition force along with the South Koreans, perhaps the Japanese, or even the Chinese. However until that day comes (and I hope it won’t) I suggest that we focus on what we always do, our charts and our own lives.

2017-08-09_spoos

Alright let’s talk about yesterday’s exhaustion spike and what it means for the current sideways range we’ve been trapped in since late June. Yes, it could be an exhaustion spike but a bit of weakness here would not be atypical especially given recurring bouts of short term volatility. This whole talk of nuclear war is obviously a great excuse to bang around the tape a little, especially since there are fewer participants.

2017-08-09_spoos_volume

The volume profile chart shows the E-Mini touching the upper range of a small volume hole between 2450 and 2460. A drop through 2450 may actually draw us lower toward 2400. But one day does not make a bear market, so we should be looking at participation on the Zero and of course see if price is staving a bounce here. I would not chase this candle down as there is not sufficient evidence yet that a real correction is afoot. Sometimes these quick reversals burn off a few weak hands in order to produce new momentum for a spike higher. This spells true in particular after being trapped inside a trading range for several weeks.

2017-08-09_VIX

This may be a good moment to point out that the VIX has now risen by 28% over the past ten days and there may be more to come. I wish I would have recommended some long term puts while the VIX was painting new historical lows. Oh wait a minute – I actually did 😉  And now you know why – you’re most welcome and if you’re not already a member then you know what to do.

2017-08-09_gold_update

That dip in gold was quite a bit more than I had in mind yesterday but after it had recovered to our entry range continuation higher had pretty good odds. I really hope you caught this one. Since it’s running on four cylinders now I have already moved my stop to break even. This one looks like a runner – we know for sure once that NLBL at 1275.6 has been breached.

2017-08-09_gold_USDJPY

My only worry is the USD/JPY which thus far has continued to drop (another topic I covered in the past two days) and which could reverse if the DX is in the process of building a floor here. Well, we’ve got our stop in gold at break/even so at this point there is little risk in holding this position.


About The Author
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at various social media waterholes below.
  • Wave_surfer

    Mole, thanks for reminding me why this is the only trading blog I read!

  • HD

    Kim Jong BOOM, Ha! Well the charts have enough fire and fury today. Setting up low before OPEX?

  • http://evilspeculator.com Sir Mole III

    We definitely have movement. Let’s hope it’ll shake things up a little so that we get a few juicy entries.

  • ridingwaves

    it would seem SPY could find 245 if these machines believe in going down, wash out low at 244.30
    funny though as bio indexes might have washed out already…

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    If you are long on tech, you may want to reassess IMHO.
    The week is not over, but clearly into the DMZ now regarding sentiment.

    https://uploads.disquscdn.com/images/1aeb2b3d74578455e79c161bf5d8ea6603d131f30fc56ab563edd06a3fc66250.png

    If you look at my past logs, I’ve been anti-GOOG. With the event of “the only set of balls left at Google” now terminated, it just adds to the circus.

  • AcoBrasil

    NVO cruising this morning. I picked up some DIS and TRIP in late premarket.

  • AcoBrasil

    Hey. How was your trip to the Andes?

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • BobbyLow

    I took my medicine and got stopped for a 1R Loss on my Gold Short and I know one might ask hey why didn’t I get out yesterday when the shit hit the fan in NK. Well it was late in the trading day when it happened and I swore that I would not make trading decisions based on political statements because I’ve been burned way too many times doing so. Nonetheless, I got stopped shortly after the open and FBOW, I’ve since flipped and am currently long.

    Regarding NK, one thing that stands out for me about despots like Kim and others like him is that on top of the terrible loss of life and countless maiming and wounds, we’ve spent 2 Trillion Dollars fighting a war in Iraq and Afganistan that might go on forever. I know it’s hindsight and (wishfull thinking), but for a lot less loss of life and a lot less than a couple trillion dollars we might have been able to surgically take out a couple dozen despots including Kim Jun-Un and what ever despots followed him if only our leadership had the resolve to do so.

    Another thing that stands out for me is how easy it is for people who have never witnessed the horrors of war first hand to say let’s go to war and kick their ass. I lost a couple of friends during the Viet Nam War and after I got out of the military remember the body bags being shown on TV every night in the late 60’s and early 70’s that were being sent back to the US for burial. We lost about 58,000 in total in Viet Nam. They don’t show the body bags on TV like they used to anymore because if anything turns people off about war, it’s that.

    So regardless of whether the intel is accurate or not, this saber rattling will most likely continue to escalate and then what? This is not a movie.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • ridingwaves

    excellent…Maybe the trip of my lifetime with the daughter…
    would like to explore northern Peru coast driving….with surfboard of course..
    wasn’t impressed with food so much..
    Roatan is some beautiful water for diving….

  • Mark Shinnick

    You….are such an animal !!! :) ….maybe better than Ben.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    ..wasn’t impressed with food so much..
    LOL.
    interesting.

  • AcoBrasil

    Really. I’m surprised you didn’t like the food.
    Where did you go in Peru again? Did you make it to the Galapagos?
    Northern Peru is very nice – especially Trujillo, Chiclayo, and Cajamarca. Vilcabamba in southern Ecuador is also nice. All very relaxing (though I haven’t been back since the late 1990s).

  • AcoBrasil

    Wrong country GG. That’s Chile :)

  • ridingwaves

    No movie at all, the Army General said last week people would need to be prepared to see the most loss of lives in their lifetime if conventional war was to happen with NK..

    but something is going to have to happen with Kim Jong as he is just a puppet controlled by old generals whom could care less about body counts and are halfway to the grave already..

    The threat of hitting Guam is as close to act of war as you can get….

    I expected market to be down much more….it’s not everyday we talk about Nuke war in the world

  • Julie

    BL A trade is never wrong if you know why you made the trade …. You knew why you made the trade….. You had a stop and a 1% loss is minimal and you have lots of dry powder. The sun sets only to rise again.
    JULIE

  • ridingwaves

    Mainly sacred valley area and Cuzco, 4 day Inca trail, 1 night in Lima which didn’t seem any different than Tijuana to me without the flavors..

    I had some friends open a water toy rental place in Esmeralda Ecuador and they love it….

    I passed on this hotel
    https://www.youtube.com/watch?v=U9dNHvvUBO0

  • Julie

    PDCO I like for a trading range play Weekly chart shown MACD at a level where previous bounces have occurred and in a support zone. Also a congestion zone and Volume By Price
    JULIE https://uploads.disquscdn.com/images/ede39436648ca609e3661aa6db54558eba9dfd86787a4617eac35c4bce1420fa.jpg

  • Mark Shinnick

    A highly precise targeting capacity can do it….but China then simply moves into the US bought real estate. Win-Win :)

  • Ronebadger

    I am GUESSING that the market will move down on this “N-talk”, then the news will moderate and the market goes back up a bit….THEN, when the $#!% hits the fan, you’ll see some real downside action…again, that’s just a feeling…not trading on it.

  • Tomcat

    A special thank you to kim jong un for a quick 10 points on ES this morning.

    PS. FCK YOU!!!

  • BobbyLow

    Thanks Julie.

    I might add that my “achilles heel” is consistently maintaining discipline in my trading. So the most important thing for me to do is to follow my own rules and allow my system to work. As long as I do this, I’ll have traded correctly and that’s all that matters.

  • AcoBrasil

    Where did you stay in Lima? It doesn’t sound like you had enough time to really explore the city. Most people stay in Miraflores, but the more interesting part of the city is downtown (better food too). It definitely has a LOT more to offer than TJ.

  • Mark Shinnick

    Here’s my take: China doesn’t want the local nuclear client competition or a nearby warlord.
    World-endorsed precise neutron detonation removes the NK warlord critical mass, China then occupies Trumps newly-created real estate. A Win-Win for everyone.

  • Julie

    BL one item mentioning short positions … Many traders run scared and do not allow time for a short to work. A great short seller J Carlo Cannell does not run scared and allows time for a short position to work…..
    JULIE

  • Julie
  • AcoBrasil

    That would be me.

  • Julie

    My take Mark … This North Korean leader is a loose cannon and no one friend or foe likes a loose cannon. The guy is completely nutso !
    JULIE

  • ridingwaves

    Miraflores….I thought the food was a little bland for my taste as I like the flavors of Mexico which are more pronounced….Though I did have some trout ceviche that surprised me…We have a couple good Peruvian eateries in the city and nearby, so I was hopeful for even better…

  • Mark Shinnick

    Science defines 5% of humans as psychotic/narcissistic. They add destructive mix which may be developmental to our evolution. There are times, however in most civilized societies we actually see to simply execute them.

  • Mark Shinnick

    Nearing short miners…

  • OzarkHillBilly

    I tend to think that the war of words will escalate into the weekend, and then we’ll get to see if anything happens (likely not yet, but maybe the market will move). But in any case, you’re right, the vast majority of folks have no idea what a serious war would look like. Sadly, most don’t even seem to care, until it effects them personally. Not that North Africa and the Middle East were great places to be before we started dropping bombs and such, but it’s definitely not any better after we’ve killed a few hundred thousand people and sown chaos across the region.

    I just found out last week that an outfuckingstanding Marine I served with in the early/mid 90’s later went on to become an officer, we may have even been in the same platoon together for a few weeks. He has the distinction of being the first US casualty of our war in Iraq in 2003. I don’t believe he died for any sort of great and noble cause.

  • AcoBrasil

    The best restaurants I ate at in Lima (for true local flavor) were in downtown Lima – where the business community eats lunch. Same goes for Sao Paulo, Rio, Quito, Miami, etc.
    Mexico definitely has a lot more variety and spices. If you make it to northern Peru (off the gringo trail), I think you’ll be pleasantly surprised.

  • Julie

    Mark GDX today bounced exactly off the daily 5 ema and filled the gap
    JULIE

  • Julie

    In a coventional war with NK How many South Koreans will be killed …? NK will attack SK …. Could get very ugly very quickly. I believe the U.S. has approx 35,000 troops stationed in SK ?(not sure about that number)
    JULIE

  • Mark Shinnick

    Try dog…in China if you can avoid mistaken identity and extermination. That was interesting.

  • Mark Shinnick

    Yes, for me too integrity to my models preserves my own self-respect.

  • Mark Shinnick

    Yes, the gap fill also seen on junior miners tends to be confirming. That trade is working…but the whole miners scene actually remains in very congested intermediate-longer term limbo.

  • http://evilspeculator.com Sir Mole III

    Marine 1st Lt. Therrell Shane Childers?

  • http://evilspeculator.com Sir Mole III
  • Mark Shinnick

    Raising stop…

  • OzarkHillBilly

    Yep that’s him. He may have still been a Lance Corporal when I first met him in 1992, but I’ll always remember him as a Corporal. Really locked on, professional, but always helpful and willing to lend a hand or give advice.

  • Ivan Hrusovsky

    https://uploads.disquscdn.com/images/4d906a28bf51aabc92ee6a52bc8f94007b0ad3c2eb890fb66a4f06ca1bc53dc1.png worth to wait for a better price regarding long entry (not 4 cylinder at the mom in my opinion)…

  • Mark Shinnick

    So you are now pending your “buy mode”. Do you ever sell?

  • OzarkHillBilly

    Full scale conventional war would mean deaths in the hundreds of thousands just within the first 24 hours. Seoul would likely be obliterated by Norc Orc artillery.

  • http://evilspeculator.com Sir Mole III

    Dirty damn shame they got to him. When I see these antifa idiots burn the American flag I think of men just like him. Makes my blood boil.

  • Ivan Hrusovsky

    I wrote yesterday that I never short precious metals. Today candle is without long signal – there will be an opportunity to – either for better entry, or at least for entry when proper long signal on daily chart will emerge. worth to wait. Do not agree with article that gold is on 4 cylinder run up right now.

  • http://evilspeculator.com Sir Mole III

    Seoul is an amazing 1st world city with a very high population density. Even conventional shelling would produce massive loss of life. And there’s no telling what Kim Jong Boom has up his sleeve – if he goes chemical or biological things would turn extremely ugly. The only opportunity anyone has to limit casualties would be to completely disable the North Koreans with overwhelming force. Meaning when you go in – go BIG.

  • BobbyLow

    I agree but it still matters what time frame is being traded. For example, if I had been trading the Daily Chart of /GC, I would have gone Long by my lens at the COB on July 17th at 1233 and out at the COB on July 25th prior to the Fed at 1249. I would have re-entered at the COB on July 26th Post Fed at 1260 and still be Long.

    This is a giant coulda, woulda shoulda. BUT after much trial and error, I’ve found that taking my trades from a 195 Minute GLD Chart works better for me because it gives me a slightly faster entry and better exit (most of the time) than the Daily. This is because it gives me two candles per day instead of one. Charting GLD works better for me because it trades during the same hours that I do and I can adapt my strategy accordingly. Also through backward and forward testing, I’ve found that my win rate and APE is much better with the 195 Minute even though an occasional back fire can happen like what happened today.

    Please keep in mind that I’m seeing this stuff with my prescription lens and like I mentioned yesterday, this might appear fuzzy and unclear to others. :)

  • http://evilspeculator.com Sir Mole III

    The other day I was looking at a Scalpius campaign that was in the process of forming. Thought to myself – ‘damn it, I hope it doesn’t trigger because the range is too tiny’. Right after thinking that I made a bet with myself that it would probably turn out to be a winner. And sure enough – it triggered and went straight to target.

    NOBODY IS IMMUNE.

  • Julie

    Mole and everyone Something I must say …. A young Marine whose family lives on the street where we live in MT lost an arm and a leg in Iraq. Marine Childers posted below was from Salt Creek WV …. Were all Americans and it does not matter where we live and when someone ridicules someone for living somewhere …. That makes me boil. During the Viet Nam War the Pacific Northwest was in a recession and many young people joined the Armed Forces and consequently many soldiers from Oregon and Washington were casualties. The South too was not doing very well and had a high number of casualties . We are all Americans …. Does not matter where you live in our great country
    JULIE

  • OzarkHillBilly

    They named a street after him in Cody, Wyoming, and there is even a little monument for him in the Veterans park there. A mutual friend took a photo of it and posted to Facebook last week, that’s how I found out. I had heard long ago of Lt Childers being the first casualty, but stupid me never made the connection that it was the same guy I knew from my enlistment.

  • Julie

    SPX 60 min chart A rollover at 2475 – 2476 is a short IMO. 50% retracement and backtest of broken uptrend line
    JULIE https://uploads.disquscdn.com/images/7d97df693c07338dfe0e16322ca6d4d589348de03eef9bb51903d57e7a4d8bc1.jpg

  • http://evilspeculator.com Sir Mole III

    I’ve been doing some deep IV based research over the past few weeks. Here’s a goodie – a sliding window measuring the half-life time of mean reversion on the VIX/VXV ratio. So yes, it’s mean reverting but it can take a lot longer than anticipated. Of course it all depends on where you jump in and what your time frame is. The mean is around 30 hours (60 in the center of the chart as I used 30-min data).

    https://uploads.disquscdn.com/images/0639e7c13b4edad9ca3ee396f17419577e543c4f397baa0e582b53bb5d4b8b7f.png

  • http://evilspeculator.com Sir Mole III

    Of course not – any attempts to divide our nation by region, race or skin color, gender, or political orientation, is solely aimed at weakening our national sovereignty and most important to weaken our unity as a people. I myself had to earn that citizenship (born German) and would be fully prepared to defend my country with my life if so called upon.

  • http://evilspeculator.com Sir Mole III

    Yup, it’s just a statistic unless you actually met or knew the guy. Which is the problem with privatizing the military and putting our national security into the hands of mercenaries. It has to be us, our family members, our friends, our distant relatives. Only then do we truly appreciate not only the value of freedom but also its invariable cost.

  • Julie

    Right on Mole Proud of you and everyone else expressing the same
    JULIE

  • http://evilspeculator.com Sir Mole III

    Remember the old saying: d?vide et ?mpera – divide and conquer (spanish: divide y vencerás). It’s happening all over the place and if we don’t fight back it may destroy our nation.

  • Julie

    Mole recently someone called us hicks and sodbusters for living in MT We walked away. We were stunned ….
    JULIE

  • OzarkHillBilly

    Very true. Since I’ve been back, I’ve been keeping a double tally, one column for “Old Me” and one column for “New Me.” While all trades I’ve actually entered have been discretionary, the “New Me” shows irrefutably better results, and it is simply due to sticking with a disciplined approach. My only losses over the summer have been the result of succumbing to old bad habits.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • ridingwaves

    Mattis would go big….no other way to do it….
    I was reading last night that before Trump opened his mouth, he should have ordered all non military personnel, families out of S. Korea….lighting a fire when folks are standing in the wood is not very smart

  • HD
  • ridingwaves

    its the whole premise of politics, say your different but screw your constituent via your subtle likeness and adherence to the system.

  • Mark Shinnick

    OK, so rebot volatility and its now new highs, but the equities not showing much for now,

  • ridingwaves

    vix related instruments are looking like a heart monitor on a coked up guy who is given a shot of sedatives every 20 minutes to back off terminal line…

  • BobbyLow

    Someone? It was quite awhile ago when I fully realized that not everyone is going to like me no matter what. I also believe that some people get off putting other people down – so it is what it is

    I’ve run into the kind of stuff you mentioned because I’m an east coast northerner living in the south and most people down here are accepting and fine with it. OTOH there is an occasional person who will give off vibes like WTF am I doing here? My accent gives me away. :) However, when they feel this way, that’s their problem not mine.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    just Remember
    😉

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • BobbyLow

    LOL

    I’m kind of a modified yankee now. I was going to get a hand gun but I’m such a terrible shot that it would take a lot of practice for me to hit more than the broad side of a barn door. So what I did was buy a 12 gauge shotgun with a “minimum” 18″ barrel. I keep it fully loaded standing at attention beside my bed and I’m guaranteed to hit whatever I aim at. I hope to never have to use it but just cocking it might persuade an unwanted intruder to leave.

    https://www.youtube.com/watch?v=B2Gz-A-XO8w

  • Mark Shinnick

    There will always be that 5% who will always hate you :) These are the predators. If you have any vulnerability, they specialize in ID’ing you.
    Trick is: ID them ASAP….stick with normals.

  • Mark Shinnick

    …or shoot first.

  • ridingwaves

    my cousin reiterated what you said above, he was sheriff of town in central california, tough hombre
    all he has now is a sawed off 12 gauge…most likely the other guy hasn’t practiced either..

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb
  • BobbyLow

    It looks like going Long Gold after the horse had already left the barn this morning was better than a poke in the eye with a sharp stick. :) At least for now.

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    it’s a tough racket. who knew? War would open it’s mouth.

    http://stockcharts.com/h-sc/ui?s=GLD%3AUUP&p=D&yr=0&mn=5&dy=0&id=p22633398296

  • ridingwaves

    long vix instruments let u get in after the horse left this morning also….

  • BobbyLow

    That’s for sure GG.

  • Julie

    BL Mark GG $GOLD has an inverse relationship with the yield curve
    JULIE https://uploads.disquscdn.com/images/a79462ce69f26731b8cea5714d5e50d5555e91db27422d5cbbed73ef8aa8f73d.jpg

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    btw, tapped the upper rope on my lens.
    so much for $8.66

    http://stockcharts.com/h-sc/ui?s=%24VIX&p=D&yr=0&mn=6&dy=0&id=p86789083166

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I’m not seeing it.
    could you tag a small CORR indicator on it?

    http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators:correlation_coeffici

  • BobbyLow

    Here’s another coincidence. One of my neighbors is a county deputy sheriff and it was his suggestion for me to get my 12 guage. I could also get a pistol grip for it (like a Mossberg) but with its minimum legal 18 inch barrell, it’s not as manuverable as a sawed off but it’s not bad.

    BTW, I live out in the boonies so if I had an intruder in the middle of the night, I have no idea how long it would take for a deputy to reach my house. So I want to be prepared and ready to defend myself and my wife if and when I need to.

  • Julie

    GG correlation would be above 0 and approx 1.00 so the inverse relationship would be below 0 and -.1.0
    JULIE https://uploads.disquscdn.com/images/689bd63a5fd36459e5b12f3f869f9d885bc38c00f21a1be2da5a366c794d5eb6.jpg

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    below -0.75 is inverse correlated.

    so Yes, there are periods of 2 to 4 weeks where it occurs.
    -GG

  • ridingwaves

    not trusting this rally into close….

  • Julie

    GG BAC looking to short the bounce from lower trendline and daily 21 ema to a lower high at approx 24.90 which is (1) 50% retracement (2) 21.88 is a resistance (3) https://uploads.disquscdn.com/images/a32eae1c52bad1e22bdcb7cf7b680c488fab81f64436df4c2fdea0a3bc7456fb.jpg mid channel line
    JULIE

  • OzarkHillBilly

    Nor I, but I’d bet $2 that “they” keep it up until Friday.

  • Julie

    RW Short covering …. The bears won’t stand pat …. Me I opened a short probe last week and added a small increment …. Julie ain’t runnin scared !
    JULIE

  • ridingwaves

    what bears? there are none left…

  • ridingwaves

    sure looks like it…using financials at the end to push indexes up….

  • Mark Shinnick

    BTW for CL bigwigs, this just came on the market. 75 ft cement pond. https://uploads.disquscdn.com/images/5b293f253aea1fc87402843f76e2e46737379bc509719d282c898e3477996b97.jpg

  • Wave_surfer

    GG, do you know of any things that has either higher correlation or higher inverse correlation?

  • http://evilspeculator.com Sir Mole III

    Fucking idiots… have they ever looked at any pictures of Montana? If you guys didn’t have such brutal winters I would move there in a heartbeat.

  • http://evilspeculator.com Sir Mole III

    I am a born German who left at 1 year of age, then was raised in Austria and Switzerland. In my late 20s then became a U.S. citizen, lived across CA, kept traveling the world, married a French woman, after which I moved to Spain to learn the language.

    Both my wife and I have been social and cultural chameleons our entire life. Trust me when I tell you that such short sighted people exist in every single place and the best way to handle them is to simply ignore them and walk away. There are too many amazing things and places out there to be experienced and life is too short to waste it on idiots 😉

  • http://evilspeculator.com Sir Mole III

    Looks a bit claustrophobic for my standards. Only one tennis court? Pikers…

  • http://evilspeculator.com Sir Mole III

    Chart not working :-(

  • http://evilspeculator.com Sir Mole III

    Zero snapshot showing the entire session. NOT a very bullish looking signal.

    https://uploads.disquscdn.com/images/5c605ae9c708048af9da8a4415d6b3f918a56c10b37ba5dbd4b028ed0fde5bfe.png

  • http://gerb-reloaded.blogspot.com/ Gold_Gerb

    I told you 3 weeks ago, that 23.93 would hold.
    why waste your time in a choppy uphill daily trade? it’s all stuck within a $3 range.
    which could be quickly be lost in a day or two (see March)

    You are wearing yourself out unnecessarily IMHO.
    but I don’t know your style. or *do I?*

    https://i.ytimg.com/vi/FCLt75Pb-QU/maxresdefault.jpg

  • http://evilspeculator.com Sir Mole III

    You can always ask questions after.