A2A with Pining For the Fjords and Argentus Maximus

139
Thu, May 26, 2016 - 11:30am

Two of TFMetalsreport's independent contributors got together today and had a 3/4 hour conversation about markets, the times we live in, questions from many Turdites and a few things more. They recorded their conversation for this week's A2A podcast.


Here it is ...

RNP TFMR Pining Argentus 1

Have fun and enjoy our financial banter!

argentus maximus

.

The author posts daily commentary on the gold and silver markets in the TFMR forum: The Setup For The Big Trade. More of the author's work (mostly video) can be found here: RhythmNPrice.

About the Author

  139 Comments

silver66
May 26, 2016 - 11:35am

First

Looking forward to listening to this discussion

Silver66

Gramp
May 26, 2016 - 11:50am

2nd! Come in!

2nd!

Come in!

Hey, have a great weekend guys and thanks for the discussion!

gold slut
May 26, 2016 - 11:54am

Great to have your A2A guys

And now to listen...

Blimey, and third as well!

Paging Marchas, Paging Marchas..

Royal Flush
May 26, 2016 - 12:05pm

4th?

4th? sorry, it was just sitting there. i couldn't resist...Marchas ;;

joeblack
May 26, 2016 - 12:07pm

Thanks guys

you should come up with your own music

canary
May 26, 2016 - 12:13pm

OI (final)

Gold -17,864

Silver -1,793.

May 26, 2016 - 12:25pm

I have a few minutes of wifi access

Instead of drawing attention away from this great thread, I'll simply be adding some thoughts and charts as comments.

Be sure to notice the gold OI numbers listed above from canary. No doubt losing a bunch more today. This is good and A-OK.

May 26, 2016 - 12:34pm

Once we get through tomorrow

Once we get through tomorrow and the rest of the June contract expirations next week, expect resistance at the 50-day MA as well as the downtrend arrow from the May 1 highs.

Conversely, we don't want to see gold put on a daily close too far below $1220.

Fred Hayek
May 26, 2016 - 12:42pm

There will be a Goldman call for gold that's real

I understand what Pining says when he says that Goldman advising to go long gold should give one apprehension.

But like Alan Greenspan suddenly making shockingly honest statements as an attempt to repair his destroyed reputation, there will be a Goldman call to go long gold which reflects an actual judgement that the price of gold is going to rise. They will have to have one to point to afterward. "We called it! Look at our advice to clients on xxxxxx"

May 26, 2016 - 12:48pm

POSX

This is The Big Kahuna. This is what it's all about over the next three weeks.

Not sure about the importance of the short-term down arrow but I feel pretty strongly about 95.20.

If the POSX starts to break down through 94 again, that 70,000 contracts of gold OI is going to come screaming back in.

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