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About LinkBacksIs today the day we blow through Gold:XAU 11.5 to a new all-time high?
This is a discussion on Thur Jan 31st - Minergeddon! within the The Lounge forums, part of the Bull Bear Talk Forums category; Is today the day we blow through Gold:XAU 11.5 to a new all-time high?...
Is today the day we blow through Gold:XAU 11.5 to a new all-time high?
Last edited by Poly; 01-31-2013 at 07:10 AM.
This could go on forever.Originally Posted by Bug
It's freaking disgusting. The real winners have been the streamers. Those pigs have the same business model as Mckinsey and they don't have to take on much real risk. If I owned a mine or a prospect and one of those SLW or SAND canvassers came calling I would stick my boot so far up their ass they would need a dentist to remove it.
Here are a few simple rules when buying miners:
1- don't invest in a company that dilutes shareholders ad infinitum like HL or GPL.
2- don't invest in a company that has struck deals with any of the big streamers
3-don't invest in a company that has a history of buying smaller miners at huge premiums like KGC and FCX
4-don't invest in a company with operations in Russia
"It's a miner and it is run by morons"
Devo - Speed Racer (Studio Version) - YouTube
Last edited by jay; 01-31-2013 at 04:09 AM.
Love the title bro.
I'm raising a toast right now - Miners to infinity and beyond
We make a living by what we get, but we make a life by what we give. ~Winston Churchill
Yup, going heavily into miners at the open.
Maybe gdx calls instead.
Looking at ag, ssri, ppp and goro.
Actually, toasting to NUGT to infinity and beyond!Love the title bro.
I'm raising a toast right now - Miners to infinity and beyond
We make a living by what we get, but we make a life by what we give. ~Winston Churchill
Good morning all :-)
For SPX fans: TFA@T: BEWARE!!!
And a long term SPX expectation: SPY : Long term expectation - ETF CORNER
Yup, the top is in dude.
If only I got a dollar every time I hear that...I would be able to give back to every person in the world 1 million USDs
We make a living by what we get, but we make a life by what we give. ~Winston Churchill
BIP
Hello Gang --
A US pension fund with nearly $2 billion in assets is considering selling its holdings in some of the world's biggest oil and gas companies because of the threat posed by climate change.
In what investor advocacy groups say would be the first divestment of its kind, the Seattle City Employees' Retirement System is to discuss on Thursday a request from Mike McGinn, the city's mayor, to sell out of companies including ExxonMobil and Chevron.
The move is one of the most visible results so far of a campaign spearheaded by Bill McKibben, the US environmental activist, modelled on the 1980s disinvestment movement that pressed South Africa to dismantle its apartheid system of racial segregation.
Mr McKibben, founder of the 350.org climate campaign group, wants universities, governments and churches to divest from what he calls "outlaw companies", whose coal, gas and oil cannot be safely burnt if the world is to avoid potentially dangerous global warming, according to climate scientists.
"These are no longer normal companies," he said in an interview. "There is no flaw in their business plans. The flaw is their business plans."
Does anyone have a list of some of the gold juniors that Rick Rule is holding in his fund... some of the small companies with enough cash on their balance sheets and strong management to get through the end of this disruption / bear cycle? Thanks in advance.
"Gold is money. Everything else is credit."
J. Pierpont Morgan
Morning to the East, to Europe and to the West
The XGLD weekly updated FreeStockCharts.com - Web's Best Streaming Realtime Stock Charts - Free
Crude. The Black Beast must continue to go down and, consequently, GDX and my NUGT entry position will go substantially up.
Spitz: This is up your alley with Sun cycles.
The Alternative Scenario Ŧ S O L A R C Y C L E S
The alternative scenario calls for commodities to have topped in 2011. Look @ the guys arguments towards it. Scary stuff.
XSLV daily outlook
My yesterdayīs road map XSLV daily_20130129 - Mickette's library
Todayīs road map. Tutti paletti
Forget the "silver deflationists" camp! They are only bashing the metal because they are scared to have missed the train. And they did it
Our friend JH Newman DID NOT
The insidious Side Trap pattern on $gold is over. XAU/USD is going up. C to D traject is underway (bearish Crab pattern is unfolding).
Nothing more to say when you look at it.
The SP-500 will correct but Iīm not interested to short it because the upcoming correction will be an intermediate one in a uptrend continuation.
Last edited by Mickette; 01-31-2013 at 12:42 PM.
XAU/USD (5 hours) outlook.
The bearish Crab pattern in theory for a better understanding of the situation.
Attachment 2434
Hi Mickette,
so you are expecting gold back above 1680 today?
At the moment we can see a light falling wedge formation. Most of the time, itīs a sign of a bullish continuation after a last UP movement.
Attachment 2436
Last edited by Mickette; 01-31-2013 at 07:55 AM.
John Hussman continues to write some really thoughtful research on the equity market. Hussman Funds - Weekly Market Comment: Capitulation Everywhere - January 28, 2013
"Its interesting that Alan (Abelson) mentioned historical points where stocks fall out of a bed in one fell swoop, as they did in 1987 and, more recently, the turn of the century. Because it just so happens that we can now restrict market extremes matching the present instance to seven instances in history: 1929 (at least on the basis of imputed sentiment data), 1972, 1987, 2000, 2007, 2011, and today.
The blue lines on the chart identify each point in history where the following overvalued, overbought, overbullish, rising yields syndrome would have been observed: S&P 500 overvalued with the Shiller P/E (the ratio of the S&P 500 to the 10-year average of inflation-adjusted earnings) greater than 18; overbought within 3% of its upper Bollinger band (2 standard deviations above the 20-period average) at daily, weekly, and monthly resolutions, more than 7% above its 52-week smoothing, and more than 50% above its 4-year low; overbullish with the 2-week average of advisory bullishness (Investors Intelligence) greater than 52% and bearishness below 28%; and yields rising with the 10-year Treasury bond yield higher than 6-months earlier. August 1929 can also be included, given that we can impute bullish/bearish sentiment with reasonable accuracy based on the size and volatility of prior market movements.
The market lost 85% between 1929-1932, lost over 50% between 1972-1974, crashed abruptly in 1987, lost over 50% in 2000-2002 and again between 2007-2009, and even lost nearly 20% in the less-memorable 2011 instance. Nobody cares. They should. They dont. Past performance is not indicative of future returns. This time may be different. I doubt it. Enough said."
Some food for thought for the equity bulls here.
"Gold is money. Everything else is credit."
J. Pierpont Morgan
Silver Train.jpg
Thank you Mickette for posting (and explaining) your excellent charts. I am aboard your silver train.
Dollar is key to gold.
Thanks Paul, I appreciate your comment line on my work. One person lately titled my charts as "nice". I didnīt know how to take it, as an affront, or a sign of superficiality.
Nice way to wake up in the east to Mickette and her informative charts
with a cup of coffee
Merci Mrs Maus
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
Thanks Mickette for your road map...I am in with Silver and Gold, looking for that D point to offload... Let it run baby, let it run!
wow, bhowe, no bloody metaphor this morning? I have to say that you freaked me out with this bleeding prostitute image couple of days ago....
Is this your attempt at switching off your computer?
Hi Sophia, it was not Bill but Norseman from Florida.
If Bug is any indicator, miners are clearly in the "wear you out" phase. Can't say I haven't felt the same at times lately. I agree that switching to metals here could be a huge mistake, if metals should rocket miners will go higher too, but it's also possible that metals play catch up to the downside which miner weakness might be suggesting. Best to sit tight, and if one is inclined to reduce exposure do it only into short term overbought conditions that always come around. For now there is no reason for me to buy or sell.
Hi Mickette
With the chart for SCO retracing 50% to the point "B". Doesn't that mean it must be a CRAB or BAT pattern? If so, the downside to point "D" is much more than where we are currently. Do you agree or have I made a junior mistake?
2013-01-31_SCO - wchowe's library
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
Gold over 1700 would put a floor in for the miners. Until then they trade like a lower low is on the way, I sure hope they are wrong..
oh, my mistake! sorry bhowe, I was puzzled as you are never so crude! merci Mickette for correcting
Hi Sophia,
It was me! Sorry if it bothered you. I used call girl, I didn't like prostitute! It was maybe a bad attempt to at comparing the red on my screen to "Jack the Ripper's" reign in White Chapel! And again it was me with the Norsemen's avatar. I thought you had a BEAR as an avatar?
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
I donīt agree about how you started the Fibonacci time ruler.
Move carefully my Fibo ruler, and the norm for a Bat is XA = CD = 0 to Fibo time scala FreeStockCharts.com - Web's Best Streaming Realtime Stock Charts - Free
A 2014 slv straddle is very cheap here no matter what one's opinion of the market is.
bhowe, you look like the climber.
The state in all its glory, ladies and gents:
Dan Quayle Misspells 'Potato' - YouTube
Potato-e. lol
Has CLSN made a major gold discovery or something?
I have taken a look at the option chains for this. Very interesting tell.
The market makers have been selling premium big time while retail has been gobbling up the stock.
Last edited by jay; 01-31-2013 at 09:53 AM.
naughty naughty....
yes, I had a bear for 10 days, but since I took it off, the market stopped rallying, so I won't put it back on for a while!!
I have an account with Rick Rule's company and only buy the private placements he puts together.
Wayne Campbell: No Way!
Garth Algar: Way!
Cool. Tell us more.
Morning Everyone!
For those who want to follow equities, the area to watch is 1496-98. If it drops below that, next stop is likely 13 to 15 points lower.
Have a great trading day!
Melinda
Those Who CANNOT Remember The Past Are Condemned To Repeat It. - Edmund Burke
The HUI has not had a monthly close under 400 since 2010.
Very very smart move.
If I may ask, how much do you pay for his service?
Gold is looking like it wants to retrace 100% of yesterday's breakout.
Don't follow me! My trading tools are a box of crayons, a magic eight-ball, and a big bottle of scotch.
Does he follow model portfolio?
Mickette, if it was someone from Florida, "nice" is an American colloquialism that means "outstanding" or "very well done".
So one would say - Mickette, nice charts, or your charts are nice.
"Sucks" is the word for an affront.
You and Jhnewman are right, metals could certainly continue up.
I was just taking multiple losses, so I figured I would change it up, take a gain, and step back a little.
I still have some silver and miners. Silver is a pretty good risk/reward, in that there is a clear place to exit, and the potential upmove is worth it.
Good call yesterday on the metals short, Spitz! It's not easy to go against the crowd. Go you!
Don't follow me! My trading tools are a box of crayons, a magic eight-ball, and a big bottle of scotch.
geez, i am seriously emotionaly drained
Your chart for SCO has tooo many possible patterns and FIBO to learn from . I must start with simple pattern. I will research, I cannot waste your time further.
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
I am too cynical and can't stand heights.
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
If you feel this way, then how do you think the average mook feels? And if the average mook feels a certain way....
I believe that if life gives you lemons, you should make lemonade... And try to find somebody whose life has given them vodka, and have a party. ~ Ron White
Hi BBT World,
Oil is starting to move down...
Reality can destroy the dream; why shouldn't the dream destroy reality? , George Moore
Jay
I'm confused by your comments. You have been preaching the worthless attributes of the mining community, and now you change direction? So, I must assume that you hate MOST miners not all. Who do you think are good miners and why?
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
Thank God!Hi BBT World,
Oil is starting to move down...
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
No, this is a great buying opportunity.
Because this site is not dominated by males with big egos and yet are too emotional and irrational and who can't handle an alternative view without calling names. This site encourage varies views and nobody is being put down. I have ran into males who think they are good trades/investors who put others (females especially, online and in real life), but are not nearly as intelligent, nor as intellectually developed, who can't control their emotions are well. I find none of those in this site.
Jay - In case it isn't obvious already, I am also a female visitor who loves reading and hanging around this forum. Would love to see the positive atmosphere continue.
Yes.
What if one bought yesterday??
RE: Private Placements with Sprott (Rick Rule)...... minimums are sometimes $10K-$15 per placement. The stock is restricted for a period of time, and you usually get a warrant that is dated out a year or more. Rick probably gets a finders fee from the company as well as stock/warrants, etc. I have done very well with these. I do not know how much I will speculate with over the next few years with him. I like my broker I work with and I feel they do their DD before reco'ing a company. If you buy/sell an "ordinary" miner you will pay a bigger commission than you would online, fyi.
Due to other projects I'm involved with I don't have time to spend researching these miners (like I should) so I let them do it and I don't mind paying for it (higher commission). They are pros.
Wayne Campbell: No Way!
Garth Algar: Way!
GDX on my buy screen. Bought NUGT.
Be not angry that you cannot make others as you wish them to be, since you cannot make yourself as you wish to be.
Yup, I hate most miners.Jay
I'm confused by your comments. You have been preaching the worthless attributes of the mining community, and now you change direction? So, I must assume that you hate MOST miners not all. Who do you think are good miners and why?
Off the top of my head, here is my personal list.
Good miners: ssri
ag
goro
lode (???) maybe, not sure
Bad miners: kgc
abx
hl
gpl
jag
hmy
auy
nem
etc
Poly,
thanks for your report last night. Very busy at work, but mainly playing with small positions. Long slv WITH 2014 CALLS and long DUST to capitalize on the gdx HUI fall to 39/370. From there i will reeveluate
personally I am not fond of the miners neither.
Wayne Campbell: No Way!
Garth Algar: Way!
Very poor showing by gold, giving up the 10dma like that, after it fought so hard to regain it.
Great trade on the gold short Spitz.
Markets can remain irrational longer than you can remain solvent.
AUY a bad miner. Aren't they the king of low cost producers? I have owned them at various times. I admit some good times, and other time they just wouldn't seem to move even though GOLD and GDX was moving up. Can you expand on AUY?Yup, I hate most miners.
Off the top of my head, here is my personal list.
Good miners: ssri
ag
goro
lode (???) maybe, not sure
Bad miners: kgc
abx
hl
gpl
jag
hmy
auy
nem
etc
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
Not for me. 10dma, gone.
Don't follow me! My trading tools are a box of crayons, a magic eight-ball, and a big bottle of scotch.
Here's the last time it was on. Not great, but no harm done. IF we are close to the end of this massacre, this should be it.GDX.jpg
Be not angry that you cannot make others as you wish them to be, since you cannot make yourself as you wish to be.
Looks like GDX just filled the gap from two days ago. With OIL moving down, this should be a good price to get in at. Stops close.
2013-01-31_GDX - wchowe's library
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
wait 3 days and you'll be in the money. I bought on friday long term as I posted on here. that's it for 18 months on gold for meWhat if one bought yesterday??
DG, thanks for sharing your observation. If you bought here, what would your stops be?
Not letting go this time until my next turn date - Feb 4.
Chasers will be punished.
The planets and an egg tell me how to trade so you sure as heck don't want to follow me either.
I would set a stop at $41.38 just below the low from three days ago. If it goes lower than that all bets are off. Literally.
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
RollerCoaster! OMG
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
why did you have to be right Spitz?
spitz, well done....
What % position is it please? Trying to gauge your confidence level. TIA
100% sharing your opinion.
Donīt try day trading. With all this volatility you could get badly burned at the end of the day.
I should have done this to start the year and then turned off my computer. Same result.
Thing is, the miners have been holding up a "Coming Soon To a Theatre Near You" sign re: the metals.
Don't follow me! My trading tools are a box of crayons, a magic eight-ball, and a big bottle of scotch.
0.75 liter of vodka. At once.
That was close! Didn't go below the $41.38 price now turning up.
"Time is a great teacher, but unfortunately it kills all its pupils."-- (Louis) Hector Berlioz
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