That's right Mikey you heard it here first. I went long GG, KGC, AEM, and QMM today. If you're the technical guru you claim to be then you see the HUI is way oversold. BTW how can you compare Gold to the tech bubble when the whole HUI index is worth less than Google. Now when we see pennie stocks and juniors moving parabolic then we can say bubble but all the juniors and most majors are sitting near 52 week lows. I've been reading your post they seem to contradict themselves but that's what most touts do. I can't wait for your picks once football starts.
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To remove first post, remove entire topic.
That's right Mikey you heard it here first. I went long GG, KGC, AEM, and QMM today. If you're the technical guru you claim to be then you see the HUI is way oversold. BTW how can you compare Gold to the tech bubble when the whole HUI index is worth less than Google. Now when we see pennie stocks and juniors moving parabolic then we can say bubble but all the juniors and most majors are sitting near 52 week lows. I've been reading your post they seem to contradict themselves but that's what most touts do. I can't wait for your picks once football starts.
I am very bearish on gold. Near term target is 850ish. You should see a counter trend rally from there up to the 900-925 area before the next leg lower. I would have very tight stops and a strict trading plan if I were you.
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I am very bearish on gold. Near term target is 850ish. You should see a counter trend rally from there up to the 900-925 area before the next leg lower. I would have very tight stops and a strict trading plan if I were you.
Gold is worthless and what is a dollar? Gold is so worthless that it sells for 870 an ounce? What is worthless is our Federal Reserve running a non stop printing press and not letting these banks all fail. Whose perception? I don't know anyone that invest in gold and I know hundreds of investors. Study history during the Great Depression 1929-1935 DJIA scalped for 64% gold stocks on average tripled. If you are so bearish on the economy how can you also be bearish on PM's? For you chartist out there:
Notice how Gold 50DMA is in positive
alignment to the 200DMA, while both of these averages are rising. That
is the sign of a bull market in action.
Notice the RSI at the top of the chart has almost reached the 30 level
where it usually bottoms in preparation for the next rise.
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Clay,
Gold is worthless and what is a dollar? Gold is so worthless that it sells for 870 an ounce? What is worthless is our Federal Reserve running a non stop printing press and not letting these banks all fail. Whose perception? I don't know anyone that invest in gold and I know hundreds of investors. Study history during the Great Depression 1929-1935 DJIA scalped for 64% gold stocks on average tripled. If you are so bearish on the economy how can you also be bearish on PM's? For you chartist out there:
Notice how Gold 50DMA is in positive
alignment to the 200DMA, while both of these averages are rising. That
is the sign of a bull market in action.
Notice the RSI at the top of the chart has almost reached the 30 level
where it usually bottoms in preparation for the next rise.
You can recite what that gold tout said all you want to Palladium, the short term fundamentals of gold is down. It may or may not continue, but for the sake of my puts I hope it does continue for at least another month.
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You can recite what that gold tout said all you want to Palladium, the short term fundamentals of gold is down. It may or may not continue, but for the sake of my puts I hope it does continue for at least another month.
Sorry Palladium, GLD has closed below its 200 SMA for the last 3 days in a row. This was the first close below since Jan of 07. RSI or not, then is a very bearish signal. Both the 10, 20, & 50 SMAs are rolling over. There will be alot of overhead resistance to turn back in counter trend rallies. This is not your ideal long set up.
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Sorry Palladium, GLD has closed below its 200 SMA for the last 3 days in a row. This was the first close below since Jan of 07. RSI or not, then is a very bearish signal. Both the 10, 20, & 50 SMAs are rolling over. There will be alot of overhead resistance to turn back in counter trend rallies. This is not your ideal long set up.
... It is better to trade Gold than the stocks because the stocks will tip you off to what Gold is going to do . If you look at the charts of AEM GG ABX ASA NEM etc....you will see that they got hit way before the GLD did. The best thing to do is wait until the stocks tell you what to do and them buy the GLD not the stocks If you buy the stocks you are guessing if you just watch the stocks then after they tip off their hand then buy GLD it is alot easier
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... It is better to trade Gold than the stocks because the stocks will tip you off to what Gold is going to do . If you look at the charts of AEM GG ABX ASA NEM etc....you will see that they got hit way before the GLD did. The best thing to do is wait until the stocks tell you what to do and them buy the GLD not the stocks If you buy the stocks you are guessing if you just watch the stocks then after they tip off their hand then buy GLD it is alot easier
Gold is worthless and what is a dollar? Gold is so worthless that it sells for 870 an ounce? What is worthless is our Federal Reserve running a non stop printing press and not letting these banks all fail. Whose perception? I don't know anyone that invest in gold and I know hundreds of investors. Study history during the Great Depression 1929-1935 DJIA scalped for 64% gold stocks on average tripled. If you are so bearish on the economy how can you also be bearish on PM's? For you chartist out there:
Notice how Gold 50DMA is in positive alignment to the 200DMA, while both of these averages are rising. That is the sign of a bull market in action.
Notice the RSI at the top of the chart has almost reached the 30 level where it usually bottoms in preparation for the next rise.
Yeah, man, I can envision peeps walking around with "old gold coins" in a sack and paying at the check-out with these.
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Quote Originally Posted by PALLADIUM:
Clay,
Gold is worthless and what is a dollar? Gold is so worthless that it sells for 870 an ounce? What is worthless is our Federal Reserve running a non stop printing press and not letting these banks all fail. Whose perception? I don't know anyone that invest in gold and I know hundreds of investors. Study history during the Great Depression 1929-1935 DJIA scalped for 64% gold stocks on average tripled. If you are so bearish on the economy how can you also be bearish on PM's? For you chartist out there:
Notice how Gold 50DMA is in positive alignment to the 200DMA, while both of these averages are rising. That is the sign of a bull market in action.
Notice the RSI at the top of the chart has almost reached the 30 level where it usually bottoms in preparation for the next rise.
Yeah, man, I can envision peeps walking around with "old gold coins" in a sack and paying at the check-out with these.
I am still watching the Gold stocks ...when then bottom I will buy the DGP which is the double long Gold index. Let the stocks relative strength exceed the relative strenght on Gold then fire at the DGP
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I am still watching the Gold stocks ...when then bottom I will buy the DGP which is the double long Gold index. Let the stocks relative strength exceed the relative strenght on Gold then fire at the DGP
DGP is a double long gold ETF. it is more thinly traded. anything double leveraged will be problematic if it goes down. GLD could be an investment, while DGP should only be used to trade.
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DGP is a double long gold ETF. it is more thinly traded. anything double leveraged will be problematic if it goes down. GLD could be an investment, while DGP should only be used to trade.
DEP...Notice the Dividend Yield of 10% this is probably partial return of capital and is unsustainable. These kind of investments ALWAYS END BAD. AVOID IT !!!!!!
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DEP...Notice the Dividend Yield of 10% this is probably partial return of capital and is unsustainable. These kind of investments ALWAYS END BAD. AVOID IT !!!!!!
You are hilarious. People don't pay with dollars anymore either but that's not the point. How about this; instead of bashing me lets post our account returns 1,3,5,10 yrs.. I'll scan my statements and you scan yours. That will be the end of your talk I'm willing to wager I destroy your returns over all periods. I'm also willing to wager just based on your posts that my account is about 20 times the size of yours. You up for the challenge? or you just going to keep crying about the market and making pointless, sarcastic statements. BTW: my biggest holding the last ten years has been SF.
Quote Originally Posted by claycourtlesson:
Yeah, man, I can envision peeps walking around with "old gold coins" in a sack and paying at the check-out with these.
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Clay,
You are hilarious. People don't pay with dollars anymore either but that's not the point. How about this; instead of bashing me lets post our account returns 1,3,5,10 yrs.. I'll scan my statements and you scan yours. That will be the end of your talk I'm willing to wager I destroy your returns over all periods. I'm also willing to wager just based on your posts that my account is about 20 times the size of yours. You up for the challenge? or you just going to keep crying about the market and making pointless, sarcastic statements. BTW: my biggest holding the last ten years has been SF.
Quote Originally Posted by claycourtlesson:
Yeah, man, I can envision peeps walking around with "old gold coins" in a sack and paying at the check-out with these.
Mad? Hardly I picked up PAL @ 3.6 QMM @ 1.55, and GG @ 29.75. I am under water in CDE but not overly concerned. You however just talk a lot of BS and have no idea about the difference between investing and gambling. I'm simply pointing out that while all you do is cry, bash and talk bs in cyberspace you'd never be man enough to back up your bashing. I am glad you admitted you don't have a clue about investing and thus no clue about the PM markets. Judging by your 12184 post in a couple years I already know you have no life; so have a great no life .
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Mad? Hardly I picked up PAL @ 3.6 QMM @ 1.55, and GG @ 29.75. I am under water in CDE but not overly concerned. You however just talk a lot of BS and have no idea about the difference between investing and gambling. I'm simply pointing out that while all you do is cry, bash and talk bs in cyberspace you'd never be man enough to back up your bashing. I am glad you admitted you don't have a clue about investing and thus no clue about the PM markets. Judging by your 12184 post in a couple years I already know you have no life; so have a great no life .
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