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4God
Glad I sold my gold stocks yesterday, (abx) ,looks like a classic nose bleed from here , we shall see .
4god
I decided to sell off my gold positions today along with ALL my long stocks. After hearing granville and look at the sick volumes I am sitting on my hands .
What does the board think of going long at this juncture with SMH ?
Anyone playing oil stocks long these days, which stocks do you see as the best technically ? I thought VLO would be with its lower pe, but it seems to be breaking down .
Thank you for any replies
Bounce xe ?
Well, I heard a lot about a big bounce coming at 1087 and it didn't happen , then I also read load up the truck at 1082 area. well, we now know what happened to those guys . I would personally imagine there has to be some heavy overhead resistance going forward .
Bob 3 , whats brinker saying , I can't get in there to hear it.
Best regards
Well noted XE
I see what you are saying , however , with what's happening to oil I only see more problems coming at us . Did you go back short today ?
Question for the board
Where does the board see a bounce from the nasdaq ? From my side of the desk , this is not looking very promising, lack of volumes for one thing and to much bullish sentiment ?
4god / xe
If we break May's lows (closing) , I am going to the sidelines . Any thoughts ?
xe2
Thanks for your comments and posts, imho , this is not the time to be trying to go long. Sticking to a plan and trading it on a daily basis will definetly limit your loss , rather than holding overnight hoping for the tooth fairy to come . I just kept hearing summer rally, July being a good month etc. etc. , I guess I got caught up in it. Although with my mix of stocks I am holding I can see CNQ , TLM are showing some technical strength througout this recent carnage . However , my guess is , even the oil sector will be taken out at some point in time here.
Dimension /// 4God
I still don't feel much better, after looking at my account I believe I am looking at a 25K loss for last week . Hope I don't need more than a few beers to start feeling better. I am not one to stay to ""long"" at a party if you know what I mean.
4god
Well noted, I am on the same page, I have similar positions however its with NEM and BRCM along with some other oil stocks. I had a bad week last week , sold off a little with all the pain I was feeling . I don't like what I am seeing , in regard to gold stocks , I would prefer to see the dollar finally do its thing and get some issues over with first , then I would be comfortable holding gold stocks . However , with that said I am going to try and hold what stocks I have now .I am trying to do a swing with SINA at these levels long . This is a stressful time to be long for sure , now for that ice cold beer !!!
4God
I am to hot to work, you will need send me up a 6 pack, say @@@, how are you doing ? What is your position right now with the markets ? You still long gold , I wish I wasn't .
To the board
Don't take this the wrong way ( I happen to be long equities and gold stocks) , but , with all the charts and posting I have seen . Nobody is paying any attention to what oil is doing , or should I say nobody but the markets ?
Any comments appreciated, ready to pull the #@%&*
Lana
I think today was mostly about the price of crude. I am taking most of it off the table till this settles . I couldn't believe what happened to Cardinal .
Anyone thinking about going long PM now ?
Any comments appreciated .
Say Orange
How do you like those oil stocks around these current levels for a long bounce ? I went into them today eom.
Orange
I have tried swing trading this market and its been hopeless lately. I feel so much better just sitting on my hands. Take a look at the intraday on CNQ , this is what I see the internals are telling us about this market as we go forward. Seems its all manipulation , just waiting to take your money so you can be spit out. I am waiting for the right level to enter long , currently I am all cash .I am thinking maybe the gold stocks and gold will start to fall off soon here . What are you doing currently ?
THks
FluffyCat , do you have any thoughts on this market ? How about doing a long trade now that the market is getting a little harder here ?
Question to the board
Where do we need to see the VIX at prior to going long ?
Any comments appreciated .
Anyone have a site for the VIX and the DOW , showing both charts over the last while .
Thanks
Chi chi
Call me a fool , but I smell a rat in the hole , and the hole looks a little deep , maybe somewhere around 9500 first stage !
Say Chi chi
Great job you have been doing lately . I have been trying to trade this market, but it's been to difficult trying to get on the right side of a trade. This is a time to be sitting on your hands imho . Seems most everyone is trying desperately to play a bounce and it just doesn't seem to be there these days .
Chi chi
Do you think Ed downs is worth subscribing to ? I have been following his free posts over the last couple of months and found them to be very good.
Thks chi chi
Will keep my eye open , hope you are well and not taking this old market to serious. Seems its very difficult to trade this market currently, although I have been doing okay with my swings on energy , staying away from Raw Material stocks.
Best Regards
Anyone get the news on NBR , I missed it .
Thanks in advance.
James 4god
What do you guys see as the best GOLD - SILVER - ENERGY stocks to hold ? Personally I like CQN TLM in the energy sector the best as well as PCA.TO .
Bob
Would you buy at this level or go for IAMGOLD >?
Anyone buying WHT today ? Commments on the merger ? good - bad ?
Any comments appreciated.
TO THE BOARD (GOLD AND SILVER STOCKS)
What is the boards take on how gold and silver stocks acted on Friday ?
Any comments appreciated .
Question for the Board
What does the board think about gold and where its headed short term ? Does anyone see a sell off coming soon and then gold rolling around till election time and then starting up into a formal bull market. From my side of the desk, I don't see gold being in a full blown bull market, however , everything I read says next year it will be . The big question is, do we hold gold stocks or trade them ?
Any comments appreciated .
Bank of Canada
I remember when Germany made a similar announcement , seemed to me the U.S. $ reacted. I thought Canada made that announcement a few days ago , I believe its formaly done in a couple of days .
Messy???? ( I don't see it in the mining sector)
I just looked at the gold silver stocks, what does the board think abou this most recent bounce ?
Say @ 4GOD
Whats your gut telling you about gold and where its headed now ?
My thinking is if we can close on our highs, could be rock and roll ahead to 440 ?
Bob3 I like his article, I happen to agree with him, thanks for the posts .
Well chi chi
Looks like gold is getting a little perky again . Any thoughts about getting back on the train . Or are you thinking it's a little early just yet to jump back on ?
I will be adding to my silver positions if gold can pull up through 400 and close above it .
Did anyone hear what Lowreys had to say on CNBC ???
Thanks for any comments .
CHi chi
would you buy silver stocks at these current levels ?
thanks
Say CHI CHI
Whats your take on gold now ST , do you see this as a bottom , that could ride up into late March ? My take is , gold liked what came out on Friday, the G7 is over this weekend, I was thinking if the dollar starts to slide on Monday , maybe its time to boogy ?
Any comments appreciated .
Say on HL
I got a load of stock right now , I would like to add. However I wasn't impressed the way we cut through 400 on gold. Keeping my powder dry to see how we hold up at 385 or soooo !