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all "OP" did was rearrange the deck chairs on the titanic
--and if Landis is right, and he's back-- then there's needs to be new management, as Zabel says, heads need to roll.
loved your post-- but your hopes that everyone else's Turkey Day rides was somewhat lower stress and less "interesting"
was easily achieved just by looking at my weather forecast.
http://weatheroffice.ec.gc.ca/city/pages/ab-50_metric_e.html
The only good news in this, is that this cold weather zone is finally moving South-East-- I should be riding again by Thursday if they've cleared enough of the snow away from the bike routes.
Radioactive Stocks
http://www.fool.com//news/commentary/2006/commentary06112439.htm
check out FO.V --the volume is really picking up.
or are you now working on a new limerick...?
Kip???
more lyrics...???
yes, extremely unfortunate-- when will the bad news ever end in this sport...?
I'm trying to be delicate here, but... hopefully, he died doing something he loved.
DENNIS GARTMAN'S NOT-SO-SIMPLE RULES OF TRADING
1. Never, Ever, Ever, Under Any Circumstance, Add to a Losing Position... not ever, not never! Adding to losing positions is trading's carcinogen; it is trading's driving while intoxicated. It will lead to ruin. Count on it!
2. Trade Like a Wizened Mercenary Soldier: We must fight on the winning side, not on the side we may believe to be correct economically.
3. Mental Capital Trumps Real Capital: Capital comes in two types, mental and real, and the former is far more valuable than the latter. Holding losing positions costs measurable real capital, but it costs immeasurable mental capital.
4. This Is Not a Business of Buying Low and Selling High; it is, however, a business of buying high and selling higher. Strength tends to beget strength, and weakness, weakness.
5. In Bull Markets One Can Only Be Long or Neutral, and in bear markets, one can only be short or neutral. This may seem self-evident; few understand it however, and fewer still embrace it.
6. "Markets Can Remain Illogical Far Longer Than You or I Can Remain Solvent." These are Keynes' words, and illogic does often reign, despite what the academics would have us believe.
7. Buy Markets That Show the Greatest Strength; Sell Markets That Show the Greatest Weakness: Metaphorically, when bearish we need to throw rocks into the wettest paper sacks, for they break most easily. When bullish we need to sail the strongest winds, for they carry the farthest.
8. Think Like a Fundamentalist; Trade Like a Simple Technician: The fundamentals may drive a market and we need to understand them, but if the chart is not bullish, why be bullish? Be bullish when the technicals and fundamentals, as you understand them, run in tandem.
9. Trading Runs in Cycles, Some Good, Most Bad: Trade large and aggressively when trading well; trade small and ever smaller when trading poorly. In "good times," even errors turn to profits; in "bad times," the most well-researched trade will go awry. This is the nature of trading; accept it and move on.
10. Keep Your Technical Systems Simple: Complicated systems breed confusion; simplicity breeds elegance. The great traders we've known have the simplest methods of trading. There is a correlation here!
11. In Trading/Investing, An Understanding of Mass Psychology Is Often More Important Than an Understanding of Economics: Simply put, "When they are cryin', you should be buyin'! And when they are yellin', you should be sellin'!"
12. Bear Market Corrections Are More Violent and Far Swifter Than Bull Market Corrections: Why they are is still a mystery to us, but they are; we accept it as fact and we move on.
13. There Is Never Just One Cockroach: The lesson of bad news on most stocks is that more shall follow... usually hard upon and always with detrimental effect upon price, until such time as panic prevails and the weakest hands finally exit their positions.
14. Be Patient with Winning Trades; Be Enormously Impatient with Losing Trades: The older we get, the more small losses we take each year... and our profits grow accordingly.
15. Do More of That Which Is Working and Less of That Which Is Not: This works in life as well as trading. Do the things that have been proven of merit. Add to winning trades; cut back or eliminate losing ones. If there is a "secret" to trading (and of life), this is it.
16. All Rules Are Meant To Be Broken.... but only very, very infrequently. Genius comes in knowing how truly infrequently one can do so and still prosper.
On energy-- not a bad week considering the volatility.
XEG.TO was up 2% on the week-- leaving the weekly chart with a Bullish Engulfing Pattern.
Very bullish on drillers, specifically the ones that are levered to gas drilling in Canada ... SVY and TCW are my favorites.
My two favorite small caps are BVX (bullish consolidation) and OIL, both stocks are moving independently to the PoO-- IMO, they should be bumped up to the top of your watchlist in case they do break-out.
I'm still bearish on crude, but not the stocks, which happen to be leading the commodity.
of course I follow all the big caps-- but I follow them using T/A only.
-- some people prefer to buy twenty or so small caps and hold them for the long term by understanding the fundamentals. I prefer taking large positions in big companies and using max-margin in order to catch small 5% moves by understanding the technicals.
-- in bull markets, I position myself as either bullish or neutral. In bear markets, I position myself as either bearish or neutral.
In regards to gold, I'm neutral-- I won't do any buying until it's technically safe to do so. I'm not shorting gold stocks because we're in a bull market which leaves me in a state of neutrality.
Why am I neutral...?
Because I was selling on Friday, we gapped up first thing in the morning, and whenever we gap-up without follow-through I automatically sell. IMHO, the selling persisted, abeit lightly throughout the day.
Colour me neutral, since my goal is to capture small moves with highly margined positions.
..but I do consider gold stocks in a bull market because;
- the 20-35-50-day MAs have reverted back to the positive.
- the XGD.TO is trading above the 200-day MA
I thought maybe they misquoted him, but eurosport ran with the same quote-- hell of an admission to make...!
So now that we have both Basso and Hamilton back-- all that's missing is Ullrich and Landis.
I've read that Jan will be cleared in a matter of days-- and we all know that Floyd is clean, right...?
Sooooo, Ullrich to Tinkoff-- Landis to T-Mobile.
It's like nothing ever happened.
ahhh, now I know where these lyrics are from...Godsmack...!
relax, as long as you perceive that life is good, then life is good.
...and that's the secret.
http://thesecret.tv/
yeah, I hear ya-- I'll comment on Andy's post sometime after the painkillers wear off ... I threw my back out a couple of days ago shovelling snow.
which makes even more ironic that energy stocks are soooo lazy.
[life's a paradox with a twist of irony]
anyway, your post-- that was freaky, as I started reading the lyrics, I found myself singing Fight The Good Fight by Triumph, it was only when I hit the chorus I realised I wasn't hallucinating.
-- I can pretty much summarize that article with 2 cut/pastes.
from part 1
Western oil majors were already losing their leadership of the global oil system, had now been reduced to controlling a mere 9% or 10%
...and from part 2
the comparatively more rigid bilateral long-term supply contract is making a significant comeback on oil markets.
which means that 90% of the worlds oil is in the hands of hostile, anti-free markets, anti-democratic regimes.
fun-fun-fun
thanks for posting.
...as a paid subscriber to Velonews, I was asked to participate in a survey about doping in pro sports.
-- once I finished it, I came away thinking that there's 3 major problems with sports;
politics, money and drugs
When money is introduced, so are "politics"-- and the lawyers, the doctors and middle managers that define the political agenda, all with their nose buried firmly at the trough.
We'll never get drugs out of the sport because you have both the "politics" of a clean sport (to ensure funding from sponsors) against the "politics" of winning at all cost (to ensure funding from sponsors) ... and with the introduction of politics we've driven out the most important thing, the morality of the riders.
to recap;
You have science vs. science, the science of eluding the scientific tests ... and you have lawyer vs. lawyer which in turn obfuscates the real reason why we love the bicycle.
corruption vs. corruption.
I don't see any easy answer for sports in general-- other than riding away from it completely.
...in Lemond's latest campaign to get the message out, he estimates that EPO gives you a performance increase of 30 percent.
http://www.cyclingnews.com/news.php?id=news/2006/nov06/nov21news2&from=rss
there you go... great...!
okay remove the http:// and replace it with [chart ] and end the address with [/chart ]
no I can't see what you did wrong-- I can only guess.
here's my guess:
copy and paste the image location, and not the web address at the top of your browser.
yes, I did read your post correctly-- I could say the same thing to you, but I wont. Best I can tell is that we agree, but differ on perspective.
Here's my point-- I think we agree that the racing is competitive. If it's competitive then:
-- all the riders are doped
or
-- all the riders are clean
There's no in between because according to Greg Lemond-- EPO, steroids and HGH will turn an average rider into a superstar. Yet we agree that the races are competitive...?
Now when you write a congratulatory post about Thor or Zabel or who ever else is yapping to the press about Basso or Ullrich-- you do it without thinking about their motivations.
What is their motivation...?
Was it because Ullrich slept with there wifes...?
Maybe they are thinking if the UCI offers a couple of sacrificial lambs, the public at large will think all is well...?
And continue business as usual...?
You just don't know why someone yaps.
you need proof.
...and they haven't done that in the eyes of the court, maybe your eyes, but not where it matters most.
...and this little tidbit from VN
Noted Bruyneel: "A French prosecutor announced an investigation of Lance Armstrong in January 2005. Just this month, 22 months later, he announced that he was dropping the case. Under the Code of Conduct, would we have had to sideline Lance from the 2005 Tour?"
http://www.velonews.com/news/fea/11223.0.html
yes it does-- I use a Mac exclusively for this site.
did you click "Linkable Version" before right clicking "copy image location" for the charts address...?
the chart below was posted using Camino-- but I'm pretty sure you can use Safari or any other web browser that comes to mind.
What I'd like to see is the golds get hammered until tomorrow afternoon-- and then give me a reversal that I can bite on.
otherwise, I'm just fine holding onto my energy stocks.
that said, I wish I would of added some copper stocks-- they too hit my scan list on Friday but volatility and the overall bearishness of the economy(s) left me a bit shy.
...just look at CHN, not bullish for base-metals.
ohh, well...
An Interview with Eric Sprott Of Sprott Asset Management
David Pescod's Late Edition -- Canaccord Capital Corporation
(From November 10, 2006)
David Pescod: One of the big questions out West here, is with income trusts almost as good as gone, you’ve astutely avoided that sector. And it might destroy some of the liquidity in the oil and gas sector. Any thoughts on that?
Eric Sprott: I think it will affect liquidity. One of the things I was always a little bit skeptical of with income trusts and the majority of trusts (if you will) are that you start out with a company that’s worth “X” and you dress it up in income trusts clothing and it’s worth “1.5 X”. I was always a little skeptical of that and that’s pretty tough to create that value into believing it’s sustainable and even if you do change it from “X” to “1.5 X”, you probably don’t have the growth characteristics that you might have had if you still traded like “X” because now you are paying out all your cash flows. So I haven’t been a big believer in trusts lately and I fully believe the whole unwinding process that we have to go through here (you have to go from 1.5 X back down to 1 X).
D.P: For following the oil and gas sector, we’ve certainly learned in the last year that natural gas prices are almost totally changed by weather forecasts. The gas sector has been hurt. What are your thoughts as we look forward to next year?
E.S: We are very keen on natural gas, because I see what’s going on, out in the field. And what I mean by that is we have rig counts in Canada that are way down, we’ve got a number of major producers that have said they are going to cut back on their Cap Ex. A very usual thing with the natural gas market is that the production rates of the first year are so important or the corollary of that is that the reduction after the first year is so important. If all of a sudden you stop drilling wells, your production is going to fall. In fact, I saw a piece by First Energy and it said that if we went back to let’s say drilling the same number of wells we drilled in 2000 in North America, that gas production would fall by 30%! Because the first years production becomes so important, so you are on this tread mill where you have to keep drilling just to stay still. I use the analogy in Canada that we drill 20% more wells, we spend 20% more per well, but we never get any production increase.
That’s a formula for disaster, sooner or later because you can’t keep spending 40% more on something every year and not get more output. I think we are going to see a decline in gas production which of course then affects our exports, which then will help to resolve this supposed surplus of natural gas that we have in storage.
D.P: What would your crystal ball say for oil and gas prices for Christmas of 2007?
E.S: I would just say higher. I would guess that gas has a little more in it than the oil does, simply because gas got beaten up here and maybe the whole Amaranth thing over-extended the decline. Plus of course, we had an incredibly mild winter last year. I always hope for just normal weather. If we get normal weather then these products, these hydrocarbon products will go where they all should go. We are upbeat on hydocarbons, we think we are at peak production here for oil in the world, so I suspect that prices will be higher and do I think oil could be $80 to $100? Sure it could be, by December of 2007. Could gas be in double digit numbers again? Yes, I certainly would think so.
D.P: Your Fund has been one of the top performing funds in Canada if not the world over the last while, mainly because of your faith in commodities (uranium, gold and the like). If you had to pick your favorite commodities right now, which would they be?
E.S: Obviously, we’ve been very well rewarded with gold and silver over the last six years. We still love the precious metal but for totally different reasons than we would like for example, uranium and gas and oil. There’s hardly any commodity that we are not involved in. The one I can think of is aluminum, but most of the metals we look at pretty positively on. We also think we might be in a bit of a Malthusian situation in the world where we have all these new consumers coming into the world who have more money (China and India) and the resources are limited. I would think that a lot of metals will do well here. I think everything will do well.
D.P: Regarding this boom, the question is, how much longer it can go. Jimmy Rogers is figuring about 15 years. What would be your estimate?
E.S: That’s a tough one. I define the world into two parts now. There’s North America, which is going to be in downtrend for sure. I just see the U.S. economy slowing down remarkably. If you look at what’s happening with housing and autos, even on the active retail level, it really is slowing down.
Whereas the rest of the world seems to be going to its own beat here and of course its own beat in the case of many countries is a very strong increase in GDP, whether it’s Russia or South American countries, India or China there’s a lot of growth going on. I think the trend will continue until there is some sort of collapse that goes on in the world, which we don’t foresee. We see a problem in the U.S., but I think the world might be able to deal with it and take it in stride now.
D.P: Of your picks in the last interview we did, Delta Petroleum is up almost 66% in just a few months. We are very appreciative of that, but there hasn’t been a lot of news out on the company.
E.S: There’s a lot of chatter going on if one looks at some of the chat lines here. They are involved in three major hydrocarbon plays. The one that we invested in initially was for the Columbia River Basin in Washington. Encana has completed the first well, they are currently testing it and the beauty of the basin-centered gas plays is that if you hit on the first well, you can almost imagine that you can hit on the whole play. It’s just gas that’s in rocks, so it’s called an “unconventional play” and we will be able to jump to some conclusions very quickly as to how effective it could be for everyone. Another play is what they call the Paradox Basin and where they announced a blow out because the downhole pressure was too high. There was no damage fortunately, but it looks like they might have a pretty significant gas discovery. In the third play they are just starting to drill called the Utah Hingeline and I believe they spudded their well down there and I think it could drill in some- thing like 45 days. So we could have a lot of company-making news come out in the next three months.
D.P: Another gas story that has surprised some people that you’ve done quite well on and we are glad we followed it is Corridor. Natural gas in New Brunswick of all things! Pretty exciting well starting in about a week...
E.S: Most people think that all the oil and gas is in Western Canada, but there has been some significant plays all along the East Coast. Talisman has big operations in New York State and then you move up into New Brunswick and Corridor has some very interesting properties there. They hope to bring a new pipeline I believe in early 2007. It’s been a great win for us and I think there is a lot more gas to discover. Some have suggested they might have recoverable gas in place of around 1 Trillion cubic feet. In today’s world that is worth about $1 billion. With that kind of reserve base it would allow lots of upside from where it is. They are drilling a deeper well to a new zone called the Dawson Settlement. They could get 5 T’s of gas. Now that is huge, but these are things that can dramatically change the perception of a company with one major success.
D.P: Another story that hasn’t gone quite straight forward has been Falcon Oil and Gas, half a billion shares outstanding and not one well completed yet.
E.S: They completed the well but they haven’t tested the well yet and I gather they should begin testing probably soon, I believe the end of November. So we are not that far away. From all reports that we have been able to get, it looks like they should have some dynamite wells there. It’s a new company and people shouldn’t rush into believing all the stories, particularly because there are no official results, but I think when the official results come out, people are going to stand back and be (I hope) very impressed by the test results. Again, there were some estimates done by a group suggesting that the recoverable could be something like 40 Trillion cubic feet of gas. That would be worth a lot of money to the shareholders of Falcon Oil and Gas.
D.P: Now this is a bit of an awkward question, but it tends to focus on things...if you could buy only one stock today, what would it be?
E.S: I would probably buy Delta Petroleum. I just think there is so much upside here. I am not buying the stock today, because I bought it a couple of years ago, and I’m happily long, but I do believe they have three world-class plays going on and any one of them, could cause the share value to change quite dramatically.
D.P: Are there any other favorite stories you’ve got that you should mention?
E.S: I can tell you that we are looking into some of these strategic metals like molybdenum and tungsten and a few others, but there is nothing I can suggest that is new and exciting there yet.
D.P: Where do you think the stock market is going as a result of the recent election?
E.S: I’ve been a bear for a long time in the U.S. market and I would think with the Republicans having lost the election and watching what the dollar is doing here (it’s almost literally in free fall these last couple of days) if that continues, we should all be monitoring that dollar very carefully here. We had somebody from the Central Bank of China talking about diversifying out of the U.S. dollar – well, we all can’t diversify out of it and not have it go down a lot. So, that would be the one thing I would really be watching – the U.S. dollar and the U.S. stocks if people lose confidence in where they are going, we could have a bit of an issue.
D.P: That would be good for gold?
E.S: That should be good for gold, yes.
D.P: Thank you very much, Mr. Sprott!
China’s African Adventure
http://www.nytimes.com/2006/11/19/magazine/19china.html?_r=1&ref=business&oref=slogin
K... there's more news on the wire tonight about OPEC production cuts, cold weather and rising gasoline prices ... but if we open too hard at the open and gap up, I'll probably sell into it-- if we gap down I'll probably buy.
-- don't forget, Monday morning on a shortened trading week-- it'll be volatile just because the trading volumes will be lighter than usual.
...should be fun <sigh>
oh, by the way, I noticed Cameco is finally breaking out to the positive-- I now consider them the anti-uranium stock, because if they ever announce something good to the market they'll tank the uranium sector.
I'd be careful with that one.
Manolo Saiz not cleared...? Then why would they grant him a protour license...?
Saiz was implicated in the Operacion Puerto blood doping scandal in his former role as manager of the Liberty Seguros team, though the UCI insisted they were unable to deny him a licence, as his role in the affair could not be proven.
http://www.eurosport.com/cycling/pro-tour/2005-2006/sport_sto997275.shtml
...and Santiago Botero...?
The Colombian Cycling Federation said Saturday night that documents pertinent to Botero's case, provided by the International Cycling Union's anti-doping commission, offered no evidence the cyclist had engaged in blood doping.
http://sports.yahoo.com/sc/news?slug=ap-boterocleared&prov=ap&type=lgns
...and from Cyclingnews a list of CLEARED riders:
http://www.cyclingnews.com/news.php?id=news/2006/oct06/oct29news
...and the story below the CLEARED list is worst than snake-oil, it's bullshit...!
There isn't anything they can go to court with-- and all they've done is push the drug problem (if it even exists) deeper underground. All they've accomplished so far is to destroy reputations and create strife and division among the very riders they're apparently trying to protect.
...and yes, Zabel is correct in saying:
"In view of the development of this affair perhaps heads should roll within the UCI or WADA."
http://www.eurosport.com/cycling/pro-tour/2005-2006/sport_sto1007673.shtml
I get a kick from some of these weather news stories, they seem to contradict themselves hour on the hour-- let's hope that this sticks all the way through Monday.
NYMEX natgas ends higher on concerns about weather
NEW YORK, Nov 17 (Reuters) - NYMEX natural gas futures
ended up sharply on Friday, backed by short cover ahead of the
weekend on concerns that weather forecasts were turning colder
despite record high inventories and weaker crude, traders said.
December natgas <NGZ6> on the New York Mercantile Exchange
climbed 42.4 cents, or 5 percent, to close at $8.179 per
million British thermal units after stalling late at $8.25,
just shy of the three-month spot high of $8.26 hit last week.
Other winter months also gained, with February <NGG7>
ending up 37.4 cents at $8.674.
"The market is very weather sensitive. There's a lot of
anxiety about the erosion of the storage surplus, but when we
come in Monday, if we're still looking at mild weather, you'll
see prices come right off," said one southern-based trader,
noting prices stalled today at technical resistance.
Traders noted the gas market mostly shrugged off another
loss in crude, which shed 45 cents a barrel today after a $2.50
slide on Thursday.
While most traders agreed Thursday's 5 billion cubic feet
weekly natural gas stock build was in line with expectations
and neutral, they said high levels of gas in storage remained a
problem for the bulls.
The U.S. Energy Information Administration report showed
that total domestic gas inventories of 3.45 trillion cubic feet
were still at their highest levels ever for this time of year,
according to weekly derived data.
The huge stock surplus to year ago was cut by 49 bcf in
that report, but traders noted that overall storage was still
176 bcf, or 5 percent, above last year, and 238 bcf, or 7
percent, above the five-year average, a sizeable cushion that
has eased concerns about having adequate supplies this winter.
Early withdrawal estimates for next week's EIA report range
from 1 bcf to 32 bcf versus a 1 bcf adjusted build for the same
week last year.
Despite the pre-weekend run up, many traders remained
skeptical of the upside, expecting moderate weather, record
high storage and the end of nuclear plant maintenance this
month to temper buying until a broad-based cold front arrives.
After a mild week this week, temperatures in the Northeast
were expected to cool to below normal over the weekend and into
early next week, then moderate to near normal or slightly above
for the holiday weekend, according to the AccuWeather Web site.
Cool Midwest readings this week will mostly climb to above
normal late this week and next week,
Traders said that demand next week should be light
regardless of weather, noting many schools and businesses
typically close for long U.S. Thanksgiving holiday weekend.
The National Weather Service eight- to 14-day outlook
released on Thursday called for above normal temperatures for
most of the nation, except in the Southeast, Florida and
Northwest, where mostly seasonal readings were expected.
Meanwhile, U.S. nuclear plant outages early Friday stood at
about 5,200 megawatts above last year and about 600 MW above
the five-year average, according to Reuters data.
With the bulk of nuclear plant maintenance now over and
demand for gas-fired replacement power slipping, traders said
colder weather was needed to tighten the supply-demand balance.
Chart traders agreed the market seemed stuck in a broad
technical range between $7 and $8.50.
Above last week's three-month spot high of $8.26, December
resistance was pegged at $8.50, with major selling expected at
the prominent spot high of $8.619 from August. Support was seen
at $7.50 and then at the $7.06 low from two weeks ago.
In the cash Friday, Henry Hub weekend quotes lost 36 cents
to $7.23, with late deals weakening to 75-80 cents under NYMEX
from a 55-cent discount on Thursday. Prices on Transco at the
New York city gate shed 28 cents to $7.82 despite the cooler
weekend outlook, while Chicago was 31 cents lower at $7.23.
The NYMEX 12-month Henry Hub strip jumped 32.3 cents to
finish at $8.331. Henry Hub open interest on Nov. 16 fell 3,134
lots to 905,574.
In energy, I think it is, many hollow red candlesticks are showing up in my charts-- and good up volume on XEG.TO
Gold stocks-- I'm still bearish short-term ... it's still too ugly for me; I see follow thru for the short side.
Lots of gloom and doom
...and understandably so, yesterday had to be the ugliest day I've seen in the gold sector.
Addictive lifestyle, no?
well, it's gambling-- I like to gamble, but luckily I have trading rules that govern my addiction.
I stopped out of Bombardier about an hour after I bought it-- and I just sold AMD to buy back my position in VLO
-- I also bought CNQ, TLM, SVY and took a flyer on UTS
we shall see.
yeah, he was saying 40% less drilling-- 25% well depletion rates.
I knew that, it's reflected in the Canadian storage numbers which are close to being at a 5-year low.
just in case you missed it:
7:00 PM ET
Market Call Tonight with Michael Hainsworth
Energy stocks (except trusts and service companies)
Josef Schachter, president, Schachter Asset Management
http://www.robtv.com/shows/past_archive.tv?day=wed
I also added AMD -- but it's major laggard
buyer beware.
well, us small guys who panic first have smaller loses.
anyway,
going against what I said to uncle Dave yesterday-- I bot Bombardier
CAE looks good here too.
...and I'll be charting the airlines seeing if there's something left to buy.
good advice-- but I'll probably be back on Monday.
actually, next week is a shortened week-- US markets are closed for Thanksgiving on Thursday.
What falsehoods...?
The only thing I can see is that you don't like someone with an opposing view.
...as for enlightening the UCI -- I think that's what Ullrich and his team of lawyers are doing, no...?
pull up a 6-yr, weekly chart of XGD.TO -- you'll then see what I'm seeing.
let me make one thing clear-- I've been bullish on the $US, the euro (and the swissy) topped out last Friday ... still waiting on the $C to finally collapse back to $0.85
I think gold will test $550 (again.)
I think oil will finally test the lower channel-- $45
hey lady-- it over, fucken done.
check out the rounded top on XGD.TO + massive volatility + today is an outside day + the massive volume
my nerves are shot, can't trade this shit anymore
100% cash...!!!!!!!!!
this is the highest volume day I've seen on USO