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Paper dump continues.
It's 11:30am and I need a drink.
I wonder where gold will be by the time we see anything actually happen that is being said the reason (ie import taxes on china) Gold will rise.
Like you said everything takes time.
Its quite possible pressure on gold could remain for a while until the markets let up on this euphoria.
I must sound like a "glass half empty" guy.
So what now? Blew past 1250 like a hot knife through butter.
I understand completely.
I hope to get enough out of it that I can get my Inlaws some nice appliances.
It will make my Mother in law very happy and in return make me happy thus enriching both our lives.
I have my fingers and toes crossed.
Have been trying to get some cash to buy my inlaws some appliances for a kitchen reno I am doing for them and the way gold has been I have been unable to get any profits. Now solidly in the red :)
I am just worried we break key support on gold before the market figures it out.
I was watching gold prices during the election and was thinking if only the market were open during this, would have loved to have gotten out of some of my gold plays.
Same thing happened during Brexit. Overreaction.
Would have loved to have some cash on the side when Gold finds the bottom.
Took a pretty bad hit today on my miners.
Market is all about speculation. Right now you it is feeding on the Trump win and what he has promised IMO.
Huge infrastructure spending which will create a ton of jobs.
Big military spending.
Deregulations which will be huge for the big banks.
Kill obamacare so everyone will have more money to spend.
You can go on and on.
Ho long will the euphoria last. Dow 25K?
Now, nothing is free. What will it cost to get all the above if it does happen.
Who cares about the Debt of the country. Not wall street. Keep spending baby! Its all free.
Thoughts on this Matt?
He does not say the reasons he has owned and now does not like...
Stanley Druckenmiller says all the reasons he's owned gold are ending - http://www.cnbc.com/2016/11/10/stanley-druckenmiller-says-all-the-reason-hes-owned-gold-are-ending.html
Hope you are correct. Have been loaded huge for months now waiting... up down, up down...
I thought Trump was for raising interest rates... in his debates he was saying they were artificially being held low.... it was part of his "rigged" thesis. Does not make sense now that he has won that he would want rates to raise due to his businesses, but that was what he was saying.
Very good chance this is true..
New commander in chief is not going to let that happen now :)
Saying it is because shift from cars to SUV's. Layoffs at plants that manufacture cars.
DOW down briefly 700..
Trump takes Ohio.
Only problem is how long can they keep up the front that everything is great. They have been doing it for years while people saying "this is it"..
How many years can they continue keep propping the markets up I think is anyone's guess. If you were told 2 years ago we would be here, what would you have said.
Maybe after election Market goes on a run the next 5 years.
Dow @ 20K.
Who the hell knows. Hopefully us little peons will get some scraps from what the crooks decide.
I hate to get in a discussion of politics because it can be just like religion; people are very passionate about what they believe in.
I want to ask something though about Trump.
Lets take the Cuban missile Crisis. Maybe I am wrong or don;t recall actually what really diverted the situation from escalating, but wasn't it diplomacy or some good negotiations that diverted a potential nightmare? Or was that just the media.
From what I recall or read, that situation could have become nasty; weren't we on the brink of what could have been nuclear war?
What do you think would have happened there if Trump were president back then? The guy scares me. Maybe I am wrong and think the President has more power than he actually has. He doesn;t seem to want to listen to anyone?
I am just asking, like I said I hate to discuss politics because it is pretty much like religion; people are very passionate about what they believe in regardless of if it is correct or not.
"Buy the rumor". Latest rumor is Hillary will now win due to the FBI thing. lol.
Forget where I was reading, said that the policies that both of them are saying they will bring would both cause gold to rally.
If gold was up today I was going to pull half of my gold off the table, miners are probably going to take quite a hit @ open so looks like I will have to ride it all out now and see what happens.
Need FBI to reopen on Hillary again.
Not near computer. Any idea where support is?
Wonder if at this point if I should sell some or just hold.
I wonder if the fact that DRRX is taking a hit right now, how much DRRX would actually drop if the Data coming up was not that good.
Possibly a good Risk / reward for DRRX right now based on the current hit?
Or are we looking at an additional 60% haircut from where it is trading pre-market if data is bad?
Nice. g/l!
Blog is from July 23?
Nice. Thanks for the reply!
What is your strategy for how much you put in each play?
Do you determine initially for each play how much % of your total capital you are willing to risk or do you do an equal % for each play?
If you allocate differently to each play might I suggest something like adding a % of your capital that you are using for each play. That way followers should be able to gauge your confidence level in a play and if they wish to follow, they can better judge how much they are willing to put into a play. I find this seems to work well for other boards I follow.
Thanks.
I am showing a close on Friday of 37.5
Opened this Morning @ .40.
Gap?
Actually on the minute chart I am seeing it trade @ 39.9 EOD on Friday so looks like no gap...
And just when gold rises due to this, the powers that be dump the paper that is supposed to reflect gold...
Maybe I am disillusioned right now, but unless the big guys actually want gold to rise in a market correction, i am not sure it will simply rise if the market corrects.
Remember those huge dumps just recently? Did that make any sense?
Pull up the charts on all of these 3x / 2x ETN's (TVIX, UGAZ, etc). They all R/S. It's the nature of the way they depreciate over time. You will never win if you treat these as long term investments. You can make money if you know how to time them. I obviously do not (lost lots over the years) and steer clear of them. Every one of them will R/S over time.
Gold $1318?
Guess another bloodbath for miners today unless she corrects herself before open.
Yep, one person's junk is another person's treasure they say. You would not believe the stuff I have put out on the curb thinking there is absolutely no way someone will take this.
In some cases I do not get to my front door when someone pulls up in a car and grabs it.
It's really a hoot when they pull up in a small car and try to get large stuff to fit. You watch them disassemble the item to get it to fit. I swear it would be worth $5 in a yard sale and they will spend 20 minutes taking it apart to get it to fit. And these are people driving decent vehicles. I don;t get it...
Of course I am the type that will not line up at the gas pump to save a penny and there are cars on the street in line. I am like "15 minutes in line running my engine to save $2?" nope....
I think when I next move I am going to keep anything small that is over $200 in value; everything else huge yard sale, goes with the house or on the curb.
Way to much crap accumulated over the years.
Decent volume yesterday and it rose.
Today down on very little volume.
Don;t think it being down today on this volume is much to worry about, just not much interest today.
Fingers (and toes) crossed.
We all know how manipulated the price is and how quick they can pull the rug out from under it in the span of 1 minute..
Unreal how this paper stuff continues to have the rug pulled out in an instant when it gets any momentum.
I can't wait until the folks doing this have their fill of what they want so they just let it go.
Wall Street is such a racket. Ponzi scheme's are illegal but this stuff continues.
I'm in and ready.
Lol. Nope. Maybe I will be glad I only got a partial fill?
I think they will have a decent Q with all things going on with them.
Tried to buy a big chunk @ .32 at EOD.
Got 1/5 @ .32 and then it jumped to .34 so did not get anywhere what I wanted.
Ya, a couple of them out there.
How about FREE; They finally hit the OTC after years of decimating shareholders. $13,000,000 a share. lol.
Looks like it was > $8000 share way back when it started tading. lol. Talk about r/s's.
I am no expert in charts, but I have always used the SMA.
Ok,
But what were the crucial Averages that TGD could not hold?.