Replies to post #22369 on Value Microcaps Junior Miners

[JustForFun7]

Yeah here is my thinking, lol.

They want poeple to feel like they have money so that they will spend and that will get the economy going again. They think that haviing a high stock market will make people feel they have money to spend so they won't let the markets tank.

Very simplistric and unconventional thinking but it lets me sleep at night.

JFF7

[silver100]

I may be buying today.

We've been gifted a ST correction in an uptrend of a great bull market. This uptrend will last until next March before any significant correction. QE, sovereign debt, interest rates, etc., it's all just noise. Currencies don't float, they just sink at different rates. Gold is still gold.

Look at the minging indices, they are breaking out!

That said, I am staying away from the big names that have already had huge increases and will also fall the most if a real correction does take place. I'm going after some of the small guys that haven't moved much, if at all yet, and don't have much room to fall no matter what happens. (Unless its an even worse crash than last time and everything goes bankrupt, but i don't see that happening, at least not yet).

Look at the ST gold chart. It's developing a very nice range and base building before its next jaunt higher. There have been no consistent day after day 2 and 3% drops, and it never went parabolic, which it always does before any significant correction.

I think 1500 is in the cards at a minimum.

[silver100]

http://jsmineset.com/

"Jim,

All of the selling we are seeing across the entirety of the commodity complex is related to the news that China is hiking rates again. The fear is that this will cause a slowdown in the Chinese economy which will negatively impact demand for commodities across the board.

I am seeing every single commodity being sold regardless of any current fundamentals. It is even showing up in the soybean and corn markets which have very strong fundamentals. In other words, it is purely a function of hedge fund algorithms being tripped to sell because some downside technical levels have been violated.

The fact that it is occurring even with the Dollar showing weakness tells me that it is a pure money game right now so fundamentals are taking a back seat to the flow of money out of commodities today.

Gold would have to get down below $1,345 and stay there to give me any reason for concern on the charts. Even at that, it would still be okay although the chart picture would be a bit less positive. Only two closes below $1,320 would turn the chart bearish.

Best wishes from your pal,
Trader Dan"

[coinmaker]

sold the 20% this morning

and now 40% in cash

Selectively selling my weakest positions, those that have no catalyst to go higher but also sold some of my biggest gainers that have run very far and fast.

Will the commodities market reverse next week and start to go up again? It is possible, but I would rather it take a small correction where I can pick up stocks cheaper than what I sold them for. This is of course wishful thinking.I believe in the long term bull market in commodities. I finished the day flat which is pretty good. One of my friends is one of the best investors in the market. He has worked out a system that has not failed. He is still bullish and has no signals saying sell yet. He holds for several years at a time depending on the signals and averages 35% per year gain through good times and bad. I am a much more short term trader.

My recommendations for individual stocks are on the companies merits, not the timing of when someone should buy or sell them.
It is hard to time an individual stock especially when they are low volume, where charts don't help alot. But as they say, a high tide lifts all ships and the same is true in reverse.