Posted by dallahoo on 10th of Sep 2008 at 11:33 am
You see, last round they said there was a mad dash to buy the
metal from dealers, and dealrers ran out, and all sorts of reported
madness, people were bidding coins on EBay with crazy premiums,
thta is either too many well informed billions of people, or retail
thinking they finally got a chance, neither is good for the
metal.
Wonder if people are rushing to buy silver now, heck is almost a
buck cheper, time to buy is when you friend or neigbor goes out to
sell his metal, when EBay coins get no bid, that, BTW, is my
indicator -- the EBaydicator
Posted by dallahoo on 10th of Sep 2008 at 11:48 am
that's the thing, though, they are big, they can afford the
whipsaws, most of them create the whipsaw, but someone with a 100k
portfolio, 30% in gold, well that's a different story,
no hostility at all, furthest thing from it...it's just a
market...just think majority of people should be out of it because
they can't take the volatility or downside...
Posted by dallahoo on 10th of Sep 2008 at 12:10 pm
mistake of my senses, I am sorry. In truth, one, IMHO, should
not think in tyerms of whether he can take a hit or not, one should
run as fast as humanly possible, I am a gold enthusiast, I hate
paper, but it wants to drop so we stand aside and wait
yes...when your realize you can't control the market, and you're
not smarter than the market, only then can you make money,
grasshopper...
"Wall Street never changes, the pockets change, the suckers
change, and the stocks change, but Wall Street never changes
because human nature never changes."- Jesse Livermore
Posted by dallahoo on 10th of Sep 2008 at 12:21 pm
now, you are quoting my favorite book. The first copy I bought
has been thumbed so much it is ripped and dirty, so I just bought a
2nd copy to have something clean and shapely on book shelf :-)
This mkt gives a whole new meaning to the value of stop
losses. 30% losses are too much psychological
drain, messes up -most- folks ability to think straight, and messes
up clarity and future trading.
Matt, perhaps you might consider adding a lesson
on stop losses in your future updates on this
website, if you don't already have a lesson posted, just a
thought
Posted by dodgerdog on 10th of Sep 2008 at 11:45 am
Yup - all while Gold Bugs get squashed. Can't tell you how
many times other sites called for a bottom here only to see it
crash 50%. Then those same sites talk about how bad the
market is to cover up there blunder - like Matt said below the
market down 1/2 as much as Gold Stocks.
and usually bounces back...I've seen this sector turn on a dime
so many times...the US$ was at the same level the same time last
year...people need to relax, read the charts, and most of all, know
your risk tolerence, "
How much could I lose", should be the first
question...that's my rant...
dylan - to put what has happened with the gold stocks into
perspective: The S&P 500 for example is down about 21%
from it's highs last fall. Well Gold stocks are down NEARLY
50% in only 2 months!!!
So think about it, we all talk about how bad the market is
(S&P 500), but it's only down 21%, gold stocks have been
absolutely crushed, down 50% just since July is simply unreal
There is some banter out there that the dollar rally and
some
US
equity support has been coming from
Saudi Arabia
,
Kuwait,
and the UE. Their rationale goes that those Middle-eastern
countries are afraid that the
US
would not protect their interests under an Obama presidency and
problems from
Iraq
,
Iran,
etc. could spill into their countries while the
US
merely jawbones the problem with the UN. A second part of it is
rumors/speculation that
Israel
would attack
Iran's nuclear installations
in between an Obama win and his inauguration.
This hypothesis suggests that the rip-roaring dollar rally is a
result of the Mid-east support and that they may also be buying US
equity futures at critical times. It also suggests that they want
oil prices down around $100/barrel pre-election and declining
gasoline prices in the
US
.
I
am not suggesting that any implication of what Obama might do or
what middle-eastern countries are doing, thinking, or might do have
any merit at all. I just wanted to put out there some of the banter
I am hearing to consider within the realm of considering “all
sides” of many different spins that investors may be acting
on.
You "could" construe this as having a political bias towards
either major party, but is intended as purely informational.
Posted by junkmaylbox on 10th of Sep 2008 at 11:43 am
Don't we have a pattern: former highs would soon be replaced by
new lows. That's speaking of crude oil, for example. And vice versa
for the US dollar. -Roy
HUI/Gold ratio...already turning up.....!!!!!
Posted by treid4dou on 10th of Sep 2008 at 11:09 am
HUI/Gold ratio...already turning up.....!!!!!
Heck it can't go much
Posted by dodgerdog on 10th of Sep 2008 at 11:21 am
Heck it can't go much lower - total disaster here for those who rode this down. These stocks have had a nice 2 month Bear Market so far.
Sure..........I only mean they are
Posted by treid4dou on 10th of Sep 2008 at 11:38 am
Sure..........I only mean they are starting to fall much less than the metal....
yeah for 2 hrs gold
Posted by matt on 10th of Sep 2008 at 11:48 am
yeah for 2 hrs gold stocks have been out performing the metal, mabye it turns into something, but you need to see more than that
You see, last round they
Posted by dallahoo on 10th of Sep 2008 at 11:33 am
You see, last round they said there was a mad dash to buy the metal from dealers, and dealrers ran out, and all sorts of reported madness, people were bidding coins on EBay with crazy premiums, thta is either too many well informed billions of people, or retail thinking they finally got a chance, neither is good for the metal.
Wonder if people are rushing to buy silver now, heck is almost a buck cheper, time to buy is when you friend or neigbor goes out to sell his metal, when EBay coins get no bid, that, BTW, is my indicator -- the EBaydicator
Completely agree.
Posted by dodgerdog on 10th of Sep 2008 at 11:38 am
Completely agree.
meanwhile the big players slowly
Posted by jbarry on 10th of Sep 2008 at 11:40 am
meanwhile the big players slowly unwind their shorts and add their longs...happens every time...
that's the thing, though, they
Posted by dallahoo on 10th of Sep 2008 at 11:48 am
that's the thing, though, they are big, they can afford the whipsaws, most of them create the whipsaw, but someone with a 100k portfolio, 30% in gold, well that's a different story,
then you shouldn't have 30%
Posted by jbarry on 10th of Sep 2008 at 11:53 am
then you shouldn't have 30% in gold stocks if you can't take the hit...
I sense some hostile undertone
Posted by dallahoo on 10th of Sep 2008 at 11:58 am
I sense some hostile undertone to your message, am I right there?
and, it's good advice, you should give it to those who are now forced to liquidate, I am short gold, and shoprt GDX, and enjoying it at the moment
no hostility at all, furthest
Posted by jbarry on 10th of Sep 2008 at 12:07 pm
no hostility at all, furthest thing from it...it's just a market...just think majority of people should be out of it because they can't take the volatility or downside...
I'm a happy camper...
mistake of my senses, I
Posted by dallahoo on 10th of Sep 2008 at 12:10 pm
mistake of my senses, I am sorry. In truth, one, IMHO, should not think in tyerms of whether he can take a hit or not, one should run as fast as humanly possible, I am a gold enthusiast, I hate paper, but it wants to drop so we stand aside and wait
yes...when your realize you can't
Posted by jbarry on 10th of Sep 2008 at 12:17 pm
yes...when your realize you can't control the market, and you're not smarter than the market, only then can you make money, grasshopper...
"Wall Street never changes, the pockets change, the suckers change, and the stocks change, but Wall Street never changes because human nature never changes."- Jesse Livermore
now, you are quoting my
Posted by dallahoo on 10th of Sep 2008 at 12:21 pm
now, you are quoting my favorite book. The first copy I bought has been thumbed so much it is ripped and dirty, so I just bought a 2nd copy to have something clean and shapely on book shelf :-)
sounds like my old Playboy...zing!... on
Posted by jbarry on 10th of Sep 2008 at 01:18 pm
sounds like my old Playboy...zing!...
on a serious note, commodity index investors pulled $39Billion worth of oil futures between July and Sept. 2...
commodity index investors pulled $39Billion
Posted by dallahoo on 10th of Sep 2008 at 01:35 pm
commodity index investors pulled $39Billion worth of oil futures between July and Sept. 2
Vow!, that's some country's budget
stop losses
Posted by andreac on 10th of Sep 2008 at 12:03 pm
This mkt gives a whole new meaning to the value of stop losses. 30% losses are too much psychological drain, messes up -most- folks ability to think straight, and messes up clarity and future trading.
Matt, perhaps you might consider adding a lesson on stop losses in your future updates on this website, if you don't already have a lesson posted, just a thought
I think I posted a
Posted by matt on 10th of Sep 2008 at 12:06 pm
I think I posted a thing about stops a couple months back in the education section, do a search
Yup - all while Gold
Posted by dodgerdog on 10th of Sep 2008 at 11:45 am
Yup - all while Gold Bugs get squashed. Can't tell you how many times other sites called for a bottom here only to see it crash 50%. Then those same sites talk about how bad the market is to cover up there blunder - like Matt said below the market down 1/2 as much as Gold Stocks.
Silver below $11 now.
Posted by trade on 10th of Sep 2008 at 11:52 am
Silver below $11 now.
and usually bounces back...I've seen
Posted by jbarry on 10th of Sep 2008 at 11:51 am
and usually bounces back...I've seen this sector turn on a dime so many times...the US$ was at the same level the same time last year...people need to relax, read the charts, and most of all, know your risk tolerence, " How much could I lose", should be the first question...that's my rant...
Any time they start advertising
Posted by dylan398 on 10th of Sep 2008 at 11:24 am
Any time they start advertising on TV...it's time to get out!!
"Bring us your gold for cash"!!!!
"Live the real estate lifestyle"!!
dylan - to put what
Posted by matt on 10th of Sep 2008 at 11:33 am
dylan - to put what has happened with the gold stocks into perspective: The S&P 500 for example is down about 21% from it's highs last fall. Well Gold stocks are down NEARLY 50% in only 2 months!!!
So think about it, we all talk about how bad the market is (S&P 500), but it's only down 21%, gold stocks have been absolutely crushed, down 50% just since July is simply unreal
Dollar rumor & speculation
Posted by wachy11 on 10th of Sep 2008 at 12:39 pm
RUMORS & SPECULATION (for emphasis)
There is some banter out there that the dollar rally and some US equity support has been coming from Saudi Arabia , Kuwait , and the UE. Their rationale goes that those Middle-eastern countries are afraid that the US would not protect their interests under an Obama presidency and problems from Iraq , Iran , etc. could spill into their countries while the US merely jawbones the problem with the UN. A second part of it is rumors/speculation that Israel would attack Iran's nuclear installations in between an Obama win and his inauguration.
This hypothesis suggests that the rip-roaring dollar rally is a result of the Mid-east support and that they may also be buying US equity futures at critical times. It also suggests that they want oil prices down around $100/barrel pre-election and declining gasoline prices in the US .
I am not suggesting that any implication of what Obama might do or what middle-eastern countries are doing, thinking, or might do have any merit at all. I just wanted to put out there some of the banter I am hearing to consider within the realm of considering “all sides” of many different spins that investors may be acting on.
You "could" construe this as having a political bias towards either major party, but is intended as purely informational.
U.S. Treasury says imposes sanctions
Posted by jbarry on 10th of Sep 2008 at 01:14 pm
U.S. Treasury says imposes sanctions on Iranian shipping line, 18 affiliated entities
Don't we have a pattern:
Posted by junkmaylbox on 10th of Sep 2008 at 11:43 am
Don't we have a pattern: former highs would soon be replaced by new lows. That's speaking of crude oil, for example. And vice versa for the US dollar. -Roy
The canadian mkt. also influencing
Posted by treid4dou on 10th of Sep 2008 at 11:36 am
The canadian mkt. also influencing here.....based on resources stocks.....