3309 Drysdale Ct
Edwardsville, IL 62025
some of these 1/2 day systems trigger on SPY, QQQ etc. again I'm
not following them or trading them yet, just reporting
GDX - Chart Link- smack down on that puppy and
gold followed suit after. Otherwise bouncing some off the support
$BPGDM - Chart Link-
has your longer term outlook changed at all or still
I've never been long term bullish on GDX, you can't, only short
term bullish when it sets up, it's a trading instrument only, does
not uptrend for long periods of times in most cases and is why the
daily KISS standard settings is not profitable on it.
Gold I like it long term, based on the monthly chart this is
some sort of if this pullback forms a higher low and is a cup and
handle type of pattern
refer to daily buy and hold GDX stats - it's not like SPY or QQQ
the indexes where you could hold them long term and be up over time
- GDX park your money in that long term and make almost nothing -
you catch it when it trends in those rare times and then get
over the past 5 years GDX is up around 50% even after getting
hammered for the last several months. if gold really breaks out to
new highs, i don't know how GDX would continue sputtering.
Yes and over 10 years GDX is down over 50% - compare that to
Gold Bullion. Most miners have greatly underperformed Gold
Bullion - you really must do extensive homework on miners.
Gold relative to the US Dollar has held value as Fiat
Currencies always end up in the toilet - only a matter of
If you bought silver at its peak about 12 years ago, you would
be down 50% before inflation.
This is one of those statements not backed up by data - I heard
that the miners are generally run very poorly and should be avoided
as long term investments....trading vehicles only. I think
that came from Joe Terranova.
Gold - Carter Worth, aka "The Chart Master," had a
segment on gold a few months back. He showed how it's had almost
the exact same return as the S&P over the last 50 years,
with less volatility. Everyone on the desk was surprised, as
was I. I personally never would have guessed that was true.
I'm sure you could find the segment on CNBC dot com or YouTube.
I looked this up. I see 50 years ago to today - 4400% gain for
S&P 500, 1800% gain for gold, 700% gain for silver. So not even
close to equal.
I'll try and track down the CBW fast money piece on golds
performance as compared to the S&P. Maybe I remembered
the 50 years part wrong? I remember clearly it was many years and
almost identical performance...but maybe it was 25 years? I'm
pretty good with remembering weird stuff like this fairly
accurately and 50 years is stuck in my head, but I'll look for it
and post when I find it.
again details matter - what's he talking about, holding gold?
holding some gold stocks, I would need to see the stats and data
laid out, just that statement is meaningless to me unless I see the
actual data and stats laid out
I think he was just tracking the spot price. But yeah, I need to
see data also. That's why I like Carter Worth - he always comes
armed with charts and data instead of just making statements we're
supposed to believe. The presentation was
that's 5 years, I'm talking about longer term back - the stats
speak for themselves, look at the buy and hold stats, as well as
the draw downs, 25% 48.4%, 28%, 49.3%, 16.2% over those 5
again for me - I can't just buy and hold GDX - can I hold it for
2 or 3 months on a trend? Yes of course, but long term like someone
might with SPY, nah.
ok, i consider 5 years long-term though. if someone is a
believer that gold breaks all-time high and takes off from there,
what would be a better option to take advantage of it instead of
tying up a ton of capital in GLD?
Costco now selling gold bars (online only). Not going to lie -
I'm very interested. But they sell out immediately so far and
I haven't been able to get them. 2 max per member, so it doesn't
make a huge dent in what would be an appropriate holding, but it's
yes only 2 per customer.
Costco shipping gold bars - Porch pirates wet dream. UPS
gonna ask for another raise....and armor.
ha yep, and thank god I live in a good area where I don't have
to worry about those porch pirates.
that Mark Robber guy on Youtube funny when hey makes those
glitter and stick bomb packages, and the porch pirate steel them
and we get to listen
one of them I saw a guy take the fake package - then go to his
GF's house and have the audacity to tell her that he bought this
for her - then they open it and get sprayed in glitter and fart
smell etc LOL
Ha! I didn't know about that guy. Will definitely check it out.
Matt, maybe the pirates stay out of your neighborhood because
the ISP sucks so bad?
here's the video - I have it starting at that part - where the
guy brings the box to his GF to open it
Looks like the Swiss Alps
$SPX - Chart Link
Health care cost inflation - if you think it was bad before,
just wait for until Ozempic and other weight loss drugs get
approved for insurance payments and the impending Kaiser strike to
play out (which of course will flow to all the other health care
providers, if successful). Buckle up!
agree will replace Viagra as the number 1 medication man has
LOL - I need to ask Matt how much those Viagra pills cost these
There are varying estimates for cost, but generally it seems
like it's in the $1000 per month range, if paying out of pocket
(not supported by insurance or medicare...yet).
NAIIM exposure levels about 43 % not the 19 % last October at
the lows yet.
URA - Chart Link-
$SPX - Chart Link- one can monitor the
pullbacks for symmetry, nothing broken
$SPX - Chart Link- 15 min view with the zig
CAMT - Chart Link-
Seasonality - would be crazy if we actually followed that little
head fake pattern that is supposedly just ahead (per the
Silver and the silver miners acting much better than Gold
$SPX - Chart Link - had 5 waves up
yesterday afternoon so was looking to buy the pullback to look for
another push upward
I also added a simple symmetry target (it can extend so just a
Notice the 5 tiny waves off the highs - suggests next bounce
will get sold
Just like clockwork
SOXL - Chart Link
Went to bed too early last night to review many items but this
was one that I was tracking yesterday
$VIX - Chart Link
Always track the VIX intraday if trading SPX/ES
Closed out VIX and UVXY PUTS THIS a.m. Nice gain. Bought some
TMF 4.60 and out at 4.75 .
Needless to say protect gains off that setup yesterday
SH update, at support with some negative divergence
Create advanced interactive price charts for SH, with a wide variety of chart types, technical indicators, overlays, and annotation tools.
SFIX Daily, UBER Daily
UAW reduces pay rise demand to 30% from 40% With bonds oversold
and dollar overbought, funny things can happen to equities if
there’s a spark
Matt: You can adjust the price increase down to 30% to be
Nice little break out on SPX so far today.
here's the stats on those
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