$32** floor $35** ceiling?
MsMorrisine
Posts: 33,012 ✭✭✭✭✭
do we have a trading range for now?
** +/- 50 cents
** +/- 50 cents
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
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Comments
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>we always have the last price paid, everything else is speculation.[/q
<< <i>do we have a trading range for now? >>
It's been breached in overseas markets.
Trying to hold a little on the buying for a little lower, but not wanting to miss this hole.
Seems we are on a long run sideways roller coaster. That is, until it changes.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>buy when your gut tells you to. you will be either right or wrong.... >>
In mid-May of this year I had inguinal hernia surgery and while I was laid up in bed I was watching silver dip into the high 25's and my gut was telling me something fierce to BUY BUY BUY. Didn't know if it was the Percocet and Phenergan talking or the 5 inch slit in my gut, but I ended up missing that buy hole. This was also when Facebook went public My gut feeling was right on that......absolutely a no buy.
Too many positive BST transactions with too many members to list.
I knew it would happen.
<< <i>The dollar is strong today. Beats me why. >>
Dollar putting in its second up leg since the bottom at 78.93 four days ago. Briefly took a rest at 79.5 before heading up to 80.0.
Suspect it will continue up to at least 80.2 and possibly 80.7 this week. It's strong because the Euro was weak.
If everything starts dropping for the next few weeks, it may be smart to start figuring the relative percentages instead of price levels.
I knew it would happen.
Liberty: Parent of Science & Industry
The Fed created a short-term "feel good" effect. Makes people feel warm and fuzzy and trusting. Like telling someone it's gonna be ok and throwing them a mink coat while theyre in the water in the middle of the Bering Sea in January........at the same time they're being eaten by a 26' Great White shark.
Too many positive BST transactions with too many members to list.
<< <i>So, if prices went up because the Fed created more dollars, now that prices are going down, does that mean the Fed is now destroying dollars?
It means the FED is not even good at destorying them when compared to the Europeans. Race to the bottom, my friend, Euro takes the lead. Dollar index is 47% weighted by the euro.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
What makes you think that prices are going down? Are you somehow better off now than you were 8 hours ago?
I knew it would happen.
<< <i>So, if prices went up because the Fed created more dollars, now that prices are going down, does that mean the Fed is now destroying dollars?
The FED is always in the thick of creating more dollars and more debt. There is no other alternative. The fact that prices still move up and down despite this is
just part of economic/business cycles. Gold and Silver have moved steadily up for 10 yrs in spite of some good whacks along the way. Short term prices can do most
anything when you have no real regulation or position limits on the futures and an unlimited pile of otc derivatives to play with.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Silver and gold looks to be getting off rather cheaply all thing considered in this latest stock market sell off. MJ >>
Today's lossess
DJIA -1.82%
NASDAQ -0.88%
S&P -1.44%
PM's
Gold -1.26%
Silver -2.40%
Plat. -2.37%
Pal. -4.97%
and the winner is: Rhodium -8.00%
<< <i>Cash is king for the next season or so. Blip in the road long term. >>
Cash has never left that lofty place.
<< <i>
<< <i>Cash is king for the next season or so. Blip in the road long term. >>
Cash has never left that lofty place. >>
It poops on opportunity and goes down when the timing is right. Cheap metal is an opportunity to consider.
<< <i>
<< <i>
<< <i>Cash is king for the next season or so. Blip in the road long term. >>
Cash has never left that lofty place. >>
It poops on opportunity and goes down when the timing is right. Cheap metal is an opportunity to consider. >>
There is no such animal as "cheap metal."
<< <i>
There is no such animal as "cheap metal."
Or expensive paper monster.
<< <i>
<< <i>Silver and gold looks to be getting off rather cheaply all thing considered in this latest stock market sell off. MJ >>
Today's lossess
DJIA -1.82%
NASDAQ -0.88%
S&P -1.44%
PM's
Gold -1.26%
Silver -2.40%
>>
Usually when equities poop the bed the metal sell off is even more pronounced or exacerbated. The last couple equity sell offs (the past few sessions) haven't been as dramatic.
Anyways, when equities sell off there are not a lot of places to hide on the long side.
I still like the way banks are behaving during this recent storm.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Look at BKX.
Knowledge is the enemy of fear
<< <i>MJ,
Look at BKX. >>
It has it's own monitor
I'm on auto pilot trade wise for the balance of the week.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
I've never had luck being on auto pilot trade mode. Seems like too often I get tripped into an option, only for the b'tards to take the value down on me. The MM's know buy/sell points and do this because they can. I prefer to trade live.
I equate it to putting in a bid on a coin or silver bar on eBay 2 days before the auction ends. You will always get taken out...when you could've waited til the auction was ending a pick a price based on what it is at that time.
Seems to make a huge difference in my trading,,, just to mention. Anyone else feel like this happens to them more often than you think it should?
Who can?
I have the index right on the 50dma and uptrend line. R2K, INDU, NAZ also on yr long uptrend lines. A break will be quite pronounced. Metals would not be immune.
Knowledge is the enemy of fear
<< <i>I'm on auto pilot trade wise for the balance of the week
I've never had luck being on auto pilot trade mode. Seems like too often I get tripped into an option, only for the b'tards to take the value down on me. The MM's know buy/sell points and do this because they can. I prefer to trade live.
I equate it to putting in a bid on a coin or silver bar on eBay 2 days before the auction ends. You will always get taken out...when you could've waited til the auction was ending a pick a price based on what it is at that time.
Seems to make a huge difference in my trading,,, just to mention. Anyone else feel like this happens to them more often than you think it should? >>
There are ways to protect yourself from this. I find setting trades w/conditions the way to go. The right on line platform and broker help as well. I get better fills on auto pilot sometimes then when I trade live. It also takes all the emotion out of the trade. I also usually only trade highly liquid stocks/options with thin spreads.
Dave, I wanted to start buying Japanese equities but now I'm not to sure after my last visit. Some things at odds with each other. Taking another sniff.
<<I have the index right on the 50dma and uptrend line. R2K, INDU, NAZ also on yr long uptrend lines. A break will be quite pronounced. Metals would not be immune>>
I read it the same way.
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>So, if prices went up because the Fed created more dollars, now that prices are going down, does that mean the Fed is now destroying dollars?
FED has been destroying dollars since 1913. Occasionally they can't even get that right.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Must I keep pounding the table? $32.50 is to $32 as $35.50 was too $35. After today $31 is to $30 as $32.50 was to $32. It's a death march, end of story. >>
I disagree with your analysis....It's a successful retreat
So keep on pounding that table
<< <i>Must I keep pounding the table? $32.50 is to $32 as $35.50 was to $35, a last gasp for air. After today, $31 is to $30 as $32.50 was to $32. It's a death march, end of story. >>
POM: What? No one wants to admit they went for the head fake?
Silver aint ever gonna see $30 again, you (may have) heard it here first. Sorry to break the bad news.
Not trying to be a downer, just being realistic. Dont kill the messenger.
Me: Beginning of story? Been here before.....
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Must I keep pounding the table? $32.50 is to $32 as $35.50 was to $35, a last gasp for air. After today, $31 is to $30 as $32.50 was to $32. It's a death march, end of story. >>
So is this statement "tongue and cheek" also? Just curious. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"They stab it with their steely knives, but they just can't kill the beast". The Eagles, Hotel California. Equally applicable to the gold and silver markets (and platinum).
I knew it would happen.
this was supposed to be because less of a need for QEternal.
When will they catch on to the debt load we will have to service once the economy picks up?
rock-hard place
Gold @$1675
Silver @ $31.00
The Dow pulls back 130 pts.
The sky is falling. All is lost. It will never go back up.
The end
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
POM: Done lost it about a year ago from my perspective. Only really been buying 2 things since...deals that are too good to pass up, or eye catchers like bars I've never seen before. I highly doubt silver will see $30 again if I live to be 90 (I'm 46). There might be one more once in a lifetime run in the next 45 years. Expecting anything else I feel is a happy place I just can't picture. Sorry, all jmho.
So, jmho or jahf (just a head fake) or jtic (just tongue in cheek)?? JW: Just wondering.
<< Silver aint ever gonna see $30 again, you (may have) heard it here first. Sorry to break the bad news.
Not trying to be a downer, just being realistic. Dont kill the messenger. >>
Silver on it's current death march...My honest to God gut feeling and can't see how it could be denied.
There it is, clarity for those of you who can't determine tongue n cheek vs. honest feelings. Hope it helps.
I wish there was a way for all of us to meet so you could actually meet me to see the look on my face when I say something. I guess I'm just the kind of person that is going to have to spell everything out for others to understand what, and HOW I say something.
<< <i>There it is, clarity for those of you who can't determine tongue n cheek vs. honest feelings. Hope it helps.
I wish there was a way for all of us to meet so you could actually meet me to see the look on my face when I say something. I guess I'm just the kind of person that is going to have to spell everything out for others to understand what, and HOW I say something. >>
Agreed it is hard to pick up any implied sarcasm or "tongue in cheek" comments when they could easily be one's actual sentiments. That's what the winky or tongue poking out smiley faces are for.
FWIW, a good part of the frustration towards you on this board is due to others taking your previous comments at face value, then you defending yourself by saying that was just tongue in cheek or whatever. To us it just looks like backtracking.
<< <i>And another thing, if you think $27 to $35 is a good move after QE-indefinite being implemented, you have very low expectations. >>
A 30% move would be deemed a great move by most sane traders and stackers alike. You could make a fortune on that one move. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>
<< <i>There it is, clarity for those of you who can't determine tongue n cheek vs. honest feelings. Hope it helps.
I wish there was a way for all of us to meet so you could actually meet me to see the look on my face when I say something. I guess I'm just the kind of person that is going to have to spell everything out for others to understand what, and HOW I say something. >>
Agreed it is hard to pick up any implied sarcasm or "tongue in cheek" comments when they could easily be one's actual sentiments. That's what the winky or tongue poking out smiley faces are for.
FWIW, a good part of the frustration towards you on this board is due to others taking your previous comments at face value, then you defending yourself by saying that was just tongue in cheek or whatever. To us it just looks like backtracking. >>
beep beep beep beep beep beep beep
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......