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VXX

renman95renman95 Posts: 7,037 ✭✭✭✭✭
in Precious Metals
It may be time to jump in. I think I'll get my toes wet first.

Comments

  • derrybderryb Posts: 37,489 ✭✭✭✭✭
    let me know if the water is cold.

    The price of gold is set by faith, or lack of, in the currency it is priced in.

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    How deep is the water??? Cheers, RickO
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>How deep is the water??? Cheers, RickO >>



    Only 18 inches deep. Six months ago it was 50 inches deep.
  • jmski52jmski52 Posts: 23,120 ✭✭✭✭✭
    image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    Up 4.2% today, thus far @ 18.06.
  • jmski52jmski52 Posts: 23,120 ✭✭✭✭✭
    Comrade! Is good to see you watching your eggs closely!!! Is leverage, yes?

    (jmski too clumsey for eggs to handle!)image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    I just break eggs....three for late morning omelette with two cheeses, sautéed veggies and jalapeños. Is good for colon, hahaha.
  • derrybderryb Posts: 37,489 ✭✭✭✭✭
    FWIW, my success with VXX is in a downward SP500 movement. Greater the movement, the better the price rise with VXX. For that reason I avoid VXX in SP500 upswings.

    The price of gold is set by faith, or lack of, in the currency it is priced in.

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>FWIW, my success with VXX is in a downward SP500 movement. Greater the movement, the better the price rise with VXX. For that reason I avoid VXX in SP500 upswings. >>



    Thankx, I may be a bit early....

    I'm looking at the 40 week avg on the SP500 and it looks like it may begin to cross over to the downside. I know it seems contrary to QE3 and election-year politics but I think there will be an early correction and then a resumption of the manufactured bull late summer.
  • derrybderryb Posts: 37,489 ✭✭✭✭✭
    VXX works best with quick ins and outs never more than a day or two, unless of cours the market sees a panic sell. in that case ride it as long as it performs.

    The price of gold is set by faith, or lack of, in the currency it is priced in.

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>VXX works best with quick ins and outs never more than a day or two, unless of cours the market sees a panic sell. in that case ride it as long as it performs. >>



    thx, again. (Every day is a learning experience.)

    image
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    image
  • derrybderryb Posts: 37,489 ✭✭✭✭✭
    good call.

    The price of gold is set by faith, or lack of, in the currency it is priced in.

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