Official Short-term Investments Thread

[Dinan]

whats the deal with GOLD? will it go down more or is it a good buy now??? talking about HGU at 10.5

[eljefe]

It seems the thread regulars here are seeming lost without word from silverex!

[bigbadboss101]

BAC too risky at this price?

[civic_rida]

yes bac is to risky.
I see it going back down to low 6's

[max_boost]

lol

I picked up a few shares of RCI.B (Rogers) and UUU (Uranium One) couple days ago and thought nothing of it but I'm actually up.

Well I sold the $23 HOD I bought yesterday at $25 today reluctantly. Turns out it was the right call and pretty close to day high :nut: Warning flags everywhere. Looks like I won't get my $30 oil anymore although it did briefly touch $35 and $47 HOD to tease me thinking there was more to it.

Right now I'm left with a measly 300 shares of HOD. I'll let that sit a bit in case oil decides to go south.

I don't know how much more these US banks have left in them but I wouldn't mind cashing in on AIG before it tanks again :eek:

Bought some more HGU at $10.50. Not sure what the plan is with this. This is the season where gold is weak right? Where is SilverRex?

[KleanCord]

Originally posted by civic_rida
yes bac is to risky.
I see it going back down to low 6's

shorts are being called to cover. Citigroup and AIG have spiked in the last hour.

Not sure if BAC would be in the same boat.

[civic_rida]

yea im holding hou and hgu.

[SilverRex]

ok gold is currently right at the 889 mark which if you look at the chart is at its important juncture. If gold is to remain bullish and the 100 drop was simply a healthy pull back before reaching higher, then obviously gold HAS to regain from this level, its a long way battle back to 944.

if this level does not hold, then gold will change from a very bullish view to heavy and further consolidation that will see price testing the next two support retracement level from the 681-1006 high which is around 860 and 850.

I have both short term and long term investment, while no question im all for gold long term and if gold does get back to 800 I'll be buying more physical.

but share wise, yes its taking a beating. The only light of the tunnel is that im surprised gold share hasnt sold off as much as it should. I guess if the 890 area is officially shot down and closes below that 2-3 days in a row, then gold share will follow suit that can prompt the hui index breaching below 260 once again an onto 240 and 220 (850 and 800 gold)

I read somewhere that central banks throw down over 200 tonns of gold this year to push gold down from 1000, the same strategy saw only 20ish tonns last year when gold rocketed up. So you can tell its taking more and more gold sells on the market to cap the price. One can only wonder how long they can keep doing this before it takes off.

http://i278.photobucket.com/albums/kk118/genmaster/gold11.jpg

[KleanCord]

Originally posted by SilverRex
ok gold is currently right at the 889 mark which if you look at the chart is at its important juncture. If gold is to remain bullish and the 100 drop was simply a healthy pull back before reaching higher, then obviously gold HAS to regain from this level, its a long way battle back to 944.

if this level does not hold, then gold will change from a very bullish view to heavy and further consolidation that will see price testing the next two support retracement level from the 681-1006 high which is around 860 and 850.

I have both short term and long term investment, while no question im all for gold long term and if gold does get back to 800 I'll be buying more physical.

but share wise, yes its taking a beating. The only light of the tunnel is that im surprised gold share hasnt sold off as much as it should. I guess if the 890 area is officially shot down and closes below that 2-3 days in a row, then gold share will follow suit that can prompt the hui index breaching below 260 once again an onto 240 and 220 (850 and 800 gold)

I read somewhere that central banks throw down over 200 tonns of gold this year to push gold down from 1000, the same strategy saw only 20ish tonns last year when gold rocketed up. So you can tell its taking more and more gold sells on the market to cap the price. One can only wonder how long they can keep doing this before it takes off.

http://i278.photobucket.com/albums/kk118/genmaster/gold11.jpg

One can also wonder at what point the idea of digging something out of the ground only to store it again will start to look less appealing to scared investors.

If the market continues with the rally (which I believe is the real thing), then you will see more downward pressure on gold. No dividend, no earnings and no actual demand make gold a purely speculative play.

We have hashed out the points before, and you make good points on why to be bullish for gold, but I still think this thing is destined to go lower. The MACD is not looking too good either right now.

That isn't to say that Gold can't make an ultimate push past $1000 but I am going to wait until June when the seasonality lines up, and people start to worry about the dreaded inflation.

Speaking of which how can gold be both a hedge against deflation (which isn't nearly as hyped anymore) and inflation.

going back to a a few weeks and few hundred posts ago, I thought gold was forming a head and shoulders. If gold breaks down it will have completed the pattern, what is the downside target. Around $700? If it gets down to $700 I think it sounds a lot more appealing.

[max_boost]

At $700, you buy moar! lol :rofl:

[SilverRex]

I guess this is more or less the same post fromyesterday

but oil played out pretty much exactly what I saw, came tested the red line which is a support, 50 day and 38% retracement all lined up forcing oil to bounce higher.

now you can see there are 3 hammers at around price 47-48, two red and 1 green if it closes in a minute. then I just have to say I have to give the bulls on this one. considering the channel upper target to be around 50-51, Id say it has at least one more push higher.

bought back at 6.00 HOU based on when oil would fall, so far so good.

http://i278.photobucket.com/albums/kk118/genmaster/oil20.jpg

[SilverRex]

Originally posted by KleanCord


One can also wonder at what point the idea of digging something out of the ground only to store it again will start to look less appealing to scared investors.

If the market continues with the rally (which I believe is the real thing), then you will see more downward pressure on gold. No dividend, no earnings and no actual demand make gold a purely speculative play.

We have hashed out the points before, and you make good points on why to be bullish for gold, but I still think this thing is destined to go lower. The MACD is not looking too good either right now.

That isn't to say that Gold can't make an ultimate push past $1000 but I am going to wait until June when the seasonality lines up, and people start to worry about the dreaded inflation.

Speaking of which how can gold be both a hedge against deflation (which isn't nearly as hyped anymore) and inflation.

going back to a a few weeks and few hundred posts ago, I thought gold was forming a head and shoulders. If gold breaks down it will have completed the pattern, what is the downside target. Around $700? If it gets down to $700 I think it sounds a lot more appealing.

profit in gold only comes around once like every 20-30 years, and we havent seen a blow off parabolic top yet, china has yet to go nuts to diversy their reserve, the currecny war has barely just got started.

sure maybe it may take a few years but I dont have that many 30 years under my skin to let it play out, I rather have the market prove me wrong then die knowing what the hell was I Thinking when gold was cheap.

beside I never intend to hold the metal for ever, it will come a time when gold/silver is finished so I have to position myself if such an event begins meaning when gold suddenly goes parabolic, its time to look for exit.

that will probablly come right before inflation seriously takes off, but during hyper inflation, I Think it will killed the economy as well as gold itself, that is why gold/silver moves in spikes every 10-20 years.

gold is highly volatile I give you take, but the same folks who is calling gold is done at 1000 are the same folks thats been calling gold to dive since 300 dollars an ounce. and yet gold finds its way.

I think I have a better probability hitting the jackpot in gold than I do buying the lottery ticket :D

[Z_Fan]

Originally posted by max_boost
AIG should tank now given the fact that I bought some at $1.27

Sorry Z_Fan! lol

I got stopped out at $1.36 USD on 1000 shares that I bought yesterday at $0.9075 USD. Easy money. Wish I would have bought 10000 shares. <smile>

Small bucks. But it's safer given my current financial situation. And it still let's me play around...

[KleanCord]

I am hoping my Suncor order gets filled at 30.52. Perfect buy on pullback situation. This has solid support at 30.50 and I can only assume oil is going to break $50 before the end of the week. If today ends up in the positive that would be an amazing sign. Even as it is right now it just seems to be a rest and accumulate day. This feels much more like a trending market should.

Not like in December when we just went up every day on miniscule volumes with worse and worse news coming out every day.

At least now you are seeing news not as bad, and in fact some things are very pleasant surprises.

[SilverRex]

wow

something strange happened, HGU just shot up 50 cent and gold just suddenly pushed up 40 dollars. wtf?

havent seen this since OCT when it went up 80 dollars one day.

some one buying? China? COMEX defaulting?

[max_boost]

SilverRex, are you using 5% stop on HOU or will you just buy more on dips?

[Z_Fan]

WOW. WTF just happened with gold!

Holy smokes. :poosie:

[max_boost]

Holy fuck me I am going to hit my stop on HOD! lol

[SilverRex]

^ mental stop loss believe it

phucking this is like in a dream or shit I loaded up big time on silver at 12 bucks and suddenly it shot up so fast I could even take profit fast enough lol

maybe short covering on gold but still thats one hack of a spike

[KleanCord]

What is going on. There must have been an error in the market.

[SilverRex]

announcement

The FOMC kept the fed funds rate unchanged as expected in its target range of 0% to 0.25%. The fed also announced they are buying up to $750 billion more in agency mortgage backed securities and up to $300 billion in long term treasury securities over the next 6 months.

[SilverRex]

^

does that news cause gold to rocket?

maybe gold was afraid that little inflationary numbers would cause the fed to raise rates? but who would think the fed even has a chance doing that?

phuck I realy want to know what is going on, even though i am happy

check out HUI index, gold stock just rocket higher big time

[KleanCord]

2:28 PM 30-year Treasurys now up 6% to 131-20. 10-year +3.42%. 5-year +1.55%. 2-year +0.28%. Comment!
2:27 PM "They've definitely upped it a notch - there's a lot of ammuntion here," Pimco's Bill Gross comments on Fed move. He thinks 30-year fixed mortgages could come down to about 4%, "which is where the Fed wants them." Comment!
2:26 PM Stocks have surged in positive reaction to the Fed's huge jolt of new liquidity (I, II). DJIA +1.7% to 7519. S&P +2.5% to 798. Nasdaq +2.6% to 1500.

[Z_Fan]

Holy Hell. :devil:

If you could actually type fast enough to get your god damn orders through, you could have made a killing on the swings in the last 5 minutes alone.

Oil and Gold both up and down like yoyo's with pretty major gaps between the jumps.

Crazy shit. Haven't seen that in a while.

[SilverRex]

gold at 933, watch out above 944 triggers more buying

[max_boost]

OMFG! What in the hell just happened?

I bought HGU at $10.50 too. LMFAO! :rofl:

[SilverRex]

^ finally SAM glad you took the risk

see this is the reason why I Want to hold gold/silver

because when it wants to go parabolic like the 70s, it could suddenly boom bang we are at 2000.

then I Will be looking to take profit slowly lol

[KleanCord]

Where are you getting the 933 number.

My data is still showing 893.

[SilverRex]

I am on forex exchange, gold seek and netdania every chart is showing 933

[djayz]

Originally posted by max_boost
OMFG! What in the hell just happened?

I bought HGU at $10.50 too. LMFAO! :rofl:

Congrats, I've got the same dollar value on my HGU as you :clap:

[Z_Fan]

I bought HGU this morning at $10.46

LOL

But I'm sure you guys bought a lot more shares than I did. ;)

[997TT]

Originally posted by djayz


Congrats, I've got the same dollar value on my HGU as you :clap:

+1...entered at $10.57 this morning.

also been in/out of FAS for a decent gain ... missed out when it spiked from $6.25 (where i sold it) to $6.85. Damn it...:banghead:

[SilverRex]

the last time we saw this kind of push within minutes proablly back when gold first dip to 681

http://i278.photobucket.com/albums/kk118/genmaster/gold12.jpg

gosh, mayb china did just went on the open market and said, ok hell with the US, give me 4000 tonns gold now

[SilverRex]

so the US is adding another trillion dollars to the economy lol

[djayz]

Anybody taking profit out of HGU or hanging on for some more gains?

[civic_rida]

I just sold hgu bought it this morning 10.49 and sold for 11.88

[Z_Fan]

HOD looking good to get back in to again. Oil on a fucking tear. Gonna make $50 today? So close.

[SilverRex]

hold on now

because the hui index is about to break a high if gold closes above 944, then the bull is intact more gains ahead

gold after hitting 933, back down to 923 and now back to 930s again

[KleanCord]

Haha, there goes my theory.

Well I am even thinking aboug HGU at this point so I would tell everyone to keep it.

[sputnik]

Originally posted by SilverRex
so the US is adding another trillion dollars to the economy lol

:confused:

[max_boost]

Originally posted by Z_Fan
HOD looking good to get back in to again. Oil on a fucking tear. Gonna make $50 today? So close.

I don't feel as confident as yesterday. :dunno: :nut:
My stop for the remainder of my HOD is at $22. I would be more confident shorting at $52/53 range lol

[max_boost]

Originally posted by SilverRex
hold on now

because the hui index is about to break a high if gold closes above 944, then the bull is intact more gains ahead

gold after hitting 933, back down to 923 and now back to 930s again

In SR we trust. :eek:

[e36bmw///]

nm

[KleanCord]

Can I ask how this is even possible?

btw, perfect elliot wave going on the SP500. Look for the head and shoulders this hour.

[civic_rida]

Whats hou at?

[Z_Fan]

$6.59

I'm keeping my HGU.

Gold $943+

Oil $49.60

[SilverRex]

gold at 941

up almost 60 dollars within hours

[djayz]

So is this gold rush based on the economy pump or is there some other news making it run?

[SilverRex]

for those that got in HGU at 10.50 your up 20%

guess what I also bought at 10.50 too, and I bought it like 15 mins before it jumped. phew that was a close one

[djayz]

Looks like a majority of the people here got in on HGU at 10.50 :clap:

We should setup more beyond group buys haha.

Not sure whether to start selling off positions or just hang on for dear life.

[civic_rida]

I must say march has turned out to be a better month than feb.

[Canmorite]

Itchy trigger finger on HBU/GLD.

[Z_Fan]

I'm debating selling HGU too.

I think it gold will settle back down to the 915 range by early tomorrow. But I'd hate for it to break the 944 and then shoot up to 975 tomorrow afternoon and miss the ride.

Tough call.

But if you sold 11.50 range, you sold too early. LOL. But all that can change tomorrow right.

BUT, like has been said before, if you're sweeping money off the table, it's all good really. Just sucks when it continues to shoot up and you already jumped off the train.

[civic_rida]

i know :banghead:
but just nice to see a postive number for once.

[max_boost]

Alright guys, I sold half and booked a $2k profit.

The other half, if it goes to the moon, so be it. If it tanks, I'll just say I am investing for the long term. :rofl:

[SilverRex]

welp i sold my HOU at 6.55, knowing it could still go up higher, but I want to celebrate my ever so sucessful week, made 10%, 8% and now another 10% off HOU since monday.

ill sit back enjoy my gains and wait for another technical signal

im holding HGU even if it dips, it will act as my buffer :)

[djayz]

Sold out on my highest HGU position and sold out of SLW, banked a cool 8%. Still holding onto my other two HGU positions and see how it pans out tomorrow.

[max_boost]

UUU looking mighty good haha

I bought it at $2.20! now sitting at $2.45! lol

[liquid1010]

Funny how these Fed announcements always come at the right time.... LOL. Another 1 trillion into the market....... let's bring on hyperinflation.

In 2 hours my ABX calls went from 1.15 to 2.15 (I was in at 1.45).

[SilverRex]

haha we should have a 'everyone made money today' beyond meet lol

update: gold at 943, hui index at 303 if gold breaks 944, watch out HGU will be back to 16 in no time

[Z_Fan]

Originally posted by SilverRex
haha we should have a 'everyone made money today' beyond meet lol

One where we each have to buy our own drinks because we actually CAN for a change!

[SilverRex]

its a BREAK!!!!!!!!!!! gold at 947

we are up about 70 dollars on gold

the record was like 80-90 bucks within a day back in september, think we can break it?

[Z_Fan]

Yup. HGU is sitting one cent away from me having to dig up that post Sputnik made about how I wasn't going to see 13's on HGU. I hope it doesn't make $13.00 cuz then I'll have to go looking for that post. Hahahahha...

Kidding. :poosie:

I got lots of time, but not that much. :devil:

OH SHIT!

As I type this, it of course hit $13.00.

Dammit. Well, maybe I'll dig it up later.

[max_boost]

Oh sputnik? He doesn't post on days we make money. :rofl:

[djayz]

Congrats everyone to a successful day, the first in forever haha.

[max_boost]

Oh shit! The high $13.03! Glad I kept half hahaha


Originally posted by Z_Fan


I did get in to HGU at 9.73 as well as another bit at 10.49. Hope it runs up to 13.00 here before Friday.



Originally posted by sputnik


With gold struggling to stay about 900, I have a feeling you will see more $9 HGU before $13 HGU.

[997TT]

best day ever for me .... still not close to recovering from HOU ...but all i can say is WOW ...and thanks to the powers above.

[SilverRex]

how do you like them apples :)

now I was right about breaking higher, but the sharp breakout (down) surprised me, now as a technical guy, when price break down out of a channel but then recloses above (break out to the opposite side) this is as power ful as it gets for a complete reversal with strength.

http://i278.photobucket.com/albums/kk118/genmaster/gold13.jpg

[Z_Fan]

Thanks max_boost.

Appreciate that. Sputnik is usually a realist. I sometimes tend to be too much of an optimist. Sputnik's post I like, because they help me see reality better, actually.

But this one was kind of funny.

Anyone can be right. Anyone can be wrong. Just depends on the day I guess.

[sputnik]

Originally posted by max_boost
Oh sputnik? He doesn't post on days we make money. :rofl:

Actually I took Citibank from 2.70 to 3.10 today.

[Z_Fan]

^ Makes you wish you bought C last week when it was $1.00

I was gonna load up too. But got worried. Which is why I went with AIG instead. Hahahah. After I overcame the fear. :poosie:

[SilverRex]

just wait till the asian market open up in a few hours. something tells me the chinese might add fuel to the fire

[sputnik]

Something that needs to be considered though (and the honest ones will admit it)...

Is that none of you saw that Fed announcement making that big of a difference in the market so quickly and so sharply.

The majority of you just lucked out for 50-75% of your gains today and after the way the day started would have been happy to end the day in the black never mind up 10-15% overall.

Just be thankful that the Fed announcement had a positive impact this time because it could have easily gone the other way and the thread would have a completely different mood to it.

[sputnik]

Originally posted by Z_Fan
^ Makes you wish you bought C last week when it was $1.00

I was gonna load up too. But got worried. Which is why I went with AIG instead. Hahahah. After I overcame the fear. :poosie:

I had a bunch at $1.14 last week... got nervous when it hit $1.50.

What ever. I would rather take the profit when I can and not get too greedy.

[SilverRex]

^

true

but isnt that the same with all investment alike? you can never be 100% right, you can only have calculation, probabilities, like a company stock, with sound management and profits, chances are the share goes up in value, chances are if you buy it when its under valued, it goes up. even then a crash takes valuation out the window.

so while to some extend the fed announcement helped us, but ultimately we , I Am loading the boat here because with the amount fo money that the US is printing or the world is printing, gold will surge, it brings about inflation that soon could hit us sooner than we realize, and we knowing this and seeing the market at such oversold condition, I would be looking for a place to buy gold, even stocks now. so hardly luck, did I suggesting buy at 1000, I bet you didnt find any post suggesting that.

sure suddenly central banks dump another 500 tonns of gold on the market and gold nose dive to 500, so what? im unlucky? if you caculate the amount of money supply back in the 70s, gold should be in the 250 back then and guess what it shot up to 850, but in today's enviorment, gold should be at 1400, we are still undervalued. so I would be looking for a place to invest, so what if im wrong, at least I pick my entries. if gold gets pass 1400 onto another 3-4x fold like it did in the late 70s, then I will begin selling.

but its all good.:D at least I didnt recommend all eggs in one basket, and on one shouldnt ignore gold completely. I think a healty 10% of one's profolio should be in the metal sector

[sputnik]

Of course all investing has unexpected factors involved.

Take the gains and enjoy. The risk paid off.

Those that continue to be diligent and willing to take their small gains will be fine.

Those looking for a 10% day every day will get beaten up all over Wall/Bloor street more often than not.

For me, I was done before lunch... but as it stands Citi didn't do much more anyways.

[SilverRex]

all gold bears can laugh at me when gold gets back to 500-700 but right now you just couldnt ignore the technical signs that gold is putting in look

the circle back in oct, 3 bearish hammer pushed gold down to new lows

but now the complete opposite, triple hammer about to be formed pointing up

and the all important 900 dollar area that it broke is now the heaviest support of them all.

good luck all

im holding my gold shares abit longer on this one, i wont be surprised of profit taking tommorow, even when gold was at 681, look how the run really didnt take off until later.

http://i278.photobucket.com/albums/kk118/genmaster/gold14.jpg

[SilverRex]

sorry im way too excited today

again from the triple hammer technical workings look at silver below

its called dont phuck with triple hammer at the end of a run

http://i278.photobucket.com/albums/kk118/genmaster/silver1.jpg

[SilverRex]

the same thing happened with oil when oil was in the 44s on monday, it put in the same triple hammer on the 2 and 4 hour charts. and guess what happen

anyways triple hammers dont come often enough. lets hope we all prosper for those who are still holding the metal

[liquid1010]

As cool as this is, I have to agree with Sputnik.... this was more luck than anything else.

This was completely outside the realm of technical trading.....

[BigMass]

Originally posted by SilverRex
how do you like them apples :)

now I was right about breaking higher, but the sharp breakout (down) surprised me, now as a technical guy, when price break down out of a channel but then recloses above (break out to the opposite side) this is as power ful as it gets for a complete reversal with strength.

http://i278.photobucket.com/albums/kk118/genmaster/gold13.jpg

some things don't require charts to figure out.

US dollar ----> zero = Gold go up

hehe

But hey, we all saw this coming a year ago and kept telling people that the strength in the US dollar was due to deleveraging and when it ends the dollar will tank. I’m sure nobody listened or cared though.

Can’t wait for China to process this. When they give up on the US dollar, look out below.

don't forget Peter Schiff's live radio show tonight at 6pm our time. He's going to have a field day over it.
http://www.europac.net/radioshow.asp

[urbannomad]

I have a Question for all the pros....
I'm thinking about going long on AIG....dumb move?

I'm thinking in Lamen terms here....i mean, it would be hard for that corporation-nationalized to tank right? I want to go long on it, hopefully 2-3 years....(might not be long enough for the vets on here) But what do you think?

I have about 3k waiting to invest for the long run. Your opinions are undoubtedly wished for!

Your opinions on AIG?

[BigMass]

Originally posted by urbannomad
I have a Question for all the pros....
I'm thinking about going long on AIG....dumb move?

I'm thinking in Lamen terms here....i mean, it would be hard for that corporation-nationalized to tank right? I want to go long on it, hopefully 2-3 years....(might not be long enough for the vets on here) But what do you think?

I have about 3k waiting to invest for the long run. Your opinions are undoubtedly wished for!

Your opinions on AIG?

look up "zombie banks" in Japan. Yeah the company will be active, but the common stock will be worth zero.

[TheCheff]

Originally posted by urbannomad
I have a Question for all the pros....
I'm thinking about going long on AIG....dumb move?

I'm thinking in Lamen terms here....i mean, it would be hard for that corporation-nationalized to tank right? I want to go long on it, hopefully 2-3 years....(might not be long enough for the vets on here) But what do you think?

I have about 3k waiting to invest for the long run. Your opinions are undoubtedly wished for!

Your opinions on AIG?

Look at suncor if it is below 30/share

[Z_Fan]

AIG went to $1.62 in after hours trading. Expect a big gap up tomorrow morning.

Also, AIG executives will be giving their bonuses back. Not rocket science here. And when they do, AIG will look all golden again to the media.

AIG will also be forced to give back bonuses, by law, should they not do so by their own choice.

I expect AIG to hit $2.00+ tomorrow. Still a great buy to snag it first thing AM tomorrow and ride the wave.

Long term, who knows.

[SilverRex]

ok let see if gold and oil can sustain momentum

looking at oil chart first, the 47-47.50 retest played out perfectly, and now look at where we are at 52 lol, now we are RIGHT at the upper channel, and based on the sharp rise, once can expect some resistance around the 52 area for a pull back, how big is the pull back I'm not so sure yet but if it rises sharper out of the trend, thats a different story typically oil needs to get back down to the lower end of the trend.

So I would say get out of oil now and wait for a pull back.

http://i278.photobucket.com/albums/kk118/genmaster/oil21.jpg

as for gold, gold hitting high as 948 and slowly dropped to 925, just so happen 925 was near a 38% retracement of the recent 70 dollar rise and also the 50% retracement off the 1000 to 883 low as well as retesting the breakout line (this is quite the support here). And now we are right back at 945. so far its looking like the rise yesterday wasnt a fluke and it is causing alot of bears to run to the hills. look for a true breakout above 945. next resistance amid the most important and all eyes will be 961. a break above this = back to 1000 area, based on price projection if the 70 rise was legitiment and the momentum continues, the break above 945 will signal another 60-70 dollars off the based of 925 that will put us back close to 1000. However if things dont turn out immediately and bears put up a huge fight, then gold can still bounce up and down, then look for the purple line as a very good place to add to your position.

I dont know, I didnt expect gold to be this bullish all of a sudden, but things change quickly, but technically we are looking very strong. HGU premarket at 13.20

http://i278.photobucket.com/albums/kk118/genmaster/gold15.jpg

[Proyecto2000]

Originally posted by SilverRex
ok let see if gold and oil can sustain momentum

So I would say get out of oil now and wait for a pull back.


Im still hanging on to my HOD, is that a good thing? :confused:

edit - probably not HOD at $19

[Z_Fan]

13.75 HGU Premarket

AIG going to $2 on open

BAC to hit $9 today

Wow wish I had money to dump in to the market last week. LOL.

[SilverRex]

HGU premarket at 13.99 HOU at 7

[LBG]

52 oil, hou will hit at roughly 7ish? thanks

[eljefe]

Originally posted by Z_Fan
13.75 HGU Premarket

AIG going to $2 on open

BAC to hit $9 today

Wow wish I had money to dump in to the market last week. LOL.

14 now

[LBG]

Originally posted by SilverRex
HGU premarket at 13.99 HOU at 7

thanks lol

[e36bmw///]

nm

[997TT]

Financials going off again.
BAC, C, FAS

and of course HGU

starting out to be a great day so far as i'm holding HGU and FAS
Realized yesterday that TD is totally fkg me over with the FX rate on FAS.

after i exit my current position, i'm moving cash into my USD$ account. Rookie mistake ...i didn't realize how badly they r@pe you on the FX. I thought i was makind $X but when i looked at my account balance it was considerably less.

Any of you guys trade US stocks in a $CAD denominated account?

[Z_Fan]

^ Yeah, of course. (About AIG)

I actually just sold enough AIG to cover my initial investment. So I still have shares in AIG. But yeah, it would have been a nice double up.

:dunno:

I'm going to play with FAS today.

[sputnik]

Originally posted by Proyecto2000


Im still hanging on to my HOD, is that a good thing? :confused:

edit - probably not HOD at $19

You ask the same question every day.

Every day people tell you to sell.

Every day you ignore them and HOD falls more.

Why do you keep asking questions when you refuse to listen to the same advice over and over again?

Had you sold when you first were told to dump HOD you would be in a MUCH better position.

[SJW]

LOL sputnik.

Some people were born to lose money.

[Proyecto2000]

^^^ well I just sold at 21. wont be asking about HOD again

:rofl:

[sputnik]

SilverRex - Any technical thoughts on DJIA with it now crossing over the 7500 mark?

[Z_Fan]

Reality.