Official Short-term Investments Thread

[dawerks]

Originally posted by broken_legs


Here we go.

Back to your same tired arguments...

Im not "investing" in gold. I'm saving my wealth.

Get it? Nope. OK let it go.

How exactly are you doing that? Do you own physical gold? What price did you buy it at? If your house buying history is an indication, you probably bought it at $1420 :)

Or are you trading it electronically like everyone and their dog is?

I am growing my wealth, not saving it. (Stagnation is death).

max; the correction is on! How long it will last, only the smart forum kiddies know!

[broken_legs]

Originally posted by dawerks
Wait, you're the one who is the history master.

I presented over 200 hundred years of history, and you presented 10?

:facepalm:


Fuck dude. Do you even know what you wrote?

Here let me quote it again for you:



Compared to stocks and every other investment vehicle, gold has had a horrible return except for this last 2008 up run.


That is 100% WRONG. You posted a chart for the last 200 years. You claimed gold has never outperformed stocks except in 2008. THAT IS 100% WRONG.

http://www.dgcmagazine.com/blog/wp-content/uploads/2009/09/gold-chart1-12-1-300x205.gif




You bought your house in 2006? Or did you pay off the mortgage then?

"Homeowner since 2006."

2006 was the absolute pandemonum, high frenzey of house buying. The top, the peak. Hmmm..

And now back to attacking me personally again.

wow, you're going all out today!

Glad we could have this intellectual exchange.

[broken_legs]

Originally posted by dawerks


How exactly are you doing that? Do you own physical gold? What price did you buy it at? If your house buying history is an indication, you probably bought it at $1420 :)

Or are you trading it electronically like everyone and their dog is?

I am growing my wealth, not saving it. (Stagnation is death).


Just keep attacking me, makes your arguments much more logical.

[Hi-Psi]

Take you're personal shit elsewhere, non of us care who has the bigger e-cock.

[max_boost]

Originally posted by dawerks


How exactly are you doing that? Do you own physical gold? What price did you buy it at? If your house buying history is an indication, you probably bought it at $1420 :)

Or are you trading it electronically like everyone and their dog is?

I am growing my wealth, not saving it. (Stagnation is death).

max; the correction is on! How long it will last, only the smart forum kiddies know!

Well based on the readings, if it's a correction it should last around 30 days and result in a pullback around the 10% range.

We'll see.:D


Originally posted by broken_legs


Fuck dude. Do you even know what you wrote?

Here let me quote it again for you:



That is 100% WRONG. You posted a chart for the last 200 years. You claimed gold has never outperformed stocks except in 2008. THAT IS 100% WRONG.

http://www.dgcmagazine.com/blog/wp-content/uploads/2009/09/gold-chart1-12-1-300x205.gif



And now back to attacking me personally again.

wow, you're going all out today!

Glad we could have this intellectual exchange.




:drama:

[Hi-Psi]

It doesn't make sense to me that it would correct now though. You ahve to think that the Energy sector and banks are what's driving the TSX and generally drive it from Jan-April every year so why would it correct during one of the strongest periods of the year?

Maybe I'm missing something but that doesn't make sense to me. If anything it should still run up till April/May and then correct...

[broken_legs]

Originally posted by Hi-Psi
It doesn't make sense to me that it would correct now though. You ahve to think that the Energy sector and banks are what's driving the TSX and generally drive it from Jan-April every year so why would it correct during one of the strongest periods of the year?

Maybe I'm missing something but that doesn't make sense to me. If anything it should still run up till April/May and then correct...


Big Pimco Fund Unloads US Government Debt

http://www.cnbc.com/id/41990901

[dawerks]

It's not a personal attack if I ask you WHEN you bought your gold. I'm trying to reference your ability to pick the tops. It's a compliment.

You picked the housing bubble top, hey, who knows?! Maybe you're picking the gold bubble top? I want to know, this is a prime trading factor for me. :) Relax fella, it looks like you're gonna burst your gold vein (haha). I'll be here all week!

max; I got some of my stops hit already so who knows? I didn't buy anything today either (I am going to wait for the last 30 minutes). I'm thinking of buying DOG just because you suggested HIX :) (The TSX has a built in hedge).

[max_boost]

dawerks: or if you want to get risky, buy HXD 2X TSX60 inverse.

HSD: SP500 2X inverse
HQD: Nasdaq 2X inverse

Hold them for a short period of time lol

[dawerks]

Originally posted by 997TT
would you guys buy epo, ppi, aaa for a 5-7% flip?

epo 0.33
ppi 0.71
aaa 1.66

I hope you bought PPI, the guy was announced on BNN, and the stock took off.

BNN effect! edit; And like the BNN effect, you should've taken your profit and sold already. It says he will be on at 5PM? What's with the stock price??

max; the inverse etf's are a little scary for me. I already made a rule not to buy any of them (too much of a gamble). I bought some DOG after getting my ass handed to me by CRUS :)

I am buying TOT when the bleeding calms down :)

[997TT]

Originally posted by dawerks


I hope you bought PPI, the guy was announced on BNN, and the stock took off.

BNN effect! edit; And like the BNN effect, you should've taken your profit and sold already. It says he will be on at 5PM? What's with the stock price??



ya saw PPI jump....didn't know it was teh BNN effect. lol
would've had to have some serious horseshoes if you got lucky and bought today. i'd be out already...take my money and run.

[nguyen]

if u don't have that money, would u guys suggest buying penny stocks or bigger stocks? i was thinking of spending around $2500-$3000 and i was looking into buying a stock that's worth $26 right now but after looking at everyone's attention to other stocks, they're all in the penny category. so maybe i should start low. i heard that when you buy, you need to buy at least 1000 stocks? is that correct as well?

[max_boost]

If you only have $3000 I would put it in a TFSA and buy a smaller stock and hope for the best.

Go watch BNN, channel #70 and anytime an analyst suggests one of the small stocks as their top picks, buy it and hope for the best sometime down the road lol

[SilverRex]

TSX ascending wedge finally broken down, looking at 13500 at the minimum, however I prefer 12500 would be my magic entry.

[Hi-Psi]

Originally posted by nguyen
if u don't have that money, would u guys suggest buying penny stocks or bigger stocks? i was thinking of spending around $2500-$3000 and i was looking into buying a stock that's worth $26 right now but after looking at everyone's attention to other stocks, they're all in the penny category. so maybe i should start low. i heard that when you buy, you need to buy at least 1000 stocks? is that correct as well?

I would do as Max said and put it all the money into a TFSA and then I would buy a Junior Silver Mining stock like AUN, SPM or really any number of Junior Silver mining stocks. They should make very good gains this year, a lot like Junior gold mining stocks the last 2 years.

[max_boost]

Originally posted by SilverRex
TSX ascending wedge finally broken down, looking at 13500 at the minimum, however I prefer 12500 would be my magic entry.

Oh I would LOVE for that to happen lol

[nguyen]

what about data on EPS and PE? i looked up some of those stocks and the estimated eps is only 0.05 whereas other companies with the stock quotes are going around 2 eps.

Also, when do u know to sell? Do you just wait for a fairly good return on your money then take action? or do you just wait for a huge spike sell, then rebuy after it drops?

[Hi-Psi]

Originally posted by max_boost


Oh I would LOVE for that to happen lol

I was all for that 2 months ago but now that I'm fully invested I hope the correction is minor before we start our next bull run haha

Hopefully by the end of the correction I'll find something cheap to capatalize on.

[997TT]

aaa, epo, ppi getting hammered.
well everything is... lol

Max must be in la-la land

[TheRealTimHorton]

Originally posted by Hi-Psi

I was all for that 2 months ago but now that I'm fully invested I hope the correction is minor before we start our next bull run haha

Big mistake is all I can say... Biiig mistake.

Last relative low of the ES has been penetrated. This would be a major sell signal if we get a close in the 1280's.

[ZenOps]

Here we go... Markets got its legs pulled out.

This one could be brutal, IMO this could be the start of something worse than the 2008 crash.

[dawerks]

I called the correction yesterday (confirmed). Max has been calling it for the last year or so :)

Hopefully you guys already hit the doors where relevant, and keep you stops tight on the cores. I am going to look for re-entry, but not today.

Today is sit back, and watch the ensuing panic day. Cheers mates, been through this many times. They sky is not falling, it's just money.

..Gold getting dumped like the rest (GREAT HEDGE!) :) Happy I bought DOG yesterday, but not happy that I am stopped out of XIDE, JMBA, CRUS (that happened a while back), DBA, POT. So if you think you got it bad, trust me, there's someone else who got it worse :)

[dawerks]

Originally posted by ZenOps
Here we go... Markets got its legs pulled out.

This one could be brutal, IMO this could be the start of something worse than the 2008 crash.

I can only hope and pray it is!! Made a killing from 2008 onwards and everyone + their dog has been waiting for this correction. People will NOT 'hold' as long as last time. We'll see, this is just one week, this is a lifetime game...... :)

The people who have nothing invested in the market are the ones who will be happiest.

[Sugarphreak]

...

[ZenOps]

Gold and silver do not hedge against a market crash.. Gold and silver hedge against inflation.

I fully expect silver to do a devastating drop along with the markets.

[max_boost]

lol 30 day, 10% stock market correction, hang in there my friends.

Markets go up and down so no fear. Stay strong. I hope you have cash to re-load for the next bull run haha

[max_boost]

Originally posted by ZenOps
Gold and silver do not hedge against a market crash.. Gold and silver hedge against inflation.

I fully expect silver to do a devastating drop along with the markets.

You are making too much sense these days. What's happening? lol

[Sugarphreak]

...

[e36bmw///]

nm

[Hi-Psi]

Is anyone letting their stop-loss hit? I really don't want to sell any of my stocks so debating holding onto everything and seeing what happens.

[max_boost]

I've kept some and sold some.

I switched from HIX to HXD lol Hoping the leverage helps me for more gains if this pullback does have momentum.

Markets are seasonal anyway but no one likes watching their portfolio go down in value. Like dawerks said, this game is hard lol

Remember, corrections usually last 30 days and result in a 10% pullback. We've already lost 4.5% this week alone. :nut:

[DUBBED]

I'm riding this one out, my horizon is much longer than a month so I'm willing to watch the pullback. I find i just make shitty decisions when i get hot and bothered about turbulance like this.

That being said I wish I had some serious capital laying around so I could make some moves. There's some good buying opportunities out there right now.

[dawerks]

I couldn't help it, I bought GOZ, and HBM.

I have lots of cash from the stops I hit, can't just let it sit there can I?

[Zewind]

picke dup some more UUU stock today - Im really amazed how fast it dropped

[max_boost]

lol and now the Dow has passed the TSX in losses lol

U.S double dip here we come? lol

[e36bmw///]

nm

[broken_legs]

Goldman Sachs changed their outlook last time before QEII was announced.

They changed their outlook again a couple weeks ago from ULTRA BULL to gee there might be some issues.

It's almost like the whole thing is choreographed. We should see everyone start screaming bloody murder here, then they will come out and announce QEIII once the political pressure and panic is on so the politicians don't think too much about the deficit and stuff like that.

OR maybe this is it - The end of the dead cat bounce in the 30 year bear market?




Either way, I've been doing some shopping today and yesterday. Lot's of "deals" in gold miners.

[Hi-Psi]

Yeah I've got a much longer horizon(1-2 years) on my main portfolio so I'm content to watch it do it's thing, most of the stuff I bought on big dips anyway so not all are in red yet.

Now to come out with some cash in the next couple weeks to feed my TFSA with stocks that have got owned in the correction.

[max_boost]

Originally posted by e36bmw///
Anyone getting into HXD/HSD?

HXD here :werd:


Originally posted by broken_legs
Goldman Sachs changed their outlook last time before QEII was announced.

They changed their outlook again a couple weeks ago from ULTRA BULL to gee there might be some issues.

It's almost like the whole thing is choreographed. We should see everyone start screaming bloody murder here, then they will come out and announce QEIII once the political pressure and panic is on so the politicians don't think too much about the deficit and stuff like that.

OR maybe this is it - The end of the dead cat bounce in the 30 year bear market?




Either way, I've been doing some shopping today and yesterday. Lot's of "deals" in gold miners.

QE3 comes out and I immediately go bull lol

[max_boost]

Any predictions for tomorrow? Saudi Arabia day of rage? :eek:

[Hi-Psi]

At least the markets have started to stabilize a little, this morning was a fire-sale.

[TheRealTimHorton]

Did you guys know price action is the number 1 indicator for trading?

Did you guys know price action right now says a sell off has not been initiated yet?

Did you guys know you will feel so dumb if market gaps up just to run away on you? :rofl:

The markets use volatility to shake out weak longs. As of right now there is no confirmation either way.

Smart money is either sitting on cash or has not sold yet. They are not shorting yet.

[max_boost]

Originally posted by TheRealTimHorton
Did you guys know price action is the number 1 indicator for trading?

Did you guys know price action right now says a sell off has not been initiated yet?

Did you guys know you will feel so dumb if market gaps up just to run away on you? :rofl:

The markets use volatility to shake out weak longs. As of right now there is no confirmation either way.

Smart money is either sitting on cash or has not sold yet. They are not shorting yet.

So what's the confirmation we should be looking for?

[TheRealTimHorton]

Originally posted by max_boost


So what's the confirmation we should be looking for?

I don't watch the TSX, I watch S&P500 so you will have to extrapolate your own judgements.

If S&P starts closing around 1280 and lower, it would be a much more attractive short price than 1300 to 1320 (where it is now).

Does that make sense?

We are nearing the teetering point... Thats for sure.

[broken_legs]

http://i274.photobucket.com/albums/jj259/broken_legs/SP.jpg

[max_boost]

So I presume the bulls need to hold 1280 on the SP500 or else all hell will break loose?

Where's the next support level after?

[broken_legs]

Originally posted by max_boost
So I presume the bulls need to hold 1280 on the SP500 or else all hell will break loose?

Where's the next support level after?

Saudi:

According to informed sources Saudi Wahhabi police opened fire on Hundreds of protesters in Qatif, Eastern province.

Sources said to ABNA.ir that Saudi security forces fired heavy against Shia demonstrators in Qatif and wounding at least three.

A witness in the eastern city of Qatif told that gunfire and stun grenades were fired at several hundred protesters marching in the city streets on Thursday.




What should be disturbing for stock market bulls is that tomorrow, on the critical Day of Rage in Saudi, there will be no POMO, and thus stocks will be on their own...


eeek!

[TheRealTimHorton]

Originally posted by broken_legs
http://i274.photobucket.com/albums/jj259/broken_legs/SP.jpg

http://img405.imageshack.us/img405/7334/biwinning.png

@max_boost... Just stay on the right side of market. As of this moment, that side is long. Trying to predict support and resistance is hard, just look for path of least resistance.

High and Low penetration and daily closes are more important than anything, in my opinion.

PS Check out my awesome indicators! I would remove volume if I could figure out how. I usually have implied volatility on there too. :D

The NUMBER 1 Reason why I think a sell-off will not occur: Market has given retail traders too much time to react. If it was real, it would have been fast and hard. April 2010 on that chart is a great example.

[Sugarphreak]

...

[broken_legs]

Originally posted by TheRealTimHorton


http://img405.imageshack.us/img405/7334/biwinning.png

@max_boost... Just stay on the right side of market. As of this moment, that side is long. Trying to predict support and resistance is hard, just look for path of least resistance.

High and Low penetration and daily closes are more important than anything, in my opinion.

PS Check out my awesome indicators! I would remove volume if I could figure out how. I usually have implied volatility on there too. :D



http://i274.photobucket.com/albums/jj259/broken_legs/TSX.jpg

[TheRealTimHorton]

HAHA Thats funny.

You know the reason I don't follow the TSX at all is because of how resource based it is, plus it's not really a benchmark in terms of the world markets. It's more of a reactionary market than a proactionary market, if that makes sense. (I just made up a word and I like it).

And if you put the price action of the TSX before the price action of the American markets, then I say good luck to you! I hope you make money but I will not be a part of that haha.

Very ugly chart though. We will know soon where things are really going, that I assure you.

Edit. I also posted 3 year weeklys for a reason... Bigger picture gives you clearer picture and puts things into context a lot easier.

[max_boost]

So much to learn lol

broken_legs: so what you are saying is, the feds won't be doing any buying tomorrow? lol :eek:

[Sugarphreak]

...

[Hi-Psi]

I'm debating on taking some profits on stocks that have 30+% gains. The others I will leave I think but I guess that will depend on how things go in the next couple days.

[broken_legs]

Originally posted by TheRealTimHorton


Edit. I also posted 3 year weeklys for a reason... Bigger picture gives you clearer picture and puts things into context a lot easier.

http://i274.photobucket.com/albums/jj259/broken_legs/DJIA-1.jpg

[broken_legs]

Reggie truly is a thing of beauty.

http://www.zerohedge.com/article/why-strong-objective-financial-research-important-tech-firm-execs-well-investors

[broken_legs]

Interesting take from a pundit on CNBC the other day....


When the market started falling off teh cliff in 2008, we dropped below 1300, then tried to get back over and found resistance tehre for 3-4 weeks.

We just came out of an ascending bearish triangle (usually doesn't end well) but perhaps 1300 will lend us some support.

Also you can see that we tested 1300 on the way up, retraced then broke through - Are we testing support now???

Thoughts?

http://i274.photobucket.com/albums/jj259/broken_legs/SPX_08fwd.png

[max_boost]

1100 S&P500: http://www.zerohedge.com/article/charts-you-absolutely-have-watch-going-forward

:D

[davidI]

It will be interesting to see how this Earthquake / Tsunami affect markets at open!

[e36bmw///]

nm

[Zewind]

I thought the last few days were bad - today is going to make me cry like a baby :cry:

[Hi-Psi]

Most stocks are holding so far, guess we'll see as the day goes.

[Neil4Speed]

Oil stocks seem to be doing pretty well - fucking Royal Bank Direct Investing. Their system is so slow it is unable to tell you if what you owned sold or not. I canceled a limit, didn't show as executed, ended up selling at market. Trading dashboard erroring all over the place, sometimes not even loading up.

In the end ended up selling shares that I didn't even own, and just got off the phone with them and they want me to buy them back... at 2% up from the selling price.

Thanks for the offer to "take care of the commission on that one" $7 really going to do me allot of good.

I can't even comprehend why the biggest bank in Canada can't have a proper trading platform like TD or Scotia all they have to do is set it up through

http://home.nexatechnologies.com/op_SpecificProduct.aspx?type=ap - They all use Axispro...

End of rant, just so frustrated but how idiotic Royal Bank is.

[dawerks]

Trading halt on CMM! BUYOUT??

[whiskas]

My international portfolio is shitting the bed. A lot of Japanese stocks in that one.

[max_boost]

Double Dip here we come!

haha I don't know but worth a read.

http://boombustblog.com/reggie-middleton/2011/03/11/the-true-cause-of-the-2008-market-crash-looks-like-its-about-to-rear-its-ugly-head-again-with-a-vengeance/#more-4946

[broken_legs]

Originally posted by max_boost
Double Dip here we come!

haha I don't know but worth a read.

http://boombustblog.com/reggie-middleton/2011/03/11/the-true-cause-of-the-2008-market-crash-looks-like-its-about-to-rear-its-ugly-head-again-with-a-vengeance/#more-4946


Welcome to the Dark Side, Max :rofl:

wxMd93aCvd0

[max_boost]

Nikkei is -450pts as we speak. :eek:

I want to be bullish but I just can't. :nut: :dunno:

[broken_legs]

Originally posted by max_boost
Nikkei is -450pts as we speak. :eek:

I want to be bullish but I just can't. :nut: :dunno:


Yeah but the rest of Asia is only down 30.

Don't sweat it man. Tomorrow will be a big UP DAY. Too Much Bullish News.


EDIT: Just hit refresh - NIKKEI down 550 now... yikes!

EDIT: 600...


You'll like this though, max:
http://www.zerohedge.com/article/boj-raises-liquidity-injection-jpy12-trillion-146-billion



"The Bank of Japan said it will pump a record 12 trillion yen ($146 billion) into the financial system to help stabilize the market after the nation’s biggest earthquake on record last week threatened an economic recovery.

BOJ Governor Masaaki Shirakawa told reporters late yesterday he’s ready to unleash “massive” liquidity starting this morning in Tokyo.

[max_boost]

I've already went inverse for the short term investments so I'm believing that this the beginning of a pull back lol i guess we will see what happens lol

[Hi-Psi]

I'm really not buying into the general panic about the market. I'll be watching things closely but I really can't see the market crashing like it did in 2008, not at this point anyway.

A friend of our family has been a day trader for 20 years and isn't worried right now about any of this crap, he knows a correction is here but says we're looking at a small-medium correction. He doesn't believe any of this "2008" re-occurance stuff is going to happen anytime soon. He says in 2-3 years though, lookout! I trust him as he's helped me for years with trading and to this day has never given me bad advice.

Just like every worry in life, the media blows it up to try and scare everyone. We'll see QEIII and although that's not going to solve things long-term, it will keep us bullish in the short-medium term.

I'll start re-evaluating if we see 400-500 point drops day after day but until then I'm holding steady and looking to buy dips.

[Sugarphreak]

...

[yoda124]

holy crap UUU just cratered.

[997TT]

so goes all of uranium...pdn, cco etc

[skandalouz_08]

PRE is down to $28, what is the long-term outlook for this company?

[Hi-Psi]

Originally posted by Sugarphreak


Considering what is going on is it a surprise?

Plus keep in mind that Japan has the #1 debt in the world right now, even more than the US... as if the eathquake, tsunami and nuclear disaster wasn't enough, with tens of thousands of businesses in ruins & clean up costs like to run in the billions, this could be the start of a huge economic disaster.

The US has something like 83% of it's GDP in debt while Japan has like 200% of it's GDP in debt!

They're in a world of hurt right now...

[davidI]

Originally posted by Hi-Psi
I'm really not buying into the general panic about the market. I'll be watching things closely but I really can't see the market crashing like it did in 2008, not at this point anyway.

A friend of our family has been a day trader for 20 years and isn't worried right now about any of this crap, he knows a correction is here but says we're looking at a small-medium correction. He doesn't believe any of this "2008" re-occurance stuff is going to happen anytime soon. He says in 2-3 years though, lookout! I trust him as he's helped me for years with trading and to this day has never given me bad advice.

Just like every worry in life, the media blows it up to try and scare everyone. We'll see QEIII and although that's not going to solve things long-term, it will keep us bullish in the short-medium term.

I'll start re-evaluating if we see 400-500 point drops day after day but until then I'm holding steady and looking to buy dips.

If he's a true day-trader then he exits his positions at the end of every day so of course he's not worried. I don't think a 2008 style collapse will happen as the rebound over the last 2 years is still fresh in everyone's mind - but I do think it's time for the markets to return to the realities of world debt.

[Hi-Psi]

Originally posted by davidI


If he's a true day-trader then he exits his positions at the end of every day so of course he's not worried. I don't think a 2008 style collapse will happen as the rebound over the last 2 years is still fresh in everyone's mind - but I do think it's time for the markets to return to the realities of world debt.

He's not a true "day trader" as by normal definition. He has quite a few long term holds but also day trades a lot of positions as he sees fit. He has consistantly done very well in the market over the last 20 years, something not a lot of normal traders can brag about. It also helps to have millions of dollars to work with...

[Zewind]

Originally posted by yoda124
holy crap UUU just cratered.



Originally posted by 997TT
so goes all of uranium...pdn, cco etc


I didnt know what was going to happen today, but my UUU stock was kinda my best going stock until today. :cry:

[dawerks]

I lucked out on CMM. It got beat up last week and I bought it on the dead cat bounce on take over rumors. There is a merger (which is actually a little better). Have figure out if it's better to take the 20% now or the 50-100% later.

I would like to buy CCO now, but if there is more news from Japan it could take another 20% haircut. UUU is not that big of a shocker, it was at the top of the TSX 'short interest' list so one day they were going to drag it down.

[kaput]

.

[max_boost]

Jesus Christ the Uraniums got absolutely annihilated today. :eek:

Think long term, long term my friends. :nut:

[997TT]

im debating re adding eitehr uuu or pdn to my LT portfolio

but i'm not sure the dust has settled....

[SilverRex]

let see the TSX is at a cross road,

either we go up from here and phase transition into a new trend channel or we correct further,

Im hoping we will see the deeper correction,

I would be glad to load up at 12500 :)

http://i278.photobucket.com/albums/kk118/genmaster/tsx031411.jpg

[djayz]

I agree, lets see 12500. Shake things out a little and get rid of the correction while there is bad news in the air. Once the recovery in Japan begins it should be a strong bull market again.

Also for the uranium stocks I would wait it out until the Japan side is cleared up. The media keeps throwing around the word meltdown and people think of Chernobyl but the reality is these plants are pretty contained in themselves.

Here's a good read along with updates on the Japan nuclear situation:
http://morgsatlarge.wordpress.com/2011/03/13/why-i-am-not-worried-about-japans-nuclear-reactors/

[Hi-Psi]

How's everyone's portfolios lookin? My one portfolio is in the red after todays Uranium bust.

Although it's hard watching stuff go beaten up, it's nice to see some great discounts out there.

[Sugarphreak]

...

[max_boost]

Markets calming down. -70pts now.

[bitteeinbit]

Yeah uranium dove down, but I'm also in the red. Surprisingly, I mostly lost out last Thursday when for some reason both DOL and NPR.UN (my two "safe picks" which are usually resistant to big dips and almost NEVER gap up or down, but they gapped down last week) dropped a lot. TRE is back up again today so I'm feeling good about that, though I'm wondering if it's entering a downtrend. I see what could be a double-top but I would like to stay in longer.

[broken_legs]

Eric Sprott on Gold:

"It's a surprisingly under owned asset class"

http://www.zerohedge.com/article/eric-sprott-debunks-gold-bubble-myth

[max_boost]

http://www.marketoracle.co.uk/Article26909.html


And unfortunately Bernanke is not going to be able to just crank up the printing presses and rescue the markets like he did last summer. The problem isn't that there is a shortage of liquidity. The problem is that there is too much liquidity. It is causing commodity prices to surge out of control.

As the dollar crisis intensifies Bernanke will be forced to end QE or risk breaking not only the currency but also the bond market. Without an endless supply of fresh money the markets and economy will quickly start to collapse. We saw this last summer when QE1 ended. The same thing will happen this time only Bernanke's hands will be tied by the dollar crisis and surging commodity inflation. He will be powerless to prevent the return of the secular bear forces. Well unless he's prepared to risk hyper inflation that is.

True story? What do you guys think. Trying to get a realistic grasp on things.

[dimi]

Hyperinflation or Deflation.

I don’t really think it matters anymore. Little fish like us will always lose. By the time they make the announcement (QE3 or NOT) all the big players will already be in.

“The FED is winning because they have us guessing.” (quoted from some comment on ZH).

Sooner or later this QEx will stop. I highly doubt the FED wants to lose the one weapon it possesses, the US dollar. Hyperinflation will destroy that currency and I don’t think the FED is about to lose its monopolistic advantage.

IMO.

[dimi]

ARTICLE FROM 2009

http://www.cbc.ca/news/business/story/2009/08/22/carney-powers.html


Bank of Canada governor Mark Carney wants an expanded mandate to prevent future financial meltdowns, and not just continue to act as the country's inflation cop, he hinted on Saturday.

In comments to a symposium in Jackson Hole, Wyo., the G7's youngest central banker warned that the bank's mandate of strictly targeting inflation, while useful, may not be enough to prevent future meltdowns.

"Price stability should be retained as the central objective of monetary policy, although its definition may have to change," he said in the prepared text of his remarks released by the Bank of Canada to the media.

Central bankers may have done too good a job of keeping inflation in check for too long, giving some Wall Street traders the false sense of security to take disastrous risks, he said.

"As we have all just been reminded at great cost, low, stable and predictable inflation and low variability in activity — can breed complacency among financial market participants as risk-taking adapts to the perceived new equilibrium."

To prevent such abuses in the future, Carney said central bankers should be allowed to rein in financial markets as well as inflation by using monetary policy tools. Currently, the Bank of Canada's agreement with the government restricts it to controlling inflation.

The comments hint at Carney's frustration that while central banks did their part in establishing an environment of stable and predictable price increases and economic growth, that did not help in averting the worst global recession since the Second World War.

New role for central bank?
The first line of defence against a repeat of the global economic disruption that began with a subprime mortgage crash in the United States, he said, is better regulation of financial markets.

But he added central banks should also take on responsibility to ensure financial markets don't get out of hand again, and not simply by issuing warnings.

They could use monetary policy — hiking interest rates — to cool off a financial markets bubble even if the measure causes the bank to miss its inflation target.

Essentially, the idea would be "to generate price instability to prevent financial instability," he explained.

In Canada, the bank's current agreement with the federal government on maintaining a strict two per cent inflation target expires at the end of 2011.

Carney's remarks suggest he favours a change to the bank's mandate that would permit it to implement flexible inflation targets after 2011. He said the bank is considering price-level targeting, which would allow it to miss the target one year if it made up for it in the future.

There are dangers to moving off a strict adherence to inflation targeting, Carney admits, not the least of which is loss of credibility if the bank gets it wrong.

"If the central bank were to lean for financial stability reasons and miss its inflation target as a consequence, its accountability could be diminished, its credibility reduced, and potentially, inflation expectations themselves could become unanchored," he admitted.

Miss the target one year... yeaaaaaa

We are headed for the same shit too.

[SilverRex]

Originally posted by dimi
Hyperinflation or Deflation.

I don’t really think it matters anymore. Little fish like us will always lose. By the time they make the announcement (QE3 or NOT) all the big players will already be in.

“The FED is winning because they have us guessing.” (quoted from some comment on ZH).

Sooner or later this QEx will stop. I highly doubt the FED wants to lose the one weapon it possesses, the US dollar. Hyperinflation will destroy that currency and I don’t think the FED is about to lose its monopolistic advantage.

IMO.

its neither,

key word here is stagflation

[bitteeinbit]

Didn't they say they would be maintaining the current interest rates two weeks ago or so as shit in Lybia was stirring up?

[max_boost]

Originally posted by SilverRex


its neither,

key word here is stagflation

That looks like it. Unemployment still high, inflation in all commodities except natural gas and what growth? LOL

Nikkei down another 600+pts (6.5%)

Hangseng down 235+pts (1%)

As I write this post. Hard to be bullish right now. :eek: :nut:

[max_boost]

-800pts for Hangseng now.
-600pts Nikkei

The Asian slaughter is on.

Dow futures -175pts
Oil -$1.75

LOL

Brace yourself tomorrow. :eek:

[broken_legs]

inflation, deflation, stagflation?

Doubtful there are any periods in time that ever classified strictly as deflation or as inflation. Certain assets are always inflating whilst others may be deflating. For instance right now, we have inflation in hard assets (commodities), while assets that were highly levered with debt (real estate), are in deflation.

http://dailycapitalist.com/2010/06/24/will-we-have-inflation-deflation-or-hyperinflation/

4 Part Article discussion with lots of graphics. Good Read.

I'm more of the opinion that Hyperinflation is Really a massive deflation anyways - all this or that business trying to find a word to perfectly describe an imperfect and changing system doesn't work to well IMO.

Just follow the debt then follow the money.

[max_boost]

Holy fuck nikkei -1100pts and hangseng almost -1000pts. :eek:

[e36bmw///]

nm