Official Short-term Investments Thread

[ickyflex]

Originally posted by oz388
if any of you thinking oil price will rebound soon; just go look at nature gas price and you will realize how long you will have to wait on this one...oil has done its run for the passed 10 years and its the time to hibernate for the next 10.

Two completely different commodities. If you are going to compare the two at least put some effort into it. Natural gas is landlocked to NA. That is the reason it struggles.

Oil is a Global commodity. Consumption is GROWING. A supply response will more than likely happen either this year or next. The longer oil stays the more likely you are going to get a V shaped turn. Seriously what motive do people have to run into a thread and spew a bunch of non sense. Like a grab a brain buddy. It's like you don't even understand the commodity you are making a statement on.

Honestly, please for the love of God educate yourself before you make stupid fucking comments again.

[birdman86]

Originally posted by riander5


I was going to say my grass / trad consumption has dropped significantly in the past few years due to drinking more micro brews - didnt want to sound like a hipster though :D

BR up 18% today... Right as I was coming here to say how I agree with you - almost nobody I know drinks "big box" brews anymore (if you can call big rock big box)... Maybe we're getting old and fancy but it's always scotch and micro brew/craft beer these days.

[roopi]

Originally posted by birdman86


BR up 18% today...

BavarianBeast sees the future :nut:

[BavarianBeast]

So far so good!
:bigpimp:

I wouldn't consider big rock a big box brew and consider many of their beers to be microbrew.. They have a lot of limited production beers that would fall under those guidelines.

I'm just happy - haven't made a gain in my profile like this in 3 months lol.

[know1edge]

.

[roopi]

Originally posted by know1edge
up 18% on a volume of 520 :dunno:

:rofl: Didn't even notice that.

[riander5]

Bavarian Beast bought a few shares to prop it up!! Whats the bid / ask at

[max_boost]

lol so much for that short lived rally! back to negative territory.

[oz388]

Originally posted by ickyflex


Two completely different commodities. If you are going to compare the two at least put some effort into it. Natural gas is landlocked to NA. That is the reason it struggles.

Oil is a Global commodity. Consumption is GROWING. A supply response will more than likely happen either this year or next. The longer oil stays the more likely you are going to get a V shaped turn. Seriously what motive do people have to run into a thread and spew a bunch of non sense. Like a grab a brain buddy. It's like you don't even understand the commodity you are making a statement on.

Honestly, please for the love of God educate yourself before you make stupid fucking comments again.

take it easy buddy we knew u lost a lot money trading and probably u lost ur job as well...what am trying to say is commodity cycles r longer than most ppl anticipated. :dunno:

[ickyflex]

Originally posted by oz388


take it easy buddy we knew u lost a lot money trading and probably u lost ur job as well...what am trying to say is commodity cycles r longer than most ppl anticipated. :dunno:

hahaha no just calling out idiots who spew fear and monger on nonsense. What data did you spew to support your analysis?

So I must have lost alot of money and be out of work to call out a stupid statement. Even Goldman's $20 forecast last August has a supply/demand rebalance in 2016. Not that it should be taken to heart but seriously at least put some thought into your post.

Maybe think before you type? Dumbass

[ickyflex]

On the topic of discussion

Oil closing in on $25. Could be a good buying opp come feb/march!

Waiting to deploy a bunch of cash but going to catch it on the up trend

[revelations]

Originally posted by oz388
if any of you thinking oil price will rebound soon; just go look at nature gas price and you will realize how long you will have to wait on this one...oil has done its run for the passed 10 years and its the time to hibernate for the next 10.

It just seems strange to be paying the same prices for Gasoline as I did in the early 2000s in Vancouver (which is taxed much higher than here).

[max_boost]

Oh man hod $35 lol
Tsx creeping to 11500 my next entry point maybe I should just wait for 11000 lol

[SilverRex]

Originally posted by max_boost
Oh man hod $35 lol
Tsx creeping to 11500 my next entry point maybe I should just wait for 11000 lol

not sure about TSX as I havent been paying close attention to all the equities since moving all my RRSP into money market since last september.

not sure about the correlations between the TSX and DOW

but looking at DOW technically it is so damaged that it will fall further and the only bullish scenario is that it needs to fall below the last intermediate low at around 15370

so for opportunist and those still thinking to long on the stock market, hang on for a bit longer.

for me, go big or go home, im waiting for the DOW to really collapse and retest the 09 low. it would be such an alignment as that is when gold hits 5k with dow converging to 1:1 ratio

[bjstare]

Originally posted by cidley69


Anyone else all in on HOD?



Originally posted by cjblair


Fuck no, not after this drop. If I was in HOD right now, I would absolutely be taking profits at this point. All is has to do is trade sideways for 6 weeks and you can kiss your share value goodbye.


I might get back in to HOU/UWTI if we ever see low $20s, but I won't get into a leveraged stock when it's got the potential to move sideways for a while. Been there, done that.


^Those posts were from a couple weeks ago.

Props to anyone who was ballsy and lucky enough to still be into (and still hanging onto now) HOD/DWTI. DWTI +17% today
:nut:

[JustinL]

What stocks should we be looking at to buy at a discount when this sucker finally does bottom? I'm watching AAPL and POT.

[ickyflex]

Originally posted by JustinL
What stocks should we be looking at to buy at a discount when this sucker finally does bottom? I'm watching AAPL and POT.

Could throw Netflix in the mix if you think they will be around long term.

beat estimates yesterday and yet down 8% with the market crashing

[JustinL]

Originally posted by ickyflex


Could throw Netflix in the mix if you think they will be around long term.

beat estimates yesterday and yet down 8% with the market crashing

I'm already in on that one :(

[max_boost]

Originally posted by SilverRex


not sure about TSX as I havent been paying close attention to all the equities since moving all my RRSP into money market since last september.

not sure about the correlations between the TSX and DOW

but looking at DOW technically it is so damaged that it will fall further and the only bullish scenario is that it needs to fall below the last intermediate low at around 15370

so for opportunist and those still thinking to long on the stock market, hang on for a bit longer.

for me, go big or go home, im waiting for the DOW to really collapse and retest the 09 low. it would be such an alignment as that is when gold hits 5k with dow converging to 1:1 ratio

That's insane lol 5k dow and 5k gold but who knows!

I have a 5 year plan for the TSX to be above 13,500 lol

[el_fefes]

Originally posted by cjblair






^Those posts were from a couple weeks ago.

Props to anyone who was ballsy and lucky enough to still be into (and still hanging onto now) HOD/DWTI. DWTI +17% today
:nut:

I bought HOD last week and sold yesterday. I was scurred so I pulled out early at $31 :whipped:

HOU should be a pretty good buy soon...

[max_boost]

Coming back a bit from the day low. :nut: :dunno:

Ray Dalio said another round of QE possible? haha

http://www.cnbc.com/2016/01/20/bridgewaters-dalio-feds-next-move-toward-qe-not-tightening.html

[cloud7]

Crude oil price going up strongly on the March contract. By strongly, I mean more than 5% so far today despite 4 million more barrels increase in the US crude oil inventory. Most of the energy stocks are up quite aggressively as well, in the 7-10% range. I am just not sure we have seen the end of below $30 oil prices though... this may be a dead cat's bounce.

[-relk-]

Originally posted by cloud7
Crude oil price going up strongly on the March contract. By strongly, I mean more than 5% so far today despite 4 million more barrels increase in the US crude oil inventory. Most of the energy stocks are up quite aggressively as well, in the 7-10% range. I am just not sure we have seen the end of below $30 oil prices though... this may be a dead cat's bounce.
I am thinking along the same lines. The market continues to amaze me, oil jumps up when oil inventory blows past the projected number = :nut: to me

[bjstare]

+1 dead cat bounce.

[SilverRex]

well if you want to start believing the oil bottom has been struck, first look at if it can re-close above 32 (short term) then 40 for medium term

otherwise until it does that, oil remains in a final wave down that can continue to keep extending further and further.

[ickyflex]

Come on $25.5!

I need that $200 office pool lol

[revelations]

Originally posted by -relk-

I am thinking along the same lines. The market continues to amaze me, oil jumps up when oil inventory blows past the projected number = :nut: to me

Market manipulators care not about logic.


Originally posted by cjblair
+1 dead cat bounce.

Yep, up volume is 50% less than down days.

[Vanish3d]

Originally posted by cjblair
+1 dead cat bounce.

This cat might be made out of rubber cuz its bouncing pretty hard.

[SilverRex]

hows about PWT up 42% after striking a low a few days back. was in a the red for a little but made everything back and then some. the 32 area is a short term resistance, cashing out for the next oppt.

quick recap.

big resistance

32 follow by 40

big support

25 follow by 16

[bjstare]

Originally posted by Vanish3d


This cat might be made out of rubber cuz its bouncing pretty hard.

Well obviously, otherwise it would be a dead cat-slight-gain. A bounce is a fast short term increase haha.

To expand on my previous post, IMO it's got no good reason to be bouncing. Supply is high, still going to climb with Iran contributing. Demand is ~unchanged, and stockpiles keep getting bigger. I've seen no logical reason for price to see support at $30 (or higher). :dunno:

[riander5]

Originally posted by SilverRex
hows about PWT up 42% after striking a low a few days back. was in a the red for a little but made everything back and then some. the 32 area is a short term resistance, cashing out for the next oppt.

quick recap.

big resistance

32 follow by 40

big support

25 follow by 16

Good on your for making the trade... same with that dude on baytex. baytex and pennwest can be solid trades if you time them right... but due to their debt will usually trend down in the long run much harder than less leveraged producers.

I unfortunately played the 40 - 48 dollar range with SGY and WCP and am still down 15% on them after leveraging down (as of today) after that 40 range was smashed (and then 30 was smashed lol)

Oh well.. could be worse

[ickyflex]

Originally posted by SilverRex
hows about PWT up 42% after striking a low a few days back. was in a the red for a little but made everything back and then some. the 32 area is a short term resistance, cashing out for the next oppt.

quick recap.

big resistance

32 follow by 40

big support

25 follow by 16

Had a coworker make that same play on BTE @ $1.6, now $2.8

[SilverRex]

Originally posted by riander5


Good on your for making the trade... same with that dude on baytex. baytex and pennwest can be solid trades if you time them right... but due to their debt will usually trend down in the long run much harder than less leveraged producers.

I unfortunately played the 40 - 48 dollar range with SGY and WCP and am still down 15% on them after leveraging down (as of today) after that 40 range was smashed (and then 30 was smashed lol)

Oh well.. could be worse

ya the 1.00 I feel is a resistance for PWT so I will range trade this .6-1 as many times as I can

[Vanish3d]

I don't believe in this rally. I just got into HOD :devil:

[littledan]

frick... sent some more cash to my tfta to try and jump on BTE at 1.60 and it just cleared today.... fuark

[Manhattan]

Originally posted by littledan
frick... sent some more cash to my tfta to try and jump on BTE at 1.60 and it just cleared today.... fuark

Been waiting for over a week for an intra-bank TFSA transfer. :banghead:

[ickyflex]

There will be another opportunity i'm sure!

[BavarianBeast]

Anybody buying Canacol CNE at these levels? They made me a ton of cash back in 2013-2014. Just re-entered again.

[revelations]

Originally posted by Vanish3d


This cat might be made out of rubber cuz its bouncing pretty hard.

An opening gap up in this market (bear) typically signifies a false move - in that it will be short lived.

Also known as an "island reversal" to the initiated .... :nut: (many wierd terms)

[bjstare]

Originally posted by SilverRex


ya the 1.00 I feel is a resistance for PWT so I will range trade this .6-1 as many times as I can

I'm thinking of doing something similar with POU.

Also, to those that are waiting on transfers between accounts... why don't you set some up within a single institution? I get instant transfers.

[jacky4566]

Looks like I got in at the right time with MEG @ 4.42.

[Kloubek]

It's been a good stock day. Finally.

[SilverRex]

oil is about to retest 32 area. train stops here time to jump :D onto a diff train going to other way

[Manhattan]

Originally posted by cjblair
Also, to those that are waiting on transfers between accounts... why don't you set some up within a single institution? I get instant transfers.

Who do you bank with?

Takes a long time even with "single institution" when transferring between mutual funds and/or cash at the branch level and into at self-directed account with the investment branch of the bank i.e. pricewaterhouse. Technically, they're separate entities. Takes up to 2 weeks I'm told.

Even when contributing to a TFSA within the exact same account takes one full business day. :rolleyes:

[SilverRex]

Originally posted by Manhattan


Who do you bank with?

Takes a long time even with "single institution" when transferring between mutual funds and/or cash at the branch level and into at self-directed account with the investment branch of the bank. Technically, they're separate entities. Takes up to 2 weeks I'm told.

Even when contributing to a TFSA within the exact same account takes one full business day. :rolleyes:

it is instant for me I can transfer between my LoC and TFSA

[max_boost]

Originally posted by Kloubek
It's been a good stock day. Finally. Glorious! lol

I was scared lol had a buy order for XIU at $17 and it hit $17.08

If things can rally to 13k next week I am going to be quite happy! :D

[bjstare]

Originally posted by Manhattan


Who do you bank with?

Takes a long time even with "single institution" when transferring between mutual funds and/or cash at the branch level and into at self-directed account with the investment branch of the bank i.e. pricewaterhouse. Technically, they're separate entities. Takes up to 2 weeks I'm told.

Even when contributing to a TFSA within the exact same account takes one full business day. :rolleyes:

TD. I can transfer instantly between Chequing/Savings/USD Direct Investing/CAD Direct Investing.

[Manhattan]

^

Even if you transfer between TD chequings and TD price waterhouse?

[bjstare]

Originally posted by Manhattan
^

Even if you transfer between TD chequings and TD price waterhouse?

Yes. And you're meaning to write TD Waterhouse (not to be confused with PWC) haha

[BavarianBeast]

Originally posted by BavarianBeast
Anybody buying Canacol CNE at these levels? They made me a ton of cash back in 2013-2014. Just re-entered again.

:hitit:

[roopi]

Originally posted by Manhattan


Who do you bank with?

Takes a long time even with "single institution" when transferring between mutual funds and/or cash at the branch level and into at self-directed account with the investment branch of the bank i.e. pricewaterhouse. Technically, they're separate entities. Takes up to 2 weeks I'm told.

Even when contributing to a TFSA within the exact same account takes one full business day. :rolleyes:

I use both TD and RBC. I only transfer RBC to RBC and TD to TD but both are instant for me. RSP/TFSA/Margin/etc. All of them instant for deposits.

[SilverRex]

oil getting knocked down from 32 area which was text book.

im doubling down on mining stocks as I am expecting gold to make a big move soon with the potential that had already put in a intermediate bottom (or even long term)

interesting to note that miners has been held up quite well over the past few months relative to the performance to gold but suddenly last week or so it completely crashed yet gold inches higher. so

either mining stock is warning lower lows in gold is to come or

the crash in mining stock was orchestrated by big money to take out weak hands because there is weak volume in DUST (gold mining stock bear 3x)

I am going to bet on the latter

[BavarianBeast]

Originally posted by SilverRex
oil getting knocked down from 32 area which was text book.

im doubling down on mining stocks as I am expecting gold to make a big move soon with the potential that had already put in a intermediate bottom (or even long term)

interesting to note that miners has been held up quite well over the past few months relative to the performance to gold but suddenly last week or so it completely crashed yet gold inches higher. so

either mining stock is warning lower lows in gold is to come or

the crash in mining stock was orchestrated by big money to take out weak hands because there is weak volume in DUST (gold mining stock bear 3x)

I am going to bet on the latter

Full moon last night. You know what that means.

[bjstare]

Originally posted by BavarianBeast


Full moon last night. You know what that means.

........:confused:

[SilverRex]

the dollar index chart looks like it's ready to make a move lower for an intermediate cycle low which suggest gold and or even oil will have more upside.

[phreezee]

Shit, I wish I bought Trican and doubled up.

http://www.tricanwellservice.com/trican-well-service-reaches-agreement-sale-its-united-states-pressure-pumping-business-and-amended-0

[KPHMPH]

I was watching BTE ( baytex) and knew I should have bought it .... Almost went up a full dollar.

[Kloubek]

I really don't know much about investing. I pretty much entered the market at the worst possible time and I've lost thousands listening to "expert" advice.

But even seeing them up a dollar (which is an amazing increase) still strikes me as being a great buy for the long term. A year and a half ago BTE was trading at almost $50. Assuming they survive this downturn, wouldn't one expect this to be a candidate to increasing 10 fold once oil recovers? That might take 5 years, sure, but that's still a spectacular return.

So what am I missing here guys? Is this downturn going to make us all wads of cash in a few years if we invest now? What key metrics do we need to look at to measure an oil company's survivability?

[nytrydr89]

any insight on mutual funds? which, where, why?

[Khyron]

Short term is tough. Roulette for the most part.

https://dl.dropboxusercontent.com/u/64402414/baytex2.JPG

Looking at this, you missed the boat, so sad, maybe there's no upside.

But then you look at what area you're really playing in.

https://dl.dropboxusercontent.com/u/64402414/baytex3.JPG

Now, is it possible they will go bankrupt and you'll lose every cent... Possible. But looking at that chart what is more likely? And will Cenovus, Encana, Husky, Baytex, Meg, etc all go under? Again, technically possible but how likely do you think that is. 2 years from now how do you think that chart will look?

[bjstare]

Originally posted by Khyron
And will Cenovus, Encana, Husky, Baytex, Meg, etc all go under? Again, technically possible but how likely do you think that is. 2 years from now how do you think that chart will look?

IMO you want to look at debt ratio when oil is this low. Companies who have a shitty balance sheet (looking at MEG or POU) have a much smaller chance of making it through a long period of sustained shitty oil prices without going under. They also have a much bigger upside, however, since their share price has been so beat up over the last 14 months. It's all about how much you want to gamble.

[roopi]

Originally posted by Khyron

Now, is it possible they will go bankrupt and you'll lose every cent... Possible. But looking at that chart what is more likely? And will Cenovus, Encana, Husky, Baytex, Meg, etc all go under? Again, technically possible but how likely do you think that is. 2 years from now how do you think that chart will look?

If I were to guess you are safe in Husky and Cenovus. Baytex/Meg are the 2 riskiest if this carries on for too long.

Not sure what I think of Encana. I've thought takeover at times but then I really wonder who would buy it?

[Disoblige]

Lots of people I know went into Husky stock end of 2014 when it was ~$22-23. They're going to be holding this for a while now.

Question is, how much lower is it going to go from $13..

[revelations]

Originally posted by Disoblige
Lots of people I know went into Husky stock end of 2014 when it was ~$22-23. They're going to be holding this for a while now.

Question is, how much lower is it going to go from $13..

Husky appears to have a slight support level at 11.70$. No telling which way after though as Oil prices determine the final bounce level.

[ickyflex]

Originally posted by roopi


If I were to guess you are safe in Husky and Cenovus. Baytex/Meg are the 2 riskiest if this carries on for too long.

Not sure what I think of Encana. I've thought takeover at times but then I really wonder who would buy it?

BTE is the higher risk play with debt covenants in breach and need to renegotiate by end of year on those.

Debt itself is due 2020/2021. Lots of room on their LOC too.

MEG is backed by the chinese so i'd say they have a little more time on their hands.

[riander5]

Originally posted by revelations


Husky appears to have a slight support level at 11.70$. No telling which way after though as Oil prices determine the final bounce level.

What are you even referencing for support. Trendlines, Past lows, MACD, Stoich RSI, Elliot Wave, Fib Retract?

I love how many technical experts on here just throw numbers out. How have all the technical signs worked over the last year and a half :rofl:

Why chart individual companies when their stocks are moving completely based off oil prices? Well.. except raging river haha

[max_boost]

There's support at/near the 52 week low lol :nut:

[bjstare]

FB, UA :clap:

[SilverRex]

looks like a 5 waves up for oil off the bottom, certainly very encouraging if we want to see a decade low oil price put in place. now I expect oil to retreat or you can say retest back to the 29.5-32.5 range.

[riander5]

Originally posted by cjblair
FB, UA :clap:

Fuck i was considering buying some FB. Im currently thinking about getting maybe 1-2k in call options on NFLX and DIS

[BavarianBeast]

Invested in BIRD construction the other day. Great dividend and have a lot of work in the pipeline.

Worth holding for a couple years :thumbsup:

[bjstare]

Originally posted by riander5


Fuck i was considering buying some FB. Im currently thinking about getting maybe 1-2k in call options on NFLX and DIS

I got into FB in early 2015. It's really more of a long term investment for me haha.

I can't bring myself to be a NFLX bull, so much competition. (Note, I'm long on AMZN and I think their streaming service will provide notable competition)

I've been eyeing DIS for a while, but haven't committed to that yet either. I think over the next 12 months they'll do great, what with all the Star Wars and such.

[pfis300]

NAL:TSX - I lied a year ago and said it hit rock bottom - we're damn near it now.

I can say that we have hired a whole team strictly for M&A activities in the recession... ;)

[max_boost]

FB gonna go to $500 or what lol

[ercchry]

Originally posted by max_boost
FB gonna go to $500 or what lol

totally forgot i had some feb contracts... you go me all excited till i checked :rofl:

pretty much just corrected to where they were a month ago

[bjstare]

Originally posted by pfis300
NAL:TSX - I lied a year ago and said it hit rock bottom - we're damn near it now.

Tell us what else you see in your crystal ball.

[cidley69]

This article on oil sounds believable?

http://seekingalpha.com/article/3847936-oil-prices-will-now-test-opec-put

[SilverRex]

cashing out one position on yri.to for a 25% gain and giving myself some ammo to buyback

[SilverRex]

watch out if DOW at 16136 doesnt hold this counter rally is anything but false if it breaks

gold is looking good and continue to be in an solid uptrend. looking to test 1140+ breaking this would open into the 1200-1250 area while I exited one of my mining stock position I still have plenty to enjoy this recent ride up

oil is crashing back down as predicted, now 29 is the last place it needs to hold if we want to see 34+ oil prices other wise we are potentially looking at a newer low coming

[Manhattan]

Anyone else have issues with liquidity due to low trading volume ETFs?

[riander5]

Originally posted by pfis300
NAL:TSX - I lied a year ago and said it hit rock bottom - we're damn near it now.

I can say that we have hired a whole team strictly for M&A activities in the recession... ;)

NAL eh, what unit are you part of?

Edit - Nevermind, was thinking of NAL resources

[SilverRex]

https://www.youtube.com/watch?v=7rrLNCRkkas

interesting times in the coming weeks/month. Going to grab my pop corn

i dont know about you, but imo it feels like a lower low for DOW is coming

[BavarianBeast]

What are some good gold stocks to buy?

[SilverRex]

Originally posted by BavarianBeast
What are some good gold stocks to buy?

if your a gambler you would pick junior mining stocks. otherwise i like ABX, recently was upgraded and broke out from a significant resistance over 11.00 and since then it keeps moving higher.

personally I am heavily invested in AUY (YRI.to) I try to pick ones that are some what under valued in the sector, G and K as well as these stocks were literally slaughtered in the last couple of years during this downturn on the medals

Due to the bearish sentiment around gold + stocks, prices can swing wildly both ways. All I do is cost average down, it is nearly impossible to pick a bottom, my mind is set on the gold sector moving higher in the coming months/years so I will gladly pick up more shares the lower they go the more I buy.

ignore if you know this but those who doesnt do you know the silver price has formed a 30 year cup and handle pattern? the 50 dollar price it reached in the 1980s and the 2011 makes the rim and the current 4 year pull back is forming the handle. All it needs now is a catalyst for silver to explode to the upside, a minimum would at least hit 100-140.

looking at GDX Vector gold miner ETF a good chart to monitor the gold stock sectors, if it can break above 15 then the low in gold stocks may have been struck.

while gold and silver prices (especially silver) is still potentially can dip to a lower low from a wave count perspective. If this happens, it would be the last chance and the greatest opportunity to add to your position (especially physicals), however market can do what ever it wants to and if we learn our lesson in 2011 when the entire world was so set at believing gold to break the price at 2k, it reversed in full force instead.

My feeling is the same may occur when everyone is calling for sub 1k and below price, it may or may not get there. Simply the market has the tendency to toy with the average investor's mind and traps everyone in buying high and selling low.

update: GDX broke thru 15.00 area which has now invalidated the potential for a 5th wave down. The bottom in gold stocks may be in folks, confirmation if it can pass 17 with target over 20. I now expect any pull back in the mining stocks to be a good pickup, although YMMY depending on which stock you play.

[Matty_10]

Originally posted by BavarianBeast
What are some good gold stocks to buy?
I've been a fan of T.CRJ they recently appointed a new CEO and gave the old one a "golden" handshake and he's really been able to turn things around. Do your DD.

[max_boost]

300pt rebound from day low to high today. :nut:

[SilverRex]

back on the 25th of Jan I commented how the mining stocks was literally crashing, Yri had lost 50% of its value all in the span of 2 weeks and I believed it is the big money who is trying to shake out the weak hands and load up at the bottom. (hence I doubled down. do your own dd)

well, after another 2 weeks, price has literally swung back up erasing all losses and certain stocks even to new highs. certainly a bear market doesnt look this resilient does it? not unless we are about to enter a new bull market

[SilverRex]

another wicked day on the mining sector, just sold another position for 25%, i can get use to this. will buy every dip

https://www.youtube.com/watch?v=PdYipMc5U1o

[Khyron]

Originally posted by SilverRex
another wicked day on the mining sector, just sold another position for 25%, i can get use to this. will buy every dip

https://www.youtube.com/watch?v=PdYipMc5U1o

Bought some ELD a few weeks back but will keep holding I think. Nice to see some green in all the energy red. :P

[el_fefes]

Would you guys say HGU is a good buy right now? It's been on a tear in the last couple days but it seems like the mining stocks are doing well. Buy on the dips?

[SilverRex]

a quick check on oil, I am still expecting oil to put in a lower low <28 as price from 47 down to 28 looks like an extended wave 3 hence watch for any sudden collapse in oil possibly triggered by some sort of world financial crisis or event, if this happens I would pay attention to the oil sector and perhaps load up for long term.

However, it is also possible the low in oil may have came and gone (just like mining stocks) if that is the case we need to see oil recapture above 42 over time and once this happens then we may not ever see oil in sub 30 this decade if not this life time. again my own opinion

[BavarianBeast]

Originally posted by SilverRex


if your a gambler you would pick junior mining stocks. otherwise i like ABX, recently was upgraded and broke out from a significant resistance over 11.00 and since then it keeps moving higher.

personally I am heavily invested in AUY (YRI.to) I try to pick ones that are some what under valued in the sector, G and K as well as these stocks were literally slaughtered in the last couple of years during this downturn on the medals

Due to the bearish sentiment around gold + stocks, prices can swing wildly both ways. All I do is cost average down, it is nearly impossible to pick a bottom, my mind is set on the gold sector moving higher in the coming months/years so I will gladly pick up more shares the lower they go the more I buy.

ignore if you know this but those who doesnt do you know the silver price has formed a 30 year cup and handle pattern? the 50 dollar price it reached in the 1980s and the 2011 makes the rim and the current 4 year pull back is forming the handle. All it needs now is a catalyst for silver to explode to the upside, a minimum would at least hit 100-140.

looking at GDX Vector gold miner ETF a good chart to monitor the gold stock sectors, if it can break above 15 then the low in gold stocks may have been struck.

while gold and silver prices (especially silver) is still potentially can dip to a lower low from a wave count perspective. If this happens, it would be the last chance and the greatest opportunity to add to your position (especially physicals), however market can do what ever it wants to and if we learn our lesson in 2011 when the entire world was so set at believing gold to break the price at 2k, it reversed in full force instead.

My feeling is the same may occur when everyone is calling for sub 1k and below price, it may or may not get there. Simply the market has the tendency to toy with the average investor's mind and traps everyone in buying high and selling low.

update: GDX broke thru 15.00 area which has now invalidated the potential for a 5th wave down. The bottom in gold stocks may be in folks, confirmation if it can pass 17 with target over 20. I now expect any pull back in the mining stocks to be a good pickup, although YMMY depending on which stock you play.

:thumbsup:

Thanks dude.

Decided to buy some B2GOLD and also some Yamana. Didn't have any metals stock in my portfolio..

[revelations]

Any swing traders looking at a few months time frame might want to think about shorting the Yuan, or China Bear ETF.... its going to start heading down further over there. The fundamentals look pretty sad.

[SilverRex]

yri has filled the gap left around the 2.8x area, while certainly it can resume upward making this retracement short lived, however as tempted as I am, I want to at least add my position in the 2.6x area (38% retrace)

if you look at the hui gold bug index it tested a key resistance just shy of 140 this area needs to be broken to the upside follow by retest and a weekly closing above to change the medium term to being up

I want this to provide a short term stop to the gold sector so I can increase my holdings within the 38%, 50% or even 61% retracement. however if no such opportunity exist and hui breaks 140 convincingly, then this will become support. so we will see how it plays out

dont freak if you think you've missed out, if there is indeed a bull market taking shape in this sectors there will be plenty of opportunity. the sector is still bearish hence the first wave up usually follows by a steep sell off (without taking out the prior low) I will be looking to add/double down every step of the way

http://anonhq.com/game-changer-china-set-start-yuan-based-gold-price-fix-april-2016/

[riander5]

Originally posted by SilverRex
yri has filled the gap left around the 2.8x area, while certainly it can resume upward making this retracement short lived, however as tempted as I am, I want to at least add my position in the 2.6x area (38% retrace)

if you look at the hui gold bug index it tested a key resistance just shy of 140 this area needs to be broken to the upside follow by retest and a weekly closing above to change the medium term to being up

I want this to provide a short term stop to the gold sector so I can increase my holdings within the 38%, 50% or even 61% retracement. however if no such opportunity exist and hui breaks 140 convincingly, then this will become support. so we will see how it plays out

dont freak if you think you've missed out, if there is indeed a bull market taking shape in this sectors there will be plenty of opportunity. the sector is still bearish hence the first wave up usually follows by a steep sell off (without taking out the prior low) I will be looking to add/double down every step of the way

It broke resistance from july 2014 trendline, but im seeing a much longer trendline resistance from september 2011 on weekly chart.

Oversold on daily, approaching oversold on weekly so may be a good time to short it as it hasnt maintained upwards momentum while being oversold since this big downturn happened.

If you got in when it crossed MACD late 2015 that would have been a good play.. seems on weekly chart a MACD crossover has been a pretty reliable indicator (again on weekly chart)

Id buy the dip when it next comes as you suggested

[SilverRex]

sold all my position, profits too good to ignore. ive nearly doubled my TFSA account this year.

now I wait for dips

[Manhattan]

http://www.moneysense.ca/save/investing/tfsa/the-biggest-tfsas-in-canada/

[riander5]

Originally posted by SilverRex
sold all my position, profits too good to ignore. ive nearly doubled my TFSA account this year.

now I wait for dips

Just on trading gold or what?

[SilverRex]

Originally posted by riander5


Just on trading gold or what?

yes im only trading the mining sectors, maybe oil too depending on price level.

I have exited all other equities/holdings and put on a holding pattern. waiting for another 08 scenario as that is when you make the biggest gains.

[BavarianBeast]

Do you trade for a living SilverRex?