Official Short-term Investments Thread

[Disoblige]

Gold looking decent this morning but miners look shitty. USD/CAD messing it up I think?

[mr2mike]

https://www.cnbc.com/2018/02/04/what...rkets-now.html

This market pull back is a good thing and statistically, great chance it rolls up into the positive in a few weeks.

[SilverRex]

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I think the entire MJ sector needs at least another 10% down from current levels, then the risk/reward count will begin to swing back into the bulls favor. a near panic into the close and possibly gap down monday then full reverse would be nice

what a perfect script. this reversal is even more impulsive then the last one. should turn in to some sort of MT bottom here. line in the sand is todays low, then off to the races again

[Vanish3d]

SilverRex

Where do we stand on GDX/GDXJ ?

[SilverRex]

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SilverRex

Where do we stand on GDX/GDXJ ?

no change from the last chart. expecting bottom to land some where between here and no lower than 22.45 for gdx. if price closes below 22.45, it might turn in to something else. but over all, miners looks like a healthy 5 up (from Dec low) and 3 down to where we are. I am waiting if there is one more swing lower towards 22.50 to add another position

[mr2mike]

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what a perfect script. this reversal is even more impulsive then the last one. should turn in to some sort of MT bottom here. line in the sand is todays low, then off to the races again

Yeah almost perfect call.
I see how impulsive everyone is jumping into ACB. I was a big supporter of them early on but currently, they're so over pumped, just don't get caught holding the bag. Everyone thinks they bought a "blue chip pot company".

[max_boost]

Crazy swings on ACB today. Yes let's see $15 by Fri haha

[SilverRex]

just noticed the gdx to gld ratio has broke the Dec low. this is concerning because it would simply there are further downside for miners. As much as I hate to do this I have to set a mental stop on gdx. If it closes below 22.45 I am going to exit my leverage.

[taemo]

US stocks are all down 4%+
good time to buy some more US tech stocks?

[vengie]

Not to cast any fear, but Warren Buffett is sitting on over $100 billion in cash in anticipation of a massive crash.

The Shiller PE ration is insanely high right now.

[Chandler_Racing]

Majority of my portfolio is cash, I share the same view.

Curious how much 100 Billion represents as a % of his portfolio...

More interesting to me would be to see it monthly over a longer time period.

[max_boost]

Crazy. I better start saving cash to average down on the indexes then haha

[SilverRex]

right now based on counts, the bull market is far from over. any big correction is probably just a larger wave 4 sequence. e.g. we probably just topped a wave 3 of 5 of (3) so yes a good opportunity to load up. im gunning the 200 day moving average. what is more krazy i think is that the margin call probably caused some companies to go under.

[zhao]

Weird day. Saw some crazy movement on some stocks that dont see any movement traditionally. CHR for example fell 30-40 cents, and then rebounded which is a stock that traditionally has weathered every market storm in the last year without any significant movement. My mining stock was up pretty good, then down huge again out of no where, and then ended the day positive.

MJ was all over the damn place too lol. down big on open, a hour later everything was up big, and by the end of the day stuff pretty much was up good for the big guys, leveled out for the midrange, and down more for the little guys or the wonky guys. doja aka hiku, was down a lot surprisingly.

[Disoblige]

XIV SVXY

[kobe tai]

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XIV SVXY

watching to see how this opens tomorrow. someone please coles notes me as to wtf happened there afterhours?

[OTown]

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Not to cast any fear, but Warren Buffett is sitting on over $100 billion in cash in anticipation of a massive crash.

Source?

[vengie]

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Source?

http://lmgtfy.com/?q=Warren+Buffett+%24100billion+cash

[SilverRex]

natgas

finally got under 3 again. the 61% fib level from 2.55-3.5 yields around 2.91. adding a 2nd position here

[Disoblige]

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just noticed the gdx to gld ratio has broke the Dec low. this is concerning because it would simply there are further downside for miners. As much as I hate to do this I have to set a mental stop on gdx. If it closes below 22.45 I am going to exit my leverage.

GDX has fallen below. I'm actually exploring what might be a good time to enter GDXJ.