Aph (Aphria) anyone? 1000 shares in TFSA and just let it ride.
Aph (Aphria) anyone? 1000 shares in TFSA and just let it ride.
I am user #49Originally posted by rage2
Shit, there's only 49 users here, I doubt we'll even break 100
Ya it was only down 2 dollars at one point today. The market doesnt apparently hate the deal. That and I think ppl is a pretty solid company.Originally posted by ickyflex
Enbridge didn't do much after spectra deal.
I think infrastructure M&A is not the same as E&P
I'd have bought into that company but I think its somewhat over valued lately.
I own a bunch of PPL, sounds like today's deal will allow them to increase their dividend which is nice. Both companies seem to compliment each other well.Originally posted by zhao
Ya it was only down 2 dollars at one point today. The market doesnt apparently hate the deal. That and I think ppl is a pretty solid company.
I'd have bought into that company but I think its somewhat over valued lately.
Originally posted by Arash Boodagh
Before I start pwning all the members with my findings.Originally posted by Arash Boodagh
Plus, is it true you can feed a pig elephant dong and it will still grow and build meat?
Toma the homophobe?Originally posted by Toma
rx7_turbfoags best friend
well FOMC tomorrow. as in the past gold/miners tend to find 'a' bottom leading into or on the same day.
technically I think miners are due anyways, for a bottom or at worse a good bounce.
no change for gdx, my previous charting still stands, I probably wont pull any buy trigger unless gdx drops to 21 or below.
but looking at abx today. it looks pretty obvious a potential A=C flat correction. this may be a good indication this sector is about to rally
gold down and miners up today is the first sign.
silver or namely SLV has been down 11 day straight which you dont see very often.
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2019 IS350 AWD
20xx NX350 AWD
im going to add a position here on abx.to on this mini pull back as I believe we just have a micro 5 waves up.
it is entirely possible this sector has or can bottom ahead of tomorrow's FOMC. I will have to watch this and gdx closely to see which will offer me a better entry.
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I just bought tv.to. It's a zinc mining (lead and silver too) company about to cross over and might have a decent breakout. Zinc prices have also been on the rise recently.
this will be a quick in and out on my end.
If these numbers are confirmed by the EAI tomorrow, oil just pulled a huge headfake today:
Crude -4.16M
Gasoline -1.93M
Distillates -0.44M
Cushin -0.22M
I think you're likely correct on the headfake. Crude is up over 48 dollars already in asian markets right now.
silver
havent posted on this for a while, after like what 12 straight down days? with RSI extremely oversold. expecting a good rally coming up. if not even a bottom as it has moved below wave (a) which has now set up nicely for an ABC flat correction or running flat correction. There is also the rising multi year trendline underneath so we will see when it decides to turn. FOMC today may very well be the launch pad.
first sign would be a swing low by taking out the previous day high above 17
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20xx NX350 AWD
gold down and miners slightly up. (another day of positive divergence)
kinross beat estimate, leading the charge
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get ready for some volatility at noon from the FOMC annoucement
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I was watching Veresen ever since you mentioned it, but didnt buy in. Great pick!!Originally posted by BavarianBeast
Boom baby
That call was a 70% gain
silver has tagged the rising line and gold despite an initial jump on FOMC has given everything back and then some.
gold on target towards the 1200-1220 region which remains on target
gdx should now be on wave 3 of 5 of C down and finally should be able to break March low under 21, looking for the real bottom to be between 20-21
oil finally broke under 47 which is expected after technically being damaged over a week ago
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added back some other silver play during this pull back.
for leverage I will only feel comfortable with gdx under 21 and may only play Nugt as it is outperforming jnug. its best to stay away jnug
yesterday gld also made the BoW list, so with a initial gap down, I think this sector is poise for at least a good bounce heading into the french election results on may 7th
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What's the trend on oil go forward since it's technically weak
Quite the last couple days for FCX. Any thoughts on where it is headed now? Seems like concerns on demand from China, coupled with copper going down and perhaps FMOC... anyhow, Definitely well below the 12.70 you mentioned a few days back...Originally posted by SilverRex
fcx
fcx has completed 5 waves up and should be ready to make a 3 waves correction down to the 12.7-13.1 area this may be the last chance to get on board before a more significant rally begins.
as long as fcx does not close below 12.70 the bullish implication remains very intact
good that you asked.Originally posted by Magic-8-Ball
Quite the last couple days for FCX. Any thoughts on where it is headed now? Seems like concerns on demand from China, coupled with copper going down and perhaps FMOC... anyhow, Definitely well below the 12.70 you mentioned a few days back...
all I can say is, big picture remains solid, 1-2, 1-2, but these short term counts arnt easy to spot.
during this down move from the 16s, what started out a very clean 5 waves down turned out not quite finished. every rally became a larger degree wave 4 which resulted in another micro 5 wave down.
but looking back, I was expecting price to break below 11.92 (which it didnt quite achieve - until now)
the key support at this time is 11.51 and so far is holding. might give it a day or two to see how it looks. all I can say is, anything under 12 is just a great buying area for the long haul.
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What a stressful day in the market today lol.
I dumped cve today and went in to tv when it bottomed around 1.09 at lunch time. Tv 'should' sit around 1.16 at current zinc prices imo and zinc should rebound soon meaning tv will likely sit higher soon. I would have gone heavier into tv but I have a fair bit of unsettled funds sitting in limbo from jumping in and pulling out of tv at 1.20 the other day right before it fell.
If things go well with zinc I'll probably be rebuying cve, as I still say it's a good 6 month plus gamble. Oil at 46 makes it suck but everyone keeps claiming 55-60 for oil by 2018
ccj
after accj completed wave 3 of C down. we got our wave 4 bounce and we are very close to wave 5 of C down looking for price under 9.33 and I may begin to scale into a position
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fcx
as I have said, what was originally counted as a wave (4) in a 3 waves ABC turned into a 5 point flag abcde instead.
on first glance it appears we only have 3 waves down which mean we need to see one more wave lower still. but since this should really be wave V of C down, it can truncate and end
so we will see for the next few days how this plays out.
first sign we need to see price reclaim 12.50, with ultimate breakout zone over 14.00
I have a couple of positions between 12-13s and not going to do much here. I may be tempted to add one more if price does give us that lower low under 11
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